SOURCE: General Metals Corporation

September 20, 2010 09:30 ET

General Metals Reports Hill Zone Drill Results From Independence Includes 145 Feet Averaging 0.034 opt Gold and 0.63 opt Silver

RENO, NV--(Marketwire - September 20, 2010) -  General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ), is pleased to announce the following drill results, including 145 feet, from 255 to 400 feet which averaged 0.034 opt Au and 0.63 opt Ag in the Hill Zone. All drill intervals reported herein are oxide in nature, originate in the Hill Zone, and are similar in character to material which recently yielded more than 91% extractable gold in large diameter bulk column leach tests previously reported by the Company. These results continue to build on the Company's earlier work and to expand the Independence project.

Table 1
Hill Zone Surface Oxide Resource Area Drill Results

Drill Hole Intercept (Feet) Gold Equiv. Gold Silver
  From To Length opt opt opt
GM-103 125 165 40 0.014 0.013 0.07
Also 220 325 105 0.053 0.049 0.26
Incl. 295 305 10 0.253 0.249 0.32
GM-104 90 175 85 0.017 0.014 0.22
Incl. 135 155 20 0.030 0.024 0.40
GM-105 50 115 65 0.020 0.015 0.34
Incl. 85 110 25 0.034 0.027 0.53
GM-106 70 90 20 0.035 0.012 1.60
Also 195 230 35 0.018 0.013 0.36
GM-107 45 225 180 0.021 0.015 0.46
Incl. 95 135 40 0.047 0.035 0.84
GM-108 190 230 40 0.024 0.017 0.51
GM-109 0 30 30 0.052 0.032 1.39
Also 210 325 115 0.025 0.019 0.43
Incl. 255 295 40 0.046 0.033 0.92
GM-110 0 45 45 0.023 0.019 0.28
GM-111 0 5 5 0.095 0.050 3.21
Also 255 400 145 0.043 0.034 0.63
Incl. 305 390 85 0.069 0.055 0.99

CONVENTION: 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)

Discussion of Results
As previously discussed, this drilling "tightens up" the drill spacing in the Hill Zone and is specifically designed to increasing the quantity of mineralization reporting to Measured and Indicated Resource categories. To date, all holes have encountered mineralization at least as good as targeted and in cases substantially better both in grade and width.

Hole GM-103, located on Section 4000N, fills a space in the earlier drill pattern between previously announce holes GM 55 and 56, demonstrating continuity and grade of mineralization. In hole103, 10 feet from 295 to 305 feet average 0.249 opt Au within a larger 105 foot intercept averaging 0.049 opt Au and 0.26 opt Ag from 220 to 325 feet. The high grade mineralization is thought to be associated with one of the many sub-vertical feeder structures within the larger overall sediment hosted Independence gold system. 

Hole GM 104 is on Section 4200N, and extends mineralization westerly beyond holes GM-82, 83 and 84, with an 85foot intercept grading 0.014 opt Au and 0.22 opt Ag from 90 to 175 feet, confirming continuity of grade and width to the west of these holes and down dip. Hole GM 105, on Section 4300N, extends mineralization northerly from section 4200, extending known width and grade in that direction. 

Drill Hole GM-106, was successfully drilled on Section 3000N and confirms grade and extent of mineralization between GM 27 and 51. GM-106 contained two significant mineralized intercepts with a combined drill length of 55 feet averaging 0.012 opt Au and 0.61 0pt Ag, and as summarized in Table 1 above. 

Hole GM-110, drilled on Section 3500 N, successfully demonstrates continuity of mineralization between sections 3400 N and 3600 N in an area where an old open hole "air track" hole from the early 1980's returned inconclusive and contradicting information. 

Drill holes GM-107, 108, 109 and 111 all on Section 3100N, returned some of the largest intercepts of this program. GM-107 intersected 180 feet of mineralization from 45 to 225 feet averaging 0.015 opt Au and 0.46 opt Ag, and Hole GM-111 returned a 145 foot intercept from 255 to 400 feet grading 0.034 opt Au and 0.63 opt Ag. Drill hole GM-108 intersected 40 feet of mineralization from 190 to 230 feet grading 0.017 opt Au and 0.51 opt Ag while GM-109 returned 30 feet of mineralization from the surface grading 0.032 opt Au and 1.39 opt Ag. These highly mineralized holes on Section 3100N are situated in a crucial area, near the northernmost extent of the underground mine workings in an area where the Canyon Fault has historically been thought to terminate mineralization. This drill fence cuts diagonally across this structural zone, proveing mineralization is extensive across the fault structure, and that the intersection of the Canyon Fault and the Independence Zone may be broadly mineralized and deeply oxidized.

Further information regarding the Company and the Independence Project, including a map of drill holes is available on the Company's website at 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.

Sample Procedures and QA - QC
All drilling is Reverse Circulation (RC) style drilling, and all sampling was conducted in accordance with industry accepted standards. Samples were collected on the drill site and split to approximately 1/8 of the original volume using a "Jones Type" riffle splitter. Split samples were stored on site behind secured locked gates until either shipped to, 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. All analytical services were performed by American Assay Laboratories of Nevada. Gold content was determined by 30 gram fire assay with an AA finish. High gold values are checked by 30 gram fire assay with a gravimetric finish. Silver is determined by 2 acid digestion with an ICP finish, with high grade samples checked by 30 gram fire assay with a gravimetric finish.

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