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VANCOUVER, BC / ACCESSWIRE / November 15, 2024 / GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that preliminary results from the four drill holes completed on the Daisy Property are very encouraging with a thickening in the claystone horizons and increasing in the grade towards the south. The southern-most hole, DC24-1 intersected three distinct claystone horizons totaling 48.7 m of lithium enrichment starting 76.2 m down hole.
All holes were 5.5-inch RC holes drilled vertically.
| Drill Hole | From (m) | To (m) | Thickness (m) | Li (ppm) |
| DC24-1 | 76.2 | 109.7 | 33.5 | 1,085 |
| Incl | 85.3 | 109.7 | 24.4 | 1,125 |
| And | 164.6 | 170.7 | 6.1 | 1,170 |
| And | 189.0 | 198.1 | 9.1 | 1,004 |
| DC24-2 | 39.6 | 45.7 | 6.1 | 942 |
| And | 100.6 | 112.8 | 12.2 | 773 |
| DC24-3 | 54.9 | 61 | 6.1 | 676 |
| DC24-5 | No significant values | |||
DC24-4 was not drilled.
No significant uranium values were encountered.
Ian Klassen President states "We are very pleased with the results showing a thickening and increasing grade to the south on our 100% controlled Daisy Creek Property. The 48.7 m of total claystone in DC24-1 with values >1,000 ppm is economically interesting, and the grades are increasing towards the deeper parts of the basin. These values well exceed the cut-off grade for most claystone projects in Nevada and similar to some that have been taken to feasibility studies in the Clayton Valley (see table below). Claystones typically have an SG of 1.7 gm/cc such that each cubic meter contains 1.7 tonnes of rock. Drill holes DC24-1, 2, and 3 are separated by 300 to 1,000 m meaning substantial tonnages can be inferred quickly from each drill hole."
| Company | Project | Tonnes (millions) | ppm Li |
| American Lithium | TLC Project | 2052 | 809 |
| Pan American Energy | Horizon Li | 2,800 | 669 |
| Spearmint Resources | McGee | 470 | 830 |
| Noram Lithium | Zeus | 586 | 957 |
RC samples were collected into premarked bags from 10' runs, collected and dried before transporting them to the independent certified ALS Global's laboratory in Elko Nevada. They were further dried, crushed and pulverized using CRU-31, SPL-21 and PUL-31 procedures. The pulps were then shipped to ALS Global's laboratory in North Vancouver and were processed using ME-MS41 aqua regia digestion and mass spectrometry analysis. Six Certified Reference Standards, CDN-Li1, were submitted, checked in re-runs with internal laboratory standards together with selected samples and returned acceptable results.
Figure 1. The image shows lithium and magnesium analyses down hole (meters) for the four drill holes completed, schematically distributed from the basin margin on the left to towards the deeper basin on the right.