GMV Minerals Retains Precision Geosurveys Inc. to Fly Helicopter-Borne High Resolution Magnetic and Radiometric Survey at the Daisy Creek Project IN North Central Nevada
1050 - 1090 West Georgia Street
Vancouver, British Columbia. V6E 3V7
GMV MINERALS RETAINS PRECISION GEOSURVEYS INC. TO FLY
HELICOPTER-BORNE HIGH RESOLUTION MAGNETIC AND RADIOMETRIC
SURVEY AT THE DAISY CREEK PROJECT IN NORTH CENTRAL NEVADA
VANCOUVER, BC, October 10, 2023 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV)
(OTCQB: GMVMF) is pleased to announce that it has contracted Precision GeoSurveys Inc. of Langley, British
Columbia to perform a helicopter -borne high resolution magnetic and radiometric survey at its Daisy Creek
project in Lander County, Nevada.
Ian Klassen, CEO remarked "We are very pleased to be working with Precision, a Canadian and global leader
in airborne geophysics. The airborne survey, expected to start in the next two weeks, will be flown in a
systematic low level grid pattern using 150 metre line spacing at a planned constant flight height of 40m. The
high-resolution magnetic and radiomet ric survey will be another important instrument used by GMV’s
exploration team to map the geometry of the caldera basin in detail, as well as the radiometric response of the
exposed rocks to determine what the previous owner Phillips Uranium was targeting when they drilled the
high-grade lithium target in the 1980’s . The survey will provide uniform, low ground-clearance magnetic and
radiometric data coverage of the Daisy Creek project at higher resolution than existing surveys that cover only
parts of the property.
The geophysical survey will encompass 100-line km at 150 m spacing over one survey block of 13.8km2 and
will utilize a Scintrex CS-3 (or equivalent) cesium vapor magnetometer sensor with 0.0 1 nT sensitivity in a
proprietary non -magnetic and non -conductive survey b oom for total magnetic intensity measurements.
Radiometric data will be collected using a Nuvia Dynamics AGRS-5 spectrometer with 21 L of self-calibrating
radiation detection crystals. The Helicopter, a n Airbus AS350 , is configured with a laser altimeter, attitude
sensor, temperature/humidity/barometric probe and its own WAAS-enabled GPS receiver.
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 Precision
Precision GeoSurveys is a full -service airborne geophysical contractor and industry leader in providing high
resolution surveys in mountainous and remote terrain having acquired and processed high resolution multi -
sensor airborne geophysical data in mountainous terrain on over 700 surveys since 2007. The company utilizes
state-of-the-art geophysical instrumentation attached directly to the helicopter. The magnetic sensors are flown
in a non-magnetic and non-conductive nose stinger configuration, and the gam ma sensors are flown internal
to the aircraft away from variable fuel cell attenuation. Compared to conventional slung bird -type survey
systems, this innovative design allows the survey to be safely flown at reduced terrain clearance to minimize
noise, improve resolution, and reduce the need for complex corrections to the data. The geophysical data and
- 2 -
maps will be prepared using industry standard Geosoft algorithms and mapping software to show the
geomagnetic and radiometric properties of the survey area.
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 Pro perty, 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 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]
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.