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Article Excerpt
M2 PRESSWIRE-12 March 2009-WhisperfromWallStreet.com: WhisperfromWallStreet.com a[euro]oeStock Promotion Alerts" for today are General Metals Corp (OTC BB: GNMT) and Advanced Cell Tech (Other OTC: ACTC).(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:12032009
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GENERAL METALS CORP (OTC BB: GNMT.OB)
General Metals Expands Operations in 2009 Ramp Up for Production
RENO, NV -- General Metals Corporation (the "Company") (OTC BB:GNMT.OB - News) (Frankfurt:GMQ.F - News) announced today that the Company's highly successful 2007 - 2008 Phase 1 drilling program at the Wilson Independence Mine in the Battle Mountain Mining District of Nevada identified significantly more mineralized material than originally anticipated and the Company has opened escrow on the acquisition of an additional 480 acres of private land on which to conduct the planned mineral processing operations and heap leach activities in the 2009 ramp up for near term production.
2007 - 2008 Phase 1 Drilling and Historical Results
During the 2007 - 2008 Phase I drilling program, the Company completed 26,055 feet in 84 drill holes. Holes range from vertical to 45 degrees easterly and vary from 25 to 580 feet deep and average 336 feet in depth. The company has commissioned an Independent technical report by a Qualified person to assess the results. Until the report is complete, investors are cautioned not to rely on these results and estimates for investment purposes.
The Company's drilling has identified a large body of near surface oxide mineralization over a strike length of more than 3,000 feet and discovered the new Hill Zone. Mineralization is open to depth and along strike to the north, which the company believes will be amenable to mining and production by low cost open pit and heap leaching techniques. After a thorough review of the Company's drill data to date, combined with historic drill data, the Company's consultants calculate a drill inferred Global Estimate of 39,089,939 tons of mineralized material, containing 569,347 ounces of gold and 11,327,160 ounces of silver in the near surface oxide mineralization. This estimate is a global estimate of...
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