Calgary, AB 11/20/2007 5:10:00 PM
News / Stocks

Breaking News: GEMINI EXPLORATIONS INC RECIEVES JOINT VENTURE PROPOSAL TO EXPAND THE LOS CHORROS GOLD PROJECT

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), Bayou City Exploration, Inc.  (OTC BB:BYCX) , Canarc Resource Corp. (OTC BB:CRCUF) , Delta Oil & Gas, Inc. (OTC BB:DOIG), ALR Technologies, Inc. (OTC BB:ALRT)

 

 

 

Featured Stock: Gemini Explorations, Inc.

(OTCBB: GXPI)

Current Price (0.17)

http://www.wallstreetstockreview.com/

 

 

GEMINI EXPLORATIONS INC RECIEVES JOINT VENTURE PROPOSAL TO EXPAND THE LOS CHORROS GOLD PROJECT

 

Calgary, AB --- November 20, 2007---Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is pleased to report that it has received a joint venture proposal from concession holders adjoining the Los Chorros Gold Mine. The proposal would expand Gemini’s land position and increase the scale of the Los Chorros Gold project. Gemini had received a number of joint processing proposals and has now expanded those proposals to include ownership in the adjoining concessions. 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. The new joint  ownership and processing proposals in the adjoining mine concessions present an excellent opportunity for Gemini to increase revenue, expand mine life and accelerate the capital recovery costs of modernizing the Los Chorros mine. Gemini reported on November 5, 2007 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.

 

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 to be acquired, the low capital costs to upgrade the Los Chorros operating plant, expanded mine life and  the assumed production and net cash flow.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: www.WallstreetStockReview.com

 

Bayou City Exploration, Inc.

(OTC BB:BYCX)

Current Price (0.40)

www.WallstreetStockReview.com

HOUSTON, TEXAS---Nov 19, 2007 -- Bayou City Exploration, Inc. ("Bayou City", or "the Company") (OTC BB:BYCX.OB - News) is pleased to provide an update on its recent project development and expanded application of advanced technologies to speed prospect generation and de-risking.The Company's currently has four projects in Aransas, Willacy and Kenedy Counties in coastal and south Texas. Collectively, the potential project reserves total 54.5 BCF of natural gas with an estimated gross value of $407 million. The Company anticipates adding 4 to 6 drillable prospects in the focus area to its prospect inventory in early 2008.
Bayou City Exploration, Inc. is an oil and gas exploration firm focused in proven geologic trends in East Texas, the Gulf Coast of Texas, and South Texas. Based in Houston, Texas, Bayou City leverages its management team's long experience and multidisciplinary expertise in applying advanced technology to the analysis and selection of high-potential prospects with low exploration risk.

Canarc Resource Corp.

(OTC BB:CRCUF)

Current Price (0.44)

www.WallstreetStockReview.com

VANCOUVER, BRITISH COLUMBIA----Nov 19, 2007 -- Canarc Resource Corp. (Toronto:CCM.TO - News)(OTC BB:CRCUF.OB - News)(Frankfurt:CAN.F - News) announces that it plans to spin-out its Mexican gold projects to a wholly-owned subsidiary company, Caza Gold Corp., and distribute approximately 80% of its shares of Caza Gold pro rata to Canarc shareholders under a Plan of Arrangement.                       Canarc Resource Corp. is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). Canarc is currently focused on advancing its New Polaris gold mine project in British Columbia, exploring the large Benzdorp gold property in Suriname and acquiring attractive gold exploration and mining projects in Mexico. Barrick Gold Corp. is a shareholder.

Delta Oil & Gas, Inc.

(OTC BB:DOIG)

Current Price (0.42)

www.WallstreetStockReview.com

SEATTLE, WA----Nov 19, 2007 -- Delta Oil & Gas, Inc. (OTC BB:DOIG.OB - News) is pleased to announce that the drilling of its PP F-12 #3 well at its Mississippi Prospect (the "PP F-12 #2") has been drilled to total depth, has been logged, tested and cased. The well is a step-out from the PP F-12 in the Belmont Lake Oil Field which is exceeding our initial expectations. The PP F-12 #3 encountered approximately 32 feet of oil pay and has been tested at 116 barrels of oil per day on a 13/64th choke. No water has been encountered. Within the next few days, the well should be connected to a local pipeline to accommodate the production.          Delta Oil & Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area, its interest in the Strachan Prospect, its interest in its Mississippi prospect, its interest in a horizontal drilling prospect in Saskatchewan and its interests at Owl Creek, Oklahoma. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.

 

ALR Technologies, Inc.

(OTC BB:ALRT)

Current Price (0.19)

www.WallstreetStockReview.com

WINSTON-SALEM, NC----Nov 19, 2007 -- ALR Technologies, Inc. (OTC BB:ALRT.OB - News) is pleased to announce that they have completed software enhancements on the CHC(TM), a comprehensive healthcare management system to facilitate containment of healthcare costs by improving efficiency and effectiveness of caregivers. An innovative feature of the system is to provide a documented audit trail for evaluation of healthcare programs. Patent applications have been filed for expanded intellectual property.                  ALR Technologies, Inc. (ALRT) designs and manufactures health management compliance products and monitoring and intervention systems. ALRT's primary system, Constant Health Companion(TM), fills a serious gap in standard disease management practices. It provides for continued and affordable compliance supervision of patients after they have left the direct care of professionals. More information on ALR Technologies and its products can be found at http://www.alrt.com. More information about the Constant Health Companion can be found at: http://www.alrt.com/products/alrt500.html.

 

 

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