The newly filed claim application covers land that is located directly adjacent to the east of the mineralization and resources on the Company’s Victor Claims (reported March 2, 2015). The favorable rocks and structures are trending towards these lands and they are believed to be very prospective.
Also, subject to TSX Venture Exchange approval, the Company has granted incentive stock options to certain directors, officers, and consultants to purchase up to an aggregate of 420,000 common shares exercisable on or before March 2, 2020 at a price of $0.15 per share.
Dr. D.R. Webb, B.A.Sc. (Engineering), M.Sc. Ph.D., P.Geo. is a qualified person within the meaning of NI #43-101. Dr. Webb has reviewed and is responsible for the technical details of this release.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980’s to early 1990’s. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production.
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