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Press Release -
General Metals Corporation |
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General Metals represents a fantastic opportunity for people to invest for a multiple return on their investment. We are closer to making that return today, which is easy to say, because we are closer to gold production with every passing day. We truly believe that we are currently grossly undervalued and look forward to providing our shareholders with robust returns on their investment. - Daniel J. Forbush CPA, M.B.A. (GNMT) (Interview published January 27, 2012) |
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General Metals Corporation Announces the Initiation of Work on the Preliminary Economic Analysis on its Independence Gold and Silver Project
Further details and additional information regarding the Independence mineralization, drilling efforts, both historical and current together with current permitting activity are posted 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 and highly prospective Battle Mountain Mining District of Nevada.
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 our form 10-K which may be secured from us or the SEC website at: http://www.sec.gov/edgar.html 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. Wayne Meyerson Investor Relations General Metals Corporation 1155 West Fourth Street, Suite 210 Reno, NV 89503 wayne@gnmtlive.com 775.583.4636 office
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