General Moly (the “Company” or “General Moly”) (NYSE American and TSX: GMO), the only western-exchange listed, pure play molybdenum development company, reports that based on a review of historic drill results, the Company has identified a potential high-grade, copper-silver exploration target along with a significant zinc mineralized area at the Mt. Hope Project site, southeast of the Mt. Hope’s molybdenum deposit in central Nevada.
General Moly Chief Executive Officer Bruce D. Hansen said:
“We are extremely excited by the exploration findings to date, which were driven by our internal efforts and exceeded our expectations in terms of the scope of targets. We look forward to moving ahead with further geologic assessment and further exploration efforts later this year, in what we feel is an improving commodities’ market environment of rising molybdenum, copper, zinc, and silver prices.
We also feel that the future successful development of any of these non-moly opportunities, if warranted, should be value added and synergistic to our ultimate goal of building one of the world’s largest primary moly mines.”