General Metals Corporation (OTCQB: GNMT): (www.generalmetalscorporation.com) announced today that it was initiating a new round of analytical work on drill core samples from its Independence Gold and Silver Project located near Battle Mountain, Nevada. Jeffrey A. Rassuchine, the Companys Senior Consulting Geologist, will oversee the project which will involve approximately 80 samples from 300 feet of drill core from three zones - two located southeast of the old head frame and the third in the Hill Zone. The core cutting, fire assaying and atomic absorption work will be conducted under Mr. Rassuchines supervision at American Assay Laboratories in Sparks, Nevada. The work will begin during the week of the 19th August 2013 with results to follow shortly. This core is taken from holes that twinned (paralleled) three holes drilled by West Core Drilling under the supervision of Dyer Engineering in the course of their earlier geotechnical work at the Property. The first core samples submitted will be from GM #T54-11 which twinned Hole #54 in the Hill Zone.
Mr. Rassuchine indicated: The analytical work we are doing now is just the beginning of an extensive program we will undertake to complete assay work on all of the drill core we have at the Independence. Completion this work is long overdue and the results could have a material effect on the tonnage and grade of the Independence resource. We have a substantial amount of core to work with, much from deeper zones where gold and silver ore grades have been quite strong, as our 43-101 report points out.
Company CEO Dan Forbush echoed Mr. Rassuchines comments: As we move this property into its feasibility phase the work Jeff is directing will really help us further delineate the Independence gold and silver mining resource. It is a critical step in securing capital for the Company and move the Independence gold and silver mining project to the next production milestone. We anticipate a favorable correlation between the core assays and the assays from the reverse circulation drilling done previously.
About General Metals Corporation?
General Metals Corporation (OTCQB: GNMT.OB); www.nevada-goldmine.com, is an aggressive junior mining exploration and development company, based in Reno, Nevada. The company is actively pursuing the re-opening of its Independence gold and silver mining project strategically located in the prolific Battle Mountain Mining District of Nevada.
Qualified Person and NI 43-101 Disclosure
Information respecting resource estimates is based on an independent technical report entitled Technical Report of the Independence Gold and Silver Project, Battle Mountain Mining District, Lander County, Nevada USA dated June 27, 2011 and prepared for General Metals by James Ashton, P.E. and Sam G. Nunnemaker, R.P.Geo in accordance with the form requirements of National Instrument 43-101. A copy of the report is available on the General Metals website.
Cautionary Note to U.S. Investors - The U.S. Securities and Exchange Commission permits U. S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as "measured", "indicated", and "inferred" "resources", which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in General Metal's form 10-K, which may be secured from General Metals or the SEC website at: http://www.sec.gov.
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, Section 21E of the Securities Exchange Act of 1934 and in Canadian securities legislation. 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 there will be a favorable correlation in the assays for the twinned holes, the results will have a material effect on tonnage and grade, that we will complete the assays on the extensive amount of core, moving the project to the next production milestone and that the Company can further delineate the resource. 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.
CONTACT:
For further information, please contact:
Wayne Meyerson
Investor Relations
General Metals Corporation
1155 West Fourth Street, Suite 210
Reno, NV 89503
wayne@gnmtlive.com
775.583.4636 office