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GMV Minerals Inc
Summary
| Project: | Mexican Hat | |
|---|---|---|
| Deposit: | Mexican Hat | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-8-2019: GMV Minerals Inc announces an Exploration/Drilling Update report for its Mexican Hat deposit at the Mexican Hat project. Drilling results incl. 18m @ 1.237g/t Au from 201m. VANCOUVER, BC, AUGUST 7, 2019– GMV Minerals Inc. (the “Company” or “GMV” | |
| Resources: | (Resource, Inf.): 32.876Mt @ 0.616g/t Au for 651000oz Au contained at Mexican Hat | |
| CP/QP: | [Overall Report]: D.R. Webb (Not stated) | |
| ABSTRACT: | VANCOUVER, BC, AUGUST 7, 2019– GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V: GMV) is pleased to announce that the Company has now completed its current eleven hole drill program at its 100% controlled Mexican Hat gold deposit located in SE Arizona. The 2019 spring drill program focused specifically on drill testing areas within the pit model produced by IMC (Independent Mining Consultants, Inc.) in the autumn of 2018. Due to the absence of drill holes in certain areas of the proposed pit, these areas were classified as waste tonnage and GMV’s management determined that this assumption should be tested. The drill results of the first five holes are tabled below. Hole 19-7 intersected no significant values and therefore was not included in the chart. All mineralized intercepts will be used in the next resource estimate and should convert the former waste blocks into a mineral resource currently contained within the pit model (December 2018 PEA). Management is optimistic that this phase of drilling will add to its mineral resource. The Mexican Hat economic model uses a 0.2 g/t gold cutoff. All blanks and standards have returned acceptable results. | |
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