Brien Lundin, in the March, 2017, edition of the Gold Newsletter, says buy GMV Minerals Inc., recently 52 cents. He previously said buy in September, 2016, at 56 cents. A $1,000 investment then is now worth $928. GMV recently completed a 15-hole drill program at its Mexican Hat gold project in Arizona. The first eight holes of the program extended the known mineralization by 420 metres, with highlights including three metres of 1.55 grams per tonne gold, nine metres of 0.89 g/t gold and 39.7 metres of 0.38 g/t gold. Although these are not the most impressive numbers that Mr. Lundin has ever seen, they match other results from Mexican Hat, and they bode well for GMV's goal of expanding its inferred resources by 20 to 30 per cent through this drill program. GMV would then have total gold resources of 600,000 to 700,000 ounces. As well, the company still has money in the bank to test a new, higher-grade zone at Mexican Hat, called Hernandez Hill. A drill program targeting Hernandez Hill is in progress. Results from this promising zone, as well as the remaining holes from the recent 15-hole program, will give GMV plenty of news to share in the weeks ahead. The stock offers good value and is a buy at current levels.
© 2018 Canjex Publishing Ltd. All rights reserved.