VANCOUVER, Dec. 15 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V: GMV) held its Annual General Meeting
in Vancouver, BC., on Friday, December 10, 2010. All management
proposed resolutions were passed at the Meeting. The following
directors were re-elected at the Meeting and at a subsequent board of
directors meeting, the following appointments were made:
Ian Klassen ~ Director, President & CEO
Alistair McLennan ~ Chairman, Member of the Audit Committee
Douglas Perkins ~ Director, Vice President, (Exploration) Member of the
David McMillan ~ Director, Chair of the Audit Committee
Alfro Alphonso ~ Director, GMV Guyana Resources Inc. (100% owned
Michele Pillon ~ Chief Financial Officer & Corporate Secretary
The Company has been working diligently to prepare for its upcoming
drill program set to commence in Q1 2011. The Company is pleased to
report that its previously announced airborne magnetic and gamma-ray
spectrometer survey is well underway. Daily production is anticipated
to average 800 km per standard flying day, with the initial 21,190 km
to be completed by mid-February 2011; the platform being utilized is a
specially-equipped Piper PA-31 Navajo twin-engine aircraft which allows
+7 hours of operation per flight, facilitating efficient operations on
the dispersed license blocks west and northwest from a base of
operations in Georgetown. The airborne survey is contracted through
Geotech Ltd., a full service contract airborne geophysical survey
company. In-house geophysical monitoring and on-going interpretation of
the airborne data is being provided by Christopher Campbell of Intrepid
Geophysics. The airborne geophysics is expected to greatly assist
geologic mapping, delineating both lithological contacts and structure,
as well as identifying anomalous alteration patterns.
Ongoing geologic mapping and surface sampling will follow-up selected
targets from the preliminary airborne results as well as investigating
known showings and previously identified anomalous gold areas; a
program of 3D induced polarization and resistivity to further develop
both sets of targets is currently advancing and is being conducted by
Arce Geofísicos. The initial focus of the ground-based geophysics
program, anticipated to eventually comprise 100 line-kilometres, will
be located on one of the highest-value, fine-grained gold producing
areas held by GMV Minerals Inc. This area lies along the Puruni shear
and is the source for ~70,000-90,000 ounces per annum of alluvial gold
Auger sampling will also be carried out prior to core drill testing.
Two Ingetrol manufactured diamond drills with 10,000 meters of expected
consumable drilling equipment has been purchased, assembled and is
expected to arrive in Guyana in mid January. In addition, two
specialized MJ 4X4 Bedford trucks with winches and one fitted with
crane are being refitted and are scheduled to arrive at roughly the
same time. They will be able to move the drills and equipment into the
initially planned drilling sites that have current alluvial mining
production and access.
The 2010 geophysics program is under the supervision of 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 900 sq. miles. The Company currently has
approximately C$8.5M in treasury and is conducting a variety of
advanced exploration programs during 2010/2011.
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: For further information:
GMV Minerals Inc.
Tel: (604) 899-0106