Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), GVI Security Solutions, Inc (OTC BB:GVSS) , CityView Corporation Ltd. (OTCBB:CTVWF) , NewMarket Technology, Inc. (OTC BB:NMKT) , Proginet Corporation (OTC BB:PRGF)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.15)
http://www.smallcapstockanalyst.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,
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
http://www.geminiexploration.com/ email: info@geminiexploration.com
403-697-4877
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GVI Security Solutions, Inc
(OTC BB:GVSS)
Current Price (0.93)
http://www.smallcapstockanalyst.com/
CARROLLTON, Texas--Nov 30--GVI Security Solutions, Inc. (OTCBB:GVSS - News), a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products, announced that they have received an order for a school video surveillance project from Baton Rouge Community College. GVI Security Solutions, Inc., through its subsidiaries, provides video surveillance and security solutions to the homeland security, professional, and business-to-business markets. It offers a combination of closed circuit televisions, digital video recorders, access control, rapid access portals, software systems, and networking products that enhance life safety for government agencies and the private sector. The company's video surveillance and integrated security solutions include black and white, and color cameras, which include motion detection, and low light day/night resolution; waterproof and weather resistant cameras; dome and pinhole cameras and casings; a range of lenses; black and white, color, plasma, and flat screen monitors; videocassette and digital recorders, and hard disk recorders; video transmission equipment; digital video processors and recorders, switchers, and video management systems; digital video recording software; and hardware and software, which enable intelligent video surveillance. It also designs and manufactures building access portals. The company serves distributors, system integrators, government agencies, and private sector businesses in the
CityView Corporation Ltd.
(OTCBB:CTVWF)
Current Price (0.24)
http://www.smallcapstockanalyst.com/
OTTAWA, ONTARIO----Dec 3, 2007 -- CityView (OTC BB:CTVWF.OB - News)(ASX:CVI.AX - News)(Frankfurt:C4Z.F - News) is pleased to advise that the preliminary feasibility study headed by Mr Conrad Maher has now concluded and as a result of the positive findings, CityView has agreed to move ahead with its acquisition of the Matanda Oil and Gas fields by taking over Petro Energy Africa Limited. City View Corporation Ltd. is an exploration and development company. It is management's objective to grow CityView into a significant uranium, beryllium, oil and gas project by developing its interest in
NewMarket Technology, Inc.
(OTC BB:NMKT)
Current Price (0.23)
http://www.smallcapstockanalyst.com/
DALLAS, TX----Dec 3, 2007 -- Micros Report is pleased to announce the release of its research coverage of NewMarket Technology, Inc. (OTC BB:NMKT.OB - News). NewMarket Technology is a ten-year-old, multinational technology firm approaching $100 million in revenue, with the majority of its growth in the world's fastest growing regions, specifically Asia and
Proginet Corporation
(OTC BB:PRGF)
Current Price (1.42)
http://www.smallcapstockanalyst.com/
GARDEN CITY, N.Y.----Proginet Corporation (OTCBB: PRGF - News), developer of enterprise software for managed file transfer and security, today announced the election of three new members to the Company's Board of Directors. Amit K. Basak, Stephen Kezirian, and Allen J. Wolpert were elected at the Company's Annual General Meeting, held at Proginet's corporate headquarters on Friday, November 30, 2007. The new directors join existing board members Kevin M. Kelly, George T. Hawes, and Dr. E. Kelly Hyslop, who has been appointed Chairman of the Board. Proginet Corporation is a developer of enterprise software for managed file transfer and security. Throughout its 20-year history, the company has earned a solid reputation for its multi-platform expertise and dedication to customer service. Its products, including CyberFusion Integration Suite (CFI)™, SecurForce™, SecurPass®, and SecurAccess™, support all major computing platforms, from PCs to mainframes. Proginet’s global customer base spans more than 30 countries and includes many Fortune 500 companies. The company is headquartered in Garden City, N.Y., with offices in
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