GMV Minerals Inc. (TSX Venture Exchange: GMV) (OTCQB: GMVMF) (the “Company” or “GMV”) is pleased to announce that it has engaged Precision GeoSurveys Inc. of Langley, British Columbia, to conduct a high-resolution helicopter-borne magnetic and radiometric survey on his Daisy Creek project. in Lander County, Nevada.
Ian Klassen, CEO, said: “We are very pleased to work with Precision, a Canadian and global leader in airborne geophysics. The airborne survey, which should begin in the next two weeks, will be carried out according to a systematic grid at low altitude. using a line spacing of 150 meters at a constant planned flight height of 40 m. The high-resolution magnetic and radiometric survey will be another important instrument used by the GMV exploration team to map in detail the geometry of the caldera basin, as well as the radiometric response of the exposed rocks to determine what the target was. former owner Phillips Uranium when it drilled the high-grade lithium target in the 1980s. The survey will provide uniform, low ground clearance magnetic and radiometric data coverage of the Daisy Creek project at higher resolution than existing surveys that only cover parts of the property.
The geophysical survey will encompass 100 km of lines spaced 150 m apart over a 13.8 km2 survey block and will use a Scintrex CS-3 cesium vapor magnetometer sensor (or equivalent) with a sensitivity of 0.01 nT in a system exclusive non-magnetic and non-conductive. survey pole for total magnetic intensity measurements. Radiometric data will be collected using a Nuvia Dynamics AGRS-5 spectrometer with 21 L of self-calibrated radiation detection crystals. The helicopter, an Airbus AS350, is configured with a laser altimeter, attitude sensor, temperature/humidity/barometric probe and its own WAAS-compatible GPS receiver.
Dr. DR Webb, Ph.D., P.Geo., P.Eng. is the QP for this release within the meaning of Regulation 43-101 and has reviewed the technical content of this release and approved its content.
Precision GeoSurveys is a full-service airborne geophysical contractor and an industry leader in providing high-resolution surveys in mountainous and remote terrain, having acquired and processed high-resolution multi-sensor airborne geophysical data in mountainous terrain on over 700 surveys since 2007. The company uses state-of-the-art geophysical instruments attached directly to the helicopter. The magnetic sensors are installed in a non-magnetic, non-conductive nose configuration, and the gamma sensors are installed inside the aircraft, away from the variable attenuation of the fuel cell. Compared to conventional sling bird survey systems, this innovative design allows the survey to be carried out safely with reduced ground clearance to minimize noise, improve resolution and reduce the need for complex data corrections. Geophysical data and maps will be prepared using Geosoft algorithms and industry standard mapping software to show the geomagnetic and radiometric properties of the study area.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metals assets in Arizona. GMV, through its wholly-owned subsidiary, owns a 100% interest in a mineral property lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, United States. The project was initially explored by Placer Dome (USA) in the late 1980s and early 1990s. GMV is focused on developing the asset and realizing the full mineral potential of the property through gold production in the short term. The Company’s NI 43-101 (inferred) resource estimate is 36,733,000 tonnes grading 0.58 g/t gold at a cut-off of 0.2 g/t, 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
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