VANCOUVER, Nov. 8, 2011 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V: GMV) is pleased to announce that it
has received further detailed airborne magnetic and gamma-ray
spectrometry survey data. The new data covers GMV's Five Star-Mathews
Ridge claims in the north west region of Guyana.
The airborne survey was comprised of 10,850 line-kilometres of magnetics
and gamma-ray spectrometry acquired on north-south traverses tied by
east-west control lines on a 200 x 2,000 m grid pattern. Enhancement
filters applied to the magnetic grid have highlighted a number of
dominant structural orientations and trends. Definite 'breaks' in the
predominate NE fabric are shown by the magnetics and identified as
target Areas of Interest. These cross-trends provide potential for
significant fracturing and mobilization of mineralized fluids.
Five discrete zones of 'structural complexity' were identified from the
magnetic analysis as occurring on GMV ground. The most prospective
areas are those where inferred structural complexity occurs adjacent to
the regions of magnetic discontinuity which themselves are indicative
of regional shear zones. Gold mineralization is known to occur near
major crustal breaks manifesting as large-scale shear zones, which act
as conduits for mineralizing fluids. Mineralization often occurs in
regions of structural complexity adjacent to shear zones such as those
found. The known mineralization of the area appears to correlate to
higher gamma-ray spectrometer counts generally, and higher potassium
specifically. Extensions of these high zones are noted to extend onto
GMV ground and therefore present themselves as promising areas for
A program of geological prospecting, geochemical sampling and ground
geophysics consisting of detailed magnetics and 3D induced polarization
/ resistivity is recommended to further delineate the conductive zones
and possible identify disseminated sulphides which in turn could
indicate anomalous Au mineralization.
This news release has been reviewed and approved by Christopher (Kit)
Campbell, P. Geo., a Qualified Person in accordance with National
Instrument 43-101 - Standards for Disclosure for Mineral Projects.
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.
This news release contains forward-looking statements. These statements
are based on information currently available to the Company and the
Company provides no assurance that actual results will meet
management's expectations. Forward-looking statements include estimates
and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "anticipates",
"believes", "could", "estimates", "expects", "may", "shall", "will", or
"would". Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results relating to, among
other things, results of exploration, project development, reclamation
and capital costs of the Company's mineral properties, and the
Company's financial condition and prospects, could differ materially
from those currently anticipated in such statements for many reasons
such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals;
litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments; technological and operational
difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is
not exhaustive of the factors that may affect any of the Company's
forward-looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to
update any forward-looking statement that may be made from time to time
by the Company or on its behalf except in accordance with applicable
SOURCE GMV Minerals Inc.
For further information:
GMV Minerals Inc.
Tel: (604) 899-0106