"Intersects 155 Feet of Near Surface"General Metals Drilling Intersects 155 Feet of Near Surface Oxide Mineralization at Wilson Independence Mine With Holes Bottoming in Mineralization
Feb 21, 2008 8:04:00 AM
View Additional ProfilesRENO, NV -- (MARKET WIRE) -- 02/21/08 -- General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ) is pleased to announce the following additional drill results from its Wilson Independence Shallow 2007 drilling program for holes GM - 13, 14 and 15. Holes GM 13, and 14 are situated on Section 2400 North, and hole GM 15 is on Section 2900 North as attached to this press release. All holes encountered oxide mineralization with grades equal to or higher than anticipated over larger than expected intervals within the targeted zones, as a result two holes bottomed in mineralization.
Discussion
Drilling results to date are developing a clear picture of a body of near surface oxide mineralization exhibiting excellent continuity along strike and down dip. The mineralized body appears composed of a higher grade core surrounded be a broad halo of low grade oxide mineralization. Mineralization is thoroughly oxidized, outcrops along much of the area being drilled and extends beyond the limits of present drilling on strike and at depth. Exposures of this mineralization in historic mine workings confirm the high degree of continuity being found in the drilling. These results indicate high potential for an open pit heap leach operation with near term production potential for which planning is underway.
Drill holes GM 13 and 14 on Section 2400 represent a 700 foot step out to the north from holes previously announced on Section 1700 North, in the Company's press release dated January 8, 2008. Drill hole GM 15 on Section 2900 North represents a 500 foot step out to the north beyond holes GM 13 and 14.
The following table provides salient data for these holes.
Table 1
Gold
Mineralized Intercepts Equivalent
----------------------------------------- ---------
oz/t Au
Equiv
@ $15
Inter- Ag g/t
From To rcept Gold Gold Silver Silver $800 Au
(feet)(feet)(feet) oz/t g/ton oz/t g/ton Au Equiv.
----- ----- ----- ----- ----- ----- ----- ----- -----
GM-13 280 350 70 0.021 0.66 0.42 13.11 0.029 0.91
----- ----- ----- ----- ----- ----- ----- ----- -----
Including 290 315 25 0.041 1.28 0.84 26.13 0.057 1.77
----- ----- ----- ----- ----- ----- ----- ----- -----
*Note: GM 13 bottomed in mineralization at 350 feet.
GM-14 145 300 155 0.007 0.15 0.45 14.15 0.016 0.49
----- ----- ----- ----- ----- ----- ----- ----- -----
Including 170 195 25 0.018 0.56 1.03 32.04 0.037 1.04
----- ----- ----- ----- ----- ----- ----- ----- -----
and 235 245 10 0.027 0.84 0.60 18.66 0.038 1.19
----- ----- ----- ----- ----- ----- ----- ----- -----
*Note: GM 14 bottomed in mineralization at 300 feet.
GM-15 195 230 35 0.018 0.57 0.43 13.49 0.026 0.82
----- ----- ----- ----- ----- ----- ----- ----- -----
200 220 20 0.030 0.93 0.56 17.35 0.041 1.26
===== ===== ===== ===== ===== ===== ===== ===== =====
Results
Section 2400 North
All holes on this section intersected deeply oxidized mineralization over significant widths within the projected target zone. As stated above, these holes represent a 700 foot step out to the north from previously announced holes. Both holes bottomed in mineralized material, intersecting wider than anticipated zones of mineralization. GM - 13 bottomed in mineralization assaying 0.028 opt Au equiv after passing through 70 feet of mineralization with an average grade of 0.029 opt Au equiv. Higher grade mineralization with an average grade of 0.057 opt Au equiv. occurs over the 25 foot interval from 290 to 315.
GM - 14 intersected 155 feet of mineralization with an average grade of 0.016 opt Au equiv over the interval from 145 to 300 feet. Higher grade mineralization was intersected in two zones within this interval, the 25 feet from 170 to 195 averaging 0.037 opt Au equiv. and the interval from 235 to 245 feet averaging 0.038 opt Au equiv. Hole GM - 14 bottomed in mineralization assaying 0.01 opt gold equiv.
Hole 13 was drilled to test projections of mineralization, structure and stratigraphy down dip from the historic Independence Mine while GM 14 was drilled to test similar up dip projections closer to the surface. Both holes successfully tested mineralization within the projected target zone intersecting mineralization over larger than expected intervals and both ending in ore.
Section 2900 North
Drill hole GM - 15 was drilled roughly 700 feet north of GM-14, testing projections of mineralization, structure and stratigraphy up dip from the historic Independence Mine working. This hole provides the highest test of the up dip projections of mineralization to date. GM - 14 intersected thoroughly oxidized mineralization averaging 0.026 opt Au equiv. over the 40 foot interval from 190 to 230 feet, including a higher grade 20 foot interval from 200 to 220 which averaged 0.041 opt Au equiv.
A detailed description of the exploration and production history of the Independence property is available on the Company's web site at www.gnmtlive.com
About General Metals Corporation: The Company is production and growth oriented and controls 100% of the strategically situated Independence Mine property located in the prolific Battle Mountain Mining District on the Battle Mountain - Eureka gold trend, in Humboldt County, Nevada, adjacent to the giant Phoenix project. The current drilling program is designed to confirm early estimates of mineralized material thought to contain 235,000 oz. gold and 2,500,000 oz. silver and to expand the mineralized envelope which enhances near term production numbers. The Company also owns 150 sq. km. of mining concessions for gold, diamonds and base metals in Ghana, West Africa and plans to commence exploration activities this year.