GMV Minerals (TSXV: GMV) this morning issued a brief release. Within, the company indicated that it has formally mobilized for its previously announced drill campaign at the Mexican Hat gold project in southeastern Arizona.
The drill program itself is fully funded and is expected to come in at roughly 3,000 metres of total drilling. Drilling itself is expected to begin within the next seven days, with the company focusing on expanding its resource on the property.
A total of eight drill holes are expected to be conducted, with drilling to occur between 100 metres and 900 metres from the main known structure on the property. If successfully, the company has previously indicated that the program could expand the footprint of the deposit by up to 70%.
GMV Minerals last traded at $0.34 on the TSX Venture.
FULL DISCLOSURE: GMV Minerals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover GMV Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.