General Metals Update: Independence Mine Phase 1 Drilling Targets Identified to Define Open Pit Ore Reserve and Pave Way for Near Term Production

General Metals Corporation, The Company has identified its Phase 1 shallow drilling targets. The Independence Shallow Target and the North Target will be drilled in six discrete sections, which allows for an open pit ore reserve to be developed a section at a time. The first section to be drilled is on the Independence shallow target and will also be the first section to be mined once permitting is received for the proposed cyanide heap leach operation. The Company has already drilled and sampled approximately 130,000 tons of mineralized material that should generate over $3,000,000 of revenue on recovery. This material is slated as overliner for the heap leach pad, which is the first material to go on the pad.

By initiating the permitting process for the heap leach now we will save valuable time in the recapture of investment which will provide momentum for development of the deep zone. Dave Salari, P.Eng, Director says “This project is shaping up to be another version of the Cyanide Heap leach that I just developed, constructed and operated in the Comstock Lode. As part of our upcoming study, I will be in touch with the associated contractors that built the facility in the Comstock. Also paramount to our Battle Plan, will be a continued working relationship with both State and Federal regulators.”

After a comprehensive review of all of the data in the Company’s possession at its Reno office, a 2007 report by Geologist Paul Lindberg concludes, “All of the known historic mine records and more recent surface drilling indicate that the mineralization found at the Independence Mine is merely the higher level expression of a deeper gold skarn ore target at depth. The Wilson-Independence property contains both shallow and deep economic grade mineral potential… Once the initial… drill holes have been completed, fill-in drilling would help define an open pit ore reserve.”

Lindberg further states: “There are two known types of ore deposits in the Independence and Fortitude mine areas. Both are believed to have been formed peripherally around the Wilson lobe and the main body of the Copper Canyon stock, a 38 million year old granodiorite intrusive. These lobes may be connected at depth to a larger intrusion. The shallower Independence mine ore deposit contains… elevated silver values relative to gold, indicative of higher level epithermal veins that overlie deeper hypothermal mineralization where gold values are expected to increase… the second ore type is a gold bearing skarn in the more prospective Antler Peak Limestone that lies at depth below the Golconda thrust plate. This type of skarn ore is found at the Fortitude deposit and has also been found to underlie the epithermal veins found at the Independence mine. The greatest gold ore potential on the property lies at depth within the skarn zone.”

Paul Lindberg is a renowned structural geology expert and has consulted on very large projects for Phelps Dodge and other major mining companies over the years. The Company’s President and CEO, Steve Parent comments: “I was introduced to Paul Lindberg while working on a copper exploration project in Arizona in the 1980s. We worked well together and we have consulted several times since. It became clear as we near the definitive drilling campaigns that Paul’s input would prove invaluable. He has agreed to assist us in making the Independence a world Class project.”

According to Carew in a 2006 Summary report: “The Independence property is strategically located on strike with Newmont’s world class Fortitude / Phoenix gold skarn deposit whose gold reserves exceed 8.5 million ounces and is scheduled for production in mid 2006. The Independence property has reasonable potential to develop an underground resource in the Antler sequence, together with a smaller surface / near surface resource in the overlying Pumpernickel formation… The Fortitude deposit, located some 4000 feet to the north, contained roughly 2.8 million ounces of gold in a compact ore body of 2.4 million tons.”

About General Metals: We currently control 100% of The Independence claims which are completely surrounded by Newmont Mining’s Phoenix Mine www.newmont.com and is a 240-acre island with legal access. From 1983 - 1997 there were several exploration campaigns conducted by Noranda, Teck Exploration, Northern Dynasty and Great Basin Minerals which resulted in about 80 reverse circulation and core drill holes being drilled and reported. The 1997 Carrington Report, the 1997 Akright Report, the 2006 Carew Report and the 2005 Frost and Larsen findings are available for review in their entirety at the Company’s office in Reno, Nevada. An Executive Summary is available on the Company’s website www.generalmetalscorporation.com

The Company has an initial exploration budget for the Independence Mine of $1,350,000 which will be expended for geology, geophysics, phase 1 drilling and early permitting. The Company has received over $350,000 to start the Phase 1 drilling program. Targeted recovery: 235,000 oz. of gold and 2.5 million oz. of silver.

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, the closing of the acquisition of Mikite Gold Resources and the Nyinahin Mining Concession, any exploration by Newmont Mining in the area, the mineralization of the Concession, the budget for, and any exploration of, the Mining Concession to be acquired, any additional acquisitions in Ghana, that an estimated 235,000 ounces of gold and 2,500,000 ounces of silver are contained in the mineralized material in the target, and the budget, expenses and permitting associated with any Phase 1 drilling program.

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 2006 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:
Steve Parent
CEO
General Metals Corporation
generalmetals@hotmail.com
775.686.6078 office
775.721.6428 cell

Copyright © 2007 SYS-CON Media. All Rights Reserved.


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