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About Us

GMV Minerals Inc. is a junior gold development company focused on the Mexican Hat project, located in southeast Arizona (100% interest). The Mexican Hat property, one of the most promising gold development opportunities in the western USA, is an epithermal gold deposit extensively explored by Placer Dome (USA) in the early 1990’s. Mexican Hat contains an Inferred Mineral Resource of 688,000 ounces of gold (36,733,000 tonnes grading 0.58 g/t Au). Mineralization is open in all directions and at depth.

Investment Highlights

- High-Quality Gold Asset: Focused on developing the 100% owned Mexican Hat Gold Project in S.E. Arizona 2. Positive

- Preliminary Economic Assessment: November 2020: Reports 10 -year mine life, low CAPEX & very attractive NPV 3.

- Developing Ounces -in -the -Ground: Mexican Hat: USD$153 million, US$150.6 NPV@5% from 52,520 oz/yr for 10 years (Pre Tax and at USD$1,600 oz/year price)

- Project Advancement:

  • Expansion Drilling Q1/Q2 2021: 12 drill hole program, 2 holes to the North & 10 holes to the South East
  • Conversion Drilling Q3/Q4 2021: (Inferred to M&I) 30 -35 drill hole program including 7,000 metres of drilling to twin holes previously explored by Placer Dome 5

- Experienced Team: Combined exploration, mine development, permitting, operating, and capital markets experience

- Safe, Mining Friendly Jurisdiction: Arizona is a mining-friendly jurisdiction and the 3rd most prolific mining state in the US, generating over 40,000 jobs for the State

Preliminary Economic Assessment Highlights (November 2020)

  • Current mine life of 10-years with a 1-year pre-production period – OPEN TO EXPANSION
  • Life of mine (LOM) head grade of 0.58 g/t gold
  • Low LOM Strip Ratio of 1.87
  • Average Annual Gold Production of 52,250 ounces
  • Base case: $1600/gold
  • Pre tax IRR—39.4% Payback —2.8 years
  • Pre tax NPV (-5% discounted): $153 million
  • Capex: $67M (including $12m contingency)
  • AISC: $1035/oz of gold recovered

** The base case assumes a gold price of US$1,600 per ounce (oz). All figures are stated in U.S. Dollars ($). All tonnages are metric tonnes. Precious metal grades are in grams per metric tonne (g/t).

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