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General Metals Corporation (OTCBB: GNMT, Frankfurt: GMQ) is a production oriented junior mining company engaged in the evaluation, acquisition, exploration and advancement of gold exploration and development projects. Our "flagship" project is our advanced stage, Independence Project, stiuated in the prolific Battle Mountain Mining District of north central Nevada. In addition the Company holds other exploration stage properties Nevada. General Metals controls 100% of The Independence Mine, located in the Battle Mountain Gold District of northern Nevada and forms an island in Newmont Gold's land holding at it's Phoenix Mine, www.newmont.com. The Independence Mine - The Independence mine is predominately a silver mine that produced intermittently from 1938 through 1987. Reported historic production by the various operators totaled 750,200 ounces silver and 11,029 ounces gold. The average recovered grade of all recorded production was 0.17 and 11.53 ounces of gold and silver per ton respectively. Independence Near Surface Oxide Target: Measured & Indicated 207,500 oz. gold, 3.6 million oz. silver The Independence near surface target is comprised of the Independence Zone and Hill Zone areas as described in the 2008 Independence Interim Drill Report. Current NI 43-101 compliant resource estimate stands at 207,500 ounces of gold and 3.6 million ounces of silver in Measured and Indicated resource categories, with additional Inferred resources of 65,500 ounces of gold and 268,000 ounces of silver. General Metal's 2007-2008 exploration drilling campaigns were designed to bring the gold-silver mineralization in the near surface target into a resource category as defined in Canadian National Instrument 43-101. The Company is in the final stages of completing a NI 43-101 formatted Technical Report. This report contains resource estimates based on historic drilling and the Company's 84 drill holes completed during its 2007- 2008 drill program. The Company has recently completed an additional 44 drill holes to increase drill hole density in the area known as the Hill Zone. This drilling is designed to provide sufficient drill density to permit better modeling of high grade zones in the Hill Zone to both, increase the volume of mineralization reporting to the Measured and Indicated categories and increase the grade of mineralization modeled in those categories. Recent metallurgical test work completed by McClelland Laboratories of Sparks Nevada, indicates the Independence near surface mineralization will be amenable to cost efficient, heap leach technology. A 1.9 ton column test on this ore yielded 91.45 % extraction of gold on material crushed to 80% passing 4 inches. By comparison it is common for many heap leach mines to crush ores to one inch or smaller and to only achieve 70% to 75% extraction of the contained gold. Record gold and silver prices of over $1100 and $17 per ounce respectively encouraged rapid development of the Independence Mine. Independence Skarn Target: 796,200 ounces of gold This target is hosted in fractured skarn altered sediments of the Antler Peak, Edna Mountain and Battle Formations, the same rocks that host the historic Fortitude Deposit and much of the mineralization at the present and past producing mines in the Battle Mountain mineral complex. Thin and polished sections of ore show gold occurs as the last mineral phase as minute grains of free gold deposited on micro fractures independent of pre-existing mineral species. More than 25,000 feet of historic core has been re-logged and original pulps from Noranda Exploration and Great Basin Gold were re-analyzed with using modern "best practices" with Certified Reference Materials (CRM's), duplicates and blanks. Cautionary Note to U.S. Investors - The United States 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 on this website or in press releases, 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 our Form 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
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