Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI),Solutia, Inc (OTCBB: SOLUQ), Republic Airways Holdings Inc., (Nasdaq: RJET), Farallon Resources Ltd. (OTC BB:FRLLF) , RF Micro Devices, Inc (Nasdaq: RFMD)
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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Solutia, Inc
(OTCBB: SOLUQ)
Current Price (0.61)
www.SmallCapStockAnalyst.com
ST. LOUIS, Oct. 3, 2007 -- Solutia Inc. (OTC BB:SOLUQ.OB - News) announced it has named Ray Kollar Vice President, Commercial Services for its Flexsys(r) business. In this role, Kollar has global leadership oversight for Flexsys' sales, marketing technical service and customer service functions. Flexsys is the world's leading supplier of chemicals to the rubber industry, and its products play an important role in the manufacture of tires and other rubber products, such as belts, hoses, seals and footwear. Solutia, Inc., together with its subsidiaries, engages in the manufacture and sale of chemical-based materials, which are used in consumer and industrial applications worldwide. It operates in two segments, Performance Products and Services, and Integrated Nylon. The Performance Products and Services segment provides plastic interlayer for use in laminated safety glass, primarily in automotive original equipment manufacturing and architectural applications; window films for aftermarket automotive and architectural applications; plastic products, including entrance matting and automotive spray suppression flaps; water treatment phosphonates; heat transfer fluids; and aviation hydraulic fluids and aviation solvents. This segment also provides pharmaceutical companies with pharmaceutical development services, including process research and manufacturing services. The Integrated Nylon segment produces chemical intermediates, which are used as feedstock for fiber and resins production, and are sold in the merchant market; nylon polymers that are sold to the thermoplastic, apparel, textile, and industrial markets; and fibers for use in residential and commercial carpet, and industrial markets. The company sells its products through its own sales force and distributors. Solutia was founded in 1901 and is headquartered in St. Louis, Missouri. The company and its 14 U.S. subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in December 2003. Solutia operates its business as debtor-in-possession.
Republic Airways Holdings Inc.,
(Nasdaq: RJET)
Current Price (22.05)
www.SmallCapStockAnalyst.com
INDIANAPOLIS--Oct 3--Republic Airways Holdings (NASDAQ:RJET - News) announced today that its Republic Airlines subsidiary has received its Air Operator Certificate (AOC) from the Mexican Directorate General of Civil Aviation (DGAC). The AOC gives Republic Airlines the authority to operate EMB 170/175s on several routes to Mexico, including: Denver to Puerto Vallarta, Los Cabos, Mazatlan and Zihuatanejo; Sacramento and San Jose, California to Los Cabos; and Albuquerque, New Mexico to Puerto Vallarta. Republic Airways Holdings, Inc., through its subsidiaries, offers regional airline services in the United States. It primarily offers scheduled passenger airline; and passenger and air freight service. The company also offers charter; aircraft leasing; and commuter slot licensing services. As of December 31, 2005, it operated 95 ERJ-145 family aircrafts; 37 ERJ-170 aircrafts; and 10 ERJ-170 aircrafts. The company was founded in 1996 and is based in Indianapolis, Indiana. Republic Airways Holdings, Inc. is a subsidiary of WexAir LLC.
Farallon Resources Ltd.
(OTC BB:FRLLF)
Current Price (0.65)
www.SmallCapStockAnalyst.com
VANCOUVER, BRITISH COLUMBIA---Oct 3, 2007 -- Farallon Resources Ltd. ("Farallon" or the "Company") (Toronto:FAN.TO - News)(Other OTC:FRLLF.PK - News) announced today that its Board of Directors has approved the adoption of a Shareholder Rights Plan Agreement (the "Rights Plan"). The Rights Plan is being adopted to ensure the fair treatment of all Farallon shareholders in connection with any take-over bid for the outstanding common shares of Farallon. The Rights Plan will provide shareholders with adequate time to properly evaluate and assess a take-over bid without facing undue pressure or coercion. The Rights Plan also provides the Board with additional time to consider any take-over bid and, if applicable, to explore alternative transactions in order to maximize shareholder value. Farallon is advancing the exploration and development of the G-9 deposit in Guerrero State, Mexico. The Company's 2007 parallel track program has been very successful to date. Exploration drilling is expanding the high-grade G-9 deposit, and mine planning and design, equipment acquisition and site preparation activities are also taking place with the goal of beginning production in July 2008.
RF Micro Devices, Inc
(Nasdaq: RFMD)
Current Price (6.93)
www.SmallCapStockAnalyst.com
SAN DIEGO, Oct. 2 -- Wireless Fund (Nasdaq: WIREX - News) for the Period Ended September 30, 2007. Market research company IDC expects the entire consumer navigation market to grow by 53 percent worldwide in 2007, with Western Europe by far the largest regional market, followed by the U.S. SiRF Technology Holdings Inc. (Nasdaq: SIRF - News) develops and markets semiconductor and software products that are designed to enable location-awareness utilizing GPS and other location technologies in high-volume mobile consumer devices and commercial applications. SiRF's technology has been integrated into mobile consumer devices, such as automobile navigation systems, mobile phones, PDAs, GPS-based peripherals and handheld GPS navigation devices, and into commercial applications, such as asset tracking devices and fleet management systems. As of September 30, 2007 SiRF Technology Holdings represented 3.79% of the net assets of Wireless Fund. RF Micro Devices, Inc. engages in the design, development, manufacture, and marketing of proprietary radio frequency components and system level solutions for wireless communications products and applications. The company offers various products, including power amplifiers; mixers; modulators/demodulators and single chip transmitters; Bluetooth products; and receivers and transceivers. It develops components for satellite radio and global positioning systems (GPS); and solutions for handsets, personal digital assistants, handheld navigation applications, and telematics systems. The company’s infrastructure products consist of components for wireless base stations, quadrature modulators, and driver amplifiers. Its products are used primarily in cellular phones, base stations, wireless local area networks, cable television modems, and GPS. RF Micro Devices sells its products to both domestic and international original equipment manufacturers and original design manufacturers through directly sales force, as well as through sales representative firms and distributors. The company has a strategic relationship with Jazz Semiconductor, Inc. RF Micro Devices was founded in 1991 by William J. Pratt, Powell T. Seymour, and Jerry D. Neal. The company is headquartered in Greensboro, North Carolina.
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