VANCOUVER, BC, February 26, 2016 - GMV Minerals Inc. (the “Company” or “GMV”) (TSX V: GMV) announces that its NI 43-101 report entitled “Technical Report on a Geological Assessment of the Mexican Hat Property, Cochise County, Arizona, USA” was recently reviewed as part of a routine BCSC Technical Disclosure Review.
The result of which requested additional disclosure regarding the determination of the cut-off grade, a less descriptive and more succinct reporting of the validation of the block model, as well as two other minor changes. There is no change in the mineral resource, and no material changes in the report. The revised report will be refiled with the same results, conclusions and effective date, annotated as revised February 26, 2016.
Dr. D.R. Webb, B.A.Sc. (Engineering), M.Sc. Ph.D., P.Geo. and Mr. Brian Malahoff, P. Geo., are both qualified persons within the meaning of NI #43-101. Both have reviewed and are 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.