SOURCE: General Metals Corporation

March 01, 2011 06:50 ET

General Metals Corporation Commences Column Leach Evaluation on Independence Project Underground Material

RENO, NV--(Marketwire - March 1, 2011) - General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ) is pleased to announce the start of a large diameter column leach test on the bulk samples taken in the South Zone of near surface, oxide mineralization which had been previously delivered to the lab. Due to the highly successful results of the large diameter column leach test on the Hill Zone, the Company instructed McClelland Metallurgical Laboratories of Sparks, Nevada to proceed immediately with this test on the South Zone sample. This bulk sample was taken from the underground workings on the property and should provide a very good view of the recovery of gold and silver from the property once the open pit mine has been developed. The column leach tests of this sample will be conducted at 2 and 6 inch.

From the large diameter column leach test McClelland will be conducting additional analytical and characterization work to better characterize the leach parameters to optimize leach results for use in designing full scale operations. Upon completion of this large diameter column test, McClelland will be providing the Company with an independent certified report of the results. The Company is highly optimistic that like the bottle roll tests, the columns will show excellent recovery with little difference between feed sizes.

"We have overcome the challenge of getting the permitting process moving," said Daniel J. Forbush, CPA, Company President and CFO. "We anticipate adding the results from this test to the results from previously completed tests and other tests we are about to begin. In combination all these results bring us ever closer to moving dirt on this project and producing gold. I know many of you think, 'I've heard that before, what makes this different?' Well, we have already paid for the tests and other work before they begin. This ensures that the work will progress uninterrupted. Therefore, there will be further reports with increasing regularity." 

"Once again, we express our deep gratitude to those that have shown their belief in our potential and progress by providing funding to complete this work," added Mr. Forbush.

Further details regarding the Independence mineralization, drilling efforts, both historical and current, together with current permitting activity are available on the Company's website www.generalmetalscorporation.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