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Last C$0.25 CAD
Change Today -0.01 / -3.85%
Volume 1.1K
As of 3:37 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

gmv minerals inc (GMV) Snapshot

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gmv minerals inc (GMV) Details

GMV Minerals Inc., an exploration stage company, engages in the sourcing and exploration of mineral properties in Arizona. The company primarily explores for gold deposits. It holds a 100% interest in the Mexican Hat Project located in Cochise County, Arizona. The company was formerly known as Goldmember Minerals Inc. and changed its name to GMV Minerals Inc. in March 2008. GMV Minerals Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

gmv minerals inc (GMV) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$150.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$54.0K
Compensation as of Fiscal Year 2014.

gmv minerals inc (GMV) Key Developments

GMV Minerals Inc, Annual General Meeting, Dec 19, 2014

GMV Minerals Inc, Annual General Meeting, Dec 19, 2014., at 10:00 Pacific Standard Time. Location: Suite 2900 - 550 Burrard Street,. Agenda: To receive the report of the directors of the company; to receive the audited financial statements of the company for the financial year ended June 30, 2014 and accompanying report of the auditor; to appoint Manning Elliott LLP as the auditor of the company for the ensuing year at a remuneration to be fixed by the directors; to elect the directors of the company for the ensuing year; to consider and if thought fit, re-approve the stock option plan of the company as required by the TSX Venture Exchange; and to transact such other business as may properly come before the meeting.

GMV Minerals Inc Auditor Raises 'Going Concern' Doubt

GMV Minerals Inc filed its Annual on Oct 28, 2014 for the period ending Jun 30, 2014. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

GMV Minerals Inc. Completes Phase 1 Analysis Confirming Significant Gold Values in Area 640 Metres X 525 Metres

GMV Minerals Inc. announced analytical results from a five week mapping and sampling program at the company's 100% owned Mexican Hat gold property located in S.E. Arizona. The results confirm and expand on the work completed by past operators, revealing economically significant gold values distributed over an area 640 m long and 525 m wide in multiple zones transecting Tertiary volcanic rocks. Individual zones can be traced discontinuously for over 525 metres and attain true widths up to 42 m on surface. These surface trench results reveal that the gold enriched zones appear to correlate well in three dimensions. Drill results from previous operators show down-dip continuity of these zones to depths of 200 m or more. The zones are open along strike and to depth, and additional subparallel zones may exist. A total of 495 samples were collected including 41 field blanks and 20 field duplicate samples. In addition, 68 standards were inserted into the sample stream. All samples were analyzed for 37 elements on 30 gm samples digested in aqua regia and analyzed using ICP mass spectrometer techniques and all samples returning gold values >0.1 gpt were re-analyzed using 30 gm fire assay with atomic adsorption techniques. Initial examination of the data shows the analytical results to be acceptable for the level of work completed. Placer Dome reported an estimate of 5,234,000 tonnes grading 0.926 grams per tonne using a 0.345 gpt cut-off. This resource is a Historic Resource under NI 43-101 and is referenced here for completeness. Placer Dome's estimate was based upon indicator kriging of 18,934 meters of drilling in 120 RC holes and 17 diamond drill holes. This historic estimate is not reported in current classifications as Measured, Indicated or Inferred Resources, however, reserves were estimated from this data using a 45 degree pit, a 0.345 gpt cut-off and a 90% recovery resulting in a 183 meter deep pit and a 5:1 strip ratio, to yield 3,720,000 tonnes grading 0.960 grams per tonne containing 103,320 ounces of gold. No top-cut was reported. Roughly 50% more mineralization was believed to fall within this conceptual pit in sparsely drilled areas between mineralized domains. Subsequent work by others supports this assertion, however no additional resource work has been completed. The resources and reserves reported above are historical estimates, reported for completeness and are not NI 43-101 compliant mineral resources or reserves estimates. They have been calculated in industry standard form current as of the time reported and there are no concerns as to the sampling, assaying or resource methodology. GMV is not treating the historical estimate as current mineral resources or mineral reserves. No blanks were reported, but duplicate and repeat samples are acceptable for this level of work. Further work is needed to confirm the grade, distribution and metallurgy of the mineralization to determine and define a NI 43-101 compliant mineral resources estimate. The Historic Estimates reported here are not to be considered NI 43-101 Resources or Reserves.


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