GMV Minerals Inc. Starts New Drilling to Further Extend Known GOLD Mineralization
280 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS INC. STARTS NEW DRILLING TO
FURTHER EXTEND KNOWN GOLD MINERALIZATION
VANCOUVER, BC, May 1, 2017 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV) is pleased to
announce that it has commenced additional drilling to further extend the known gold mineralization at its Mexican Hat
gold property in southeastern Arizona.
The Company's second 17-hole drilling program began on Saturday, April 29 th to expand mineral resources to the
northwest and southeast of the existing Mexican Hat gold resource. Following the excellent results developed from the
first phase drill program completed in January, management determined that another drill campaign should be
immediately initiated to further extend the body of the mineralization and to define its boundaries. The C ompany’s
technical team is highly encouraged after viewing/examining the most recent assay results utilizing 3D modeling
software.
Once this phase of drilling is completed, all assays from both drill programs will be calculated and incorporated into a
single and enhanced resource calculation. An updated NI#43-101 will then follow.
This new drill program will test:
• An additional 200 metres to the Southeast. The GMV winter drill program has extended mineralization 400 m
to the southeast of the established NI 43-101 compliant resource.
• A new gold zone discovered during the GMV winter program located to the north where s trong indications
of additional zones exist.
• An additional 100 meters in depth from the historical average of 200m.
• To the west where all of the gold zones are open. The program will include diamond and reverse circulation
(RC) drilling.
The Company will also commence collecting geomechanical data in preparation for preliminary engineering work.
Core samples will be logged and marked, and selected samples will be sawn in half with one half sent for assay, and the
other half retained for further work. RC samples will be collected using a rotary splitter at the drill, bagged, dried, and
shipped by commercial carrier to Inspectorate America Corporati on Laboratories in Sparks , Nevada. Cer tified
standards and blanks will be inserted into the sample stream prior to shipping, and laboratories stand ards, blanks and
duplicates will be analyzed and reported. Samples will be prepared using PRP70-250 and analyzed using FA330 (fire
assay) and AQ251 (ICP) methods.
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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.
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 project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred
mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. 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.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: [email protected]
This news release may contain forward -looking statements based on assumptions and judgments of management of the Company regarding future
events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from
those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such stat ements except as
may be required by law.