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GMV Minerals Inc. discovers strong gold anomaly 2.6 km long by 0.6 km wide
VANCOUVER, Oct. 18, 2012 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSXV: GMV) i...
About this update from Gmv Minerals Inc
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Oct. 18, 2012 /CNW/ - GMV Minerals Inc. (the \"Company\" or \"GMV\") (TSXV: GMV) is pleased to announce that it has\n successfully outlined a strong gold geochemical anomaly on its A-16\n Prospecting License (\"PL\") which lies adjacent to and directly south of\n Guyana Goldfields Inc.'s Aurora deposit.\n\n\nDuring the past few months multiple crews of geological professionals\n and a field staff of approximately 20 have mapped, sampled and hand\n augered 2,441 samples on the A-16 PL. The geochemical sampling by hand\n augers was done at 50-metre intervals on E-W lines spaced 100 metres\n apart N-S.  The grid was concentrated on structural trends and\n granite-greenstone contacts defined by geophysical data.  In-fill auger\n sampling at 25 metres helped define two principal and several secondary\n targets within the gold anomaly.  Recently, the gold anomaly has been\n extended further south and east based on hand auger assays results,\n which have just been received\n\n\nThe Company has also completed a 45-hole Trado (a small portable\n mechanical auger) grid around the highest priority drill target as\n defined by the hand auger sampling with holes set at 25 metres along\n four E-W lines spaced 50 metres apart N-S. This Trado program is\n designed to more reliably test the anomaly at depth to reduce sampling\n inaccuracies due to alluvial gold and surficial weathering influences. \n It is expected that this deeper sampling will define the drill target\n if results are as encouraging as the shallow auger sampling has\n indicated.  Core drilling if warranted, will follow as soon as possible\n after assays have been received. The majority of the Trado holes (36)\n were drilled to a depth of 7 metres, with the remaining being completed\n between 3-6 metres depending on ground conditions and water table.\n\n\nStructural, magnetic, and radiometric (U, Th, K) data on A-16 defined by\n airborne and follow-up geophysical surveys [see Press Release dated\n March 1, 2012] indicated potential for gold mineralization on A-16. \n Located just north of A-16, the Aurora deposit is aligned to the\n northwest and situated at the distal end of a regional scale potassic\n alteration zone, which extends southeast onto A-16.  Potassic\n alteration within Guyana is often associated with gold m...