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Today's hot alert includes : General Metals Corporation (the "Company") (OTCBB: GNMT)
General Metals Has Started 15,000 Foot RC Fill-In Definition Drilling Program for Independence Hill Zone
RENO, NV -- 10/27/09 -- General Metals Corporation (the "Company") (OTCBB: GNMT | Quote | Chart | News | PowerRating) (FRANKFURT: GMQ1) has started its planned 15,000 foot reverse circulation (RC) fill-in drilling program for its Independence Gold - Silver Mine. The initial resource calculations by our Independent Qualified Person showed tonnages similar to the General Metals in-house estimate, but of lower overall grade (0.014 opt Au vs 0.019 opt Au). The reason for the difference is attributed to the nominal drill spacing of 100' along section and 200' between sections. This density is adequate to accurately outline the low grade gold envelope but it is insufficient to provide the confidence required to project the higher grade structurally controlled gold silver mineralization between sections.
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