Aug 11 2016
GPM Metals Inc. (the "Company" or "GPM") is pleased to announce the commencement of a 5,000 metre drilling program at the Walker Gossan Project (WGP), Arnhem Land, Northern Territory, Australia. The program consists of approximately 20 boreholes, utilizing both diamond drill and reverse circulation (RC) drilling.
The Project is a joint venture with Rio Tinto Exploration Pty. Ltd. (see January 27, 2015 press release of the Company).
GPM is the operator of the project and has a right to earn in 51% of the project during Stage 1 of Joint Venture Agreement ("Agreement"), subject to certain conditions as outlined in the terms of the Agreement (see January 27, 2015 press release of the Company available on SEDAR at www.sedar.com).
The exploration target is a large, strata bound, sediment hosted silver-zinc-lead deposit. Initial soil and rock sampling conducted in 2015 has outlined a continuous 3 km X 500 m zone of anomalous zinc and lead.
About GPM Metals Inc.
GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.
The Company's current holdings include the district scale Walker Gossan Project, NT, Australia, a joint venture with Rio Tinto Exploration Pty Limited; and the Pasco Project, Department of Pasco, Peru.
Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.
All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a Director of GPM), a "qualified person" within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.
Source: http://www.gpmmetals.ca/