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GMV Minerals Inc. enters into agreement with Mr. Alfro Alphonso to acquire 100% interest in 485,000 acres in the Republic of Guyana, South America
GMV Minerals Inc. enters into agreement with Mr. Alfro Alphonso to acquire 100% interest in 485,0...
About this update from Gmv Minerals Inc
[{"type":"text","content":"\n\n\n\n May 4, 2010 (Canada NewsWire Group) -- /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n\n GMV Minerals Inc. (the "Company" or "GMV") (TSX-V:GMV) is pleased to announce that it has entered into a binding letter agreement (the "Agreement") with Mr. Alfro Alphonso (the "Optionor") to acquire a 100% interest in certain mineral rights in Guyana, South America.\nThe Company has the exclusive option for a period of three years from receiving final approval for the acquisition from the TSX Venture Exchange (the "Exchange") to acquire an undivided one hundred percent (100%) interest in the mineral rights (the "Acquisition") to 454 medium scale prospecting permits and 2 large prospecting permits (the "Properties") consisting of the following:\n\n\n >\n\nThe claims are located in the Guiana Shield which contain mines such as El Callao which has produced (greater than)20mm ozs Au and the Km 88 District (Las Cristinas, Las Brisas; (greater than)20mm ozs Au). Many of the known hard rock deposits in the Guiana Shield have been located by investigation of placer gold production which then helped to locate in-situ gold anomalies.\nThese gold deposits occur in deformed and metamorphosed greenstones made up of sequences of alternating mafic to felsic volcanic and sedimentary rocks intruded by granitoid batholiths and stocks. The Barama-Mazaruni Supergroup, a Lower Proterozoic greenstone with metasediments and granitic complexes in northern Guyana, is the host to gold mineralization, such as Million Mountain, Tassawini, and Aurora and the newly discovered copper-gold mineralization at Toroparu. Many of these localities have been historically exploited for alluvial gold which is a good indication of in-situ hard rock deposits. The acquired properties are recommended to be explored by modern methods, such as geochemistry, geophysics and drilling, for large-scale open pit type gold deposits.\nRobert A. Lunceford MSc., CPG, an independent technical advisor to GMV Minerals Inc. is the Qualified Person as defined in National Policy 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), is responsible for and has reviewed all technical information contained in this news release.\n\n\n >\n\nIn order to acquire a...