Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Unico, Incorporated (OTCBB: UCOI), CTI Group (OTC BB:CTIG) , Teton Energy Corporation (AMEX:TEC) , China VoIP & Digital Telecom Inc. (OTC BB:CVDT)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.07)
GEMINI EXPLORATIONS INC UPDATES SAMPLING PROGRAM FROM THE LOS CHORROS GOLD MINE PROJECT
Calgary --- October 3, 2007--Gemini Explorations Inc, (“Gemini”) OTCBB:GXPI, is pleased to report that Minera Primecap Geological Services (MPGS) expects additional sampling results from the Los Chorros Gold Project to be available in the next ten to fourteen days. Gemini recently reported vein sample results from Los Chorros of 6.4 g/tonne Au to 190.6g/tonne Au on September 19, 2007. The Los Chorros Mine is a producing gold property in the El Bagre-Zargoza mining district, department of
The sampling program continues to focus 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 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 U$ 3,125,000 per year and a 100 tonne per day production rate would produce over U$ 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 U$ 18,750,000 net cash flow to the company. These estimates are based on U$650 per ounce gold with U$200 per ounce operating and production costs netting U$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
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,
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 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 2005 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Michael Hill
President
Gemini Explorations, Inc
http://www.geminiexploration.com/ email: info@geminiexploration.com
Source: Gemini Explorations, Inc.
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Unico, Incorporated
(OTCBB: UCOI)
Current Price (0.0016)
SAN DIEGO, CA----Sep 28, 2007 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that a new photo gallery showing the completion of the secondary electrical substation at the Deer Trail Mine has been posted to the company's website, www.unicomining.com. The completion of the secondary substation will allow for electricity to be supplied to power the Deer Trail mill and processing facility once the main substation is energized. Unico, Incorporated operates as the holding company for Deer Trail Mining Company, LLC (DTMC); Silver Bell Mining Company, Inc. (SBMC); and Bromide Basin Mining Company, LLC (BBMC). DTMC operates, owns, and manages the Deer Trail Mine. BBMC conducts mining operations at the Bromide Basin Mines. In addition, SBMC operates the Silver Bell Mine. Unico primarily mines for silver, lead, and zinc. The company, formerly known as Red Rock Mining Co., Incorporated., was founded in 1966 and changed its name to Industries International, Incorporated. Subsequently, the company changed its name to I.I. Incorporated and to Unico, Incorporated in 1979. Unico is based in
CTI Group
(OTC BB:CTIG)
Current Price (0.30)
INDIANAPOLIS, IN and CAMPBELL, CA----Sep 28, 2007 -- CTI Group (OTC BB:CTIG.OB - News), a cutting edge VoIP applications provider, and Sylantro Systems, the leading provider of multiplay application feature servers, announced today that Sylantro is offering advanced traffic analysis reporting tools for the company's Synergy platform including historical and real time traffic reporting for use in businesses and call centers. About CTI Group - CTI Group (Holdings) Inc. is an international provider of electronic invoice management and telemanagement software and services. CTI Group's SmartBill® and Proteus(TM) product suites offer a full array of solutions for traffic analysis, post-billing call analysis, and customer care. CTI Group's products are used by some of the top service providers in North America and the
Teton Energy Corporation
(AMEX:TEC)
Current Price (4.63)
DENVER, Sept. 28 -- Teton Energy Corporation ("Teton") (Amex: TEC - News) announced today that Dominic J. Bazile, the Company's Executive Vice President and Chief Operating Officer will present at the Independent Petroleum Association of America's Oil and Gas Investment Symposium in San Francisco, California. The presentation will take place on Wednesday, October 3, 2007 at 8:00 a.m. Pacific Daylight Time (11:00 a.m. Eastern). Company Description. Teton Energy Corporation (Amex: TEC - News), is an independent oil and gas exploration and production company based in
China VoIP & Digital Telecom Inc.
(OTC BB:CVDT)
Current Price (0.48)
JINAN, CHINA---Sep 28, 2007 -- Jinan Yinquan Technology Co., Ltd, the wholly owned subsidiary of China VoIP & Digital Telecom Inc. (OTC BB:CVDT.OB - News), today announced that it has been elected as the exclusive naming sponsor of 2007 Yinquan Cup Robot Match of China & RoboCup China Open, which will be held in Jinan, Shandong Province since October 26 to 28. China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol service in the People's Republic of
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