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GMV Minerals Inc. Completes Initial Drilling at Daisy Creek Project in Lander County, Nevada

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GMV Minerals Inc. has completed its initial drill program on the Daisy Project in Lander County, Nevada. The company drilled five targets with 643m of RC and tricone drilling, intercepting various claystone horizons and claystone with felsic ash to lapilli tuffs. Abundant alteration was noted in some drill holes with both oxidized and sulphide-bearing horizons observed.

A total of 221 samples have been submitted to ALS Global for analysis, including 10 Certified Reference Standards. Results will be released once received and checked. No lost time accidents occurred, and all disturbed sites were graded and reseeded.

GMV Minerals is focused on developing precious metal assets in Arizona and Nevada. The company has a 100% interest in the Mexican Hat Property in Arizona, with an NI 43-101 inferred resource estimate of 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.

GMV Minerals Inc. ha completato il suo programma di perforazione iniziale sul Progetto Daisy nella Contea di Lander, Nevada. L'azienda ha perforato cinque obiettivi con 643 m di perforazione RC e tricone, intercettando vari orizzonti di claystone e claystone con cenere felsica ai tufi di lapilli. È stata notata un'abbondante alterazione in alcuni fori di perforazione, con orizzonti sia ossidati che contenenti solfuri osservati.

Un totale di 221 campioni è stato inviato ad ALS Global per analisi, inclusi 10 Standard di Riferimento Certificati. I risultati saranno pubblicati non appena ricevuti e verificati. Non si sono verificati incidenti di lavoro e tutti i siti disturbati sono stati livellati e riseminati.

GMV Minerals è focalizzata sullo sviluppo di risorse di metalli preziosi in Arizona e Nevada. L'azienda detiene un interesse del 100% nella Proprità Mexican Hat in Arizona, con una stima di risorse indicative NI 43-101 di 36.733.000 tonnellate con un grado di 0,58 g/t di oro a una soglia di 0,2 g/t, contenente 688.000 once d'oro.

GMV Minerals Inc. ha completado su programa de perforación inicial en el Proyecto Daisy en el Condado de Lander, Nevada. La empresa perforó cinco objetivos con 643 m de perforación RC y tricone, interceptando varios horizontes de arcosa y arcosa con cenizas felsicas a tufos de lapilli. Se observó una abundante alteración en algunos agujeros de perforación, con horizontes tanto oxidantes como portadores de sulfuros observados.

Un total de 221 muestras han sido enviadas a ALS Global para análisis, incluyendo 10 Estándares de Referencia Certificados. Los resultados serán publicados una vez recibidos y verificados. No se produjeron accidentes con tiempo perdido, y todos los sitios perturbados fueron nivelados y sembrados nuevamente.

GMV Minerals está enfocada en desarrollar activos de metales preciosos en Arizona y Nevada. La empresa tiene un interés del 100% en la Propiedad Mexican Hat en Arizona, con una estimación de recurso inferido NI 43-101 de 36,733,000 toneladas con una ley de 0.58 g/t de oro a un corte de 0.2 g/t, conteniendo 688,000 onzas de oro.

GMV Minerals Inc.는 네바다주 랜더 카운티의 데이지 프로젝트에서 초기 드릴 프로그램을 완료했습니다. 회사는 643m의 RC 및 트리콘 드릴링으로 다섯 가지 목표를 드릴링했으며, 여러 점토석 지층과 석회암과 화산재가 혼합된 지층을 관통했습니다. 일부 드릴 홀에서 산화된 지층과 황화물 지층이 발견되어 풍부한 변화를 관찰했습니다.

총 221개의 샘플이 ALS Global에 분석을 위해 제출되었으며, 그 중 10개의 인증된 기준 표준이 포함되어 있습니다. 결과는 수신 및 확인 후 발표됩니다. 작업 중 부상은 없었고 모든 방해된 장소는 정리되고 다시 씨앗을 뿌렸습니다.

GMV Minerals는 애리조나와 네바다에서 귀금속 자산 개발에 집중하고 있습니다. 이 회사는 애리조나의 멕시칸 햇 재산에 100%의 지분을 보유하고 있으며, NI 43-101 기준에 따라 36,733,000톤의 추정 자원을 보유하고 있고, 그레이드는 0.58 g/t 금, 컷오프는 0.2 g/t이며, 688,000온스의 금이 포함되어 있습니다.

GMV Minerals Inc. a achevé son programme de forage initial sur le projet Daisy dans le comté de Lander, au Nevada. La société a foré cinq cibles avec 643 m de forage RC et tricone, interceptant divers horizons de claystone et des claystones avec des cendres felsiques jusqu'à des tufs de lapilli. Une altération abondante a été observée dans certains trous de forage avec des horizons oxydés et ceux contenant des sulfures observés.

Au total, 221 échantillons ont été soumis à ALS Global pour analyse, y compris 10 normes de référence certifiées. Les résultats seront publiés une fois reçus et vérifiés. Aucun accident de travail n'est survenu, et tous les sites perturbés ont été nivelés et resemés.

GMV Minerals se concentre sur le développement d'actifs en métaux précieux en Arizona et au Nevada. L'entreprise détient un intérêt de 100 % dans la propriété Mexican Hat en Arizona, avec une estimation de ressources inférées NI 43-101 de 36 733 000 tonnes avec une teneur de 0,58 g/t d'or à une coupe de 0,2 g/t, contenant 688 000 onces d'or.

GMV Minerals Inc. hat sein anfängliches Bohrprogramm im Daisy-Projekt im Lander County, Nevada, abgeschlossen. Das Unternehmen hat fünf Ziele mit 643 m RC- und Tricone-Bohrungen gebohrt und verschiedene Tonschieferhorizonte sowie Tonschiefer mit felsischem Asche zu Lapilli-Tuff durchstoßen. In einigen Bohrlöchern wurde eine reichliche Alteration festgestellt, wobei sowohl oxidierte als auch sulfidhaltige Horizonte beobachtet wurden.

Insgesamt wurden 221 Proben zur Analyse an ALS Global gesendet, darunter 10 zertifizierte Referenzstandards. Die Ergebnisse werden veröffentlicht, sobald sie empfangen und geprüft wurden. Es gab keine Arbeitsunfälle mit Ausfallzeiten, und alle gestörten Standorte wurden eingeebnet und wieder eingesät.

GMV Minerals konzentriert sich auf die Entwicklung von Edelmetallvorkommen in Arizona und Nevada. Das Unternehmen hält ein 100%iges Interesse an der Mexican Hat-Immobilie in Arizona, mit einer NI 43-101 geschätzten vorhandenen Ressource von 36.733.000 Tonnen mit einem Gehalt von 0,58 g/t Gold bei einem Cut-off von 0,2 g/t, was 688.000 Unzen Gold enthält.

Positive
  • Completed initial drill program on the Daisy Project in Nevada
  • Intercepted various claystone horizons and felsic ash to lapilli tuffs
  • Observed abundant alteration and sulphide-bearing horizons in some drill holes
  • Submitted 221 samples for analysis, including 10 Certified Reference Standards
  • No lost time accidents occurred during drilling operations
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / September 26, 2024 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that, pursuant to its news release dated September 10th, 2024, it has completed its initial drill program on the Daisy Project, located in Lander County, Nevada.

The Company drilled five targets with 643m (2109 feet) of RC and tricone drilling. All holes intercepted various claystone horizons and claystone with felsic ash to lapilli tuffs with a distinctive trend towards more abundant claystone in the central portions of the caldera. Abundant alteration was noted in some drill holes with both oxidized and sulphide-bearing horizons observed.

A total of 221 samples have been submitted to ALS Global for analysis in Elko Nevada, including 10 Certified Reference Standards. The results will be released once they have been received and checked. No lost time accidents occurred, and all disturbed sites were graded and reseeded with the recommended seed mix.

Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.

About GMV Minerals Inc.

GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. The Company's NI 43-101 resource estimate (Inferred) is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold. In 2023, GMV acquired a total of 165 lode claims covering 3,408 acres in Lander County, Nevada where it is exploring highly prospective claims for uranium & lithium.

ON BEHALF OF THE BOARD OF DIRECTORS
Ian Klassen, President

For further information please contact:

GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: Klassen@gmvminerals.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GMV Minerals, Inc.



View the original press release on accesswire.com

FAQ

What were the results of GMV Minerals' (GMVMF) initial drilling at the Daisy Creek Project?

GMV Minerals completed drilling of five targets with 643m of RC and tricone drilling. The company intercepted various claystone horizons and claystone with felsic ash to lapilli tuffs. Abundant alteration was noted in some drill holes with both oxidized and sulphide-bearing horizons observed. However, the specific analytical results are pending and will be released once received and checked.

How many samples did GMV Minerals (GMVMF) submit for analysis from the Daisy Creek Project?

GMV Minerals submitted a total of 221 samples to ALS Global for analysis in Elko, Nevada. This includes 10 Certified Reference Standards.

What is the current resource estimate for GMV Minerals' (GMVMF) Mexican Hat Property?

GMV Minerals' NI 43-101 resource estimate for the Mexican Hat Property is an inferred resource of 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.

When did GMV Minerals (GMVMF) acquire claims in Lander County, Nevada?

According to the press release, GMV Minerals acquired a total of 165 lode claims covering 3,408 acres in Lander County, Nevada in 2023. These claims are being explored for uranium and lithium potential.

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