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GMV Minerals Inc V.GMV

Alternate Symbol(s):  GMVMF

GMV Minerals Inc. is an exploration company focused on developing precious metal assets in Arizona. The Company, 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, United States. It is focused on developing the asset and realizing the full mineral potential of the property through near-term gold production. The Mexican Hat Property is a low sulphidation, epithermal gold deposit in Tertiary volcanic rocks. Mexican Hat claims and exploration licenses cover approximately 4,800 acres. The property consists of 40 unpatented lode mining claims. Its Daisy Creek project is in Lander County, Nevada, where the Company controls or owns a total of approximately 165 lode claims covering 3,408 acres. Its wholly owned subsidiary is GMV Minerals (Nevada) LLC (GMV Nevada).


TSXV:GMV - Post by User

Bullboard Posts
Comment by ML_Geoon Nov 02, 2011 6:41pm
284 Views
Post# 19203741

RE: Has anyone contacted management lately?

RE: Has anyone contacted management lately?Hi all. I'm a new member to Stockhouse here and this is my first post. I am a exploration geologist with about 10 years experience. I have recently worked in Guyana for a Jr. that I will not mention. I have held a small position in GMV since they have been
.30 and have bought until the
.60 average i know hold. As a geologist I know first hand the issues of being in Guyana (e.g. remote camps, corrupt customs, harsh jungle, lack of experienced drillers and assay labs turnaround time). Considering all this there remains no excuse for the lack of quality information coming from GMV. Shareholders have only gotten snippets of information in vague, in my opinion, unprofessional PRs. The only new material on the website in over a year has been a few site photos! The extensive geophysics and geochemical sampling have never been formally presented (e.g. graphics with meaningful interpretations). We haven't even received information as to which property area they are now drilling (bear in mind they have claims scattered all over the country). I am certain at this point there must be assays back from some of the holes. When I was in Guyana ACME assay lab turnaround time was at most 4-6weeks. Regardless of the assay results, they must be accessible by public to comply with Canadian Securities compliance (e.g. "industry best practices"). I've emailed Ian and received the same emails you have..vague dates..promises of results soon to come. I think VP Ex. Doug Perkins is as much to blame as Ian in the poor performance. This company has huge potential with its extensive, proven Alphonso claims. However, I fear mismanagement may lead this to it's demise.
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