GMV Minerals Inc. Reaffirms Commitment to Mexican Hat Gold Project - Drill Permit Received for Nevada Project

GMV Minerals Inc. Reaffirms Commitment to Mexican Hat Gold Project - Drill Permit Received for Nevada Project

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce the following update

The Company continues to be highly encouraged by its primary core project known as the Mexican Hat gold deposit located in SE Arizona. The Company's Preliminary Economic Assessment" PEA" reports 36.7 million tonnes grading 0.58 gpt gold in a 688,000 ounce Inferred Mineral Resource. An open pit with a 1.87:1 strip ratio was modeled to extract 32.6 million tonnes of this deposit recovering 525,000 ounces of gold over a 10-year mine life. This is a low capital cost operation, total cost of US$67.8 million, which includes US$12 million in contingency and US$13 million in sustaining capital. Heap leach testing demonstrates an exceptional recovery of 88% of the gold from a two-stage crushing circuit.

Partial economics of the base case gold price variance is shown in an excerpt from the PEA (below). For ease of reference, please review the entire PEA by visiting the Company's website at www.gmvminerals.com.

Gold price Base Case Variance

Base

+40%

US$/troy oz Gold

1,600.00

2,240.00

IRR (Pre-Tax)

39.3%

77.4%

NPV @ 5% (Pre-Tax) US$M

150.6

395.0

All technical detail is drawn from "NI 43-101 Technical Report Updated Preliminary Economic Assessment, Mexican Hat Project" by Kuestermeyer, A., Pozder, S., Webb, D., Barr, J., Dyer, T., Barrios, F., Garcia, D., 2020.

As a result of the recent and steady increase in the price of gold, well beyond numbers that were conceived in the PEA, the Company is now advancing upon its intention to continue developmental drilling at the project while remaining focused on the share structure of the company.

A drill program will twin approximately thirty-five shallow holes drilled by past operators (approximately 90% completed by Placer Dome USA). This wide diameter diamond drill program intends to refine the internal boundaries of the mineralization and provide geomechanical parameters which cannot be obtained from reverse circulation drilling.

The result from this work is expected to:

  • Upgrade the mineral resource to higher categories within the Measure, Indicated and Inferred resources classification.

  • Provide geotechnical data for engineering designs geared to maximize the pit slope and potentially increase recoverable gold ounces.

  • Provide opportunities to confirm hydrogeological properties of the rock.

  • Provide samples for environmental testing to characterize both the ore and waste materials for permitting requirements.

In addition, this phase of the drilling will be completed in parallel with a resumption of hydrogeological and atmospheric testing being conducted by SRK Consulting (U.S.) Inc. and Westland Engineering & Environmental Services, Inc. This work will enable the company to identify pertinent data to allow for the Company to advance the project towards production.

The Company also confirms that it has received the approval of the Notice of Intent ("NOI") for the Company's Daisy Creek Project in Lander County, Nevada.

The U.S. Department of the Interior's Bureau of Land Management ("BLM") has reviewed the NOI and determined it is complete, containing all the information required by the surface management regulations at 43 CFR 3809.30. The BLM has reviewed the proposed operation and determined that it is appropriate to proceed to a drill phase.

Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.

About the Daisy Creek project:

The Daisy Creek project is in Lander County, Nevada where GMV now controls or owns a total of 165 lode claims covering 3,408 acres. An initial 6-hole drill program been established based upon recent sampling, historical data, and the high-resolution aeromagnetic survey completed by Precision GeoSurveys in late 2023. The program is designed to test the Daisy Property for prospective Lithium Claystone (LC) mineralization. The property was explored in the past because of the prospectivity for uranium when the unexpected discovery of high-grade lithium was found. After field evaluation and analyses of past data and a helicopter geophysical survey and the recent approval of the NOI, the Company intends to proceed and commence drill-testing. The Company has engaged Nevada based Harris Exploration to conduct the program.

About GMV Minerals Inc.

GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat Property, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. GMV. Recently updated its National Instrument inferred mineral resource to 36,733,000 tonnes grading 0.58 g/t gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.

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

For further information please contact:

GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: info@gmvminerals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GMV Minerals, Inc.



View the original press release on accesswire.com

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Advancing its rich gold asset in SE Arizona while leveraging a potentially rich lithium asset in Nevada.

Grande Portage Resources (TSXV:GPG;OTCQB:GPTRF)

Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com

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Grande Portage Resources Files 2025 Plan of Operation/Drill Permit for the New Amalga Gold Property in S.E. Alaska

Grande Portage Resources Files 2025 Plan of Operation/Drill Permit for the New Amalga Gold Property in S.E. Alaska

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") is pleased to announce that it has filed its 2025 Plan of Operation for continued mineral exploration at its New Amalga Mine Gold project (formerly the Herbert Gold project) located north near Juneau, Alaska

Subject to regulatory approval, the proposed work schedule for 2025 consists of up to 10,000 meters diamond drilling with additional detailed mapping and trench sampling to expand previous exploration. The program will consist of diamond drilling utilizing up to eight pads to drill approximately 15 holes. These holes are planned to test the main mineralized structures of the Goat, Main, Sleeping Giant and Deep Trench veins. The New Amalga Gold Property is host to abundant composite vein-fault structures containing ribbon structure quartz-sulfide veins and lies prominently within the 100-mile-long Juneau gold belt, which has produced millions of ounces of gold through a total depth range of thousands of feet. Individual veins and vein systems can be traced for over 500 m on average along strike and from surface (130 m above mean sea level) to depths of 350 m below sea level.

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GMV Minerals Inc. Intersects Two Thick Lithium Claystone Horizons Testing 1,250 Hectares at Daisy Creek Project in Lander County, Nevada

GMV Minerals Inc. Intersects Two Thick Lithium Claystone Horizons Testing 1,250 Hectares at Daisy Creek Project in Lander County, Nevada

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.

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GMV Minerals Inc. Completes Initial Drilling at Daisy Creek Project in Lander County, Nevada

GMV Minerals Inc. Completes Initial Drilling at Daisy Creek Project in Lander County, Nevada

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that, pursuant to its news release dated September 10th, 2024, it has completed its initial drill program on the Daisy Project, located in Lander County, Nevada

The Company drilled five targets with 643m (2109 feet) of RC and tricone drilling. All holes intercepted various claystone horizons and claystone with felsic ash to lapilli tuffs with a distinctive trend towards more abundant claystone in the central portions of the caldera. Abundant alteration was noted in some drill holes with both oxidized and sulphide-bearing horizons observed.

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GMV Minerals Inc. Commences Drilling at Daisy Creek Project in Lander County, Nevada

GMV Minerals Inc. Commences Drilling at Daisy Creek Project in Lander County, Nevada

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) is pleased to announce that it has commenced drilling at its Daisy Creek lithiumuranium project in Lander County, Nevada. The Company has engaged Nevada-based Harris Exploration Drilling and Associates Inc. to commence its initial drill program at the Daisy Creek project. Harris Exploration has decades of successful drill exploration experience spanning across the Americas on all types of projects

Ian Klassen, President, remarked "We are pleased to be drill testing the Daisy Creek project and to be doing so with Harris Exploration, a highly reputable and experienced company that is very familiar with this type of geology". The Company's initial reverse circulation drill program will be approximately six holes from six different set ups totaling ~3500 feet. The program is designed to test the most prospective lithium targets as defined by the most recent geophysical, field work and historical information.

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Altech Batteries Ltd  CERENERGY Type Battery Shows 28 Year Shelf Life

Altech Batteries Ltd CERENERGY Type Battery Shows 28 Year Shelf Life

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the exceptional long-term shelf life of its CERENERGY(R) sodium-nickel-chloride (Na Ni-Cl) battery technology.

Highlights

- CERENERGY(R) has been designed on well-established sodium-nickel-chloride chemistry

- Origins to the first-generation Zebra batteries

- 28-year-old Zebra battery, left unused in storage, provided to Altech

- Upon testing, battery performed as if it were new

- No degradation in function or capacity despite nearly three decades of dormancy

- Ideal for long-term military storage

CERENERGY(R) batteries have been designed on well-established sodium-nickel-chloride chemistry, which traces its origins to the first-generation Zebra batteries. These earlier Zebra cells had a smaller energy capacity (approximately 100Wh) compared to the current CERENERGY(R) cells (250Wh). CERENERGY(R) cells were developed to improve energy capacity and reduce battery costs, but share the same fundamental Na Ni-Cl electrochemical design.

In a compelling demonstration of the technology's durability, a 28-year-old Zebra battery- originally manufactured by AEG ZEBRA in Berlin and left unused in storage-was recently provided to Altech for evaluation. Upon testing, the battery was successfully activated and performed as if it were new, exhibiting no degradation in function or capacity despite nearly three decades of dormancy.

The underlying reason for this remarkable longevity lies in the battery's unique chemistry and solid-state design. In its inactive state, the battery's electrolyte exists as solid sodium aluminium chloride salt crystals and nickel powder. All components are contained within a hermetically sealed, pressure-tight cell, preventing any moisture ingress or chemical degradation. Unlike conventional lithium-ion batteries-which rely on volatile liquid electrolytes that degrade over time-the CERENERGY(R) system remains completely inert and stable at ambient conditions.

When activated by heating to approximately 270 degC, the 28-year-old Zebra battery transitions into its operational state and can immediately begin charging and discharging with no observable loss in performance. This "on-demand activation" feature makes it particularly appealing for defense and strategic reserve applications, where batteries may need to be stored for extended periods and rapidly deployed when needed. In fact, such systems could be buried underground or warehoused for decades and reactivated without any compromise in performance.

To validate this capability further, Altech's joint venture partner, Fraunhofer IKTS, has conducted a rigorous individual cell stress-testing program. The 28-year-old cell is currently undergoing daily charge and discharge cycling at 300 degC across a 20-80% state of charge (SoC) range. The tests confirm not only the battery's safe operation but also its consistent performance across the full capacity spectrum.

This breakthrough reaffirms the robustness, safety, and strategic advantage of CERENERGY(R) sodium-nickel-chloride battery technology, setting it apart from conventional storage solutions in terms of reliability and long-term stability.



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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