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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (21547)	9/20/2006 11:06:26 AM
From: loantech	Read Replies (2) \| Respond to of 78419

Jack Chan is sure bearish.

To: LoneClone who wrote (21547)	9/20/2006 11:06:29 AM
From: LoneClone	Read Replies (1) \| Respond to of 78419

General Minerals identifies anomalous indium and gallium zones at the Malku Khota silver project Source: Press Release metalsplace.com General Minerals Corporation ("GMC")(TSX: GNM) said Tuesday that it is continuing its exploration of the Malku Khota silver property in Bolivia. Most recently, GMC has assayed a number of previously reported on sections of drill core for indium and gallium. Previously, those drill cores were analyzed for silver, which results were reported on in press releases GMC PR 05-13 (Dec. 12, 2005) and GMC PR 06-01 (Jan. 10, 2006). The results of the newest assays indicate that parts of the silver mineralized system are also anomalous in indium and gallium. Indium prices recently have ranged between US$200- US$1,000 per kilogram (US$0.20- US$1.00 per gram) and the gallium price has ranged between US$330- US$400 per kilogram (US$0.33-US$0.40 per gram). Indium has a variety of industrial applications which include ITO coatings for flat panel displays, semiconductors and solders. The price for the pure metal has risen fairly dramatically in recent years due primarily to the increasing demand for flat panel displays. Only four years ago the price was US$70/kg but more recently has been as high as US$1,000/kg. The current price is approximately US$850/kg or US$0.85/gm. Gallium is used in a number of electrical devices, most notably, LEDs. The Company is currently in the process of determining whether indium and gallium can be recovered together with the silver through metallurgical testing. The testing is being supervised by Dr. David Dreisinger (see GMC PR 06-13, June 13, 2006) and is being conducted using the testing facilities of SGS Lakefield's laboratory in Chile. The leach tests for indium and gallium are currently being set up to determine whether indium and gallium can be leached and, if so, whether saleable indium and gallium products can be produced rather than recovering those metals in traditional flotation concentrates. The two areas at Malku Khota that are high in indium are the southern part of the Limosna zone represented by drill hole LMD001 and the central Malku Khota zone represented by drill hole MKD001. A portion of drill holes LMD001 and MKD001 assayed for indium and gallium averaged as follows: Drill Hole Width(metres) Silver(gpt) Indium(gpt) Gallium(gpt) LMD001 65.4 37 17.9 2.6 MKD001 81.9 58 23.9 5.2 The central portion of the Limosna area which typically has the highest silver grades on the property had lower indium and gallium values with intervals typically averaging 2-8 gpt indium and 2-4 gpt gallium. A portion of two drill holes in this area were assayed for indium and gallium. LMD003 and LMD005 assays included: Drill Hole Width(metres) Silver(gpt) Indium(gpt) Gallium(gpt) LMD003 58.6 79 2.9 1.8 and LMD003 51.0 82 2.7 3.0 and LMD003 16.0 12 8.7 4.2 LMD005 176 46 2.0 2.6 The northern Warra Warra target on the property had higher gallium values and lower indium values. Intervals averaged between 1-4 gpt indium and 5-8 gpt gallium. A portion of two drill holes in this area were assayed for indium and gallium. Drill Hole Width(metres) Silver(gpt) Indium(gpt) Gallium(gpt) WWD001 81.7 59 4.2 8.5 WWD002 106 31 1.7 5.7 General Minerals Corporation is an international minerals exploration company focusing its activities in North and South America. The Company has seven properties in the US, three in Bolivia, one in Chile and five in Mexico. The target mineralization at these sixteen properties is copper, silver and gold. The Company currently has three properties that are under option to major mining companies: Escalones, Copper – Gold Porphyry Prospect (Chile) with the Phelps Dodge Chilean subsidiary, Minera Aurex (Chile) Limitada; Monitor, Copper – Silver Porphyry Prospect (USA) with Teck Cominco Ltd.; Markham Wash, Copper – Molybdenum Porphyry Prospect (USA) with Teck Cominco Ltd.