GMV Minerals Inc. announced that its drill has now been moved to the north of Mexican Hat Mountain to test the Principal Controlling Structure where it is associated with a very strong magnetic anomaly that is an extension to the underlying established resource. Intensely hematized rocks are associated with magnetic lows, which in part characterizes the Principal Controlling Structure. In addition, the most highly mineralized portions of the Mexican Hat Deposit (highest gold values, largest structures) occur in very strong magnetic lows within the broader magnetic depressions. So far, the Company's drill contractor has completed four holes totalling 1,262 m all testing geophysical projections of the Principal Controlling Structure up to 1,200 m east of the eastern-most resource holes. All holes were collared in the host volcanic rocks, and intersected significant widths of strongly hematized and carbonate altered structures interpreted to be similar to the 070 subsidiary structures hosting the bulk of the mineralization at Mexican Hat. The initial three holes terminated in strongly fractured volcanic rocks at depths where the Principal Controlling Structure was anticipated. The degree of fracturing of the ground prohibited the drill from advancing or collecting samples and the holes had to be abandoned prior to reaching planned total depth. The fourth hole, the most distant hole to test for the Principal Controlling Structure did not encounter this structure, however numerous well altered and fracture volcanic rocks were encountered. Initial assay results have been obtained for the first drill hole, and the QA/QC program noted some inconsistency with certified standards and blanks inserted into the sample stream, these are currently being re- run. Preliminary assay results have been received for the second drill hole, and only reported anomalous in gold values. It is uncertain as to why the very impressive alteration did not carry more elevated gold values, however, the other holes will determine if this is a unique situation or if other geological factors must be considered within the system. Results from the balance of holes are still pending at the laboratory.