General Minerals Corporation-Monitor Porphyry Copper-Silver Target, Arizona Update: Further Encouraging Results.VANCOUVER, British Columbia -- General Minerals Corporation (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 ) ("GMC GMC See: Guaranteed Mortgage Certificate ") is pleased to announce continued encouraging results from the Monitor copper-silver property located in Pinal County, Arizona Pinal County is located in the central part of the U.S. state of Arizona. As of 2000 its population was 179,727. The county seat is Florence. Pinal County contains parts of the Tohono O'odham (formerly Papago) Indian Reservation and the Gila River Indian Reservation. . The property is situated approximately 5 kilometres northeast of Grupo Mexico's (Asarco) Ray porphyry copper complex. Initial results reported in January (GMC PR 04-02 January 27, 2004) led to the delineation of an area of approximately 2 square kilometres with characteristics suggestive of an underlying porphyry copper occurrence. Subsequent work consisting of additional mapping and sampling has continued to develop and enhance this target. Continuing work on the property has identified a much larger area which is approximately 2 by 2 kilometres in size that displays characteristics typical of porphyry copper systems with limonite limonite (līm`ənīt) or brown hematite (hĕm`ətīt, hē`–), yellowish to dark brown mineral, a hydrated oxide of iron, FeO(OH)·nH2 development after sulfide minerals. This area is characterized by fractured Dripping Springs quartzite quartzite, usually metamorphic rock composed of firmly cemented quartz grains. Most often it is white, light gray, yellowish, or light brown, but is sometimes colored blue, green, purple, or black by included minerals. with hematite, jarosite and goethite goethite Widespread iron hydroxide mineral, α-FeO(OH), the most common ingredient of iron rust. In terms of relative abundance, it is second only to hematite (α-Fe2O3) among iron oxides. developed on the fracture planes. GMC has completed a wide spaced reconnaissance soil grid over approximately two thirds of this area with a total of 170 samples taken. Soil results show elevated metal values, which include anomalous values in copper, lead, zinc and iron over the majority of the area of limonite occurrence. These results are suggestive of a local metal source and further support the potential of an underlying porphyry copper system. Continued rock chip sampling by GMC has produced results including 0.67% copper and 178 grams per ton silver over 36.6 meters from an open cut in an area located 850 meters south of any results reported in the previous press release. This area is known as the Silverado Zone and is characterized by copper and silver 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. hosted within fractured Dripping Springs quartzite. Investigation of the outcrop suggests that the area contained primary mineralization of predominantly chalcopyrite which has subsequence sub·se·quence n. 1. Something that is subsequent; a sequel. 2. The fact or quality of being subsequent. 3. Mathematics A sequence that is contained in another sequence. Noun 1. been oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. . With the identification of the Silverado Zone, GMC has now outlined significant mineralization in the following areas which are located within an area of 1500 x 1000 meters:
---------------------------------------------------------------------
Sample Area Sample Type Sample Length Copper % Silver
Numbers meters gpt
---------------------------------------------------------------------
47501-08 Saddle area continuous 48.8 0.61 57
520 m SW of chip samples
Monitor
---------------------------------------------------------------------
47433-41 Big Cut continuous 54.9 0.78 59
200 m ENE chip samples
of Big Cut
---------------------------------------------------------------------
47575-80 Silverado continuous 36.6 0.67 178
850 m SSW chip samples
of Big Cut
---------------------------------------------------------------------
47403-04 Merrimac continuous 10.7 1.94 17
1000 m E chip samples
of Monitor
---------------------------------------------------------------------
47409-15 Merrimac continuous 21.3 1.46 66
1000 m E chip samples
of Monitor
---------------------------------------------------------------------
Silverado continuous 36.6 0.67 178
850 m S chip samples
of Monitor
---------------------------------------------------------------------
These results suggest an oxide copper/silver target is present, hosted within the Precambrian sedimentary sequences and located at shallow depths. GMC has recently applied for seven additional State of Arizona Exploration leases which have been approved. These leases cover an additional 1,035 hectares and are located to the south and west of the existing property under the control of GMC. The new leases to the west are located within 1400 meters of the Ray Mine complex and add to the overall potential of the Monitor property. The Ray Mine is the second largest producing copper mine in Arizona and last year produced 272.0 million lbs. of copper which was exceeded only by Phelps Dodge's Morenci Mine. Efforts are continuing to secure a joint venture partner for the further development of the Monitor property. The property has been shown to a number of interested parties. General Minerals' rock samples were analyzed by ACME Laboratories in British Columbia. ACME is a fully ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified facility. Analyses were carried out by ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. . Mr. Ralph Fitch, President of General Minerals Corporation, is the Qualified Person on the Project as set out by the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. Disclosure Standards and National Instrument 43-101. Mr. Fitch was assisted by Mr. Randy Moore, Professional Geologist number, WA RPG # 1390 also a Qualified Person, and Dr. Jacob Skokan, consulting geophysicist. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion