General Metals Corp. Invited To Give Presentation At Sachs Associates 2nd Annual European Investor Metals and Mining Forum on June 22, 2007 at The London Stock Exchange, London
Posted on: Thursday, 3 May 2007, 12:00 CDT
General Metals Corporation (OTCBB:GNLM) is pleased to announce that it has accepted an invitation to be a presenting Company at the Sachs Associates 2nd Annual European Investor Metals and Mining Forum on June 22, 2007 at The London Stock Exchange. Emerging growth companies present to an invited audience of investment bankers, analysts institutional investors and select financial media. The Forum is also designed to facilitate one to one meetings for presenting companies to provide maximum exposure for companies seeking to expand an investor base in Europe.
Steve Parent, President, CEO comments: "This represents an opportunity for our gold and silver mining company to gain greater exposure to the European market. With our shares recently being quoted for trading on the Frankfurt Stock Exchange in Euros, the opportunity to further hedge against the falling dollar through ownership of gold mining stock is facilitated, even for US investors. We had a good experience at our recent Presentation at the Yale Club in New York and look forward to the opportunity to tell our corporate story in London."
"We have already enjoyed a substantial interest from European investors and it is management's belief that we offer an uncommon investment opportunity. We are located in the Battle Mountain-Cortez Trend in and adjacent to the largest producing gold mine in the US, Newmont's Phoenix Project, which contains reserves of 8.5 million ounces of gold and 660 million pounds of copper," www.newmont.com.
The Company is proceeding with Phase 1 drilling and permitting at its Independence Mine with an estimated 235,000 ounces of gold and 2,500,000 ounces of silver contained in our "Shallow Target", according to Ackright, in his 1997 report. In addition to the shallow target, the "Independence Deep Target", was thought to contain 2,000,000 ounces of gold according to an interoffice memo from Noranda when they completed 25,000 feet of diamond drilling. We are still in negotiations to more than double the scope of our deep target. Once concluded, we will budget the deep drilling program.
The Company recently acquired 100% ownership of 150 sq. km. of gold, diamond and base metals mining concessions in Ghana, West Africa and plans to commence exploration activities now that the concession has been upgrades to a full prospecting license.
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 Company intends to proceed with drilling and permitting at its Independence Mine in Nevada as well as to pursue its global acquisition and development strategy, that an estimated additional 235,000 ounces of gold and 2,500,000 ounces of silver are contained in the mineralized material in the "Shallow Target", and that, in addition to the shallow target, the "Independence Deep Target" may contain 2,000,000 ounces of gold, and the commencement of exploration activities by the Company in Ghana, West Africa.
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 fiscal year ended April 30, 2006, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Source: Business Wire
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