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GMV Minerals Inc. receives enhanced 3D IP data on Nechako property - drilling to commence
VANCOUVER, May 20 /CNW/ - GMV Minerals Inc. (TSX.V: "GMV") ("the Company" or "GMV") is pleased to...
About this update from Gmv Minerals Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, May 20 /CNW/ - GMV Minerals Inc. (TSX.V: "GMV") ("the Company"\nor "GMV") is pleased to announce that it has received very encouraging IP data\nfrom its 100% owned Nechako Gold property in central British Columbia.\n\n\nThe Company has received 3D-IP data from grid 1 and grid 2 on its Nechako\nproperty; data for grid 3 is pending. The surveys were initiated earlier in\nthe year to follow up on anomalous zones outlined by previous surveys on grids\n1, 2 and 3. The surveys involved both grid extensions and infill lines to\nbetter resolve and/or expand IP chargeability and resistivity trends.\n\n\nAt grid 1, 15 line-kilometres were completed as 100 metre spaced infill\nlines to cover 2 chargeability targets. The northern target is a circular,\ncoincident high resistivity - high chargeability anomaly flanking a presumed\nrhyolite/andesite contact. The infill surveying shows that the high\nchargeability target, some 200 metres in diameter, is enveloped by a lower\nchargeability feature, with the overall target some 400 metres in diameter and\npresent to 300 metres below surface.\n\n\nThe southern target was also better resolved by the infill surveying and\nnow comprises a 1.5 km long northwest trending chargeability zone underlain by\nlow resistivity and flanked by high resistivity. The infill surveying expanded\nthe strongest chargeability portion of the zone to 800 metes long at a depth\nof 200 metres below surface. On surface there are 3 distinct chargeability\nzones that coalesce into one broad zone at depth. The target also parallels\nthe same geologic contact as the northern target. In late May or early June,\nthe Company plans to drill test both targets with 1 or 2 drill holes each, for\napproximately 1000-1200 metres drilling.\n\n\nAt grid 2, approximately 30 line-kilometres were cut and surveyed as grid\nextensions to close off anomalous trends in three separate areas on the grid.\nThe target in the NW grid area was expanded a further 400 metres to the north\nand now measures 200-250 metres wide by nearly 1000 metres long and is\nunderlain by low resistivity and flanked by high resistivity. The SW target\ndid not increase in size and is now fully resolved. The east target, the\nstrongest of the 3, was expanded to both the north and south and now measures\nnearly 2000 metres lo...