CALGARY, AB 10/18/2007 7:05:00 PM
News / Finance

Gemini Explorations, Inc. Receives Proposals to Increase Revenue at the Los Chorros Gold Mine

 

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)

www.SmallCapStockAnalyst.com

 

 

 

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 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:

     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.

 

For an in-depth analyst report, please visit: www.SmallCapStockAnalyst.com

 

Australian-Canadian Oil Royalties Ltd.

(OTC BB:AUCAF.OB)

Current Price (0.54)

www.SmallCapStockAnalyst.com

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)

www.SmallCapStockAnalyst.com

TAMPA, Fla.--Oct 16--Accentia Biopharmaceuticals, Inc. (NASDAQ:ABPI - News) majority owned subsidiary, Biovest International, Inc. (OTCBB:BVTI - News), announced today its regulatory strategy for its Fast Tracked Phase 3 clinical trial of its anti-cancer vaccine for the treatment of Non-Hodgkin's Lymphoma, BiovaxID. The trial was begun by the National Cancer Institute in 2000. The Company performed a data lock in September 2007 and anticipates having a data analysis of unblinded data on the primary endpoint of disease-free survival for BiovaxID completed and publicly disclosed by March of 2008.                       Biovest International, Inc., is a pioneer in the development of advanced individualized immunotherapies for life-threatening cancers of the blood system. Biovest is a majority-owned subsidiary of Accentia Biopharmaceuticals, Inc., (NASDAQ:ABPI - News) with its remaining shares publicly traded. Biovest has a foundation in the manufacture of biologics for research and clinical trials. In addition, Biovest develops, manufactures and markets patented cell culture systems, including the innovative AutovaxID(TM), which is being marketed as an automated vaccine manufacturing instrument and for production of cell-based materials and therapeutics. Biovest is currently conducting a pivotal Phase 3 clinical trial for BiovaxID which is a patient-specific anti-cancer vaccine focusing on the treatment of follicular Non-Hodgkin's Lymphoma. BiovaxID has been granted Fast Track status by the FDA. For further information, visit the Company Web site at www.biovest.com.

 

Intrepid Holdings, Inc.

(OTC BB:ITPD)

Current Price (0.04)

www.SmallCapStockAnalyst.com

HOUSTON--Oct 16--Intrepid Holdings, Inc. (OTCBB:ITPD - News), founder of My Healthy Access announced today its' My Clinic company has opened twelve new retail clinic models in a 1,000 plus national retail pharmacy chain. The first of these clinics are located in Illinois, Indiana, and Ohio.These new model clinics will provide care for episodic non life threatening medical conditions. Certified Nurse Practitioners or Physician Assistants will provide care with physician oversight. The company believes that these clinics will provide greater access to quality, convenient and affordable healthcare for non emergency episodic conditions such as pink eye, colds, and ear and eye infection.
           Intrepid Holdings, Inc. provides pharmacy services through mail order, home/office delivery, and central fill facilities in the United States. Its services include mail order prescription, central fill prescription, and pharmacy benefit management services, as well as claims adjudication, drug utilization review, clinical disease state management, and formulary management. The company also offers medical diagnosis and treatment for various conditions, such as minor aches and pains; cold like symptoms; infections of the ear, eye, nose, and throat; vaccinations; and flu shots primarily to individuals living and working in medically underserved minority and urban communities. Intrepid Holdings serves self insured benefit plans, third party administrators, benefit managers insurance companies, and government agencies. The company was founded in 1997 as Sphinx Industries, Inc. and changed its name to AutoFund Servicing, Inc. Further, it changed its name to Intrepid Holdings, Inc. in 2004. Intrepid Holdings is based in Houston, Texas.

 

Federal-Mogul Corporation

(OTCBB: FDMLQ)

Current Price (0.40)

www.SmallCapStockAnalyst.com

PARIS--Oct 16 --Federal-Mogul Corporation's (OTCBB:FDMLQ - News) Ferodo® ThermoQuiet® Light Vehicle Brake Pad has won the prestigious EQUIP AUTO Grands Prix Gold Award for automotive innovation. Winners were chosen by an international jury of 82 journalists from 27 countries, and were announced yesterday at the 11th International Grands Prix Awards Ceremony at EQUIP AUTO.               Federal-Mogul Corporation is a leading global supplier, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The Company's leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its global profitable growth strategy, creating value and satisfaction for its customers, employees and stakeholders. Federal-Mogul was founded in Detroit in 1899.

 

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