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GMV Minerals Completes 2017 Drill Program at Mexican Hat Property; Engages Tetra Tech to Complete Updated Resource Estimate
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2017) - GMV Minerals Inc. (TSXV: GMV) (the "Company" or "GMV") is pleased to announce that the Winte
About this update from Gmv Minerals Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - November 22, 2017) - GMV Minerals Inc. (TSXV: GMV) (the \"Company\" or \"GMV\") is pleased to announce that the Winter 2016 and the Summer 2017 step out drill programs conducted on the Mexican Hat gold property have concluded with 23 of 28 drill holes encountering gold mineralization above the previously established 0.2 gpt cut-off that had been used for inclusion into a Mineral Resource. This year's exploration has discovered new zones to the north and to the east of the previous reported NI 43-101 Mineral Resource, adding 18.6 Hectares to the surface extent of the mineralization. Please see the attached link: Click Here Tetra Tech Inc. Completes Audit of 2015 Resource Estimate & Is Engaged to Co-Author New Resource At the recommendation of Dr. D.R. Webb, Ph.D., P.Geo., P.Eng., the Company's Acting Project Manager, GMV has engaged Tetra Tech Inc. to co-author GMV's new resource estimate calculation and updated NI 43-101. Tetra Tech provides a full range of mining services to the natural resource extraction industry, with 16,000 employees and a global presence. GMV is confident that the investing community will recognize the Company's commitment to the highest standards of engineering and science through this engagement. The Company looks forward with positive anticipation as these drill intercepts and assays are incorporated into its upcoming revised NI 43-101 resource. In keeping with GMV's management policy to double check data wherever financially prudent, earlier this year Dr. Webb (QP) engaged Tetra Tech to audit methods, procedures and findings in conjunction with GMV's 2015 NI 43-101 filing on its Mexican Hat Resource. The audit has now been completed, the methodology was reaffirmed, and a number of minor recommendations to improve the resource outcomes were proposed. Metallurgy Metallurgical testing since 2016 has shown materially better gold recoveries than had been used in the previous resource calculation. The introduction of the potential for run of mine (ROM) processing could mean a significant reduction in processing costs. \"Mr. John Fox, P. Eng., the Company's metallurgist previously reported in reference to testing completed in 2017, \"these results together with more comprehensive bottle roll testing have confirmed that no significant differences or issues exi...