Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Franchise Capital Corporation (PinkSheets:FCCN) , GreenMan Technologies, Inc. (OTC BB:GMTIB) , Vanda Pharmaceuticals Inc. (Nasdaq:VNDA) , CityView Corporation Ltd. (OTC BB:CTVWF)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.09)
Gemini Explorations Inc. Updates Sampling Program From the Los Chorros Gold Mine Project
Wednesday October 3, 2:30 am ET
CALGARY, AB----Oct 3, 2007 -- Gemini Explorations Inc. ("Gemini") (OTC BB:GXPI.OB - News) 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 estimates 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,
Contact:
Michael Hill President Gemini Explorations Inc. Suite 103240-11th Ave SW Calgary , AB T2R 0C3 http://www.geminiexploration.com email: info@geminiexploration.com IR info: 1 877 700 1644
Source: Gemini Explorations Inc.
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Franchise Capital Corporation
(PinkSheets:FCCN)
Current Price (0.02)
MURRIETA, CA---Oct 3, 2007 -- Franchise Capital Corporation (Other OTC:FCCN.PK - News) today announced the planned appointment of two new directors, Bryan Hunsaker and Robert McMichael, to fill the vacancies created by the pending resignations of Jim Bickel and Gary Nerison. Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued
GreenMan Technologies, Inc.
(OTC BB:GMTIB)
Current Price (0.40)
Vanda Pharmaceuticals Inc.
(Nasdaq:VNDA)
Current Price (14.15)
ROCKVILLE, Md., Oct. 3 - Vanda Pharmaceuticals Inc. (Nasdaq: VNDA - News), a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders, today announced that Mihael H. Polymeropoulos, M.D., Vanda President and CEO will deliver a corporate presentation on Monday, October 8, 2007, at 3:15 p.m. Eastern Time. Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on the development and commercialization of clinical-stage product candidates for central nervous system disorders. The company has three product candidates in clinical development. Vanda's lead product candidate, iloperidone, is a compound for the treatment of schizophrenia and bipolar disorder. Vanda's second product candidate, VEC-162, is a compound for the treatment of sleep and mood disorders which is currently in Phase III for insomnia. Vanda's third product candidate, VSF-173, is a compound for the treatment of excessive sleepiness that is in a Phase II clinical trial. For more on Vanda Pharmaceuticals Inc., please visit www.vandapharma.com .
CityView Corporation Ltd.
(OTC BB:CTVWF)
Current Price (0.14)
PERTH, Australia--Oct 3--CityView Corporation Ltd. (OTCBB:CTVWF - News; ASX:CVI - News; FWB:C4Z), is pleased to announce that it has acquired the right to purchase 100% of Petro Energy Africa Limited (Petro Energy Africa) which is the beneficial owner of 57% of Turnberry Resources Inc.CityView's share in the North Matanda PH72 oilfield will be effectively doubled under this agreement to a net 40% interest in the project and will inturn allow CityView to gain operational control of the North Matanda oil field via its controlling interest in Turnberry Resources. City View Corporation Ltd. is an exploration and development company. It is management's objective to grow CityView into a significant uranium, beryllium, oil and gas project by developing its interest in
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