General Minerals Corporation Announces Start of Drilling at the Dragoon Copper Property in Arizona.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- General Minerals Corporation ("GMC GMC See: Guaranteed Mortgage Certificate ") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GNM GNM General Nursing and Midwifery GNM Gaussian Network Model GNM Generic Network Model GNM Good News Mission GNM Gateway Node Monitor GNM Ground Nautical Miles ) is pleased to announce that BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. has commenced drilling at the Dragoon dragoon In late 16th-century Europe, a mounted soldier who fought as a light cavalryman on attack and as a dismounted infantryman on defense. The term derived from his weapon, a short musket called the dragoon. copper-molybdenum property located in southern Arizona Southern Arizona is a region of the United States. It is the southernmost portion of the 48th state, Arizona. Southern Arizona's boundaries are not well defined, but certainly include all of present-day Cochise County, Pima County, Graham County, and Santa Cruz County. , approximately 60 miles east of Tucson. BHP Billiton optioned the property in April 2005 and can earn up to a 70% joint venture interest by completing certain exploration expenditures and by making payments to GMC as announced on April 28, 2005 (see GMC PR05-04). BHP Billiton plans to complete approximately 1,200-2,500 metres of drilling within 3-5 holes, depending on initial results. The holes will be started with a rotary drill until bedrock is reached. This will be followed by core drilling to the completion depth. There are now three joint venture partners drilling on GMC properties. In addition to BHP Billiton drilling at Dragoon, Teck Cominco America Incorporated is drilling at the Monitor property near Globe Arizona, and SILEX Bolivia S.A., a Bolivian subsidiary of Apex Silver Mines Ltd., is drilling at the Malku Khota silver project in central Bolivia. The drill target at Dragoon is an enriched porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. copper system buried under valley fill gravels just north of the Dragoon Mountains. GMC was able to acquire core from a past drilling program which encountered porphyry style alteration. BHP Billiton's work over the past summer focused on expanding the geophysical surveys and developing drill targets. Up to five initial holes will be completed with depths of up to 640 metres. It is expected that the initial drill program will take several months to complete. A summary of the Dragoon property can be found on GMC's website (www.generalminerals.com) as well as information on other GMC properties. General Minerals Corporation is an international minerals exploration company focusing its activities in North and South America. The Company has six properties in the US, three in Bolivia, and one in Chile as well as six in Mexico. The target mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. is copper, silver and gold. The Company currently has four properties that are under option to major mining companies. In addition to the Dragoon copper-molybdenum project optioned by BHP Billiton, the Company has optioned the following three projects: Monitor copper-silver prospect (USA) with Teck Cominco Ltd. (Drilling began in November, 2005 and results are expected be confirmed and released in late January, 2006). Malku Khota silver project (Bolivia) with the Apex Silver subsidiary SILEX Bolivia S.A. (Drilling in progress and results released through a series of news releases). Escalones copper-gold prospect (Chile) with the Phelps Dodge Chilean subsidiary, Minera Aurex (Chile) Limitada. (Drilling permit application in progress with Chilean authorities) Certain statements contained herein constitute "forward-looking statements". These forward-looking statements are based on current expectations based on discussions between the Company and its partners. The nature, timing and extent of the planned drill programs may materially change from current intentions for a number of reasons, including if the results of early drilling differ from expectations. The Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. SEC 12g3-2(b): 82-34810 General Minerals Corporation (TSX:GNM) |
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