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GMV Minerals Inc
Summary
| Project: | Mexican Hat | |
|---|---|---|
| Deposit: | Mexican Hat | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2017: GMV Minerals Inc announces an Exploration/Drilling Update report for its Mexican Hat deposit at the Mexican Hat project. Drilling results incl. 18.3m @ 2.07g/t Au from 125.0m. VANCOUVER, BC, October 26, 2017 – GMV Minerals Inc. (the “Company” | |
| Resources: | (Resource, Inf.): 23.452Mt @ 0.7g/t Au for 531400oz Au contained | |
| CP/QP: | [Overall Report]: Dr D.R. Webb (Not stated) | |
| ABSTRACT: | VANCOUVER, BC, October 26, 2017 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV) is pleased to announce that it has received assay results from the six drill holes testing the eastern limits of the known extent of the Mexican Hat gold deposit yesterday. All drill holes intersected significant gold mineralization including 2.07 gpt gold over 18.3 m and 0.73 gpt gold over 18.3 m in MHRC 17-6. Drill hole MHRC 17-3 terminated in mineralization with the last 21.3 m of the hole returning 0.39 gpt gold. All drill holes reported here encountered multiple intercepts of hematized and/or limonitized volcanic rocks that are typically associated with gold mineralization. Samples were collected throughout the extent of the drilling and submitted to Bureau Veritas labs together with certified standards and blanks. The current NI #43-101 resource was calculated with a 0.2 gpt gold cut-off, so all assays that exceed the cut off are considered material and further support an open pit heap leach extraction model. | |
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