Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Vsurance, Inc. (OTC BB:VSUR) , AngioDynamics (Nasdaq:ANGO) , digiMedical Solutions, Inc. (PinkSheets:DGMS) , Advanced Battery Technologies, Inc. (OTC BB:ABAT)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.09)
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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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Vsurance, Inc.
(OTC BB:VSUR)
Current Price (1.41)
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SANTA ANA, Calif.--Oct 3--Vsurance, Inc. (OTCBB:VSUR - News), a leading provider of pet health insurance announced today that VetpetMD.com, the Company's premier online resource for health information for pet owners, features ongoing insight from Dr. Carol Osborne, one of the most visible and respected veterinarians in the country. Vsurance is a leading provider of pet health insurance and other pet health-related services in the United States. Programs include its Get HIP(TM) Pet Health Insurance for Pets program, the most comprehensive full-coverage pet health insurance plan in the industry. Vsurance provides pet and horse resource centers through the Internet including VetpetMD(TM), Spot the Pet(TM), and Purrfect Pet Club(TM). Programs include life, liability, and health insurance for pets, horses, and other companion animals.
AngioDynamics
(Nasdaq:ANGO)
Current Price (20.47)
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QUEENSBURY, N.Y. -- Oct 3-- Medical device maker AngioDynamics Inc. said Wednesday a judge denied VNUS Medical Technologies Inc.'s motion for summary judgment in a patent lawsuit, and the case will go to a jury trial.VNUS claims that AngioDynamics infringed on patents for the company's method of treating varicose veins using radiofrequency energy. The denial for summary judgment was issued in the U.S. District Court in the Northern District of California. AngioDynamics is a leading provider of innovative medical devices used by interventional radiologists, surgeons, and other physicians for the minimally invasive treatment of cancer and peripheral vascular disease. The Company's diverse product line includes market-leading radiofrequency ablation systems, vascular access products, angiographic products and accessories, dialysis products, angioplasty products, drainage products, thrombolytic products, embolization products and venous products.
digiMedical Solutions, Inc.
(PinkSheets:DGMS)
Current Price (0.11)
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DALLAS, TX----Oct 3, 2007 -- digiMedical Solutions, Inc. (Other OTC:DGMS.PK - News) CEO David W. Lee today released an update on the Company's progress in a Letter to Shareholders. The shareholder letter, released today and included in its entirety below, provides additional detail on the company's business plan and the company's plans for the remainder of 2007. digiMedical Solutions, Inc.™ is a pharmacy and medical technology company focused on developing next generation, digital medical technology with an emphasis on digital prescriptions (d-Prescriptions) that closely align the doctor, pharmacist and patient. The company's planned growth will come from three channels: direct marketing of the company's wireless based d-Prescription technology to physicians, acquisition of independent pharmacy chains and the sale of select territories to "market partners" licensed to exploit the digiMedical Solutions™ model. digiMedical Solutions, Inc.™ currently owns and operates six pharmacies throughout Texas and Florida and is a Microsoft Independent Software Vendor (ISV). digiMedical Solutions'™ unique business model connects physicians, patients and pharmacies with next generation medical technologies.
Advanced Battery Technologies, Inc.
(OTC BB:ABAT)
Current Price (6.61)
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NEW YORK, NY and HARBIN, CHINA----Oct 3, 2007 -- Advanced Battery Technologies, Inc. (OTC BB:ABAT.OB - News) announced today that its common shares have been approved for listing on the American Stock Exchange ("AMEX"). Advanced Battery Technologies will announce in a later release the anticipated date on which trading on the AMEX will commence. Advanced Battery Technologies designs, produces and distributes rechargeable polymer lithium-ion (PLI) batteries and battery cells. Advanced Battery Technologies, Inc., through its indirect subsidiary, Heilongjiang ZhongQiang Power-Tech Co., Ltd., engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries in China. Its products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies, and other personal electronic devices. The company markets its products in southeast Asia, primarily China, Taiwan, and Japan. Advanced Battery was incorporated in 1984 and is based in Flushing, New York.
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