Marysville, Mt. October 28, 2004 -- GMRV is pleased to announce that it completed another safe and successful year of prospecting and development in Montana. The following is a summary of this years accomplishments:
- The metallurgical tests on the Kelly Ore showed high gold recovery, but low silver recovery. Excellent results were obtained though from a leach test, but the process is marginally economical at this time.
- Big Sky Geophysics from Bozeman, Mt. completed an area mag survey over the Kelly area. Additional anomolies were noted from the survey. A follow-up geochem sample program is being designed to evaluated these areas next season after the snow melts.
- GMRV sucessfully reopened the Nile Cross-Cut for Towsley Gulch Resources, LLC in October. Samples were taken from the Towsley Vein and have been submitted for analysis.
- The Kelly-West vein was uncovered after two years of work. The mineralized zone consists of two parts: the top vein is quartz with visible silver and copper and the bottom vein is highly oxidized limonite. The zone is approximately two feet wide and steeply dips to the east. GMRV is in discussion with Ashington Mining Co. (a subsidary of Shoshoe Mining Co. from Idaho) about conducting a drilling program in 2005. Samples from the zone have been submitted for analysis.
For more information about GMRV, please contact:
GMRV
P.O. Box 236
Marysville, Mt. 59640
Ph/Fax (206)350-4701
Marysville, Mt. January 03, 2004 -- GMRV is pleased to announce that it recently received assays back from its fall sampling program at various sites around Montana.
One cat-cut returned 1.0 opt gold and 5.6 opt silver. Another site returned nearly 30 opt silver and 0.08 opt gold. GMRV received word that a metallurgical test on low-grade rock from the Kelly Mine was completed and the final report will be completed in the near future. The test showed that the low-grade rock ran 5 opt silver and 0.12 opt gold. The vein runs up to 50 opt silver and 0.1 opt gold.
Plans will soon be made as to where GMRV should focus its summer exploration and development work.
For more information about GMRV, please contact:
GMRV
P.O. Box 236
Marysville, Mt. 59640
Ph/Fax (206)350-4701
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