Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Friday 05th of September 2008
Thursday, June 26, 2008

General Metals provides drilling updates

General Metals provides drilling updates

General Metals Corporation, a junior minerals exploration and development company, based in Reno, Nevada, announced a 20 foot intercept of .092 ounces per ton gold equivalent (opt Au Equiv.), which was included in a 140 foot intercept in Hole GM-46 which averaged 0.029 opt Au Equiv.

The company said that drill holes GM-40 through GM-46, added critical information left incomplete from the 2007 drill program.

These results confirm the continuity of mineralization across the 500 foot strike length between Sections 1700 North and 2200 North.

Section 1800 North which included Holes GM-40, 41, 42, 44 and 45 is an infill fence that was first drilled this year.

All holes were drilled in an easterly direction at a angle of 45 degrees below horizontal. The holes identified mineralization within the target envelope northward from section 1700 North.

The results found a low grade halo surrounding higher grade mineralization. The mineralization on this section thins within 100 feet of the surface as a result of structural and stratigraphic control which causes the mineralization at this elevation to split into two narrow zones. Similar to Section 2200 North.

Steve Parent, President and CEO, said the results we are seeing this year continue to impress me. Both the high grade and halo mineralization exhibits excellent continuity along strike and the results continue to tie each section to the adjacent sections thereby confirming our reliance on that continuity to provide a high level of confidence in making the production decision upon which we began our permitting process.

This mineralization also remains open to depth, said Dan Forbush, the company’s CFO. The results though anticipated continue to surprise me. This project is becoming better and better. The anticipation of seeing the next results increases each time we receive a batch of assays and sometimes is heightened with the reports from the geologists as to what they are seeing in the rocks coming from each hole, he concluded.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: General Metals provides drilling updates

Fortune updates Incahuasi Este Scout drilling ...

General Metals starts expanded 2008 drilling program ...

Tombstone Exploration provides drilling results ...

Yamana Gold provides exploration updates ...

Southerwestern in scandal over Chinese gold prospect ...

Latest Metals News:

Latest News  Copper losses pull other metals prices lower

Latest News  Xstrata increases stake in Indophil

Latest News  BHP fatality closes Australian iron ore mines

Latest News  Palladium gains as other precious metals see declines

Latest News  EU halts investigations into BHP’s bid for Rio

Latest News  Aluminium falls amid gains for other base metals

Latest News  Lomin rejects Xstrata bid but leaves door ajar

Latest News  Metals drop with crude oil prices

Latest News  Antofagasta forges ahead despite rising costs

Latest News  Copper prices lower on jump in inventories


Previous: « Metals prices follow oil lower
Next: Halo Resources provides drilling results »

Visited 401 times, 2 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):