VANCOUVER, Feb. 7 /CNW/ - GMV Minerals is pleased to announce that it has received preliminary data pertaining
to its previously announced geophysical magnetic and radiometric
The airborne program is now almost complete across the Puruni survey
block where the Company holds an option to earn a 100% interest in a
significant number of claims.
The magnetic data shows sharp gradients which denote structural linears
(faults). The airborne gamma-ray spectrometry survey using twin crystal
packs has identified numerous potassium rich alteration targets where
the cross cutting linears correlate with anomalous gold geochemistry.
These targets have been further defined and supported by the Company's
previously announced 3D IP/Resistivity survey followed by inversion
modelling which strongly identifies sharp contrast between conductive
and non conductive zones.
Douglas Perkins, Sr. V.P., Exploration remarked "These preliminary
findings are exactly what we have been hoping for in Guyana. In
essence, our initial high priority drill targets have now been
identified through the recognition of linear anomalies, gamma-ray
spectrometry and the presence of fine grain sized alluvial production
on the claims."
The Company also wishes to announce that it has engaged Geotech Ltd. to
fly a further extension of its fixed wing survey over the Five
Star/Mathews Ridge group of claims representing a further 12,636 line
Lastly, the Company has been informed that its first of two recently
purchased diamond drill rigs (with supplies) is enroute to Georgetown,
Guyana and is due to arrive on Feb 21, 2011. The Company expects to
commence diamond drilling of its first targets in March, 2011.
The technical information disclosed in this press release has been
reviewed and verified by R.A. Lunceford, who is independent of the
Company and a "qualified person" (as such term is defined in NI
About GMV Minerals Inc.
GMV Minerals Inc. is a junior exploration company focused on the
discovery of gold assets in Guyana, South America where it holds
mineral rights to nearly 900 sq. miles. The Company is conducting a
variety of advanced exploration programs during 2011.
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.
SOURCE GMV Minerals Inc.
For further information:
GMV Minerals Inc.
Tel: (604) 899-0106