2014

November 20, 2014 Read More →

Bryson Goodwin Join Development and Production Team

Cibolan Gold Announces an Addition to its Gold Development and Production Team

Reno, NV, November 20, 2014 Cibolan Gold  Corporation (the “Company”) (OTCBB: GNMT) (FRANKFURT: GMQ), announces that effective September 22, 2014, at the recommendation of the Nominating and Corporate Governance committee, the Company elected Bryson Goodwin to fill the vacancy on the Company’s Board of Directors.  The opening arose from the retirement of Rana Medhi in October 2013.

Mr. Goodwin has extensive experience as an executive officer in finance, sales, management and operations with both private and public companies. Over the years Mr. Goodwin has been engaged by a number of resource, energy, clean-tech and technology firms in the departments of; Management, Finance, Business Development, PR & IR, Marketing, and Sales. He brings his experience in the Canadian and US Stock Exchanges as well as public company management, in the resource and energy sectors to his new role at the company.  Mr. Goodwin has experience on the board of a number of organizations and serves as an advisor to several private and public companies. He also consults for a number of capital companies and hedge funds as a resource and capital markets specialist.

The Board of Directors has determined that each of Larry Max Bigler, Shane K. Dyer and Walter A Marting, Jr. and Bryson Goodwin are “independent,” as the term is used in Item 407(a)(1) of Regulation S-K under the Securities Exchange Act of 1934, as amended, and as defined by NASDAQ Listing Rule 5605(a)(2).  Accordingly, it is anticipated that the New Director will be asked to serve on committees of the Board as an independent director.

The Company currently has three standing committees. The Nominating and Corporate Governance Committee is chaired by Walter A. Marting, Jr with Larry Max Bigler and Shane K. Dyer as a members.  The Audit Committee is chaired by Larry Max Bigler with Walter A. Marting, Jr. as a member and the Compensation Committee chaired by Shane K Dyer with Larry Max Bigler as a member.

The Company’s compensatory arrangement with the Directors consists of a Director’s Fee of $1,000 per month payable within five days after the end of each fiscal quarter in the common stock of the Company. Members of the standing committees of the Board receive an additional $1,000 per month payable within five days of the end of each quarter in the common stock of the Company. The fees are capped at $2,000 per director per month.  The newly appointed director has not nor has had since the Company’s last fiscal year a relationship with the Company that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Forbush commented, “The Company thanks Rana for his dedicated service and his exciting vision for the project.  We became acquainted with Mr. Goodwin during our negotiations with Open Gold.  Since then Bryson led American Consolidated Minerals until it was acquired at a profit for his shareholders from the time he became President.”

Mr. Forbush continued, “I found Bryson to be a man of the highest integrity and well connected in the Investor Relation and Public Relations arenas of a publicly traded gold companies.  mining.”

Further details regarding the Independence mineralization, drilling efforts, both historical and current together with current permitting activity are available on the Company’s website www.generalmetalscorporation.com.

About General Metals Corporation: General Metals is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring and developing its 100% controlled Independence property strategically located in the prolific Battle Mountain Mining District of Nevada.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the proceeds from the recent private placement will allow the Company to proceed with permitting at its Independence Mine in Nevada or any shallow mining production in the near future, the Company’s belief that is has enough gold to generate considerable profits, that any estimated ounces of gold or silver are contained in the mineralized material in the Company’s projects and is proposed to be mined and loaded onto a cyanide heap leach pad, and the size and timing of any future financings that the Company may enter into.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Wayne Meyerson
Investor Relations
General Metals Corporation
615 Sierra Rose Dr. Suite 1
Reno, NV 89511
wayne@gnmtlive.com
775.583.4636 office

Posted in: 2014, Archive 2012-2014
March 19, 2014 Read More →

Cibolan Gold Corporation Adds Four to the Technical Team

RENO, NV, Mar 19,2014 — Cibolan Gold Corporation (OTC:PK:CIBG) (www.nevada-goldmine.com) (the “Company”) announces the addition of William Matlack, Robin Hendrickson, Donald McDowell and Dr. Steven Garwin to their technical team. For the last couple of months the team has been analyzing and reviewing the significant amount of data the Company has collected over the last few years. The objective of this review is to identify areas where gold concentrations are higher than originally indicated. Higher concentrations of gold can have a dramatic effect on the economics of the mining operation.

President and CEO, Daniel Forbush, noted: “I have been impressed with the honesty and integrity with which these professionals have assisted Cibolan thus far. With each step of the evaluation they have communicated clearly with management. I look forward to the briefing on the results and sharing them with our shareholders in the next week or two.”

The technical team’s (combined they have 120+ years of mineral exploration and development experience in the Battle Mountain-Cortez gold trend) analysis is incorporating known data from other properties in area, focused on near surface, near term production opportunities.

“In anticipation of our needing to prove up areas identified as potentially having a higher concentration of gold, the Company is approaching a number of interested accredited investors with a funding proposal to obtain up to $1.1 million in three tranches,” said Mr. Forbush.

The added members of the technical team are:

Donald McDowell, PLS

Mr. McDowell has over 30 years’ experience in project generation and consolidating strategic natural resources projects. He is currently founding President of America’s Gold Exploration, Inc., founding corporate & technical director for Ecuador Gold and Copper, Inc. & former founding president of Great American Minerals, Inc. Don is a uniquely qualified and experienced explorationist with over 25 years of combined business, mineral exploration, project management and development experience with over 21 years of major corporate experience with Nippon, Santa Fe Pacific Gold and Kennecott. Focused experience in Nevada & the Great Basin, Alaska, Ecuador & Central America.

Robin Hendrickson, B.S.

Mr. Hendrickson has over 40 years’ experience of major corporate gold exploration and mine development. His career long focus on computer technology has seen Robin consulting on database, development and information system projects as well as providing technical direction and computer software assistance to exploration offices in the US, Canada, Mexico, Brazil, Chile, Kazakhstan and Kyrgyzstan for a variety of clients. Previous clients/employers include Barrick Gold, Placer Dome, Santa Fe Pacific Gold, and Spirit Minerals. He directed geologic data base activities for Placer Dome’s exploration projects and mine sites in North/South America. He managed the Information Systems Department at Barrick’s Goldstrike Mine, supervised 15 employees and a budget of $3.5 million. At Santa Fe Pacific Gold, he managed group of 12 professionals responsible for analytical databases and geologic resource evaluations including Twin Creeks, Lone Tree, Mesquite and Mule Canyon Mines. He is the founder of EDM Solutions, Inc., which develops commercial web-based database management system for the minerals industry.

William Matlack, M.Sc., Geology

Mr. Matlack specializes in metals and mining investment banking with Scarsdale Equities LLC. He has 14 years prior experience in metals and mining equities, including equity research positions with BMO Nesbitt Burns and Salomon Smith Barney. He was the finder of the Mt. Hope, Nevada molybdenum project for General Moly Inc. and the Gurvanbulag, Mongolia uranium project for Western Prospector Group Ltd., among others. Mr. Matlack was involved in several world-class gold discoveries with Santa Fe Pacific Gold Corp. (now Newmont Mining Corp.) and Gold Fields Ltd. spanning a 20-year career in exploration. These included the Twin Creeks, Lone Tree, and Getchell mines in Nevada, and the Mesquite mine in California. He has a B.A. in Geology from Carleton College and a M.Sc. in Geology from the University of Minnesota.

Dr. Steven Garwin, Ph.D., M.Sc.

Steve Garwin obtained his B.S. from Stanford in 1984 and M.Sc. from the University of British Columbia in 1987, both degrees in the field of geology. He was awarded a Ph.D. in geology (with distinction) in 2001 from the University of Western Australia. Dr. Garwin has more than 25 years of experience as an exploration geologist with large and small mining companies working in SE Asia, SW Pacific, North America, South America, China and Russia. He was employed by Newmont Mining for ten years, including more than two years as Chief Geologist-Nevada (2000-2002), and by Geoinformatics Exploration for five years as a Principal Geologist and Consultant (2003-2007). Since 2008, Dr. Garwin has consulted with several junior and major mining companies. He is an adjunct research fellow at the Centre for Exploration Targeting at the University of Western Australia (since 2001) and has recently been appointed a visiting fellow at the Research School of Earth Sciences, Australian National University. Dr. Garwin became a fellow of the Society of Economic Geologists in 1996, a fellow of the Australian Institute of Mining and Metallurgy in 2012 and a fellow of the Australian Institute of Geoscientists in 2013.

About Cibolan Gold Corporation. Cibolan Gold Corporation (otc pink:CIBG), www.nevada-goldmine.com, is an aggressive junior mining exploration and development company, based in Reno, Nevada. The company is actively pursuing the re-opening of its Independence gold and silver mining project strategically

Posted in: 2014