GMV Minerals Inc. announces further details on its recently acquired RHG property



    
    /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
    NEWSWIRE SERVICES/
    

    VANCOUVER, Oct. 23 /CNW/ - GMV Minerals Inc. (the "Company") (TSX-V:GMV)
is pleased to announce further details surrounding its recently announced
acquisition of an option to earn up to a 75% interest in the RHG property.
    The property is located 110 kilometres southwest of Dease Lake, BC, with
the former Golden Bear Mine (Muddy Lake) road passing 7 kilometres north of
the claims. The property is host to four known mineral occurrences, documented
in the MINFILE database as; 104G-178 - TAHL, now known as the RHG showing, and
three nearby showings, 104G-081, 082 and 083, the VB-20, VB-5 and VB-12
respectively, now referred to as the Homestake showings. The initial work on
these showings was done in the late 1980's to early 1990's with virtually
nothing done since then. The RHG showing was discovered by Kestrel Resources
Ltd. in 1989 where 13 rock samples were collected. A follow-up work program
was completed in 1990 where 203 rock, 192 soil and 18 pan concentrate samples
were collected. Of these samples 127 rock and 30 soils were collected from
around the RHG showing, the balance of the samples were from other areas of
the property as it existed at that time. The results of these programs by
Kestrel are found in Assessment Reports 19912 and 21538 respectively.
    The Homestake showings were also discovered in 1989 and that work is
detailed in Assessment Reports 19063 and 20149. A follow-up program of soil
geochemistry is detailed in Assessment Report 21320. GMV Minerals has relied
upon the information contained in these report and has no reason to believe
the information contained therein is misleading. The exploration work and
analytical procedures were in accordance with industry accepted practices at
the time of the work.
    The initial work on these Homestake showings was done in the late 1980's
to early 1990's by and is summarized in two reports by D.E. Marud (1989, 1990)
and P. Southam (1991). The initial work on the RHG showing by Kestrel
Resources is summarized in two reports by B. Chase (1989) and S.J. Tennant
(1991). Very limited further exploration work on RHG has taken place since
that time. Accordingly, the following statements as to potential quantity and
grade are conceptual in nature only, and there has been insufficient
exploration to define a mineral resource. It is uncertain if further
exploration will result in RHG being delineated as a mineral resource.
    The target at the RHG showing is a vein/skarn complex at the sheared
contact between a limestone unit (within an assemblage of volcanic and
sedimentary rocks) and a diorite intrusion. The zone was mapped and sampled in
1989-1990 where the shear was determined to be up to 5 metres wide with gouge
containing silicification and quartz veining hosting blebs of chalcopyrite,
bornite and covellite. The shear is enveloped by skarn assemblages including
garnet skarn, garnet-epidote skarn and epidote skarn. Twenty-four 2.0 and
3.0 metre channel samples across the shear zone assayed from 0.022% copper to
13.30% copper, only two samples reported less than 0.1% copper. Silver ranged
from less than 0.1 g/t to 214.6 g/t and gold ranged from below detection limit
to 5.9 g/t. A select high-grade grab sample assayed 30.6% copper, 178g/t
silver and 6.1g/t gold. (Note: values from the previous reports expressed in
ppm for copper and oz/short ton for gold and silver have been converted to %
and g/t for ease of comparison)
    The Homestake showings are underlain by Upper Triassic succession of
siliceous sediments, including limestone, which have been intruded by
hornblende diorite to granodiorite of Jurassic/Cretaceous age. Skarn is
developed where the limestone is cut by the intrusive and hosts sulphide rich
zones containing magnetite, pyrite and chalcopyrite with malachite and azurite
staining. These zones are typically 1-2 metres wide and in places are up to
5 metres wide. Results were varied, the better grab samples ranged from
0.18 g/t gold to 2.8 g/t gold, 5.3 g/t silver to 59.0 g/t silver and 0.66% to
2.64% copper. Three old trenches were located and grab sampled, results ranged
from less than 0.005 g/t gold to 1.06 g/t gold, 0.2-18.5 g/t silver and
0.02%copper to 2.01% copper. (Note: values from the previous reports expressed
in ppm for copper and oz/short ton for gold and silver have been converted to
% and g/t for ease of comparison)
    Neither showing has been drill tested. The most recent program was
completed in 2005 by Red Tusk Resources Ltd. and included soil sampling and 3D
IP surveying. The soil geochemistry outlined five areas reporting anomalous
copper values in the 150-400 ppm copper range. These samples are from atop a
plateau above the actual RHG showing, which is difficult to access in a
steeply incised creek. The 3D IP survey outlined a broad chargeability anomaly
in the central potion of the grid and a stronger conductor on the western
portion of the grid. The western anomaly is underlain by pyrite-bearing
volcanic breccias, the central anomaly is underlain by both sedimentary and
volcanic rocks cut by feldspar porphyry dykes. Red Tusk did not complete any
work on the Homestake showings.
    The Company plans to drill test the RHG showing with 1 or 2 holes before
the onset of winter conditions to aid in planning the 2009 exploration
program.

    
    About GMV Minerals Inc.
    -----------------------
    
    GMV Minerals Inc. is a mineral exploration company focused primarily on
epithermal style gold and silver projects in central British Columbia. GMV
Minerals has amassed a sizeable land position upon which it has completed an
extensive amount of work to date. Recent exploration programs conducted on the
100% owned Nechako claims has successfully identified several corresponding
conductivity and related resistivity geophysical anomalies located at depth
which display the characteristics of an epithermal style mineralized body.

    
    ON BEHALF OF THE BOARD OF DIRECTORS

    -----------------------------------
    Alistair MacLennan, President

    The TSX Venture Exchange Inc. has in no way passed upon the merits of the
    proposed transaction and has neither approved nor disapproved the
    contents of this press release.

           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.
    





For further information:

For further information: GMV Minerals Inc., Ian Klassen, Director, Tel:
(604) 899-0106, www.gmvminerals.com, Email: klassen@gmvminerals.com

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