http://www.wallstreetreporter.com Profitable investing ideas Fri, 12 Mar 2010 21:25:56 +0000 http://wordpress.org/?v=2.8 en hourly 1 © jmarks@wallstreetreporter.com () jmarks@wallstreetreporter.com() 1440 Just another WordPress weblog jmarks@wallstreetreporter.com No no http://www.wallstreetreporter.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg http://www.wallstreetreporter.com 144 144 http://www.wallstreetreporter.com/2009/07/general-metals-receives-275-assays-from-the-high-grade-independence-gold-skarn/ http://www.wallstreetreporter.com/2009/07/general-metals-receives-275-assays-from-the-high-grade-independence-gold-skarn/#comments Tue, 28 Jul 2009 23:29:30 +0000 Jack http://www.wallstreetreporter.com/?p=1946 http://www.wallstreetreporter.com/2009/07/general-metals-receives-275-assays-from-the-high-grade-independence-gold-skarn/feed/ 0 http://www.wallstreetreporter.com/2009/07/general-metals-commences-advanced-metallurgical-work-to-enable-open-pit-design-and-modeling/ http://www.wallstreetreporter.com/2009/07/general-metals-commences-advanced-metallurgical-work-to-enable-open-pit-design-and-modeling/#comments Thu, 09 Jul 2009 15:34:06 +0000 Jack http://www.wallstreetreporter.com/?p=1836 http://www.wallstreetreporter.com/2009/07/general-metals-commences-advanced-metallurgical-work-to-enable-open-pit-design-and-modeling/feed/ 0 http://www.wallstreetreporter.com/2009/07/general-metals-corp-otc-bb-gnmt-cfo-interview/ http://www.wallstreetreporter.com/2009/07/general-metals-corp-otc-bb-gnmt-cfo-interview/#comments Tue, 07 Jul 2009 21:01:48 +0000 Jack http://www.wallstreetreporter.com/?p=1827 http://www.wallstreetreporter.com/2009/07/general-metals-corp-otc-bb-gnmt-cfo-interview/feed/ 0 00:01:01 General Metals Corp. (OTC BB: GNMT) Dan Forbush, CFO Flash Player 9 or higher is required to view the chartClick here to download Flash Player now if (typeof(embedWikichart) != ... General Metals Corp. (OTC BB: GNMT) Dan Forbush, CFO Flash Player 9 or higher is required to view the chartClick here to download Flash Player now if (typeof(embedWikichart) != "undefined") {embedWikichart("http://charts.wikinvest.com/WikiChartMini.swf","wikichartContainer_3C7925BC-67EE-CFCC-5E5F-570389589317","390","245",{"showAnnotations":"true","endDate":"07-07-2009","liveQuote":"true","ticker":"GNMT","startDate":"07-01-2009"});} View the full GNMT chart at Wikinvest General Metals Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District, Nevada. Permitting and Engineering for heap leach production is underway at the Independence Mine. The Company recently entered into an agreement to sell its 150 sq. km. mining concession for gold, diamonds and base metals in Ghana, West Africa for $1,000,000 in cash and stock and retains a royalty. www.gnmtlive.com INTERVIEW TRANSCRIPT WSR: Letrsquo;s bring investors up-to-date on your gold mining project in Nevada... DAN FORBUSH: Okay. Wersquo;re fully reporting publicly listed and traded production oriented junior mining company. Wersquo;re engaged in the evaluation, acquisition and thatrsquo;s kind of an important concept, that exploration of advanced gold and silver projects in the State of Nevada. And we are also looking for opportunities throughout North America. Our most important project at this time and really our sole project is the Independence Project and itrsquo;s situated due south of Newmont's Sunshine mine in the Battle Mountain, Cortez gold belt. And itrsquo;s also surrounded by Newmont's Phoenix Project, which is projected to become the largest operating gold mine in the United States. Itrsquo;s not quite there yet, but they are working towards that objective. And itrsquo;s about 14 miles southwest of the town of Battle Mount here in Nevada right off of IAD and state AD [ph]. And the project consists of 14 mining claims, unpatented mining claims, totaling about 240 acres. Now, it was predominantly a silver mine in this area, so what previously produced is a silver mine intermittently from 1938 to 1987. And it produced 750,000 ounces of gold historically ndash; of silver, sorry, historically, and about 70,000 ounces of gold at the same time. Itrsquo;s that reason that we went back to this project to find out if there was a gold envelope. And so, in 2007-2008 we did 84 drillholes, and we have been compiling and have now finished that compilation of the date wersquo;ve received that project. And itrsquo;s identified a significant envelope of mineralization in the area. Wersquo;ve sequentially tested, defined and determined that itrsquo;s a near surface oxide mineralization in this target and it appears to be amenable to low cost open pit mining and heap leaching technologies in the mining industry. And we are working very hard in the permitting process right now, so that we can bring this project into project in the near term. WSR: So, essentially your project is surrounded by some major gold producers? DAN FORBUSH: Yes. WSR: And historically, this actually has been a producing mine, although it was mostly silver, and now yoursquo;ve developed some data which indicates that there could be some significant gold there? DAN FORBUSH: That is correct. You know, Newmont is the successor to a mine that was called the Fortitude is the 80s and 90s. And the Fortitude was an enormous deposit by many standards and it was produced by a company called Battle Mountain Gold. Back even earlier than that in the late ndash; in the mid-to-late 50s, it was a copper area. So, this area is known as a copper skarn deposit, this whole entire area that we are in, and it starts off with a copper-gold core with a gold-silver halo and then a silver-gold halo, an... CEO,Interview,,Spotlight,Stocks jmarks@wallstreetreporter.com no No