GMV Minerals Announces Drill Mobilization at the Mexican Hat Gold Deposit in S.E. Arizona
Rhea-AI Summary
GMV Minerals (OTCQB: GMVMF) has mobilized drills to its 100% owned Mexican Hat gold project in Cochise County, Arizona, with a fully funded 2026 program.
KP Exploration will drill ~30 holes (~7,000 m) over ~two months, primarily infill to confirm and upgrade an Inferred NI 43-101 resource of 36,733,000 tonnes at 0.58 g/t Au (688,000 oz) effective August 8, 2025.
AI-generated analysis. Not financial advice.
Positive
- Program 100% funded for the 2026 drill season
- Planned drilling: ~30 holes totaling ~7,000 meters
- Company holds 100% interest in Mexican Hat property
- NI 43-101 Inferred resource: 688,000 ounces gold
Negative
- Resource is entirely Inferred (no higher-confidence categories)
- Reported grade is low at 0.58 g/t Au, affecting economics
News Market Reaction – GMVMF
On the day this news was published, GMVMF declined 0.42%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / April 10, 2026 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) announces drill mobilization at its
KP Exploration Inc. of Cottonwood, Arizona has been engaged to drill approximately 30 holes totaling ~7000 meters of diamond drill core on the Company's Mexican Hat gold project. The Company expects the drilling program to commence within the next seven days and is expected to last approximately two months. The drilling program is primarily infill designed to confirm and upgrade the resource model from an Inferred Mineral Resource.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its
Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.
ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President
For further information please contact:
GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: Klassen@gmvminerals.com
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. 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 "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Forward-looking information contained in this news release include, but are not limited to, statements or information with respect to: the engagement of Machai, including the services to be provided and the grant of options to Machai, the anticipated drilling program on the Mexican Hat Project, including timing thereof, the results of the PEA, including the IRR and NPV, life of mine and production, capital expenditures, cost estimates; and the mine plan, future plans; mineral resources; and future gold prices. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. Assumptions upon which forward-looking information contained in this news release is based, without limitation, include: ability to obtain approval of the TSXV, the services to be provided by Machai, results of the drill program on the Mexican Hat Project and future exploration; gold prices; accuracy of the results of the PEA, including key assumptions and methods used to determine mineral resources and the results of the PEA; the ability to obtain required permits and approvals; the ability to execute future plans; exchange rates; ability to obtain funding; and changes in regulatory or community environment. Risks, and uncertainties include: results of further drilling and exploration; risks related to mineral tenure, permits and approvals; risks related to the execution of future plans; changes in gold price and exchange rates; risks related to obtaining financing; foreign country risks; regulatory risks and liabilities; and those risks and uncertainties as further described in the Company's filings with Canadian securities regulators which can be found on SEDAR+ at www.sedarplus.ca under the Company's profile. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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.
SOURCE: GMV Minerals, Inc.
View the original press release on ACCESS Newswire