VANCOUVER, Feb. 7, 2012 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V: GMV) today announced that its recently
completed ground geophysical survey has delineated several new targets
to be drilled during the first quarter of GMV's 2012 drilling program.
During January of this year, company technicians serviced two diamond
drills; all refitting will be completed by February 15th 2012. The access road and drill pad have been constructed for the first
2012 diamond drill hole location. In addition, the field camp is fully
operational and the Company is currently upgrading access roads
including survey and preparation for the second 2012 drill site.
Drilling on new targets identified in the recently completed geophysical
survey is planned to examine both north and south step-outs of the
original 2011 drill grid. The first hole is centered on a resistivity
high/low contact centered over a 200 m wide chargeability high
approximately 300 m to the south-west. The second planned drill hole is
located to the north-east on a 400 m step-out centered on a
chargeability high which extends at depth into a high/low contact
centered over a resistivity high. The chargeability high/low contact
may indicate a significant rock type change or fault and the high
resistivity suggests silicification indicative of a hydrothermal system
permissive for gold mineralization.
The Company also confirms that it has now received assays from the
balance of the initial drill holes completed in 2011. No significant
mineralization was encountered. Previous holes tested an extension of
the targeted horizon which is extensive but difficult to delineate
gold-rich horizons. Intense silica flooding of the drilled rock as
well as the presence of associated favourable silica-pyrite alteration
with elevated trace mineral values indicative of a hydrothermal system
was identified during the 2011 drill program, thereby validating ground
and airborne geophysical methods. The recently completed geophysical
survey has provided more detailed information on the original
geophysical anomaly, including extensions which are believed to be
prospective for gold mineralization.
A program of sampling and mapping is planned for other prioritized
targets on GMV properties and access to these locations is being
evaluated and will be upgraded or extended as necessary.
This news release has been prepared and approved by Robert (Bob)
Lunceford, a geologist with more than 25 years experience and a
Qualified Person as defined 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 is conducting a
variety of advanced exploration programs during 2012.
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