VANCOUVER, May 9 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V: GMV) is pleased to announce that it
has commenced its initial diamond drilling program in Guyana, South
The drill program will first test a gold target known as the ZEV
showing; this initial program will consist of 25 vertical holes
targeted each to a depth of 250-300 metres intersecting a strong,
well-defined geophysical anomaly. The ZEV showing will be drilled along
an east-west axis on approximately 200-metre hole spacing; its
north-south axis will also be drilled on 100 metre centres and is
planned to extend into the surrounding rock units. The first holes will
be centred on the strongest anomalous showings while follow-up holes
will infill in order to delineate the structure and adjacent altered
zones on the north and south sides. It is worth noting that the current
ground geophysical program continues to extend the anomaly currently
being drill planned.
The Company is further pleased to confirm that its ongoing airborne
magnetic and gamma-ray spectrometry survey is now 86% complete.
Preliminary data continues to be received and is being interpreted by
the Company and its consulting geophysicist. Several new areas of
interest have been identified and the Company will shortly mobilize its
ground geophysical crews to conduct 3D pole-dipole IP/Resistivity and
Magnetic surveys on these areas, most notably a second anomaly
identified by the airborne survey located to the southwest of the
present survey area. This area lays in a known gold producing area
bordering the Puruni River, one of the most productive alluvial gold
rivers in Guyana. Ground truthing will be centred over a north-east
trending structure indicative of a structural shear off the contact
with Main rock units.
This news release has been reviewed and approved by 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 1000 sq. miles. The Company currently has
approximately C$7.3M in treasury and 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.
SOURCE GMV Minerals Inc.
For further information:
GMV Minerals Inc.
Tel: (604) 899-0106