GMV Minerals Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 501 – 595 Howe Street
Vancouver, B.C.
Canada V6C 2T5
Tel No.: 604-899-0106
Web Site:
Contact Person: Ian Klassen
Position: President & CEO

Company Data

Traded Market: TSX-V
Traded Symbol: GMV
Outstanding Shares: 31,356,956
52 Week High: $ 0.70
52 Week Low: $ 0.08
Present Price: Click Here









GMV Minerals Inc. is a junior mineral exploration company focused on developing its 100% owned Mexican Hat Project, located in southeast Arizona. The Mexican Hat Property is an epithermal gold deposit, contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. 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.

Corporate Highlights

  • Initial inferred resource of 530,000 ounces of open pittable oxide gold (NI 43-101, February 2015)
  • 100% interest in Mexican Hat Gold Property located in mining-friendly Arizona
  • Open pit scenario suited to a low cost heap leach operation
  • Mineralization open in all directions and at depth – metallurgical results show impressive gold recoveries
  • Next phases of work: new target generation, drilling to expand resource
  • Run of Mine recoveries indicated, testing underway
  • 31.4 million shares outstanding (tightly held)

Projects in Hand

Mexican Hat Project, Cochise County, Arizona

GMV Minerals is focused on the development of the Mexican Hat property, located in southeast Arizona, GMV's management believes that the Mexican Hat has the potential to become an economically sustainable gold mine using a heap leach model of extraction.

Project Highlights:

  • Located in Cochise County, Arizona – 72 miles ESE of Tucson
  • Good access and close proximity to infrastructure
  • Company claims cover approximately 2,316 acres and form one of the most promising gold development opportunities in the western United States
  • GMV has a 100% interest
  • Extensive past exploration by Placer Dome (USA)
  • Over 180 drill holes from past programs (approx. 22,000 m)
  • Preliminary metallurgical studies demonstrate recoveries ranging from 88.4% to 96%
  • NI 43-101 Inferred resource of 531,400 ounces of gold
  • Cut-Off

    (Au g/t)






















  • Mineralization is open in all directions and at depth
  • The resource assumes an open pit scenario suited to a heap leach extraction process
  • 2015 Column Leach Metallurgical results reconfirmed gold recoveries of 96.6% and 91.6%

Current Exploration Highlights

  • 16 trenches were opened and continuously chip sampled using a mechanical chipping hammer
  • 567 chip and grab samples were collected and analyzed for gold plus selected trace elements
  • Four (2011) diamond drillholes were selected for re-logging and re-sampling
  • Bottle roll testing was initiated, confirmed and improved on previous work – 2.5 tonne bulk sample was excavated for metallurgical testing
  • Geological maps and structural analysis were confirmed and refined; Petrographic work completed
  • Solids were defined, constraining mineralization to specific domains
  • Geochemical and geophysical surveys underway
  • A new NI 43-101 Inferred Mineral Resource was developed, Feb. 2015

Next Steps


Commence development of Mining Plan of Operation

May – Nov

Conduct metallurgical bulk sampling


Gather baseline regional data


Conduct Geochemical & Geophysical Surveys

Oct – Dec

Conduct drill program to extend known areas of mineralization

Q1 2017

Commence Environmental Assessment (NEPA Process)

Q2 2017

Commence Preliminary Economic Assessment


File Mining Plan of Operation


  • Low market capitalization and tight share float
  • 100% interest in Mexican Hat Gold Property in a key, mining-friendly jurisdiction of the USA
  • Over half a million ounces of gold in an Inferred Resource
  • Discovery is open in all directions
  • Path to production:
    • Excellent metallurgical results
    • Low strip ratio
    • Low cost heap leach model
    • Regulatory approvals underway


Management and Directors

Ian Klassen, B.A. (Hons), President & CEO

Mr. Klassen has 25 years of experience in public company management, public relations, government affairs and entrepreneurialism. He has extensive experience in public company administration, finance, government/legislative policy, media relationship strategies and project management. Mr. Klassen is the President of a North American mineral exploration company and sits on the Board of Directors of several private and public companies.

Michele Pillon, Chief Financial Officer

Ms. Pillon is an accountant with several years experience in the junior mining exploration sector. Since 1988, Ms. Pillon has been providing accounting and regulatory assistance to public and private companies.

Dr. D. R. Webb, B.A.Sc. (Eng.), M.Sc., Ph.D., P.Geo., Acting Project Manager

Dr. Webb served as president and director of Tyhee Gold Corp. where he and his team developed a high-grade gold deposit into production, Mongolia's first hard rock gold mine. Dr. Webb sits on the board of Lake Victoria Mining Company Inc. and Metallis Resources Inc., several private corporations, and is on the Advisory Council for the Centre of Training Excellence in Mining. As a consultant, he coauthored the qualifying report on Fortune Minerals' Nico Deposit.

Ronald L. Handford, P.Eng., BASc., MBA, Vice President, Communications

Mr. Handford is a mining and technology entrepreneur and executive with 40 years of international experience in: building, financing, leading, administering and governing on boards of public and private companies; project finance and corporate banking; and engineering/project management.

Alistair MacLennan, Chairman

Douglas A. Perkins, B.Sc., FGAC, Independent Director

Carl Hale, P.Geo., Independent Director

Robert Coltura, Independent Director

Please refer to GMV's website for complete biographies.

News Update

On December 6, 2016, GMV Minerals Inc. announced that it has discovered new drill targets within the central portion of its Arizona property. A new target, known as the Hernandez Hill, is located approximately 500 metres northeast of the existing Mexican Hat gold resource, and is defined by geology and soil geochemistry. Currently, GMV is conducting a 14-hole drill program to expand the known inferred mineral resource of 23,452,000 tonnes hosting 531,400 troy ounces of gold.

On November 18, 2016, GMV Minerals Inc. announced that its drill program is under way at its Mexican Hat gold property in southeastern Arizona. The Company's 14-hole reverse circulation drilling program is specifically designed to expand mineral resources to the west, east and south of the existing Mexican Hat gold resource. The drill program will test along strike of the known mineralization and to the southeast where a previous operator identified significant gold mineralization. The program will also test down to a depth of 300 m per hole to explore mineralization below historical drilling of 200 m from surface.

On October 18, 2016, GMV Minerals Inc. announced that it has now received all necessary drill permitting for its fall drill program. The Company intends to commence operations in the next two weeks which is specifically designed to expand mineral resources to the west, east and south of the existing Mexican Hat gold resource. Approximately 15 drill holes, each up to 300 m in depth, will test structures as deep as 100 m below historical drilling.

The Company also announces it has completed its geochemical survey in a highly prospective zone to the south and east of the Mexican Hat gold discovery.

The Company has also engaged Arizona-based Zonge International, Inc. to conduct a geophysical test using robust geophysical methods (audio frequency magnetotellurics) which will be utilized to identify potential future drill targets.


Copyright (c) 2000 - 2019 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印