Business
GMV Minerals Completes Summer Expansion Drilling Program at Mexican Hat Project
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2017) - GMV Minerals Inc. (TSXV: GMV) (the "Company" or "GMV") is pleased to announce that it has c
About this update from Gmv Minerals Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 26, 2017) - GMV Minerals Inc. (TSXV: GMV) (the \"Company\" or \"GMV\") is pleased to announce that it has completed drilling on the extensions of the known mineralization previously encountered at the Mexican Hat gold deposit in S.E. Arizona. The Company's fourteen-hole RC program was specifically designed to expand mineral resources to the south and to the east of the existing Mexican Hat gold resource. The drill program consisted of step-out drill holes to test along strike of the known 1200 striking mineralized H2 Zone. The Company directed the exploration to the southeast where the 2016 winter program encountered GMV 2016-11 which yielded 67.1 meters of 0.64 gpt/gold as part of a larger interval of 106.7 meters of 0.44 gpt/gold (350 feet). The H2 Zone, confirmed by drilling, is now 1.3 kilometers in length. A scissor hole was drilled to the east to confirm the northeast dip of the H2 mineralization in the area where GMV 2016-11 (drilled to the west) recovered a broad zone of mineralization. Two additional holes stepped out 50 m each to the south. The most common trend of the Mexican Hat mineralization is 600 (+/-) which contains five zones confirmed with an additional four zones indicated. A step-out of 150 meters to the east of all previous drilling was conducted by drilling six RC holes to a depth of 300 meters which is 100 meters deeper than previous Mexican Hat exploration. All drill holes encountered multiple intercepts of hematized and/or limonitized volcanic rocks that are typically associated with gold mineralization. Samples were collected throughout the drilling program and were submitted to Bureau Veritas labs together with certified standards and blanks. These results will be released as they are received and the QA/QC work is confirmed. The drill rig has now been moved 1.9 kilometers to the north of Mexican Hat to test a gold-bearing target identified by Placer Dome (USA) (\"Placer\") in a fence of 10 shallow RC holes drilled to determine the depth of overburden. Placer had intersected significant gold mineralization in 3 contiguous holes, but did not drill below a depth of 87m. These three holes are 150 meters apart and have now been twinned. Samples have been collected and submitted to Bureau Veritas together with certified standards and blanks. The...