StockGuru Blog: General Metals – Phase One Drilling Benefited by Private Placement
General Metals — Phase One Drilling Benefited by Private Placement StockGuru Profile - General Metals - GNLM General Metals has completed a Private Placement, announced on April 23, 2007. The proceeds will support the commencement of the first portion of its Phase 1 drilling program on the Independence Shallow Target at its Independence Mine in Battle Mountain, Nevada. Shallow mining production slated for later this year. Phase 1 budget is $1,350,000 and as more funds are made available for drilling, additional areas are targeted to be brought into the resource category. The Target for Phase 1 is 235,000 oz. gold…