Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Australian-Canadian Oil Royalties Ltd. (OTC BB:AUCAF.OB) , Accentia Biopharmaceuticals, Inc. (NasdaqGM:ABPI) , Intrepid Holdings, Inc. (OTC BB:ITPD) , Federal-Mogul Corporation (OTCBB: FDMLQ)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.12)
Gemini Explorations, Inc. Receives Proposals to Increase Revenue at the Los Chorros Gold Mine
Tuesday October 16, 2:30 am ET
CALGARY, AB----Oct 16, 2007 -- Gemini Explorations, Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that it has received a number of joint processing proposals from mine operators and concession holders adjoining and nearby the Los Chorros Gold Mine. Gemini's plans to build a modern mineral recovery plant at Los Chorros and nearby operators using antiquated equipment with low percentage gold recovery have approached Gemini to process their gold ore on a joint net revenue basis. The joint processing proposals present an excellent opportunity for Gemini to accelerate the capital recovery costs of modernizing the Los Chorros mine and to further increase and enhance Gemini's net cash flow. As reported on October 8 2007, Gemini projected that a 100 tonne per day production rate would produce over US$7,300,000 of net cash flow after all costs.
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
Historically one of the largest gold producing countries in the world,
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:
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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Australian-Canadian Oil Royalties Ltd.
(OTC BB:AUCAF.OB)
Current Price (0.54)
CISCO, Texas--Oct 16--Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF - News) is pleased to announce that the operator of VIC/P54 has been granted a Production License from the Australian Government for Petroleum Permit VIC/L29 in relation to the Longtom gas field on ACOR's ORRI. 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.
Accentia Biopharmaceuticals, Inc.
(NasdaqGM:ABPI)
Current Price (2.65)
Intrepid Holdings, Inc.
(OTC BB:ITPD)
Current Price (0.04)
Intrepid Holdings, Inc. provides pharmacy services through mail order, home/office delivery, and central fill facilities in the
Federal-Mogul Corporation
(OTCBB: FDMLQ)
Current Price (0.40)
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