Sunday, September 14, 2025

GMV Minerals Plans 3,050 Metre Drill Program To Expand Current Resource

GMV Minerals (TSXV: GMV) announced this morning that is has planned an expansion drill program for its flagship Mexican Hat project located in Cochise County, Arizona. Upon the completion of permitting, two further drill programs are to take place on the property.

The targeted area for the expansion program consists of three separate areas that have been found to contain probable extensions of the main mineralized structure on the property. Eight drill holes totaling 3,050 metres have been planned for the program, with drilling to occur between 100 metres to 900 metres away from the main structure.

The current structure on the property has been delineated following the drilling of 124 holes on the property, of which 117 contained significant gold mineralization. The zone is presently open to the west of the deposit, with the western-most holes having intersected 0.66 g/t over 3.0 metres and 0.66 g/t gold over 6.1 metres. If successful, the planned program could increase the footprint of the deposit by up to 70%.

Drilling is also planned north of the current deposit, with the five largest drill assays having been found in this region, where mineralization has been as high as 37.6 g/t gold over 3.0 metres.

The company is currently awaiting drill permits for the property, after which the firm will commence its drill program.

GMV Minerals last traded at $0.28 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.

Video Articles

Soma Gold Q2 Earnings: Production Drops Amid Growth Effort

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Death Of A Dynasty? Collier Resignation May Be The Beginning Of Northern Dynasty’s Pebble Project Hitting The Rocks

This past Wednesday’s resignation of Tom Collier, the now former CEO of Pebble Partnership, a...

Sunday, September 27, 2020, 09:00:00 AM

Silvercorp Bids To Take Over Australian Gold Producer OreCorp

Canadian mining firm Silvercorp Metals Inc. (TSX: SVM) has entered into a binding scheme implementation...

Monday, August 7, 2023, 08:02:51 AM

Silver Hunting In Mexico – The Daily Dive feat Chris Berlet of Canuc Resources

This afternoon on The Daily Dive, our host Cassandra Leah sits down with Chris Berlet,...

Thursday, December 3, 2020, 01:00:00 PM

Grande Portage Hits 20.70 G/T Gold Over 3.22 Metres At Herbert Gold Project

Further assay results have been released by Grande Portage Resources (TSXV: GPG) related to its...

Tuesday, November 24, 2020, 09:20:04 AM

Nevada: America’s Gold Mining and Exploration Leader

In 1961, Newmont Mining (TSX: NGT) made a massive gold discovery near the town of...

Sunday, October 11, 2020, 09:00:00 AM