GMV Minerals Inc. Commences Drilling at Daisy Creek Project in Lander County, Nevada

Rhea-AI Summary

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.

Positive

• Commencement of drilling at the Daisy Creek lithium/uranium project
• Engagement of experienced drilling contractor Harris Exploration
• Initial drill program of ~3500 feet targeting prospective lithium areas
• Diversified portfolio with gold project in Arizona and lithium claims in Nevada
• Inferred resource of 688,000 ounces of gold at Mexican Hat Property

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / September 10, 2024 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that it has commenced drilling at its Daisy Creek lithium/uranium project in Lander County, Nevada. The Company has engaged Nevada-based Harris Exploration Drilling and Associates Inc. to commence its initial drill program at the Daisy Creek project. Harris Exploration has decades of successful drill exploration experience spanning across the Americas on all types of projects.

Ian Klassen, President, remarked "We are pleased to be drill testing the Daisy Creek project and to be doing so with Harris Exploration, a highly reputable and experienced company that is very familiar with this type of geology". The Company's initial reverse circulation drill program will be approximately six holes from six different set ups totaling ~3500 feet. The program is designed to test the most prospective lithium targets as defined by the most recent geophysical, field work and historical information.

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.

About GMV Minerals Inc.

GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. The Company's NI 43-101 resource estimate (Inferred) is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold. In 2023, GMV acquired a total of 165 lode claims covering 3,408 acres in Lander County, Nevada where it is exploring highly prospective claims for lithium.

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". 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. 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 accesswire.com

FAQ

What is GMV Minerals' stock symbol on the OTCQB?

GMV Minerals' stock symbol on the OTCQB is GMVMF.

How many holes are planned for GMV Minerals' initial drill program at Daisy Creek?

GMV Minerals plans to drill approximately six holes from six different setups, totaling ~3500 feet in their initial drill program at Daisy Creek.

Where is GMV Minerals' Daisy Creek project located?

GMV Minerals' Daisy Creek project is located in Lander County, Nevada.

What is the inferred resource estimate for GMV Minerals' Mexican Hat Property?

The inferred resource estimate for GMV Minerals' Mexican Hat Property is 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.

How many lode claims did GMV Minerals acquire in Lander County, Nevada in 2023?

In 2023, GMV Minerals acquired a total of 165 lode claims covering 3,408 acres in Lander County, Nevada.