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the mkt is gonna tell us. Volume coming in. GL
the los chorros mine is only the tip of the iceberg for this company. If the samples from the Planeda mine are what everyone thinks they are then GXPI is a long term hold. I think we could see .20 today butI am not so good at this
gxpi..news
Gemini Explorations, Inc. Reports on Sampling Results From the Los Chorros Gold Mine Project
Vein Structure Gold Values Up to 190 Grams Per Tonne
Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to report further sampling results from the Los Chorros Gold Mine, a producing gold property in the El Bagre-Zargoza mining district, department of Antioquia, Colombia.
The sampling program focused on extending the known mineralized zone of the Los Chorros Gold Mine. The vetiforme mineralization is represented by a vein with a thickness of 1.00mt/average that fits in sericitization schist quartz and graphite with general direction that varies from N30°-45°W/40°-48°SW constituted by quartz with sulfides, mainly pyrite, chalcopyrite, abundant galena, estibina and bornita in a percentage that varies between 60% and 80% locally.
The set of vein samples ranged from 6.4 g/tonne Au to 190.6g/tonne Au.
Minera Primecap Geological Services (MPGS) directed and oversaw the sampling program. The samples were assayed at the labs of INSPECTORATE AMERICA CORPORATION (Inspectorate), Nevada, USA.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini's belief that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. Gemini's plans are to build a modern processing facility at Los Chorros with far greater recovery rates of the gold and other precious metals present. Gemini is working closely with RMS-Ross Corporation, a designer, manufacturer and distributor of an extensive range of quality mining machinery to design a modern, highly efficient processing and gold recovery system for Los Chorros. The plant would initially run at 30 to 50 tonnes/day with production doubling every 90 days during the first year. MPGS geologist Juan Restrepo reported that 50 tonnes per day production yielding an average grade of 12 grams per tonne Au (gold) would produce US $3,125,000 per year and a 100 tonne per day production rate would produce over US $6,250,000 of net cash flow after all costs. MPGS estimate that production in the second year could increase to a 300 tonnes per day yielding US $18,750,000 net cash flow to the company. These estimates are based on US $650 per ounce gold with US $200 per ounce operating and production costs netting US $450 per ounce. Gemini has purchased an 80 percent controlling interest in the mine and has secured first rights of refusal on the remaining 20 percent interest.
The principal exposed vein in the Los Chorros working tunnels measures up to 2 meters thick and dips down at 45 degrees. Visible sulphides and massive sulphides are exposed and run from 2% up to 70%. Visible gold is present and samples assayed along a 30 meter section of the principal vein exposed between 2 faults returned values between 15 grams/tonne Au and 250 grams/tonne Au. The Los Chorros Mine presents an excellent opportunity for Gemini to take advantage of the near record high gold bullion prices and provides an internal source of cash flow to fund its ongoing development and exploitation of its wholly owned La Planada Gold Project, a potential multi million ounce gold deposit in southern Colombia.
Historically one of the largest gold producing countries in the world, Colombia's vast mineral potential has remained virtually unexplored using modern exploration and mining techniques.The Department (Province/State) of Antioquia alone produces over 1,000,000 ounces of gold per year currently, and most of it is produced from antiquated production equipment and facilities. Driven by a new era of political and economic stability and an investment-friendly mining code, Colombia has emerged as one of the resource sector's most attractive new mining frontiers.
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, the expectation of the gold production of the property to be acquired, the expected completion date of the redevelopment and modernization of the Los Chorros Gold mine, the low capital costs to upgrade the Los Chorros operating plant, the assumed production and net cash flow and the multi million ounce potential of the La Planada Gold project. 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. 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
news
Gemini Explorations, Inc. Reports on Sampling Results From the Los Chorros Gold Mine Project
Vein Structure Gold Values Up to 190 Grams Per Tonne
Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to report further sampling results from the Los Chorros Gold Mine, a producing gold property in the El Bagre-Zargoza mining district, department of Antioquia, Colombia.
The sampling program focused on extending the known mineralized zone of the Los Chorros Gold Mine. The vetiforme mineralization is represented by a vein with a thickness of 1.00mt/average that fits in sericitization schist quartz and graphite with general direction that varies from N30°-45°W/40°-48°SW constituted by quartz with sulfides, mainly pyrite, chalcopyrite, abundant galena, estibina and bornita in a percentage that varies between 60% and 80% locally.
The set of vein samples ranged from 6.4 g/tonne Au to 190.6g/tonne Au.
Minera Primecap Geological Services (MPGS) directed and oversaw the sampling program. The samples were assayed at the labs of INSPECTORATE AMERICA CORPORATION (Inspectorate), Nevada, USA.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini's belief that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. Gemini's plans are to build a modern processing facility at Los Chorros with far greater recovery rates of the gold and other precious metals present. Gemini is working closely with RMS-Ross Corporation, a designer, manufacturer and distributor of an extensive range of quality mining machinery to design a modern, highly efficient processing and gold recovery system for Los Chorros. The plant would initially run at 30 to 50 tonnes/day with production doubling every 90 days during the first year. MPGS geologist Juan Restrepo reported that 50 tonnes per day production yielding an average grade of 12 grams per tonne Au (gold) would produce US $3,125,000 per year and a 100 tonne per day production rate would produce over US $6,250,000 of net cash flow after all costs. MPGS estimate that production in the second year could increase to a 300 tonnes per day yielding US $18,750,000 net cash flow to the company. These estimates are based on US $650 per ounce gold with US $200 per ounce operating and production costs netting US $450 per ounce. Gemini has purchased an 80 percent controlling interest in the mine and has secured first rights of refusal on the remaining 20 percent interest.
The principal exposed vein in the Los Chorros working tunnels measures up to 2 meters thick and dips down at 45 degrees. Visible sulphides and massive sulphides are exposed and run from 2% up to 70%. Visible gold is present and samples assayed along a 30 meter section of the principal vein exposed between 2 faults returned values between 15 grams/tonne Au and 250 grams/tonne Au. The Los Chorros Mine presents an excellent opportunity for Gemini to take advantage of the near record high gold bullion prices and provides an internal source of cash flow to fund its ongoing development and exploitation of its wholly owned La Planada Gold Project, a potential multi million ounce gold deposit in southern Colombia.
Historically one of the largest gold producing countries in the world, Colombia's vast mineral potential has remained virtually unexplored using modern exploration and mining techniques.The Department (Province/State) of Antioquia alone produces over 1,000,000 ounces of gold per year currently, and most of it is produced from antiquated production equipment and facilities. Driven by a new era of political and economic stability and an investment-friendly mining code, Colombia has emerged as one of the resource sector's most attractive new mining frontiers.
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, the expectation of the gold production of the property to be acquired, the expected completion date of the redevelopment and modernization of the Los Chorros Gold mine, the low capital costs to upgrade the Los Chorros operating plant, the assumed production and net cash flow and the multi million ounce potential of the La Planada Gold project. 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. 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
Grande as I look back over this thread, it seems that you have not got the information you need by inquiring of this board. Don't you think you should go "directly" to the source. My personal opinion is there is enough redundancy already. You can get the pro in a bunch of locations. Why add expense at this stage.
If you have other agendas.
great dd.. I really appreciate the effort. Thanks especially about the Prodigy. I really need to be able to flip my money. Gooooooooooo PDGT ..let it rain contracts. I need a miracle but I'm not sure I deserve one.
give me hope PP. I like it. Hopefully you know something I don't..glta
gotcha and thanks. That's the best I can do with my free membership :) I will be picking up a chunk here in the AM. i think after looking at it for many months that it might be a better value at .14 than ALRY is at .10
OT OT OT Lowman ENXTF fits your description of a company you would in vest in.(as per your profile) Been watching it from a 1.70. I wonder if you have ever done any dd on it. I think you might like it..gl
did you hold it or take the money. Do you think that they will survive as a company. They have tons of revenue. Some of the selling is madated selling by the funds upon certain thresholds, I believe. I have not been able to find out if there is any fraud involved here.
5 x 55 last 200k at 5
any kind of rev pr and the next stop is a penny in a blink. I feel like Im sittin on a powder keg. Upside with multiple rev pr's will be legendary. glta
thnx I'm not going. The pr of a successful sampling will scream buy. Gold rush fever gets everyone's attention..glta
geez, in @ .158 and down 25% before I can even remember the symbol.
everytime I play a sub penny, I get scalped
IPRE, Any money that becomes available tomorrow and I buy RMDX. I owe some already and that's it. It looks like I have to go back to the desert but I love RMDX and ERFW
IPRE see the below post. I never knew this
OT - Fishing for bucks.
As a free member, you will not be able to send PM's (and "all that other stuff") most of the time, but you still can during "Happy Hour", which occurs right after the market close on Friday afternoons. During "Happy Hour", free members get the same benefits as paid members.
So, you won't have to completely stop sending PM's; you'll just have to save them all up and send a batch of them once a week on Friday afternoon
a worthy gamble. The family builders are America's strength. PDGT goes to .10 and you can build more "additions". gl
yes it does. Amazingly tight. If the Al DOC is the beginning then the next pr will rock this . timing is everything. I hope I got here at the right time
nice job rich
someone is selling their position and got a partial fill at .005 and the mm,s dropped the bid and are dragging him down. IMO
If you have a lot of gangstas over for Christmas diner, you could have grandma at the door with the frisker pro...gl
IHUB, I don't have a paid membership. I did not use proper English. If your style is to buy and hold then ERFW and RMDX would be two good stocks to hold for a long term. I have a very difficult time picking the sub-penny runners..gl
IPRE check out CRWE..Looks like an RM candidate
JLHY keeps making new 52 week highs and the insider buying there is very agressive.
Well we really appreciate the visit. I owe you a big winner.
If you have any buy and hold in you
ERFW
RMDX
The insider buying at RMDX and the strong trend is very attractive. I don't have any sub-penny potential runners. i am in PDGT but I am not quit sure why I bought it.
Hey IPRE if I followed your picks, I would make money. Free bonus picks for the 100th boardmark
the number in the ibox is 12 million fewer than the number I was quoted on the phone..gl
I called today and I did not ask that question. I will remember that for future dd...gl
be nice :)
called TA...OS is 665,680,550....holding steady..
thanks a lot. today we shall see.
IPRE this is a posy from the PDGT board...
Posted by: Han2004fl
In reply to: None Date:9/15/2007 9:52:45 PM
Post #of 16862
Congratulate those who bought when it dipped to .002's to .003's recently. I got in more around .0055 ... now it's waiting to see more news and share count before adding more. Too bad it couldn't break .007 (YET) this time. Maybe in the next few days. Chart indicates that way.
I love the chart and accumulation (CMF). SESI has similar chart (MA's) but CMF has been negative and is trying to go positive(PDGT's has been positive). This is going to be a good TA learning experience.
ok 3 MONSTERS for the IRA
INIS
RMDX
ERFW
fair warning..gl
unbelievable .49......cxti....what happened?
IPRE can you look at the chart for PDGT. Anything good there...TIA
PDGT gonna run. but geez IPRE nothing like that has ever happened to me. I think I should join a blanking monastery
a shake already..good for us
Filled 300k at .006 I sold my TARR to buy this and less than 10 minutes after selling TARR it runs up .60 in a heartbeat. I need some consolation here and a 5 bagger...glta
Sold TARR and then it runs 60 cents. I swear to @#$% that was the most insulting thing that has ever happened to me in the mkts BUT I bought PDGT 300k I need a five bagger