General Metals Corporation Appears in Investors Business Daily.
Please visit your local IBD distributor to review the information regarding General Metals Corporation located in the Corporate News Section, Investors can also go to http://www.investors.com/corporatenews/.
About General Metals Corporation: The Company controls 100% of the Independence claims, which are completely surrounded by Newmont Mining's Phoenix Mine (www.newmont.com), and is a 240-acre island with legal access. Newmont enjoys 8.5 million ounces of gold and 660 million pounds of copper in reserves with substantial additional mineralized material, which is target to be upgraded. The Phoenix Mine is the largest operating gold mine in the US.
From 1983 - 1997 there were several exploration campaigns conducted on the Independence claims by Noranda, Teck Exploration, Northern Dynasty and Great Basin Minerals, which resulted in about 80 reverse circulation and core drill holes being drilled and reported. The 1997 Carrington Report, the 1997 Akright Report, the 2006 Carew Report and the 2005 Frost and Larsen findings are available for review in their entirety at the Company's office in Reno, Nevada. An Executive Summary is available on the Company's website www.generalmetalscorporation.com.
The Company recently completed the acquisition of 150 sq. km. of mining concessions for gold, diamonds and base metals in Ghana, West Africa, and plans to commence exploration activities this year.
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, any exploration activities in Ghana that may commence this year.
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 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.
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|Date:||May 2, 2007|
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