GMV Minerals Inc. Intersects Two Thick Lithium Claystone Horizons Testing 1,250 Hectares at Daisy Creek Project in Lander County, Nevada
GMV Minerals Inc. has announced preliminary drilling results from its Daisy Creek Project in Nevada. The southern-most hole, DC24-1, revealed three claystone horizons totaling 48.7m of lithium enrichment with values exceeding 1,000 ppm, starting at 76.2m depth. The results show thickening claystone horizons and increasing grades towards the south. The drill holes are separated by 300 to 1,000m, suggesting potential for substantial tonnage estimates. The values surpass the cut-off grade for most claystone projects in Nevada and are comparable to feasibility-stage projects in Clayton Valley.
GMV Minerals Inc. ha annunciato i risultati preliminari delle perforazioni del suo progetto Daisy Creek in Nevada. L'foro più a sud, DC24-1, ha rivelato tre orizzonti di argillite che totalizzano 48,7 metri di arricchimento di litio con valori superiori a 1.000 ppm, a partire da una profondità di 76,2 metri. I risultati mostrano un ispessimento degli orizzonti di argillite e un aumento dei gradi verso sud. I fori di perforazione sono separati da 300 a 1.000 metri, suggerendo un potenziale per stime di tonnellaggio sostanziali. I valori superano il grado di taglio per la maggior parte dei progetti di argillite in Nevada e sono comparabili ai progetti in fase di fattibilità nella Clayton Valley.
GMV Minerals Inc. ha anunciado resultados de perforación preliminares de su proyecto Daisy Creek en Nevada. El agujero más al sur, DC24-1, reveló tres horizontes de arcillita que totalizan 48.7 m de enriquecimiento de litio, con valores que superan los 1,000 ppm, comenzando a una profundidad de 76.2 m. Los resultados muestran horizontes de arcillita que se espesan y grados en aumento hacia el sur. Los agujeros de perforación están separados por 300 a 1,000 m, lo que sugiere un potencial para estimaciones de tonelaje sustanciales. Los valores superan el grado de corte para la mayoría de los proyectos de arcillita en Nevada y son comparables a proyectos en etapa de viabilidad en Clayton Valley.
GMV Minerals Inc.는 네바다의 Daisy Creek 프로젝트에서 초기 탐사 결과를 발표했습니다. 가장 남쪽에 위치한 구멍인 DC24-1은 76.2m 깊이에서 시작하여 1,000 ppm을 초과하는 리튬 농축물 48.7m에 해당하는 세 개의 점토암 수평대를 드러냈습니다. 결과는 남쪽으로 갈수록 두꺼워지는 점토암 수평대와 증가하는 등급을 보여줍니다. 시추 구멍은 300m에서 1,000m 간격으로 떨어져 있어 상당한 중량 추정치의 가능성을 시사합니다. 이 값은 네바다의 대부분 점토암 프로젝트의 컷오프 등급을 초과하며, 클레이턴 밸리의 타당성 단계 프로젝트와 비교할 수 있습니다.
GMV Minerals Inc. a annoncé des résultats préliminaires de forage de son projet Daisy Creek au Nevada. Le forage le plus au sud, DC24-1, a révélé trois horizons d'argile totalisant 48,7 m d'enrichissement en lithium, avec des valeurs dépassant 1 000 ppm, à partir d'une profondeur de 76,2 m. Les résultats montrent un épaississement des horizons d'argile et des teneurs croissantes vers le sud. Les trous de forage sont séparés de 300 à 1 000 m, ce qui suggère un potentiel pour des estimations de tonnage substantielles. Les valeurs dépassent la norme de coupure pour la plupart des projets d'argile au Nevada et sont comparables aux projets en phase de faisabilité dans la vallée de Clayton.
GMV Minerals Inc. hat vorläufige Bohrergebnisse aus seinem Daisy Creek-Projekt in Nevada bekannt gegeben. Das südlichste Loch, DC24-1, zeigte drei Tonsteinschichten mit insgesamt 48,7 m Lithium-Anreicherung, wobei Werte von über 1.000 ppm ab einer Tiefe von 76,2 m festgestellt wurden. Die Ergebnisse zeigen, dass die Tonsteinschichten dicker werden und die Gehalte gen Süden steigen. Die Bohrlöcher sind 300 bis 1.000 m voneinander entfernt, was auf ein Potenzial für erhebliche Tonnenabschätzungen hindeutet. Die Werte übersteigen die Grenzwerte für die meisten Tonsteinprojekte in Nevada und sind vergleichbar mit Projekten in der Machbarkeitsphase im Clayton Valley.
- DC24-1 hole intersected significant lithium mineralization with values >1,000 ppm across 48.7m
- Drill results show increasing grade and thickness towards the south
- Wide spacing between drill holes (300-1,000m) suggests potential for substantial tonnage
- Lithium grades exceed typical cut-off grades for Nevada claystone projects
- DC24-5 showed no significant values
- DC24-4 was not drilled
VANCOUVER, BC / ACCESSWIRE / November 15, 2024 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that preliminary results from the four drill holes completed on the Daisy Property are very encouraging with a thickening in the claystone horizons and increasing in the grade towards the south. The southern-most hole, DC24-1 intersected three distinct claystone horizons totaling 48.7 m of lithium enrichment starting 76.2 m down hole.
All holes were 5.5-inch RC holes drilled vertically.
Drill Hole | From (m) | To (m) | Thickness (m) | Li (ppm) |
DC24-1 | 76.2 | 109.7 | 33.5 | 1,085 |
Incl | 85.3 | 109.7 | 24.4 | 1,125 |
And | 164.6 | 170.7 | 6.1 | 1,170 |
And | 189.0 | 198.1 | 9.1 | 1,004 |
DC24-2 | 39.6 | 45.7 | 6.1 | 942 |
And | 100.6 | 112.8 | 12.2 | 773 |
DC24-3 | 54.9 | 61 | 6.1 | 676 |
DC24-5 | No significant values | |||
DC24-4 was not drilled.
No significant uranium values were encountered.
Ian Klassen President states "We are very pleased with the results showing a thickening and increasing grade to the south on our
Company | Project | Tonnes (millions) | ppm Li |
American Lithium | TLC Project | 2052 | 809 |
Pan American Energy | Horizon Li | 2,800 | 669 |
Spearmint Resources | McGee | 470 | 830 |
Noram Lithium | Zeus | 586 | 957 |
RC samples were collected into premarked bags from 10' runs, collected and dried before transporting them to the independent certified ALS Global's laboratory in Elko Nevada. They were further dried, crushed and pulverized using CRU-31, SPL-21 and PUL-31 procedures. The pulps were then shipped to ALS Global's laboratory in North Vancouver and were processed using ME-MS41 aqua regia digestion and mass spectrometry analysis. Six Certified Reference Standards, CDN-Li1, were submitted, checked in re-runs with internal laboratory standards together with selected samples and returned acceptable results.
Figure 1. The image shows lithium and magnesium analyses down hole (meters) for the four drill holes completed, schematically distributed from the basin margin on the left to towards the deeper basin on the right.
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
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, 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.
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SOURCE: GMV Minerals, Inc.
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FAQ
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