GMV Minerals Files Updated PEA for Mexican Hat Project

GMV Minerals Inc. has announced the filing of a Preliminary Economic Assessment (PEA) for its Mexican Hat Gold Project in Arizona. The report, compliant with NI 43-101 standards, shows optimistic economic outcomes. Key figures include a pre-tax IRR of 66.1% and a NPV of $390.2 million (using a $2,500 gold price). With a base case mine life of 10 years, the project expects annual production of approximately 60,000 ounces.

The company plans further investment towards feasibility studies and permitting. This includes additional drilling, metallurgical testing, and geotechnical analysis. The PEA suggests significant potential, although further detailed work is required to confirm economic viability and production feasibility.