GMV Minerals begins drilling at Mexican Hat

Nov 18, 2016

GMV MINERALS INC. COMMENCES DRILL PROGRAM

GMV Minerals Inc.’s drill program is under way at its Mexican Hat gold property in southeastern Arizona. The company’s 14-hole reverse circulation drilling program is specifically designed to expand mineral resources to the west, east and south of the existing Mexican Hat gold resource. The drill program will test along strike of the known mineralization and to the southeast where a previous operator identified significant gold mineralization. The program will also test down to a depth of 300 m per hole to explore mineralization below historical drilling of 200 m from surface.

In addition, the company reports that its run-of-mine (ROM) testing in a large column leach is still recovering economically significant gold after 119 days under leach. At the recommendation of John Fox, PEng, our consulting metallurgist, and in discussion with the Dr. Alice Shi at Bureau Veritas, GMV will continue to leach this material until no further significant gold values are recovered. Ian Klassen, GMV’s chief executive officer, commented: “Upon concluding the bulk sample leach test, the remaining rock in the test will be assayed to confirm the reconciled head grades and subsequently the exact percentage of recovery. We eagerly await those results.”

The company will issue updates on its geochemical and geophysical surveys when they are complete.

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