GMV Minerals Receives Helicopter-Borne High Resolution Magnetic and Radiometric Survey Results ---Multiple Priority Targets Identified at Its Daisy Creek Lithium Project
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS RECEIVES HELICOPTER-BORNE HIGH RESOLUTION
MAGNETIC AND RADIOMETRIC SURVEY RESULTS ---MULTIPLE PRIORITY
TARGETS IDENTIFIED AT ITS DAISY CREEK LITHIUM PROJECT
VANCOUVER, BC, November 29th, 2023 – GMV Minerals Inc. (the “Company” or “GMV”)
(TSX-V: GMV) (OTCQB: GMVMF) is pleased to announce tha t it has received the completed
geophysical surveys from Precision GeoSurveys Inc. of Langley, British Columbia on its Daisy Creek
project in Lander County, Nevada.
The survey was designed to outline the northern portion of the Daisy Creek caldera where Phillips
Uranium’s historic drill results returned very impressive high-grade lithium values while testing
uranium targets within the basin fill. GMV’s current survey included high-resolution radiometric and
magnetic measurements across its entire claim package.
There are thirteen discrete magnetic anomalies identified within the Daisy Creek Basin, most of which
have associated radiometric anomalies . These are interpreted to define in -basin and basin margin
faults with focused hydrothermal activity. There are surface disturbances consistent with trenches
and/or drill pads at some of these geophysical anomalies and are very likely where Phillips Uranium
focused their efforts. The current claystone model in Nevada invokes a closed basin, often defined
by a collaps ed tertiary caldera. The h igh evaporation rates during this time increased the lithium
concentration in the basin. This may be further increased in hydrothermal fluids influxes such that
clays forming and settling over time fill the basin with elevated lithium concentrations . Associated
elements include boron and may include uranium.
Ian Klassen, CEO remarked "We are very pleased with the results of this survey. We know that high-
grade lithium assays (up to 20,000 ppm Li) came from a uranium exploration program, and that t he
airborne survey was flown in a systematic low level grid pattern using 150 metre line spacing at a
planned flight height of 40 m has identified a number of these targets. The Company’s exploration
team has recommended we initiate ground truthing of these geophysical anomalies and cross
referencing with the evidence of surface disturbances prior to drilling. This is a meaningful next step
that gets us closer to an upcoming drill program.”
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Figure 1. Schematic cross section with exaggerated vertical scale showing interpreted geology in
Daisy Basin with geophysical response.
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Figure 2. Plan view of GMV Minerals land holdings in the Daisy Basin, Lander County, Nevada
showing proposed drill holes on geology with magnetic anomalies from the recent airborne survey.
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 Property, located 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 4,800 hectares in Lander County, Nevada where it is exploring
highly prospective claims for lithium.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
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For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: [email protected]
www.gmvminerals.com
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.