This entry was posted by Thursday, 16 September, 2010
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GMV Minerals Inc. announces that that ARCE Geophysics has been contracted to undertake an initial 100
line Km IP and Magnetic ground survey on 3 highly prospective GMV properties in Guyana, South America.
The IP survey will create profiles of 3D Resistivity and 3D Chargeability which will assist in the delineation
of mineralized structures. Closely spaced (10m) ground magnetometer readings will be taken concurrently to further define rock type boundaries. The sample locations will be recorded via high quality GPS for accurate geo-referencing. The lines will also be geologically mapped and auger soil samples will be collected and assayed. Many of the GMV properties are presently producing alluvial gold and these surveys will assist in locating the source of this gold. The combination of the surveys is expected to rapidly identify further drillable targets on GMV Minerals ground. The location of the survey is reliant on the geology which has been mapped as containing the right structures and permissive rock units, as well as the government regional magnetic data for the survey locations which is effective in defining known deposits, and the presence of active gold mining on the surface.
ARCE Geophysics has conducted in excess of 900 such surveys and is a recognized leader in this field having been in operation since 1960. They have surveyed over 351 mineral deposits, 125 of which are disseminated type and 159 are contact-type. Based in Lima, Peru all projects have been in South America providing ARCE with the necessary experience to conduct high quality surveys within the highly weathered jungle terrain of Guyana. The technical information disclosed in this press release has been reviewed, verified and compiled by R.A. Lunceford, who is independent of Company and a “qualified person” (as such term is defined in NI 43-101).
About GMV Minerals Inc. GMV Minerals Inc. is a junior exploration company focused on the discovery of gold assets in Guyana, South
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