I'm in for an additional 100K shares. I must be nuts. But this is good news. I don;t think this is fraud reporting. I think they got the gold.
Gemini Explorations, Inc. Reports Sampling Results From New Ore Zone at the La Tapata Gold Mine
Wednesday August 20, 10:29 am ET
CALGARY, AB--(MARKET WIRE)--Aug 20, 2008 -- Gemini Explorations, Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to announce summary sample results from a new mineralization zone located at its La Tapata Gold Mine project. Previous sampling results (announced 10/25/07), taken from the principal vein at La Tapata, showed vein rock gold concentrations as high as 243 g/tonne with an average from two separate sampling efforts of an exceptional 41.94 g/tonne Au.
In order to more thoroughly determine the full potential value of this mine, Gemini has gone forward with the testing of a large, less concentrated zone of mineralization utilizing the proprietary Diazem separation and capture process, which was detailed in a prior news release dated 8/18/08. This process allows for the capture of a uniquely high percentage of precious and other economically viable minerals, providing for a dramatic increase in profitability over other methods, from ores with varying degrees of mineral concentrations. In the case of these samples, the Diazem process enabled the recovery of a very economically viable 9.38 g/tonne Au and an extremely impressive 958.8 g/tonne Ag (silver).
Michael Hill, CEO of Gemini, expressed his enthusiasm with regard to these results as follows, "The high level of gold and silver recovery we have achieved in these test samples combined with the proprietary Diazem process, indicates that the profit potential of La Tapata should be even higher than that which we estimated in our original calculations performed in 2007. We look forward to working with Diazem to elevate the business of mining for gold and silver in Colombia to a new level of efficiency and profitability."
More information about Diazem is available on their company website at: www.diazem.com/mining.html.
About Gemini Explorations Inc
Gemini Exploration is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich yet highly underdeveloped gold deposits of Colombia.
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 that additional financing will close on specified dates, the expected completion date of the redevelopment of the La Tapata Gold and La Planada gold projects.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, the ability of Diazem Corporation to provide a cost-effective, environmentally friendly method for capturing a uniquely high percentage of precious metals and other economic minerals from the containing ore body. 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 2007 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: Contact:
Michael Hill President & CEO Gemini Explorations, Inc. Suite 103, 240-11th Ave SW Calgary, AB T2R 0C3
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