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22.02.2010
General Metals Reports Hill Zone Delineation Drilling Defines +360 Foot (110 Meter) Wide Mineralized Zone at Independence Property
General Metals Reports Hill Zone Delineation Drilling Defines +360 Foot (110 Meter) Wide Mineralized Zone at Independence Property
RENO, NV, Feb 22, 2010
General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ), is pleased to announce final assay results for the remaining delineation drill holes along Section 3600 North in the Hill Zone at Company's Independence Gold - Silver Property. Drill hole assays identify a shallow near surface oxide gold - silver mineralized body with a combined interpreted width that ranges to more than 360 feet (110 meters) in near surface oxide mineralization. These results complete the drilling on Section 3600 North in the Hill Zone and provide important definition and continuity information which will be necessary in future resource modeling and mine planning. Additional results will be announced as they are received, modeled and interpreted by the Company.
Table 1 below summarizes the significant intercepts contained in holes GM 93 and 121: http://www.irw-press.com/dokumente/GNMT_Table1_220210.pdf
All 2009 - 2010 drill results have thus far encountered widths and gold and silver grades equal to or greater than expected by the Company's consultants. The 2009 -2010 drilling program was designed specifically to increase drill hole density and thereby the statistical confidence levels for resource modeling in the Hill Zone. As the Company moves forward into Feasibility and Production, this tighter drill hole spacing is necessary for mine planning and to define Proven and Probable reserve categories.
Collectively the drilling on Section 3600N defines a cohesive, shallow to moderately west-dipping zone of near surface oxide gold - silver mineralization. The drill indicated extent of the mineralized body, at surface, is interpreted to be more than 360 feet (approx 110 meters) wide in true width and continuous with mineralization on adjoining drill sections to the north and the south of 3600 North.
Table 2 below summarizes the significant intercepts contained in holes GM 79, 80 89, 90, 91 and 92. As announced in the press releases of January 6 and December 3, 2009: http://www.irw-press.com/dokumente/GNMT_Table2_220210.pdf
As announced by the Company in its press release dated February 2, 2010, the 2009 - 2010 drilling program is completed. The Company completed 44 reverse circulation drill holes with a total combined footage of 12,895 feet of reverse circulation (RC) drilling, all in the Hill Zone. Drilling activities have ceased, the drill has been mobilized from the property and all samples have been delivered to American Assay for analysis. The results will be announced as results are received and interpreted.
All sampling was conducted by industry accepted standards and samples split to approximately 1/8 of the original volume using a "Jones Type" riffle splitter. Samples were stored on site until either shipped to the laboratory or picked up in the field by the laboratory. In keeping with the Company's practice of following industry accepted "best practices", drilling is sampled in five (5) foot intervals. The Company inserts a series of Standards, blanks and Certified Reference materials at a rate of approximately 1 in 30, for Quality Assurance - Quality Control.
Further details regarding the Independence 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.
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, Feb 22, 2010
General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ), is pleased to announce final assay results for the remaining delineation drill holes along Section 3600 North in the Hill Zone at Company's Independence Gold - Silver Property. Drill hole assays identify a shallow near surface oxide gold - silver mineralized body with a combined interpreted width that ranges to more than 360 feet (110 meters) in near surface oxide mineralization. These results complete the drilling on Section 3600 North in the Hill Zone and provide important definition and continuity information which will be necessary in future resource modeling and mine planning. Additional results will be announced as they are received, modeled and interpreted by the Company.
Table 1 below summarizes the significant intercepts contained in holes GM 93 and 121: http://www.irw-press.com/dokumente/GNMT_Table1_220210.pdf
All 2009 - 2010 drill results have thus far encountered widths and gold and silver grades equal to or greater than expected by the Company's consultants. The 2009 -2010 drilling program was designed specifically to increase drill hole density and thereby the statistical confidence levels for resource modeling in the Hill Zone. As the Company moves forward into Feasibility and Production, this tighter drill hole spacing is necessary for mine planning and to define Proven and Probable reserve categories.
Collectively the drilling on Section 3600N defines a cohesive, shallow to moderately west-dipping zone of near surface oxide gold - silver mineralization. The drill indicated extent of the mineralized body, at surface, is interpreted to be more than 360 feet (approx 110 meters) wide in true width and continuous with mineralization on adjoining drill sections to the north and the south of 3600 North.
Table 2 below summarizes the significant intercepts contained in holes GM 79, 80 89, 90, 91 and 92. As announced in the press releases of January 6 and December 3, 2009: http://www.irw-press.com/dokumente/GNMT_Table2_220210.pdf
As announced by the Company in its press release dated February 2, 2010, the 2009 - 2010 drilling program is completed. The Company completed 44 reverse circulation drill holes with a total combined footage of 12,895 feet of reverse circulation (RC) drilling, all in the Hill Zone. Drilling activities have ceased, the drill has been mobilized from the property and all samples have been delivered to American Assay for analysis. The results will be announced as results are received and interpreted.
All sampling was conducted by industry accepted standards and samples split to approximately 1/8 of the original volume using a "Jones Type" riffle splitter. Samples were stored on site until either shipped to the laboratory or picked up in the field by the laboratory. In keeping with the Company's practice of following industry accepted "best practices", drilling is sampled in five (5) foot intervals. The Company inserts a series of Standards, blanks and Certified Reference materials at a rate of approximately 1 in 30, for Quality Assurance - Quality Control.
Further details regarding the Independence 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.
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:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=US3703042065">http://www.irw-press.com/alert_subscription.php?lang=en&isin=US3703042065</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.