GMV Minerals Inc. (TSXV: GMV) (OTCQB: GMVMF) announced significant progress on its Mexican Hat gold deposit in SE Arizona.

The company’s Preliminary Economic Assessment (PEA) reports 36.7 million tonnes grading 0.58 g/t gold in a 688,000-ounce Inferred Mineral Resource. An open pit with a 1.87:1 strip ratio will extract 32.6 million tonnes, recovering 525,000 ounces of gold over a 10-year mine life. The project’s total cost is US$67.8 million, including US$12 million in contingency and US$13 million in sustaining capital. Heap leach testing shows an exceptional 88% gold recovery from a two-stage crushing circuit.

Mexican Hat Gold Project Advancements

The rising gold prices have spurred GMV Minerals Inc. to advance developmental drilling. The new drill program will twin approximately thirty-five shallow holes drilled by Placer Dome USA. This diamond drill program aims to refine internal boundaries of the mineralization and provide geomechanical parameters unavailable from reverse circulation drilling.

The results are expected to upgrade the mineral resource to higher categories, provide geotechnical data to enhance pit slope designs, confirm hydrogeological properties, and collect samples for environmental testing. Parallel hydrogeological and atmospheric testing by SRK Consulting and Westland Engineering & Environmental Services will also contribute valuable data for project advancement.

Daisy Creek Project Approval

The U.S. Bureau of Land Management approved the Notice of Intent (NOI) for the Daisy Creek Project in Lander County, Nevada. With 165 lode claims over 3,408 acres, the drill program will test the Daisy Property for Lithium Claystone mineralization, guided by historical data and aeromagnetic surveys. Nevada-based Harris Exploration will conduct the program.

About GMV Minerals Inc.

GMV Minerals Inc. is focused on developing precious metal assets in Arizona. Through its 100% owned subsidiary, it holds a 100% interest in the Mexican Hat Property in Cochise County. Initially explored by Placer Dome USA, GMV aims to advance the project towards near-term gold production. GMV recently updated its inferred mineral resource to 36.7 million tonnes grading 0.58 g/t gold, containing 688,000 ounces of gold.

ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President

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