GMV Minerals Inc. Receives Approval for Two Additional Permits at the Mexican Hat Gold Property, Arizona
GMV has acquired a 100% interest in Permit No.’s 08-118167 & 08-118106 covering Township 19 South, Range 25 East, (Sections 10 and 3). The Company has also received approval from State regulators concerning its previously submitted Exploration Plan(s) of Operation for the new permits. The two exploration permits are located adjacent to the Victor Claims to the east. The favourable Tertiary volcanic rocks and structures that host the mineralization currently being assessed by the Company are projected onto these licenses. The Company’s ASLD permit portfolio is now approximately 1,845 acres.
In addition, the Company announces that, subject to regulatory approval, it has granted incentive stock options to certain directors, officers, and consultants to purchase up to an aggregate of 340,000 common shares exercisable on or before November 12, 2020 at a price of $0.10 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Ian Klassen, President
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For further information please contact:
GMV Minerals Inc.
Tel: (604) 899-0106
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This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.
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