Mexican Hat Gold Project Step-Out Drilling Results

VANCOUVER, BC - GMV Minerals Inc. has received assay results from the six drill holes testing the eastern limits of the known extent of the Mexican Hat gold deposit. All drill holes intersected significant gold mineralization including 2.07 gpt gold over 18.3 m and 0.73 gpt gold over 18.3 m in MHRC 17-6. Drill hole MHRC 17-3 terminated in mineralization with the last 21.3 m of the hole returning 0.39 gpt gold. All drill holes reported here encountered multiple intercepts of hematized and/or limonitized volcanic rocks that are typically associated with gold mineralization. Samples were collected throughout the extent of the drilling and submitted to Bureau Veritas labs together with certified standards and blanks. 

The current NI #43-101 resource was calculated with a 0.2 gpt gold cut-off, so all assays that exceed the cut off are considered material and further support an open pit heap leach extraction model.

The eastern margin of the mineralization at the Mexican Hat deposit was not well defined by previous drilling, with many of the drillholes completed in a less than optimal orientation to define either the 060o or 120 o trending zones. The Company’s latest drill holes, together with those it completed in 2016 will allow for better modeling of the mineralization in this area which should allow for one or more 060 o trending zones to be added to the seven already identified. Additional zones appear to exist to the northwest of the established resource as identified from the 2017 core drilling.