RENO, Nev., Dec. 6, 2011 /PRNewswire/ --
General Metals (GNMT; OTC.BB) completed the Mill Site Cleanup program at the Independence Gold Project. The Company received the letter from the Bureau of Land Management acknowledging full compliance with the requirements of the Work Plan, as previously submitted to the BLM. The Company plans to reseed the former mill site to assist in erosion control prior to the time that mining commences in this area.
The Company also announces that it has engaged Thom Seal Ph.D., P.E., to work on metallurgical properties, recovery, reagents, etc. resulting in a report with recommendations on the Independence Gold Project. Dr. Seal's work will be part of the Company's Preliminary Economic Assessment of the Project and will be included in its revised CNI 43-101 report. Dr. Seal has a M.S. in metallurgical engineering, a Ph.D. in mining engineering-metallurgy and is the Barrick Gold Professor of Mining-Mineral Processing-Metallurgy at the Mackay School of Earth Sciences and Engineering, University of Nevada. He holds a professional engineering license (P.E.) in the state of Nevada, in the field of mining engineering/mineral processing. Dr. Seal is a founding registered member of the Society of Mining Engineers, and is a 'Qualified Person.'
Daniel J. Forbush, Company President and CEO said, 'Acceptance of the Mill Site cleanup by the BLM completes one more item on the checklist toward full production.
We are gratified that a person with Dr. Seal's background and credentials will be assisting us in getting the Project into production. He has considerable experience in metallurgy and mineral processing having worked for one of the world's largest gold producers,' added Mr. Forbush.
Further details regarding the Independence mineralization, drilling efforts, both historical and current together with current permitting activity are available on the Company's website www.generalmetalscorporation.com.
About General Metals Corporation:
General Metals Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring and developing its 100% controlled Independence property strategically located in the prolific Battle Mountain Mining District of Nevada.
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, that the proceeds from the recent private placement will allow the Company to proceed with permitting at its Independence Mine in Nevada or any shallow mining production at any time, that any estimated ounces of gold or silver are contained in the mineralized material in the 'Shallow Target,' and is proposed to be mined and loaded onto a cyanide heap leach pad, or any future financings that the Company may enter into.
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-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Wayne Meyerson, Investor Relations
General Metals Corporation
1155 West Fourth Street, Suite 210
Reno, NV 89503
wayne@gnmtlive.com
