VANCOUVER, May 3, 2012 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V: GMV) today announces that it has mobilized working crews onto its large prospecting license titled A-16 which is directly adjacent to Guyana Goldfields Inc.'s (TSX: GUY) Aurora resource claims in Guyana and is locally referred to as "Aurora Back".
Access is provided through a number of old mining roads leading back into this area. In addition, GMV has numerous medium scale properties which provide access through the block continuing south, east and west towards Sandspring Resources Ltd.'s (TSXv: SSP) deposit. The A-16 block has been well defined by GMV's airborne and follow up geophysics survey [see Press Release dated March 1, 2012] as having excellent potential for mineralization. Historically there have been numerous alluvial operations on A-16. The GGMC (Guyana Geology & Mines Commission) database establishes anomalous gold samples reported as far back as 1961. Currently the area claims have active alluvial mining with many land dredges operating nearby.
The Company has recently engaged two additional seasoned geologists to conduct exploration activities which include mapping, sampling, trenching and, if deemed appropriate, a drill program will follow. The block is currently being geochemically sampled at 50-meter intervals on lines spaced 100 meters apart N-S. The tightly spaced geochemical grid is due to the high gold potential of the area. The high gold potential is not only due to the proximity to the Aurora resources but the north-west and north-east trending geophysical anomalies that extend from the mineralized Aurora system onto the claims as defined by the airborne geophysics.
Assay data from three drill holes is pending as well as data from several geochemical grids on properties in the Puruni area. Once received the Company will issue the results in due course.
This news release has been prepared and approved by Robert (Bob) Lunceford, a geologist with more than 25 years of 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 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.
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