GMV Minerals Inc.
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.
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.
Current Exploration Highlights
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 www.gmvminerals.com for complete biographies.
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.