Calgary, AB 12/4/2007 5:05:00 PM
News / Finance

Los Chorros Gold Mine Upgrade Projected to Generate US$12,900,000 Net Cash Flow to Gemini Explorations Inc.

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), Microfield Group, Inc. (OTCBB: MICG), Wall Street Reporter (OTC BB:GWDC) , California Bank of Commerce (OTC BB:CABC) , Verizon Communications Inc.  (NYSE:VZ)

 

 

 

Featured Stock: Gemini Explorations, Inc.

(OTCBB: GXPI)

Current Price (0.15)

http://www.wallstreetstockreview.com/

 

 

Los Chorros Gold Mine Upgrade Projected to Generate US$12,900,000 Net Cash Flow to Gemini Explorations Inc.

 

-- Financing for Gold Mine Modernization Reaches Final Negotiations

 

 

Calgary, AB- December 4, 2007 -- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is pleased to report that it is in final negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The financing is equity based and should be completed within the next 14 days. 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. Minera Primecap Geological Services (MPGS) reported 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.

 

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

 

403-697-4877

 

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

 

 

Microfield Group, Inc.

(OTCBB: MICG)

Current Price (1.00)

http://www.wallstreetstockreview.com/

PORTLAND, Ore.--Nov 30--Microfield Group, Inc. (OTCBB:MICG), an innovator in the demand response marketplace, has announced that the Company has executed an agreement to become the primary provider of demand response services for a major eastern seaboard state. This contract, the largest such comprehensive state program to date in PJM, further validates the Company’s high-growth business model that targets a $12 billion segment of the demand response marketplace in 20 major U.S. metropolitan centers.                          Microfield Group combines selling wholesale services to regional power grids with traditional electrical contracting and design and integration of infrastructure for wind, solar and other distributed power systems. This combination provides the platform to be a contributor to the growing alternative energy industry and to provide business processes and software capabilities that link the adjustment of consumer energy consumption to the wholesale electric market. Microfield utilizes consumers of electricity to generate revenue from the regional grids and serves this market through proprietary software and models that enable consumers to adjust use, provide prices to determine beneficial actions, and automate all aspects of the process. Microfield is headquartered in Portland, Oregon, and its common stock is traded on the OTC Bulletin Board under the symbol "MICG." Additional information about Microfield is available at www.microfield.com.

 Wall Street Reporter

(OTC BB:GWDC)

Current Price (0.55)

http://www.wallstreetstockreview.com/

NEW YORK, Nov. 30, 2007  -- Wall Street Reporter this week announced the names of three of the six CEOs presenting at their Small-Cap Discovery Conference, which will take place at the Harvard Club in New York City on the evening of December 12th.                     Wall Street Reporter (Est. 1843) is the premier source of investment information on global small-cap public companies in high-growth sectors. Through their magazines, special reports, website, and conferences, WSR presents unique opportunities for discovering stocks before they appear on the radar of Wall Street. Visitors to their website, http://www.wallstreetreporter.com, can listen to and view exclusive audio and video from an extensive library of CEO interviews, analyst roundtables, and conference webcast presentations, as well as subscribe to WSR's ``Smart Money Alert'' - a weekly update of stock picks and timely market insights from top analysts and stock gurus.

 

California Bank of Commerce

(OTC BB:CABC)

Current Price (10.22)

http://www.wallstreetstockreview.com/

LAFAYETTE, CA----Nov 30, 2007 -- California Bank of Commerce (OTC BB:CABC.OB - News) announced that veteran commercial real estate and middle-market business banker Terry Guillory has joined the Bank, as a Senior Vice President / Senior Relationship Manager.                  A bank focused on business clients, California Bank of Commerce provides a broad range of commercial banking and advisory services to mid-market businesses and professionals throughout the San Francisco Bay Area. For more information on California Bank of Commerce and our unique banking experience, call us at 925-283-2265, or visit us at www.californiabankofcommerce.com.

Verizon Communications Inc.

(NYSE:VZ)

Current Price (43.21)

http://www.wallstreetstockreview.com/

BASKING RIDGE, N.J., and SAN DIEGO, Nov. 30 -- Verizon Wireless, the company with the nation's most reliable wireless voice and data network, and LG Electronics MobileComm USA, Inc. (LG Mobile Phones) announced today the newest flavor of Chocolate by LG -- Blue Ice. The newest addition to the Chocolate line-up, the silky-smooth slim slider design comes coated with a frosty blue finish and includes the must-have multimedia capabilities for the music and entertainment lover on your holiday list.                 Verizon Communications Inc. (NYSE: VZ - News), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 60.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of more than 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit www.verizon.com.

 

 

 

 

 

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