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Gold/Mining/Energy : General Metals Corp. (GNMT)

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From: blenderHEAD	1/9/2012 10:33:17 AM
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Surrounding the mine and the 280-odd acres controlled by General Metals is Newmont Mining (NYSE: NEM). You can see its haulers all over the place. It’s being worked for LARGE MINING as we speak. To use a well-worn phrase, a picture, as in this one taken from our flight over the property this week, tells a story better than a thousand words do. In this case, as I prepare for Peru and Colombia, I do not have time for 1k words in this report. In the meantime, allow this photo of Newmont’s Phoenix Mine and surrounding area to speak the words. The Battle Mountain region is prolific when it comes to gold, copper and some silver. The photo shows what Newmont says will be the largest open-pit operation it will own in the state of Nevada as the massive workings of its property progress this decade and next. The Battle Mountain district, as in the photo here, already has produced about four million ounces of gold. This includes properties called Fortitude, Phoenix and the Independence Mine, where young Bob Carrington cut his teeth. Fortitude is a 7.5 million-ounce Newmont reserve at 0.25 grams gold per tonne, I am told. url.ie

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