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News
05.11.2009
General Metals Receives Water Rights Permit on the Independence Project
General Metals Receives Water Rights Permit on the Independence Project
RENO, NV--(Marketwire - 09/09/09) - General Metals Corporation (the "Company") (OTC.BB:GNMT - News) (Frankfurt:GMQ - News), announces receipt of a water rights permit for portions of Sections 28 and 33 (T31N, R43E), in Lander County, NV, the proposed center of the Independence Mine's process area. The water rights were granted to General Gold Corporation, our wholly owned subsidiary and the permit has been signed by the Nevada State Engineer. An additional water rights application has been filed and is pending on section 17, which is the 480 acres of private land purchased by the Company for additional mineral processing.
"This permit provides sufficient water to get our mineral processing operations underway," said Company President and CEO Steve Parent. "We can bring 700,000 tons of new crushed ore under leach on each lift on a regular basis as we expect to be recirculating approximately 75% of the process water (allowing for evaporation). Once the pending water rights permit is finalized, we will have adequate water to operate a large mine 24/7. Dyer Engineering did an excellent job on this project as they have on the other projects required to get the Independence Project into production."
The Company has selected the Merrill Crow precious metals recovery process system for the Independence Mine Project. This process system is particularly well suited for the mineralized material identified by drilling at the project which includes a high ratio of silver to gold. This process method was deployed successfully at the previous mine constructed by Management in the Comstock Lode in 2003 - 2004 and has proven to be the most effective method of gold and silver recovery.
Dan Forbush, the Company's CFO added, "One more item on the checklist to production is now completed. This, along with the receipt of the baseline environmental studies completed by the Company, brings us steps closer to production. Our consultants and contractors continue to push each item in its appropriate place to get all tasks completed to obtain the permits required for production of gold and silver from the project. We once again wish to express our gratitude to those shareholders who brought the funding to the company to allow us to complete these tasks and push this project forward."
More information is available on the Company's activities on the Company's website at www.gnmtlive.com
About General Metals Corporation: General Metals Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring and developing its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District, Nevada. Permitting and Engineering for our proposed heap leach production is underway at the Independence Mine.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the proceeds from the recent private placement will allow the Company to proceed with permitting at its Independence Mine in Nevada or any shallow mining production later this year, that any estimated ounces of gold or silver are contained in the mineralized material in the "Shallow Target," and is proposed to be mined and loaded onto a cyanide heap leach pad, or any future financings that the Company may enter into.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact: Wayne Meyerson Investor Relations General Metals Corporation 615 Sierra Rose Dr. Suite 1 Reno, NV 89511 wayne@gnmtlive.com 775.583.4636 office 775.830.6429 cell
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RENO, NV--(Marketwire - 09/09/09) - General Metals Corporation (the "Company") (OTC.BB:GNMT - News) (Frankfurt:GMQ - News), announces receipt of a water rights permit for portions of Sections 28 and 33 (T31N, R43E), in Lander County, NV, the proposed center of the Independence Mine's process area. The water rights were granted to General Gold Corporation, our wholly owned subsidiary and the permit has been signed by the Nevada State Engineer. An additional water rights application has been filed and is pending on section 17, which is the 480 acres of private land purchased by the Company for additional mineral processing.
"This permit provides sufficient water to get our mineral processing operations underway," said Company President and CEO Steve Parent. "We can bring 700,000 tons of new crushed ore under leach on each lift on a regular basis as we expect to be recirculating approximately 75% of the process water (allowing for evaporation). Once the pending water rights permit is finalized, we will have adequate water to operate a large mine 24/7. Dyer Engineering did an excellent job on this project as they have on the other projects required to get the Independence Project into production."
The Company has selected the Merrill Crow precious metals recovery process system for the Independence Mine Project. This process system is particularly well suited for the mineralized material identified by drilling at the project which includes a high ratio of silver to gold. This process method was deployed successfully at the previous mine constructed by Management in the Comstock Lode in 2003 - 2004 and has proven to be the most effective method of gold and silver recovery.
Dan Forbush, the Company's CFO added, "One more item on the checklist to production is now completed. This, along with the receipt of the baseline environmental studies completed by the Company, brings us steps closer to production. Our consultants and contractors continue to push each item in its appropriate place to get all tasks completed to obtain the permits required for production of gold and silver from the project. We once again wish to express our gratitude to those shareholders who brought the funding to the company to allow us to complete these tasks and push this project forward."
More information is available on the Company's activities on the Company's website at www.gnmtlive.com
About General Metals Corporation: General Metals Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring and developing its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District, Nevada. Permitting and Engineering for our proposed heap leach production is underway at the Independence Mine.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the proceeds from the recent private placement will allow the Company to proceed with permitting at its Independence Mine in Nevada or any shallow mining production later this year, that any estimated ounces of gold or silver are contained in the mineralized material in the "Shallow Target," and is proposed to be mined and loaded onto a cyanide heap leach pad, or any future financings that the Company may enter into.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact: Wayne Meyerson Investor Relations General Metals Corporation 615 Sierra Rose Dr. Suite 1 Reno, NV 89511 wayne@gnmtlive.com 775.583.4636 office 775.830.6429 cell
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=US3703042065
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.