Gmv Minerals Stock Price, News & Analysis

GMV Minerals Inc (TSXV:GMV)(OTCQB:GMVMF) has announced plans to extend the expiry date of 10,009,864 outstanding unlisted common share purchase warrants to June 8, 2026, pending TSX Venture Exchange approval. The warrants, currently exercisable at $0.22 per share, were initially issued during a non-brokered unit private placement in June 2023.

The company owns 100% of the Mexican Hat Property in Cochise County, Arizona, through its subsidiary. This precious metal asset, previously explored by Placer Dome in the late 1980s to early 1990s, has an NI 43-101 inferred resource estimate of 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold. GMV aims to develop the asset for near-term gold production.

GMV Minerals Inc. has announced preliminary drilling results from its Daisy Creek Project in Nevada. The southern-most hole, DC24-1, revealed three claystone horizons totaling 48.7m of lithium enrichment with values exceeding 1,000 ppm, starting at 76.2m depth. The results show thickening claystone horizons and increasing grades towards the south. The drill holes are separated by 300 to 1,000m, suggesting potential for substantial tonnage estimates. The values surpass the cut-off grade for most claystone projects in Nevada and are comparable to feasibility-stage projects in Clayton Valley.

GMV Minerals Inc. has completed its initial drill program on the Daisy Project in Lander County, Nevada. The company drilled five targets with 643m of RC and tricone drilling, intercepting various claystone horizons and claystone with felsic ash to lapilli tuffs. Abundant alteration was noted in some drill holes with both oxidized and sulphide-bearing horizons observed.

A total of 221 samples have been submitted to ALS Global for analysis, including 10 Certified Reference Standards. Results will be released once received and checked. No lost time accidents occurred, and all disturbed sites were graded and reseeded.

GMV Minerals is focused on developing precious metal assets in Arizona and Nevada. The company has a 100% interest in the Mexican Hat Property in Arizona, with an NI 43-101 inferred resource estimate of 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.

GMV Minerals Inc. (TSXV:GMV)(OTCQB:GMVMF) has commenced drilling at its Daisy Creek lithium/uranium project in Lander County, Nevada. The company has engaged Harris Exploration Drilling and Associates Inc. to conduct the initial drill program. The program will consist of approximately six holes from six different setups, totaling ~3500 feet. It aims to test the most prospective lithium targets defined by recent geophysical work, field studies, and historical information.

GMV Minerals is a publicly traded exploration company focused on developing precious metal assets in Arizona and Nevada. The company owns the Mexican Hat Property in Arizona, with an inferred resource of 688,000 ounces of gold. In 2023, GMV acquired 165 lode claims covering 3,408 acres in Lander County, Nevada for lithium exploration.

GMV Minerals Inc. (TSXV:GMV)(OTCQB:GMVMF) has provided an update on its Mexican Hat gold project in SE Arizona and its Daisy Creek project in Nevada. The company's PEA for Mexican Hat reports an Inferred Mineral Resource of 688,000 ounces of gold, with a potential 10-year mine life recovering 525,000 ounces. GMV plans to conduct a diamond drill program to upgrade the resource classification and gather geotechnical data. For the Daisy Creek project, GMV has received approval for its Notice of Intent from the BLM and plans to proceed with a 6-hole drill program to test for lithium claystone mineralization.

GMV Minerals Inc. has filed a Notice of Intent to drill Daisy Creek Project in Nevada and has applied to extend the expiry date for 4,500,000 common share purchase warrants. The company is targeting to drill in June/July 2024 and is focused on developing precious metal assets in Arizona.