GMV Minerals Inc. announced that it has received the completed geophysical surveys from Precision GeoSurveys Inc. of Langley, British Columbia on its Daisy Creek project in Lander County, Nevada. The survey was designed to outline the northern portion of the Daisy Creek caldera where Phillips Uranium's historic drill results returned very impressive high-grade lithium values while testing uranium targets within the basin fill. GMV's current survey included high-resolution radiometric and magnetic measurements across its entire claim package.

There are thirteen discrete magnetic anomalies identified within the Daisy Creek Basin, most of which have associated radiometric anomalies. These are interpreted to define in-basin and basin margin faults with focused hydrothermal activity. There are surface disturbances consistent with trenches and/or drill pads at some of these geophysical anomalies and are very likely where Phillips Uranium focused their efforts.

The current claystone model in Nevada invokes a closed basin, often defined by a collapsed tertiary caldera. The high evaporation rates during this time increased the lithium concentration in the basin. This may be further increased in hydrothermal fluids influxes such that clays forming and settling over time fill the basin with elevated lithium concentrations.

Associated elements include boron and may include uranium.