Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Thermadyne Holdings Corporation (OTC BB:THMD) , American Mold Guard Inc. (Nasdaq:AMGI) , Australian-Canadian Oil Royalties Ltd. (OTC BB:AUCAF) , AFC Enterprises, Inc. (NasdaqGM:AFCE)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.14)
www.SmallCapStockAnalyst.com
Gemini Explorations, Inc. Reports on Re-Development Budget for the Los Chorros Gold Mine
Monday October 8, 2:30 am ET
Mine Modernization Projected to Yield US$7,300,000 of Net Cash Flow to Gemini
CALGARY, AB----Oct 8, 2007 -- Gemini Explorations, Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that it has received an extensive project cost analysis for the modernization and complete re-development of the Los Chorros Gold Mine. The MPGS report was overseen and prepared by Juan Fernando Restrepo, professional geologist and general manager of Minera Primecap Geological Services (MPGS) of Medellin, Colombia.
The detailed project cost analysis covers the estimated budget to completely modernize and redevelop the Los Chorros Gold Mine. The report also includes the annualized mining costs of Los Chorros operating at a production rate of 100 tonnes per day. The report includes the following categories:
I. Personnel Costs including professional engineers, technical staff and
auxiliary support personnel (includes permanent mine management and
operating personnel.)
II. Geological Exploration & Mining Costs covering geological &
geochemical analysis, mineralogy and metallurgy development, mine
and plant design, legal & environmental contingency plan and
digitalization costs of topographical and sampling data.
III. Direct Operating Costs including personnel installation costs,
management costs, civil works, recovery plant building, power plant,
underground mining equipment and the mineral recovery plant. Also
included are environmental waste disposal and site vehicle costs.
The total cost of the project is estimated to be US$595,900; adding a contingency factor of 30% would bring the maximum projected total to US$774,700.
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. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day 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 US$3,515,000 per year and a 100 tonnes per day production rate would produce over US$7,300,000 of net cash flow after all costs.
MPGS estimate that production in the second year could increase to 200 tonnes per day yielding US$14,600,000 net cash flow to the company. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 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.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of the gold production of the property, the expected completion date of the redevelopment and modernization of the Los Chorros Gold mine, the low capital costs to upgrade the Los Chorros operating plant, the assumed production and net cash flow and the multi million ounce potential of the La Planada Gold project.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
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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Thermadyne Holdings Corporation
(OTC BB:THMD)
Current Price (13.90)
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ST. LOUIS--Oct 8--Thermadyne Holdings Corporation's common stock (OTCBB: THMD - News) will be traded on the NASDAQ Capital Market system effective October 9, 2007, under the symbol THMD. Thermadyne, headquartered in St. Louis, Missouri, is a leading global manufacturer and marketer of cutting and welding products and accessories under a variety of leading premium brand names including Victor®, Tweco® / Arcair®, Thermal Dynamics®, Thermal Arc®, Stoody®, TurboTorch®, Firepower® and Cigweld®. Its common shares will trade on the NASDAQ system under the symbol THMD. For more information about Thermadyne, its products and services, visit the Company's web site at www.Thermadyne.com.
American Mold Guard Inc.
(Nasdaq:AMGI)
Current Price (1.14)
www.SmallCapStockAnalyst.com
SAN JUAN CAPISTRANO, Calif.-- Oct 5-- American Mold Guard Inc., a provider of mold prevention services, said Friday that Chairman and Chief Executive Thomas Blakeley has resigned from the company."Given the unique issues that the company faces in the current new construction market, the board concluded that a change in focus and management direction was in the best interest of the company," said Director Frank Brandenberg, who chairs the nominating and corporate governance committee. American Mold Guard, Inc. and its subsidiaries provide antimicrobial surface protection services primarily to builders of single and multi-family homes, health care facilities, and other large institutions in the United States. Its mold prevention services consists of removing existing mold spores from wood and other building materials used in residential construction, and preventing future mold growth on these materials by coating them with an antimicrobial solution. The company also offers infection control services, including pre-surface testing to measure bacterial and virus counts; containing the surface area to be treated; disinfecting surfaces, including walls and floors; applying an antimicrobial coating; deploying air scrubbers and humidifiers; and post-surface testing to measure bacterial and virus counts. In addition, it provides termite control services. American Mold Guard offers its services to home builders through 16 service centers in California, Florida, Texas, Mississippi, and Louisiana. The company was founded in 2002 and is headquartered in San Juan Capistrano, California.
Australian-Canadian Oil Royalties Ltd.
(OTC BB:AUCAF)
Current Price (0.40)
www.SmallCapStockAnalyst.com
CISCO, Texas--Oct 8--Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF - News) is pleased to announce that the joint venture partner announced that the Cleansweep-1 exploration well in PEL 100 will commence drilling this week.Primary oil targets in Cleansweep-1 are the Paning, Birkhead/Hutton and Poolowanna Formations with the Tinchoo Formation as a secondary target. 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.
AFC Enterprises, Inc.
(NasdaqGM:AFCE)
Current Price (15.48)
www.SmallCapStockAnalyst.com
ATLANTA, Oct. 5 -- AFC Enterprises, Inc. (Nasdaq: AFCE - News), the franchisor and operator of Popeyes® Chicken & Biscuits, announced today that Robert Calderin has resigned as chief marketing officer to pursue another business opportunity. He will remain with the company through early November to assist with the transition. AFC Enterprises, Inc. is the franchisor and operator of Popeyes® Chicken & Biscuits, the world's second-largest quick-service chicken concept based on number of units. As of July 15, 2007, Popeyes had 1,878 restaurants in the United States, Puerto Rico, Guam and 23 foreign countries. AFC has a primary objective to be the world's Franchisor of Choice® by offering investment opportunities in its Popeyes Chicken & Biscuits brand and providing exceptional franchisee support systems and services. AFC Enterprises can be found at www.afce.com.
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