VANCOUVER, Sept. 27, 2011 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSXV: GMV) is pleased to announce that it has
received a detailed interpretation of its airborne geophysics on the
Puruni-Mara block in Guyana. Final magnetics confirms the presence of
a NW-SE linear which is interpreted to have intersected and offset the
principal arcuate NE-E trending 'Puruni shear zone'. This local NW-SE
linear overlays previous artisanal working and promising ground surveys
conducted in the past year; it underpins the current focus of
drilling. Final map and radiometric deliverables from the airborne
contractor are due very shortly.
This magnetic linear extends approximately 3.25 kilometres with an
extension comprising another 5 kilometre element to the northwest.
Both elements are located within GMV Minerals' claim blocks. Based
upon Guyana Geology & Mines Commission ("GGMC") mapping the structures
occur in Lower Palaeozoic greenstones. A notable NE-trending
linear/fault is interpreted to intersect and disrupt the Puruni shear
zone just northwest of the current drilling program, and will comprise
the second area of investigation to be followed up in the current work
The geophysical interpretation of the entire Puruni-Mara block includes
analysis of the structural complexity based on aeromagnetics; this
analysis has identified an additional 10 target areas in which
significant structural disruption occurs adjacent to the dominant and
regional Puruni shear zone. Each newly identified structure covers a
distance of 2-5 kilometres. Known mineralization at both Peter's Mine
and Million Mountain have provided an excellent correlation of the
analysis' results. These new discovery target areas are a priority and
will be aggressively explored in 2011/2012.
In summary the NW-SE feature currently being drilled is a relatively
minor structure but one which is typical of the structural controls
directly associated with known Au mineralization in Guyana. The
feature intersects and offsets the more regional Puruni Shear Zone; it
is this intersection/offsetting characteristic in addition to the
presence of artisanal gold workings which indicates its exploration
significance. A 3D IP survey previously reported, followed by the
current drilling program which confirms the presence of 2%-5% sulphides
in situ, supports the conclusion that this target area is similar to other Guyana
gold deposits. Gold deposits within the northern Guiana Shield are
characterized by strong structural control; most are spatially
associated with regional shear zones. Typically, the trend of major
shears is not mineralized, whereas the gold prospects are localized at
intersections of cross-structures and/or oblique or conjugate
structures which modify or offset the main, regional trends. Douglas
Perkins, GMV's Vice President, Exploration remarked "This survey has
identified plenty of these cross cutting structures which are known to
be gold bearing. I like what I see here as we have a plethora of
Interpretation of airborne magnetics and gamma-ray spectrometry is
on-going on the Aurora, Oko and Five Star - Matthews Ridge blocks;
results are expected in the next few weeks.
This news release has been reviewed and approved by Christopher (Kit)
Campbell, P. Geo., a Qualified Person under NI 43-101.
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 1000 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