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News
10.11.2009
General Metals Recent Sampling Returns 20 Feet Grading 0.120 Ounces of Gold per Ton From Historic Core at Independence Mine
General Metals Recent Sampling Returns 20 Feet Grading 0.120 Ounces of Gold per Ton From Historic Core at Independence Mine
RENO, NV-- ( 10/13/09) - General Metals Corporation (the "Company") (OTC.BB:GNMT - News) (Frankfurt:GMQ - News), is pleased to announce that recently received assay results for recent saw cut core samples and re-assays of original Noranda pulps returned 20 feet averaging 0.120 ounces of gold per ton (opt Au), nearly tripling the length of the mineralized drill intercept reported in the historic data base for core hole IND-7. As originally sampled by Noranda in 1987, the 7-foot interval from 2,595 to 2,602 averaged 0.158 opt Au, and had long been considered to represent a major and problematic thinning in the receptive units in the middle member of the Battle formation between better mineralized core holes IND-4 and IND-6. IND-7 is situated approximately 650 feet southeasterly of IND-4 which, upon the Company's recently completed re-assay with standards returned 30 feet averaging 0.285 opt Au over the interval from 2910 to 2940 feet.
The highly mineralized interval in IND-7 demonstrates that previous sampling was inadequate to properly characterize mineralization, and demonstrates that gold mineralization in the middle Battle Formation is more extensive and consistent than indicated by historic sampling. The Company considers this longer sample interval to be important for geological modeling and resource calculations because it demonstrates more consistent thickness of mineralization in the middle member of the Battle formation than had been previously thought.
Sampling in the shallow portion of hole IND-4 did not yield any new information that would extend near surface mineralization into the portion of IND-4 sampled.
Further details regarding the Independence mineralization, drilling efforts, both historical and recent and current permitting activity, are available on the Company's website 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 of Nevada where the Company recently announced Independently determined resources containing in excess of 1.07 million ounces of gold and 3.8 million ounces of silver. The Company is also evaluating potential acquisitions in Nevada that may be developed from future cash flow from our planned Independence operation. Permitting and Engineering for our planned heap leach production is underway at our 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-- ( 10/13/09) - General Metals Corporation (the "Company") (OTC.BB:GNMT - News) (Frankfurt:GMQ - News), is pleased to announce that recently received assay results for recent saw cut core samples and re-assays of original Noranda pulps returned 20 feet averaging 0.120 ounces of gold per ton (opt Au), nearly tripling the length of the mineralized drill intercept reported in the historic data base for core hole IND-7. As originally sampled by Noranda in 1987, the 7-foot interval from 2,595 to 2,602 averaged 0.158 opt Au, and had long been considered to represent a major and problematic thinning in the receptive units in the middle member of the Battle formation between better mineralized core holes IND-4 and IND-6. IND-7 is situated approximately 650 feet southeasterly of IND-4 which, upon the Company's recently completed re-assay with standards returned 30 feet averaging 0.285 opt Au over the interval from 2910 to 2940 feet.
The highly mineralized interval in IND-7 demonstrates that previous sampling was inadequate to properly characterize mineralization, and demonstrates that gold mineralization in the middle Battle Formation is more extensive and consistent than indicated by historic sampling. The Company considers this longer sample interval to be important for geological modeling and resource calculations because it demonstrates more consistent thickness of mineralization in the middle member of the Battle formation than had been previously thought.
Sampling in the shallow portion of hole IND-4 did not yield any new information that would extend near surface mineralization into the portion of IND-4 sampled.
Further details regarding the Independence mineralization, drilling efforts, both historical and recent and current permitting activity, are available on the Company's website 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 of Nevada where the Company recently announced Independently determined resources containing in excess of 1.07 million ounces of gold and 3.8 million ounces of silver. The Company is also evaluating potential acquisitions in Nevada that may be developed from future cash flow from our planned Independence operation. Permitting and Engineering for our planned heap leach production is underway at our 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.