Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Perfect Web Technologies, Inc. Pinksheets:PWBI) , Penwest Pharmaceuticals Co. (Nasdaq:PPCO) , Collexis Holdings, Inc (OTC BB:CLXS) , Global Casinos Inc. (OTC BB:GBCS)
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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Perfect Web Technologies, Inc.
Pinksheets:PWBI)
Current Price (0.09)
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SCOTTSDALE, Ariz.--Oct 3--Perfect Web Technologies, Inc. (Pink Sheets: PWBI - News) announced today that they have agreed with QualityStocks to be featured in The Small Cap QualityStocks Daily Newsletter, Daily Internet broadcast with Cathy Rankin, Vanessa Ramirez and Jenn Hoffman and QualityStocks Daily Blogs and Message Boards. QualityStocks.net, based in Scottsdale, Arizona, is a free service to our visitors that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks.net is dedicated to assisting emerging public companies with their advertising efforts and now has over 350,000+ subscribers that receive The Daily Stock Newsletter via opt in email. Perfect Web Technologies, Inc. is a series of integrated technologies that optimize the use of the Internet. As a provider of web based applications and B2B2C marketing solutions designed for marketers it is built through technology development and acquisitions. It is licensing it's portfolio of six patents and patents pending that represent key Internet and software technologies and business methods. The patents cover electronic document publishing, e-mail management and distribution, e-commerce and marketing tools, access management to electronic documents and electronic document collaboration. For more corporate information visit www.perfectwebtech.com.
Penwest Pharmaceuticals Co.
(Nasdaq:PPCO)
Current Price (14.89)
www.SmallCapStockAnalyst.com
DANBURY, Conn., Oct. 3, 2007 -- Penwest Pharmaceuticals Co. (NasdaqGM:PPCO - News) today announced that Jennifer Good, President and Chief Executive Officer of Penwest, is scheduled to present at the 2007 BIO Investor Forum on October 11, 2007, at the Palace Hotel in San Francisco, California. Penwest Pharmaceuticals Co. develops pharmaceutical products based on drug delivery technologies with focus on products that address disorders of the nervous system. It offers Opana ER, an oral extended release opioid analgesic for patients with moderate to severe pain requiring continuous opioid treatment; Nifedipine XL, for the treatment of hypertension and angina; and Cystrin CR for the treatment of urge urinary incontinence. The company's product candidates in clinical development include Nalbuphine ER for the treatment of moderate chronic pain; and Torsemide ER for the treatment of chronic edema, a condition involving excess fluid accumulation resulting from congestive heart failure. It also develops product candidates for the treatment of pain, epilepsy, Parkinson's disease, and spasticity. Penwest Pharmaceuticals has a strategic alliance agreement with Endo Pharmaceuticals, Inc., and a technology licensing collaborative agreement with Mylan Pharmaceuticals, Inc. The company was founded in 1991 and is based Danbury, Connecticut.
Collexis Holdings, Inc
(OTC BB:CLXS)
Current Price (1.09)
www.SmallCapStockAnalyst.com
COLUMBIA, S.C., Oct. 3 -- The University of South Carolina has signed an agreement with Collexis Inc. and SC Launch! that will create a partnership for hydrogen fuel research and make the university an international technology hub in that field. Collexis Holdings, Inc., a global knowledge discovery company since 1999, is headquartered in Columbia, South Carolina (USA) with two subsidiaries; Collexis Inc. in Columbia, South Carolina, USA and Collexis, B.V. in Geldermalsen, The Netherlands. Collexis patented technology builds conceptual profiles of text, called Fingerprints, from documents, websites, e-mails and other digitized content and matches them with a comprehensive list of pre- defined "fingerprinted" concepts to make research results more relevant and efficient. This matching of concepts eliminates the ambiguity and lack of priority associated with word searches. The results are often described as "finding needles in many haystacks." Through this novel approach, Collexis can build unique applications to search, index and aggregate information as well as prioritize, trend and predict data based on sources in multiple industries without the limitations of language or dialect. Representative clients include the NIH, Johns Hopkins, Erasmus University Rotterdam, the Wellcome Trust, Harvard and the University of South Carolina to name a few. Collexis shares of common stock are traded under the symbol CLXS on the OTC Bulletin Board (OTC BB). For more information visit www.collexis.com.
Global Casinos Inc.
(OTC BB:GBCS)
Current Price (0.90)
www.SmallCapStockAnalyst.com
BOULDER, Colo.-- Oct 3--Global Casinos Inc. (OTCBB: GBCS - News) announced today that effective September 28, 2007, it entered into Amendment No. 1 to the definitive Asset Purchase and Sale Agreement dated June 14, 2007 (the "Agreement") with Doc Holliday Casino, LLC, a Colorado limited liability company ("Doc Holliday"), providing for the acquisition by the Company of substantially all of the tangible and intangible assets (the "Assets") of Doc Holliday Casino, located in Central City, Colorado. Global Casinos currently owns and operates the Bull Durham Casino located in Black Hawk, Colorado. It also has an equity stake in Global Gaming Technologies, LLC, which is in the process of commercially developing new, innovative casino games.
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