General Minerals Corporation
TSX : GNM

General Minerals Corporation

October 11, 2006 13:36 ET

General Minerals Corporation Acquires Gold Property in Sonora, Mexico and Reports Encouraging Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 11, 2006) - General Minerals Corporation ("GMC" or the "Company") (TSX:GNM) is pleased to announce that it has signed an option to purchase agreement on a 160 hectare property, Canasta Dorada, covering an area of exposed gold mineralization and located near Caborca, Sonora, Mexico. Assays from surface sampling of the exposed rocks include a series of vertical samples along a 34.8 metre long bench in the old-mine cut that average 1.00 gpt gold and at another location, 20.1metres in 6 continuous chip samples averaged 2.94 gpt gold. Significant gold mineralization has been outlined in an area measuring approximately 180 metres x 375 metres with the average gold grade of the 94 samples collected from this area being 1.0 gpt gold. Silicified and veined low angle structures within dirty sandstone, shale, and felsic intrusives are exposed within the area. The mineralized zone is exposed over a vertical thickness of approximately 45-50 metres within the 180 metre x 375 metre area.

Results of the initial sampling program include the following results from the old-mine cut:



------------------------------------------------------------------------
Sample Nos. Sample Length (Metres) Gold (gpt)
------------------------------------------------------------------------
115033 0.9 4.64
------------------------------------------------------------------------
115005 1.8 1.61
------------------------------------------------------------------------
115007 1.8 2.03
------------------------------------------------------------------------
115032 1.2 1.52
------------------------------------------------------------------------
115055 2.1 3.38
------------------------------------------------------------------------
115053 1.2 2.59
------------------------------------------------------------------------
115082 1.8 4.20
------------------------------------------------------------------------
115054 2.4 3.61
------------------------------------------------------------------------
115052 3.0 2.28
------------------------------------------------------------------------
115008 3.7 3.45
------------------------------------------------------------------------
115009-10 5.5 2.72
------------------------------------------------------------------------
115040-43 13.1 metres in 4 continuous chip samples 0.90
------------------------------------------------------------------------
115034-37
and 115044-45 20.1 metres in 6 continuous chip samples 2.94
------------------------------------------------------------------------
115015-25 34.8(i) metres long bench represented
by 11 vertical 1-3 metre samples 1.00
------------------------------------------------------------------------
115065 3x3 metre panel 1.50
------------------------------------------------------------------------
115073 3x3 metre panel 1.95
------------------------------------------------------------------------
115074 3x3 metre panel 1.60
------------------------------------------------------------------------
115076 3x3 metre panel 2.75
------------------------------------------------------------------------
115071 3x3 metre panel 0.76
------------------------------------------------------------------------
(i) The 34.8 metres are made up of 11 vertical chip samples, with
lengths ranging from 1.2 to 2.4 metres (average length was 2.0 metres)
that were collected along a 34.8 metre-long bench in the old-mine cut.
The results averaged 1.00 gpt gold.


The Company believes that there is good potential for the mineralization in the sampled area to be more extensive both laterally and vertically. Initial mapping suggests that the mineralized zone is open in all directions under alluvial gravels or within down dropped structural blocks.

GMC geologists have collected a total of 106 samples on the prospect. The results of this sampling effort have outlined a large area of potentially ore grade mineralization. Sampling has concentrated on collecting chip samples over lengths ranging from 1 to 5 metres from the old-mine cut which was the site of limited mining activity in 1980. A second area of mineralization has been identified 850 metres south-southeast of the old-mine cut which shows evidence of dry-wash placer mining. Rock chip samples from this area have returned values as high as 0.58 gpt gold.

The Canasta Dorado concession is located in the particularly enriched gold province extending from southern California through northern Sonora along the proposed Mojave-Sonora Megashear. Mines in this well established trend include Mesquite (5,000,000 oz), Picacho (500,000 oz), and Padre-Madre in the Yuma area of extreme southwestern Arizona and southeast California, and La Cholla (350,000 oz), La Herradura (3,000,000 oz), and Chanate (+500,000 oz) in the Caborca region of northwest Sonora, Mexico.

Surface exploration within the Canasta Dorada property will continue through the end of the year in preparation for a drilling program.

Assays were performed by fire assay on a 50 g sample by ALS Chemex in Vancouver, BC. The ALS Chemex laboratories in North America are all registered to ISO 9001:2000 for the "provision of assay and geochemical analytical services" by QMI Quality Registrars. In addition to this ISO registration, ALS Chemex's Vancouver laboratory has received ISO 17025 accreditation from the Standards Council of Canada. The Qualified Person on the project is Randall Moore, VP North American Exploration.

Certain statements contained herein constitute "forward-looking statements". These forward-looking statements are based on current expectations. The nature, timing and extent of the exploration program may materially change from current intentions for a number of reasons. Additionally, "forward looking statements" look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests," "potential" "interpretation" and similar expressions. These forward-looking statements, including statements regarding the Company's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information regarding the property is gathered or if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

SEC 12g3-2(b): 82-34810

Contact Information