Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Resolve Staffing, Inc. (OTCBB:RSFF) , ZIOPHARM Oncology, Inc. (Nasdaq:ZIOP) , Australian-Canadian Oil Royalties Ltd. (OTC BB:AUCAF) , Teeka Tan Products, Inc (OTCBB: TKAT)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.09)
www.SmallCapStockAnalyst.com
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 Antioquia, Colombia.
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 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.
Contact:
Michael Hill
President
Gemini Explorations Inc.
Suite 103, 240-11th 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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Resolve Staffing, Inc.
(OTCBB:RSFF)
Current Price (0.32)
www.SmallCapStockAnalyst.com
CINCINNATI--Oct 3--Resolve Staffing, Inc. (OTCBB:RSFF - News) announces that it reached agreement on forbearance and reaffirmation of its credit agreement with its senior lender. Resolve is also pleased to announce a favorable renewal of it workers' compensation program for another year within its PEO division allowing Resolve's continued expansion. With the assistance of CM&D Advisors, Inc., Resolve continues in the investment banking process. As reported previously, Resolve entered into a first dollar, fully indemnified national health care plan with Humana to substantially reduce claims risk and any negative impact on earnings. Resolve HR (Resolve Staffing, Inc.) is a national provider of Human Resource Outsourcing (HRO) Services with offices reaching from New York to California. The Company employs over 6,000 temporary employees per week and, with the merger with ELS (www.elshr.com), Resolve now manages a PEO payroll of over 12,000 worksite employees in over 40 states with operations and service centers throughout the country. Resolve Staffing now provides turn key human resource management services to help its small-business clients tackle increased complexities associated with the employment aspect of their businesses. These services include payroll processing, employee benefits and administration, workers' compensation coverage, effective risk management and workplace safety programs. Resolve also provides a full range of supplemental staffing and outsourced solutions, including solutions for temporary, temporary-to-hire, or direct hire staffing in the medical, trucking, garment, clerical, office administration, customer service, professional and light industrial categories. For additional information on Resolve Staffing visit our website www.resolvestaffing.com.
ZIOPHARM Oncology, Inc.
(Nasdaq:ZIOP)
Current Price (3.35)
www.SmallCapStockAnalyst.com
NEW YORK--Oct 3--ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP - News) announced today that Dr. Barbara Wallner, Senior Vice President, Technical Operations and Chief Technology Officer, will present at the BIO Investor Forum on Wednesday, October 10, 2007 at 10:45 a.m. PT (1:45 ET) at the Palace Hotel in San Francisco, CA. Dr. Wallner will provide an overview of the Company and an update on its clinical development programs. ZIOPHARM Oncology, Inc. is a biopharmaceutical company engaged in the development and commercialization of a diverse, risk-sensitive portfolio of in-licensed cancer drugs to address unmet medical needs. The Company applies new insights from molecular and cancer biology to understand the efficacy and safety limitations of approved and developmental cancer therapies and identifies proprietary and related molecules for better patient treatment. For more information, visit www.ziopharm.com.
Australian-Canadian Oil Royalties Ltd.
(OTC BB:AUCAF)
Current Price (0.40)
www.SmallCapStockAnalyst.com
CISCO, Texas--Oct 3--Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF - News) is pleased to announce that the operator of PEL 92 advises that the Callawonga-3 well has been flow-tested through production tubing. The Callawonga-3 well was drilled to a total depth of 6,374 feet and intersected 16 feet of oil pay section in the Namur reservoir.The clean-up flow rate for the Namur reservoir in the Callawonga-3 well was 5,660 barrels of oil per day with no water through a 2" line with a wellhead flowing pressure of 500 psi. ACOR management draws no cash salary. ACOR has NO LONG-TERM DEBT. ACOR's principal assets consist of 15,440,116 gross surface acres of overriding royalty interest and 8,561,007 gross acres of working interests, located Onshore Australia in the Cooper-Eromanga Basin and Offshore Australia in the Gippsland Basin in the Bass Strait.
Teeka Tan Products, Inc
(OTCBB: TKAT)
Current Price (0.03)
www.SmallCapStockAnalyst.com
BOCA RATON, Fla.--Oct 3--Teeka Tan Products, Inc. (OTCBB:TKAT - News) today updated the progress of the proposed merger between Teeka Tan Products (Teeka Tan) and the Taiyuan Rongan Business Trading Company ("TRBT"). On September 12, 2007, Teeka Tan Products announced it entered into a letter of intent to Acquire TRBT and targeted September 15th as the proposed closing date. The merger plans are still progressing as planned and we now anticipate closing the transaction by October 17, 2007. Teeka Tan Products, Inc. engages in the marketing and distribution of sun care products in the United States and internationally. It sells Teeka Tan Suncare products directly to drug stores, supermarkets, surf shops, gift shops, and distributors, as well as resorts, hotels, and retailers. The company was founded in 2002. It was formerly known as IHealth, Inc. and changed its name to Teeka Tan Products, Inc. in 2005. Teeka Tan Products is based in Boca Raton, Florida.
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