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GMV Minerals Extends Mineralized Zones at the Mexican Hat Gold Deposit by 420 Meters
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2017) - GMV Minerals Inc. (the "Company" or "GMV") (TSX VENTURE:GMV) is pleased to report results from 8 of
About this update from Gmv Minerals Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2017) - GMV Minerals Inc. (the \"Company\" or \"GMV\") (TSX VENTURE:GMV) is pleased to report results from 8 of 15 holes in its reverse circulation drill program designed to extend the known mineralization on its Mexican Hat gold property in S.E. Arizona. All holes are outside of the existing resource. The Company is pleased to announce that it has extended the known area of its mineralization by another 420 meters. The current NI #43-101 resource was calculated with a 0.2 gpt gold cut-off, so all assays that exceed the cut off are considered material and further support an open pit heap leach extraction model. The H2 Zone (targeted with seven holes) was encountered at shallower levels than expected in all holes, and intersections include; 6m of 0.40 gpt gold, 6m of 0.25 gpt gold, 9m of 0.89 gpt gold, and 6 m of 0.30 gpt gold, extending the H2 Zone 420 m to the southeast. An additional zone was encountered in GMV 2016-1, 3m of 0.59 gpt gold, and in GMV 2016-2, 3m of 0.29 gpt gold. The 060°striking AN, A, B, C, and D zones were not encountered in one hole (GMV 2016-13), but were intersected in a second hole. The results from seven additional holes are pending. GMV 2016-14 encountered multiple mineralized intercepts including 3 m of 1.06 gpt gold, 3 m of 1.55 gpt gold, and a broad zone of 39.7 m of 0.38 gpt gold including 9m of 0.97 gpt gold and 21.3m of 0.56 gpt gold (includes 6m of 1.07 gpt gold). The five 060°zones are extended up to 110 m by the drilling completed to date with the deepest intercepts being 160m below surface. All holes intersected multiple hematite-bearing zones, typically associated with mineralization. Significant intersections occurred in all holes except GMV 2016-3, and 13 and include: RC Hole From(m) To (m) Interval(m) Gold(gpt) GMV 2016-1 15.2 18.3 3.0 0.59 GMV 2016-1 54.9 57.9 3.0 0.15 GMV 2016-1 57.9 61.0 3.0 0.44 GMV 2016-2 70.1 73.2 3.0 2.20 GMV 2016-2 73.2 76.2 3.0 0.18 GMV 2016-2 76.2 79.2 3.0 0.29 GMV 2016-2 112.8 115.8 3.0 0.23 GMV 2016-4 30.5 33.5 3.0 0.20 GMV 2016-4 33.5 36.6 3.0 0.59 GMV 2016-5 61.0 64.0 3.0 0.15 GMV 2016-5 64.0 67.1 3.0 0.34 GMV 2016-6 12.2 15.2 3.0 0.10 GMV 2016-14 9.1 12.2 3.0 1.06 GMV 2016-14 18.3 21.3 3.0 0.30 GMV 2016-14 27.4 30.5 3.0 1.55 GMV 2016-14 73.2 76.2 3.0 0.32 GMV 2016-14 76.2 79.2 3.0 0.10 GMV 2016-14 243.8 24...