RENO, NV, Apr 05 (MARKET WIRE) —
General Metals Corporation (the “Company”) (OTCBB: GNMT) (FRANKFURT: GMQ)
is pleased to announce drill results, including 100 feet of surface oxide
mineralization grading 0.058 ounces of gold per ton (opt Au) and 0.88
ounces of silver per ton (opt Ag) over the 100 foot interval from 305 to
405 feet in drill hole GM-112 in the Hill Zone at Company’s Independence
Gold – Silver Property. These results, for holes GM-94, 98, 102, 111 and
112 on Section 3800N, and confirm the northward extension of
mineralization from Section 3700N. Table 1 below summarizes significant
results for all drill holes completed on Section 3800N.
Table 1 Current Drill Results Section 3800 North
—————— ———– ———– ———– ———- ———
Drill
Hole From To Intercept Gold Eqiv. Gold Silver
—– ———– ———– ———– ———– ———- ———-
feet meters feet meters feet meters opt g/T opt g/T opt g/T
—– —- —— —- —— —- —— —– —– —– —- —- —–
GM-94 0 0 40 12 40 12 0.018 0.68 0.011 0.42 0.47 17.57
—– —- —— —- —— —- —— —– —– —– —- —- —–
GM-98 110 34 200 61 90 27 0.026 0.98 0.020 0.76 0.42 15.52
—– —- —— —- —— —- —— —– —– —– —- —- —–
Inclu-
ding 110 34 135 41 25 8 0.047 1.78 0.035 1.32 0.47 17.46
—– —- —— —- —— —- —— —– —– —– —- —- —–
And 155 47 180 55 25 8 0.038 1.44 0.030 1.13 0.57 21.28
—– —- —— —- —— —- —— —– —– —– —- —- —–
GM-102 145 44 170 52 25 8 0.020 0.76 0.009 0.34 0.42 15.71
—– —- —— —- —— —- —— —– —– —– —- —- —–
GM-111 305 93 405 123 100 30 0.060 2.27 0.058 2.19 0.88 32.91
—– —- —— —- —— —- —— —– —– —– —- —- —–
320 98 355 108 35 11 0.100 3.78 0.080 3.02 1.33 49.73
—– —- —— —- —— —- —— —– —– —– —- —- —–
GM-112 215 66 300 91 85 26 0.033 1.25 0.028 1.06 0.38 14.21
—– —- —— —- —— —- —— —– —– —– —- —- —–
230 70 265 81 35 11 0.052 1.97 0.047 1.78 0.37 13.84
—– —- —— —- —— —- —— —– —– —– —- —- —–
GM-122 245 75 270 82 25 8 0.025 0.94 0.023 0.87 0.18 6.77
—– —- —— —- —— —- —— —– —– —– —- —- —–
335 102 380 116 45 14 0.022 0.83 0.017 0.64 0.40 15.07
—– —- —— —- —— —- —— —– —– —– —- —- —–
COVENTION: To avoid confusion, where gold and silver are expressed in
imperial units it is expressed in troy ounces per short ton of 2000 pounce
expressed (opt) where expressed in metric units they are expressed in
grams per metric tonne of 1,000 kilograms (~2,200 pounds) expressed as
(g/T)
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. Collectively the Hill Zone drilling continues to define a
cohesive, shallow to moderately west-dipping zone of near surface oxide
gold – silver mineralization.
Sample Procedures and QA – QC
All drilling is Reverse Circulation (RC) style drilling, and all sampling
was conducted by industry accepted standards with 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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