SOURCE: General Metals Corporation

April 05, 2010 06:21 ET

General Metals Reports 100 Feet Assaying 0.058 Ounces Gold in Hill Zone at Independence Property -- Extends Wide, Near Surface Mineralized Zone

RENO, NV--(Marketwire - April 5, 2010) - 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 Information

  • 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