Calgary, AB 11/5/2007 8:40:00 PM
News / Stocks

Mine Modernization Projected to Yield US$12,960,000 of Net Cash Flow to Gemini

Stocks to Watch:  Gemini Explorations, Inc. (OTC BB:GXPI), Far East Energy Corp. (OTCBB: FEEC.OB), Express-1 Expedited Solutions, Inc. (AMEX:XPO) , TechPrecision Corporation (OTC BB:TPCS.OB) , McMoRan Exploration Co. (NYSE:MMR)  

Featured Stock: Gemini Explorations, Inc.

(OTC BB:GXPI)

Current Price (0.10)

http://www.smallcapstockanalyst.com/ 

GEMINI EXPLORATIONS INC INCREASES PROJECTED CASH FLOW OF THE LOS CHORROS GOLD MINE

 

~Mine modernization projected to yield US$12,960,000 of net cash flow to Gemini~

 

Calgary, AB—Nov. 5 -- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is pleased to report that it has it has increased the cash flow projections for the Los Chorros Gold Mine. On October 25, 2007 Gemini reported vein sample results averaging 41.94 g/tonne Au which has increased the projected production yield from 12 to 20 grams per tonne. MPGS reports that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.

 

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. 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 reports were prepared by general manager Juan Fernando Restrepo and chief geologist Carlos Alberto Vera of Minera Primecap Geological Services (MPGS) of Medellin, 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 and the low capital costs to upgrade the Los Chorros operating plant and the net cash flow estimates.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.

 

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

 

 

 

 

 

 

For an in-depth analyst report, please visit : http://www.smallcapstockanalyst.com/

Far East Energy Corp.

(OTCBB: FEEC.OB)

Current Price (1.35)

http://www.smallcapstockanalyst.com/

HOUSTON--Nov. 1--Far East Energy Corporation (OTCBB:FEEC - News) announced today that it has commenced the drilling of its HZ08V well, in its Shouyang Block in Shanxi Province, China. Like its predecessors, this well will be completed in the Number 15 coal seam, and it will be the fifth vertical well to be stimulated by cavitating the targeted coal seam with air. All wells drilled have revealed strong gas content and high permeability.             Far East Energy Corporation, a development stage company, engages in the acquisition, exploration, development, production, and sale of coalbed methane gas in the Shanxi Province in northern China and in the Yunnan Province in southern China. As of December 31, 2005, the company had approximately 265,000 (gross) acres in Yunnan Province and approximately 1,058,000 (gross) acres in Shanxi Province. It had drilled three exploratory wells and four slim-hole vertical wells on acreage in the Yunnan Province; and two exploratory horizontal wells on acreage in the Shanxi Province, as of the above date. The company was founded in 2000 and is based in Houston, Texas.

 

Express-1 Expedited Solutions, Inc.

(AMEX:XPO)

Current Price (1.32)

http://www.smallcapstockanalyst.com/

BUCHANAN, Mich.--Nov. 1--Express-1 Expedited Solutions, Inc. (AMEX:XPO - News), an asset light provider of ground expedited transportation, announced today it is attending the Stephens Inc. Fall Investment Conference, Nov. 14-15 at the New York Palace Hotel, New York, New York. Express-1 CEO Mike Welch will meet with interested investors and provide an overview of the company and review third quarter results.                        Offering same-day, time-sensitive, and dedicated transportation to over 1500 customers, Express-1 is one of the largest ground expedite companies in the country. The company's premium transportation service is provided through its 24/7 operations center, by its experienced inside sales staff that uses the latest in vehicle tracking and dispatch software. Express-1 covers the 48 states and Canada and has outside sales staff that covers the Midwest and Southeast. Express-1 utilizes an asset light operating model working with independent contractors that live throughout the country. Express-1 Expedited Solutions, Inc. is publicly traded on the American Stock Exchange under the symbol XPO. For more information about the Company, visit http://www.express-1.com

TechPrecision Corporation

(OTC BB:TPCS.OB)

Current Price (1.40)

http://www.smallcapstockanalyst.com/

WESTMINSTER, Mass.--Nov.1--TechPrecision Corporation (OTC Bulletin Board: TPCS - News) (“TechPrecision Corporation”, or “the Company”), a leading manufacturer of large-scale, high-precision machined metal fabrications for the alternative energy, medical, nuclear, aerospace/defense and other commercial industries, today announced that it has commenced trading on the OTC Bulletin Board on Thursday, November 1, 2007.                   TechPrecision Corporation, through its wholly-owned subsidiary Ranor, Inc., produces high-precision, large scale metal fabrications and machined assemblies weighing up to 100 tons. A significant part of the Company’s revenues are derived from the alternative energy industry, with solar representing 38.7% of sales and nuclear 0.7% for the first quarter ended June 30, 2007 (FY 2008). Examples of its mission critical components in its key segments include large-scale steel chambers to produce high-performance furnaces used in the manufacture of solar ingots from which solar panels are made, nuclear reactor parts, nuclear waste storage systems, lifting and transportation equipment for the nuclear industry, and a key component for a proton beam therapy machine to treat cancer. The Company is one of a few end-to-end solutions providers with the ability to engineer metal fabrications, machine, assemble, test and deliver large-scale projects with tight tolerance levels.

 

McMoRan Exploration Co.

(NYSE:MMR)

Current Price (12.44)

http://www.smallcapstockanalyst.com/

NEW ORLEANS--Nov. 2--McMoRan Exploration Co. (NYSE: MMR - News) announced today that it intends to offer a total of $400 million aggregate principal amount of senior notes to the public.  McMoRan intends to use the proceeds from the offering to repay indebtedness under a bridge facility used in connection with the acquisition of the Gulf of Mexico shelf oil and gas properties of Newfield Exploration Company.
         McMoRan Exploration Co. is an independent public company engaged in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area. McMoRan is also pursuing plans for the development of the MPEH(TM) which will be used for the receipt and processing of liquefied natural gas and the storage and distribution of natural gas. Additional information about McMoRan and the MPEH(TM) project is available on its internet website "www.mcmoran.com" and at "www.mpeh.com".

 

 

 

 

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