GMV Minerals Inc. Intersects TWO Thick Lithium Claystone Horizons Testing 1,250 Hectares at Daisy Creek Project IN Lander County, Nevada
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. INTERSECTS TWO THICK LITHIUM CLAYSTONE HORIZONS
TESTING 1,250 HECTARES AT DAISY CREEK PROJECT IN LANDER COUNTY, NEVADA
VANCOUVER, BC, November 15, 2024 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX -V:
GMV) (OTCQB: “GMVMF”) is pleased to announce that preliminary results from the four drill holes
completed on the Daisy Property are very encouraging with a thickening in the claystone horizons and
increasing in the grade towards the south. The southern-most hole, DC24-1 intersected three distinct claystone
horizons totaling 48.7 m of lithium enrichment starting 76.2 m down hole.
All holes were 5.5-inch RC holes drilled vertically.
Drill Hole From (m) To (m) Thickness
(m)
Li (ppm)
DC24-1 76.2 109.7 33.5 1,085
Incl 85.3 109.7 24.4 1,125
And 164.6 170.7 6.1 1,170
And 189.0 198.1 9.1 1,004
DC24-2 39.6 45.7 6.1 942
And 100.6 112.8 12.2 773
DC24-3 54.9 61 6.1 676
DC24-5 No significant values
DC24-4 was not drilled.
No significant uranium values were encountered.
Ian Klassen President states “We are very pleased with the results showing a thickening and increasing grade
to the south on our 100% controlled Daisy Creek Property. The 48.7 m of total claystone in DC24 -1 with
values >1,000 ppm is economically interesting, and the grades are increasing towards the deeper parts of the
basin. These values well exceed the cut-off grade for most claystone projects in Nevada and similar to some
that have been taken to feasibility studies in the Clayton Valley (see table below). Claystones typically have an
SG of 1.7 gm/cc such that each cubic meter contains 1.7 tonnes of rock. Drill holes DC24 -1, 2, and 3 are
separated by 300 to 1,000 m meaning substantial tonnages can be inferred quickly from each drill hole.”
Company Project
Tonnes
(millions) ppm Li
American Lithium TLC Project 2052 809
Pan American Energy Horizon Li 2,800 669
Spearmint Resources McGee 470 830
Noram Lithium Zeus 586 957
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RC samples were collected into premarked bags from 10’ runs, collected and dried before transporting them to
the independent certified ALS Global’s laboratory in Elko Nevada. They were further dried, crushed and
pulverized using CRU -31, SPL-21 and PUL -31 procedures. The pulps were then shipped to ALS Global’s
laboratory in North Vancouver and were processed using ME -MS41 aqua regia digestion and mass
spectrometry analysis. Six Certified Reference Standards, CDN -Li1, were submitted, checked in re-runs with
internal laboratory standards together with selected samples and returned acceptable results.
Lithium enriched
Very Lithium enriched
0 1,200
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
109.728
li
0 0.22
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
109.728
mg
Log for DC24-5
0 1,200
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
165
170
175
176.784
li
0 2.37
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
165
170
175
176.784
mg
Log for DC24-3
0 1,200
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
158.496
li
0 3.29
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
158.496
mg
Log for DC24-2
0 1,200
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
165
170
175
180
185
190
195
198.12
li
0 4.44
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
165
170
175
180
185
190
195
198.12
mg
Log for DC24-1
At basin margin 700 m from basin margin 1,400 m from basin margin 1,700 m from basin margin
Figure 1. The image shows lithium and magnesium analyses down hole (meters) for the four drill holes completed, schematically
distributed from the basin margin on the left to towards the deeper basin on the right.
Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has
reviewed the technical content of this release and has approved its content.
- 3 -
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in
Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly
referred to as the Mexican Hat Property, loca ted in Cochise County, Arizona, USA. The project was initially
explored by Placer Dome (USA) in the late 1980’s to early 1990’s. GMV is focused on developing the asset and
realizing the full mineral potential of the property through near term gold production. The Company’s NI 43-
101 resource estimate (Inferred) is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut -off, containing
688,000 ounces of gold. In 2023, GMV acquired a total of 165 lode claims covering 3,408 acres in Lander
County, Nevada where it is exploring highly prospective claims for lithium.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: [email protected]
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward -looking statements" under applicable Canadian securities
legislation. Forward-looking statements include estimates and statements that describe the Company’s future,
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