|November 08, 2011|
GMV Minerals Inc. Discovers 5 New Geophysical Targets Zones in Five Star-Matthews Ridge Area, Guyana
|VANCOUVER, BC, November 8, 2011 -- GMV Minerals Inc. (the "Company" or "GMV") (TSX V: GMV) is pleased to announce that it has received further detailed airborne magnetic and gamma-ray spectrometry survey data. The new data covers GMV's Five Star-Mathews Ridge claims in the north west region of Guyana. |
The airborne survey was comprised of 10,850 line-kilometres of magnetics and gamma-ray spectrometry acquired on north-south traverses tied by east-west control lines on a 200 x 2,000 m grid pattern. Enhancement filters applied to the magnetic grid have highlighted a number of dominant structural orientations and trends. Definite 'breaks' in the predominate NE fabric are shown by the magnetics and identified as target Areas of Interest. These cross-trends provide potential for significant fracturing and mobilization of mineralized fluids.
Five discrete zones of 'structural complexity' were identified from the magnetic analysis as occurring on GMV ground. The most prospective areas are those where inferred structural complexity occurs adjacent to the regions of magnetic discontinuity which themselves are indicative of regional shear zones. Gold mineralization is known to occur near major crustal breaks manifesting as large-scale shear zones, which act as conduits for mineralizing fluids. Mineralization often occurs in regions of structural complexity adjacent to shear zones such as those found. The known mineralization of the area appears to correlate to higher gamma-ray spectrometer counts generally, and higher potassium specifically. Extensions of these high zones are noted to extend onto GMV ground and therefore present themselves as promising areas for further investigation.
A program of geological prospecting, geochemical sampling and ground geophysics consisting of detailed magnetics and 3D induced polarization / resistivity is recommended to further delineate the conductive zones and possible identify disseminated sulphides which in turn could indicate anomalous Au mineralization.
This news release has been reviewed and approved by Christopher (Kit) Campbell, P. Geo., a Qualified Person in accordance with National Instrument 43-101 -- Standards for Disclosure for Mineral Projects.
About GMV Minerals Inc.
GMV Minerals Inc. is a junior exploration company focused on the discovery of gold assets in Guyana, South America where it holds mineral rights to nearly 1000 sq. miles. The Company is conducting a variety of advanced exploration programs during 2011.
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 or has in any way passed upon the merits of the transaction and has neither approved nor disproved the contents of this press release.
This news release contains forward-looking statements. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. 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 "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf except in accordance with applicable securities laws.
For further information please contact:
GMV Minerals Inc.
Tel: (604) 899-0106
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