VANCOUVER, Sept. 22, 2011 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX‑V: GMV) is pleased to announce that
drilling in Guyana has returned to near normal operating conditions.
The Company is drilling on the Zev showing and is completing a grid
over the area of the previously announced well-defined geophysical
anomaly. The spine of the grid runs down the resistive unit and the
grid lines cross the anomaly. The Company has now completed
approximately 2000 meters of drilling.
The Company is currently drilling its 9th and 10th hole and is generally running two shifts on a 24/7 basis. On-site
geologists indicate that the drill core on holes 3, 5 and 8 contain
very siliceous, brecciated greenstone (sediments and volcanics) with up
to 2-5% sulfides. There is visual confirmation of pyrite and
arsenopyrite within this targeted horizon and Company geologists have
identified possible microscopic free gold contained within several core
intervals. However, this must be confirmed by fire assay determination
and results are pending. The Company has completed sufficient holes
penetrating this horizon to confirm the presence of mineralization.
Upon viewing the drill core, Mr. William Woolford, recently retired
Commissioner of the Guyana Geology and Mines Commission (GGMC), stated
"The drill core presently encountered is similar in occurrence to the
mineralization at other gold rich deposits in Guyana". Hole 8 was
completed to 372 metres. The zones of primary interest were intersected
in several bands with increased silicification and sulphides over 20 -
40+ meters thick. Well bedded sedimentary units with low angle quartz
veins containing variable amounts of sulfides were encountered between
the silicified intervals. Also veining with large, open-space, vuggy
texture was encountered. Assays are pending, however previous assay
results have taken up to 3 months to return partial results. This
assay turnaround time is now expected to decrease significantly due to
increased lab capacity at Acme Analytical (Laboratories) Guyana Inc. in
Georgetown. Check sample pulps are also being shipped to a second
The Company intends to announce further details concerning exploration
and results pertaining to its vast airborne geophysical survey shortly.
This news release has been reviewed and approved by Robert Lunceford,
MSc. 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