Science & Technology
Science and Technology
Science and Technology
Mon, June 29, 2009
General Metals Corporation : General Metals Management Discussion of the Surface Oxide Mineralization Under Development and the
RENO, NV--(Marketwire - June 29, 2009) - General Metals Corporation (the "Company") ( The Independence Surface Oxide Deposit is spatially and presumably genetically associated with the sub vertical Independence Fault zone which runs length wise along the property for more than one mile. Almost directly beneath the Surface Oxide Deposit lies the best mineralized portion of the Independence Gold Skarn deposit, also along the projection of the Independence Fault in the underlying Antler Sequence. The Antler Sequence is composed of the Edna Mountain Formation, the Antler Peak Formation and the Battle Formation. The bulk of the skarn related gold mineralization is contained in the Battle formation as shown on the attached block model. Surface oxide mineralization at the Independence Property represents the epithermal "finger print" of underlying gold skarn mineralization in the porphyry related gold skarn altered portion of the Independence system. The Company believes the North - South trending Independence Fault, and lesser related faults, acted as conduits or "plumbing systems" which allowed mineral rich, late stage volatile fluids, fractionated from the intrusives as they cooled and crystallized to migrate away from the high temperature and pressure environment of the intrusive bodies. As these fluids migrated away from intrusive bodies such as the Independence and Copper Canyon stocks, changes in rock chemistry, temperature, pressure due to fracturing caused the mineral solutions to become unstable resulting in mineral deposition in favorable sites. Strong evidence of the intrusive / porphyry association exists throughout the system in the form of diatreme breccias and distinct geochemistry and alteration characteristic only of porphyry related mineral systems. Small but extensive diatreme breccias and breccia dikes, locally referred to as "pebble dikes" occur along members of the Independence Fault zone. These diatreme breccias typically are composed of well rounded, milled chert pebbles in a matrix of igneous rock flour derived from the intrusive. Numerous dikes of various ages, some of which have nearly identical composition as the Independence Stock also cut the Pumpernickel formation in the vicinity of mineralization and may be related to the diatremes. The distinct geochemical characteristics of the near surface oxide mineralization, which contains elements known to have a strong affiliation with porphyry derived mineralization, but which are otherwise very uncommon in epithermal mineralization also support the model of porphyry derived mineralization at the Independence. In addition to known mineralization in the Surface Oxide and underlying Gold Skarn, significant potential exists to discover high grade "bonanza" style epithermal, vein style mineralization in structures between the Surface Oxide and the Gold Skarn. Similar high grade potential exists in "feeder zones" below the gold skarn in the Harmony formation where the Independence Fault cut the basement rock and allowed circulation of mineral bearing fluids being driven off of the cooling intrusives. Feeder Zones Very high grade feeder zones exist on the Independence Property beneath the Gold Skarn. Gold and silver bearing fluids appear to have circulated through narrow feeder zones in the Cambrian age Harmony Formation along tightly confined structures, as intersected in core hole WI-001 drilled by Great Basin Gold where the 5.2 feet from 3297.5 to 3302.7 feet (1005.3 - 1006.9 meters) assayed 2.160 ounces of gold per ton. These narrow "feeder zones" while very difficult to target for exploration from the surface will likely be found below and proximal to the highest grade portions of the gold skarn and represent a significant future high grade exploration target, particularly if exploration can be conducted from more advantageous underground locations in the gold skarn. Gold Skarn Mineralization After passing through the Harmony formation, mineral bearing fluids migrated into the highly favorable skarn altered rocks of the Antler Sequence. Skarn alteration induced brittleness facilitated extensive fracturing due to structural and thermal stresses resulting in high porosity and permeability within the skarn zone. This porosity and permeability allowed excellent fluid circulation resulting in gold deposition on these fractures as the solutions moved through the skarn. Shallow Mineralization As the mineral bearing fluids continued to migrate out and upward along the Independence Fault and related structures, where suitable geological environments existed additional portions of their mineral load were deposited. The most significant of these currently known is the Independence Surface Oxide Deposit, developed when ascending mineral bearing fluids encountered brittle, highly fractured recrystallized, semi-massive chert zones resulting in a porous, permeable, low temperature environment. Hot mineralizing fluids, which may have been in the range of 280 to 300oC, circulating in the relatively cool fractured chert resulted in significant additional thermal stress and fracturing much like pouring hot boiling water into a cold glass induces thermal stress, fracturing and porosity all over your kitchen. Potential for High Angle, High Grade Veins Significant potential exists to discover additional high grade, epithermal, vein style "bonanza" mineralization between the Surface Oxide Deposit and the Independence Gold Skarn. Mineralization will occur where mineral bearing fluids circulated in structures cutting relatively unfractured rocks where the structures had good access to low pressure, low temperature regions, such as the near surface environment. High pressure and temperature gradients resulting in boiling resulting in mineral instability and subsequent deposition. In this case minerals which had been stable and mobile in solution begin to deposit very rapidly with the potential to form high grade vein style mineralization which may have considerable vertical continuity and very high grades. Development Strategy The Company believes the logical development strategy for the Independence Property is to develop the surface oxide mineralization, then follow with exploration and development of the gold skarn and potential vein structures between the surface and skarn, eventually exploring and developing potential feeder structures in the basement rocks. Independent Report Forthcoming A comprehensive discussion of both areas of mineralization discussed above will be contained in the upcoming Independent Report with resource calculations in respective categories. Further details regarding The Independence mineralization and drilling efforts both historical and recent are available on the Company's website [ www.gnmtlive.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 its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District, Nevada. Permitting and Engineering for heap leach production is underway at the Independence Mine. The Company recently entered into an agreement to sell its 150 sq. km. mining concession for gold, diamonds and base metals in Ghana, West Africa for $1,000,000 in cash and stock and retains a royalty. 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 later this year, 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-KSB for the 2008 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
