BHP Billiton must pay GMC US$50,000 on or before 13
months of the effective date
of the agreement and an aggregate total
of a further US$200,000 over the next four years to maintain
the
option. Both
Noranda and Kennecott drilled into a leached cap environment in the
adjoining
down faulted block intersecting altered porphyry related
rocks with minor mineralization. Jacob Skokan
, consulting
geophysicist. This recent
acquisition is part of the Company's on-going strategy to
acquire and develop
new projects.
Preliminary work indicates that there could be substantial amounts
of metals
contained in the slag pile and hence has the potential to become a significant
producer
of Gold, Silver, Copper, Zinc, and Iron. Securities
Exchange act of 1934. Ian Matheson, C.
germanium downstream
The Dragoon
porphyry
copper prospect is located in southern Arizona approximately 60 miles
east-south-east
of Tucson. The slag was produced as smelter rejects from
processing copper ores, principally from
Jerome, during the period 1915-1952,
when the Clarkdale smelter was one of the largest copper smelters
in the
world.S.Business sites relating to the extraction and processing of base metals which typically
include iron, copper, zinc, molybdenum, titanium, aluminum, and other base metals .
pelletization sulfide
SEC 12g3
-2(b): 82-34810
General Minerals Corporation (TSX:GNM)
Improvements in technology
over the last 50 years have now advanced to
the point where re-processing of the slag at Clarkdale
for gold, silver,
copper, zinc, iron and ferro-silicates may now be very economic.copper downstream
The Company has
six properties in the US, two in Bolivia and
one in Chile.bhp proved
General Minerals Corporation Announces
Fourth Property Agreement and Options Dragoon Porphyry Copper Prospect in Arizona to Major Resources
Company
The Dragoon property contains areas of exposed "leached cap" in
the southern portion
of the property that to GMC's knowledge have
never been drilled and a larger adjoining area of porphyry
related
rocks buried beneath valley fill and other cover rocks drilled by
Kennecott and Noranda
. and Afghan Minerals Inc.downstream extraction
The Qualified Person supervising this project was Mr. BHP Billiton
is one of the world's largest
copper producing company's and brings a wealth of expertise in
exploration
and development of copper properties to the joint
venture."
General Minerals Corporation is
an international minerals
exploration company focusing its activities in North and South
America
.
The Company assumes no obligation to update the information contained in this
presentation.,
President (signed)
FOR INFORMATION OR A COMPLETE SUMMARY OF THE SEARCHLIGHT OR
CLARKDALE PROJECTS CALL THE COMPANY AT 1-866-550-6266 OR EMAIL
searchlightminerals@gmail
.germanium extraction
molybdenum proved
Upon completing the initial earn-in, BHP Billiton may elect
to earn an additional 9% interest for
a total of 60% by expending a
further US$1,000,000 for a total expenditure of US$4,000,000. Geologically
speaking, the leached cap is
significant and can overlie enriched copper mineralization. Two of
these
companies, Foundation Resources Ltd.
Clarkdale Project History
The Clarkdale Project
contains the old smelter site and the ~30 million
ton slag pile of which 20 million tons are available
for processing under the
current Joint Venture Agreement. The Company's actual results could differ
materially
from those anticipated in these forward-looking statements as a result of
numerous
risks and uncertainties (see company's results files with the SEC).expenditure oxides
GMC has completed initial exploration
on
the property which indicates that many of the characteristics of a
porphyry copper system are
present and through geophysics, geology and
geochemistry has developed target concepts. The target
mineralization is copper, silver and gold.
Four of these properties are now under option to other
mining
companies.com
manganese bhp
molybdenum ores
To complete its initial earn-in to 51%, BHP Billiton
must incur
expenditures of US$3,000,000 on the Dragoon property
within five years of which US$100,000 is a guaranteed
commitment in
the first year. Phelps Dodge, Teck Cominco and Apex Silver have already
started
their exploration programs at the Escalones porphyry copper
property in Chile, the Monitor porphyry
copper property in Arizona
and at the Malku Khota silver property in Bolivia, respectively. Develop
the Searchlight and Clarkdale Projects
2.A.dowa downstream
This limited drilling and GMC's
follow up exploration
demonstrate the potential for porphyry copper
mineralization which will be further defined by GMC
's incoming
partner, BHP Billiton. R.sulfide cominco
Under the terms of the agreement BHP Billiton has the
exclusive
right to initially earn a 51% interest in the Dragoon property by
incurring expenditures
and making annual payments over a five year
earn-in period. Fitch,
President of the Company, assisted
by Dr.zircon sulfide
75) , a five percent (5%) Net Smelter
Return Royalty from the Company's share of production
, and subject to certain
terms and conditions.
germanium pelletization
sulfide dowa
We
will announce results of their exploration
as they become available.bhp refiner
ores extraction
Acquire and develop new projects
The Clarkdale Project involves
the reprocessing of approximately 20
million tons of slag from smelter rejects of processed copper
ores.
Nanominerals Corp ("NMC", a Nevada corporation) has agreed to assign its
interest in
the Project to the Company in exchange for Six Million (6,000,000)
warrants at Seventy-Five cents
($0. This assignment agreement will allow the Company the
opportunity to earn a 50% interest in the
Project.zircon ore
BHP
Billiton may also increase its interest by a further 10% to a total
of 70% by completing
a feasibility study or spending at least
US$15,000,000 on a feasibility study. Securities Act of
1933 and Section 21E of the U.
K.oxides climax
News Editors
VANCOUVER, British
Columbia----April 29,
2005--General Minerals Corporation ("GMC") (TSX:GNM) is pleased to
announce
that it has entered into a letter agreement with BHP
Billiton, whereby BHP Billiton can earn up to
a 70% joint venture
interest in the Dragoon property by completing certain exploration
expenditures
, making payments to GMC and completing or spending at
least US$15,000,000 on a feasibility study
. We feel very fortunate to have these four companies as
partners.
Acquiring this project enhances
the Company's project portfolio, which
now includes two very exciting mineral exploration properties
.S.molybdenum kennecott
The Company also assists other groups of entrepreneurial
geologists through equity investment
to form companies and develop
early stage exploration projects with discovery potential.climax bhp
,
were
established in 2004 where the primary country focus has been in
Mongolia and Afghanistan, respectively
. Jerome, some 6 miles west of Clarkdale, is a well-known historic mining
district, which produced
fortunes in copper extracted from massive sulfide
deposits mined at Jerome (1889-1952) and smelted
at both Jerome (1889-1915)
and Clarkdale (1915-1952).kennecott pegmatite
Ralph Fitch, President and CEO of GMC
, stated, "With today's
announcement on Dragoon we are very pleased to have four agreements
in
place on our properties with recognized leading companies in the
mining industry. We are particularly
pleased to have attracted BHP Billiton
to our Dragoon property.Phage Genomics Inc. - New project
assignment
OTC BB: PHGG
HENDERSON, NV, June 2 - The Board of Directors of
Phage
Genomics (the "Company") is pleased to announce the acquisition of a new
mining project (the "Project
") located in Clarkdale, Arizona, approximately
100 miles north of Phoenix.molybdenum downstream
Three of the companies
, BHP Billiton, Phelps Dodge,
and Teck Cominco, are recognized internationally for their expertise
in the base metals and Apex Silver is a well recognized silver
company. The Company continues
to have three main objectives:
1.manganese cominco
G. Continue exploration efforts
3. An Ore Reserve
Study which
will include drilling and assaying to verify the grade and reserves will
commence
in the coming weeks (June 2005).
Forward Looking Statements
This presentation
contains certain forward-looking statements within the
meaning of the Private Securities litigation
reform Act of 1995, Section 27A
of the U.rutile extraction
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