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GMV Minerals Starts Drilling - First Hole Is the Most Extensively Mineralized One Ever Encountered at the Mexican Hat Gold Project in S.E. Arizona
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2021) - GMV Minerals Inc.  (TSXV...
About this update from Gmv Minerals Inc
[{"type":"text","content":"GMV Minerals Starts Drilling - First Hole Is the Most Extensively Mineralized One Ever Encountered at the Mexican Hat Gold Project in S.E. ArizonaVancouver, British Columbia--(Newsfile Corp. - July 13, 2021) - GMV Minerals Inc. (TSXV: GMV) (OTCQB: GMVMF) (the \"Company\" or \"GMV\")  is pleased to announce that it has commenced drilling on its wholly-owned Mexican Hat Property located in Cochise County, Arizona, USA.GMV has completed the first hole on its phase one expansion focused exploration program at the Mexican Hat. The first hole was collared approximately 65m east of the eastern-most drill hole from the boundary of the southeastern pit, targeting the trend as extrapolated from drilling and geophysical data. This is the most extensively mineralized drill hole ever encountered at the Mexican Hat by GMV and is similar in nature to the mineralization previously drilled where gold mineralization is associated with fractured and hematized, carbonate-altered rocks. Generally, more hematite and fracturing characterizes higher-grade intersections. Please see link for photograph of DDH MHC 21-5 final section ending in mineralization. Project page: https://gmvminerals.com/projects/mexican-hat/photos/ The initial drill hole is testing the Principal Controlling Structure (PCS) and was collared and drilled to the south at -60o in latite tuffs and encountered mineralization at 49.7m and remained in mineralized latite tuffs until TD at 205.7m, where the hole was terminated due to extensively broken ground. This is well short of the target of 350m where the footwall rhyolites were expected. Mineralization consists of variably fractured, hematized and carbonate-rich latites with intervals of orange limonite/goethite. The second hole of this drill program is being collared a further 73 m to the east, testing the same projection of the PCS. Subsequent drill holes are planned to trace this structure for a total of 1,200m.This exploration program was designed by Dr. D.R Webb, IMDEX Inc., and RESPEC to test geophysical extensions of the PCS in areas where geochemically anomalous soils that are enriched in gold and gold pathfinder elements are found. These areas are defined geophysically and possess geochemically anomalous soils that are enriched in gold and gold pathfinder elements. Eight drill holes are designed to test these target...