|March 01, 2012|
GMV Minerals Inc. Resumes Drilling in Guyana
|VANCOUVER, BC, March 1, 2012 - GMV Minerals Inc. (the "Company" or "GMV") (TSX V: GMV) today announces that drilling has commenced on new targets defined by the recent geophysical survey [see Press Release dated February 7, 2012]. The first planned drill hole is currently at 245 meters and has intercepted an acidic intrusive similar to other intrusive rocks associated with gold mineralization at other important deposits in Guyana such as Omai (3.8M ozs Au production through 2006). The intrusive is in sharp contact with a sedimentary horizon which is considered to be a good host for gold mineralization. The first core samples have been received at Acme Labs processing facility in Georgetown. A second drill pad and access road has been completed. Assays from samples just submitted from the current drill hole are expected to be reported more expeditiously than last year and the results will be announced once they have been received and reviewed by management. |
Drilling is planned to examine both north and south extensions of the late 2011 drill grid on targets that were outlined by the recent geophysical survey. The first hole is centered on a resistivity high/low contact centered over a 200m-wide chargeability high southwest of the original grid. This hole was planned but never completed last year and the recent survey reinforces the importance of a drill test at this location. The second planned hole is northeast of the grid centered on a chargeability high, and will extend at depth into a high/low resistivity contact. The contrast in the chargeability response may indicate a significant rock type change with more intense silicification, associated with gold mineralization in the Guiana Shield of northeastern South America.
This news release has been prepared and approved by Robert (Bob) Lunceford, a geologist with more than 25 years of experience and a Qualified Person as defined under NI #43-101.
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 900 sq. miles. The Company is conducting a variety of advanced exploration programs during 2012.
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.
For further information please contact:
GMV Minerals Inc.
Tel: (604) 899-0106
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