Business
GMV Minerals Inc. Announces Multiple Broad Domains Intercepted Including 30.5 Metres Grading 1.47 gpt Gold and 45.7 Metres Grading 0.61 gpt Gold
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2019) - GMV Minerals Inc. (TSX...
About this update from Gmv Minerals Inc
[{"type":"text","content":"GMV Minerals Inc. Announces Multiple Broad Domains Intercepted Including 30.5 Metres Grading 1.47 gpt Gold and 45.7 Metres Grading 0.61 gpt GoldVancouver, British Columbia--(Newsfile Corp. - September 10, 2019) - GMV Minerals Inc. (TSXV: GMV) (the \"Company\" or \"GMV\") is pleased to announce that the Company has received the final assays from its recent eleven hole drill program at its 100% controlled Mexican Hat gold deposit located in SE Arizona.The 2019 spring drill program focused specifically on drill testing areas within the pit model produced by IMC (Independent Mining Consultants, Inc.) in the autumn of 2018. Due to the absence of drill holes in certain areas of the proposed pit, these areas were classified as waste tonnage and GMV management determined that this assumption should be tested. Please see the chart below.Mr. Ian Klassen, CEO commented, \"I am pleased to report that our recent drill program designed to test certain waste areas within the proposed pit has been a success. For example, we are delighted that a step out drill hole in this program (MHRC19-01) was successful in confirming economically significant mineralization in the second pit located to the southeast. Currently, the GMV exploration team is assessing future drill targets which will be designed to increase the conceived pit life by several years of production\".The Mexican Hat economic model published December 19, 2018 uses a 0.2 GPT gold cutoff. HoleFrom (m)To (m)Intercept (m)Gold (gpt)MHRC 19-50.03.03.00.35MHRC 19-567.173.26.10.30MHRC 19-588.4103.615.20.61MHRC 19-5109.7112.83.00.31MHRC 19-5125.0128.03.00.31MHRC 19-5158.5161.53.00.27MHRC 19-5176.8179.83.03.09MHRC 19-5189.0192.03.00.74MHRC 19-5216.4219.53.00.28MHRC 19-5240.8262.121.30.42MHRC 19-60.012.212.20.51MHRC 19-657.961.03.01.00MHRC 19-688.497.59.10.61MHRC 19-6103.6128.024.40.85MHRC 19-6134.1152.418.30.33MHRC 19-6176.8222.545.70.61MHRC 19-6268.2271.33.01.00MHRC 19-6298.7300.21.50.24MHRC 19-9158.5164.66.10.44MHRC 19-9176.8182.96.10.44MHRC 19-9204.2253.048.80.42MHRC 19-9274.3277.43.00.28MHRC 19-9280.4283.53.00.23MHRC 19-9301.8304.83.00.75MHRC 19-1018.324.46.10.51MHRC 19-1033.564.030.51.47MHRC 19-10115.8134.118.30.30MHRC 19-10176.8179.83.00.25MHRC 19-110.03.03.00.27MHRC 19-119.115.26.10.49MHRC 19-1151.854.93.00.20MHRC 19-1170.179.29.10.85MHRC 19-11121.9137.215.20.88MHRC 19-11149.4155.46.10.29...