Calgary, AB 12/7/2007 7:15:00 PM
News / Finance

WallstreetStockReview.com Stock Picks for Friday

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), OncoVista, Inc (OTC BB:AVUG.OB) , Aida Pharmaceuticals, Inc. (OTC BB:AIDA) , eFoodSafety.com (OTC BB:EFSF) , Edgeline Holdings, Inc.  (OTC BB:ELHI)

 

 

Featured Stock: Gemini Explorations, Inc.

(OTCBB: GXPI)

Current Price (0.11)

http://www.wallstreetstockreview.com/

 

 

GEMINI EXPLORATIONS COMMENCES MODERNIZATION OF THE LOS CHORROS GOLD MINE

 

~Mine modernization projected to yield US$12,900,000 of net cash flow to Gemini~

 

Calgary, AB -- December 6, 2007 -- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is very pleased to report that it has commenced the modernization and complete re-development of the Los Chorros Gold Mine. Minera Primecap Geological Services (MPGS) of Medellin, Colombia will be managing the project on behalf of Gemini. The upgrade should be complete in the first half of 2008. 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/

 

 

OncoVista, Inc

(OTC BB:AVUG.OB)

Current Price (2.50)

http://www.wallstreetstockreview.com/

SAN ANTONIO--Dec 5--OncoVista, Inc., (OTC BB: AVUG - News) a biopharmaceutical company dedicated to development of innovative, safe and efficacious treatments for cancer, today announced that it has retained Porter, LeVay & Rose as its investor relations agency.                 OncoVista is a biopharmaceutical company engaged in the development and rapid commercialization of innovative targeted therapies for safe and efficacious treatment of cancer. For more information, please visit http://www.oncovista.com

Aida Pharmaceuticals, Inc.

(OTC BB:AIDA)

Current Price (1.23)

http://www.wallstreetstockreview.com/

SANTA MONICA, Calif., Dec. 4 - Aida Pharmaceuticals (OTC Bulletin Board: AIDA - News) today announced that the company's upcoming Rh-Apo2L cancer drug has been named as a "New and High-Tech Transforming Products of 2007" by the Shanghai New High Technology Service Centre ("SNHTSC"), a special government commercialization division led by the Shanghai Municipal Government. This designation will allow Rh-Apo2L to have preferential policies during the commercialization process after Aida completes China's State Food and Drug Administration ("SFDA") clinical testing of the product.                    Aida Pharmaceuticals is a product-focused pharmaceuticals company engaged in the formulation, clinical testing, registration, manufacture, sales and marketing of advanced pharmaceutical and genetic products in mainland China. The Company's mission is to discover, develop and market meaningful new therapies that improve human health. Aida Pharmaceuticals, in operation since March 1999, is headquartered in Hangzhou, China with manufacturing, distribution and sales points throughout mainland China. Aida is GMP certified in China and ISO9002 certified for quality assurance and ISO14000 certified for ecologically-friendly practices.

 

eFoodSafety.com

(OTC BB:EFSF)

Current Price (0.24)

http://www.wallstreetstockreview.com/

SCOTTSDALE, Ariz.--Dec 5--eFoodSafety.com, Inc. (OTCBB:EFSF - News) today announced that its wholly owned subsidiary Knock-Out Technologies, Ltd. will begin a dual purpose study to determine the effectiveness of Citroxin™, using a trans-dermal vehicle, against Methicillin Resistant Staphylococcus Aureus (MRSA). This test is the next progressive step following successful testing of Citroxin™ that demonstrated positive results for eradicating MRSA in a laboratory setting. This step is coupled with the recent completion of a unique trans-dermal cream containing Citroxin™ as the active ingredient.          eFoodSafety.com, Inc., through its subsidiaries, offers technologies that enhance food and health conditions. It develops various products, including anthrax sporicidal, a germicidal cleaner, a wound care antiseptic, an herbicide, and an insect repellent. The company also distributes various products to physicians who then prescribe the products for their patients. It primarily distributes Talsyn-CI/bid scar cream that facilitates and improves the appearance, redness, and strength of scars; Cinnergen, a non prescription liquid whole food nutritional supplement that promotes glucose metabolism; and Trimmendous, a weight loss formula focusing on the body's 24-hour metabolic processes. eFoodSafety.com markets its products in the United States and internationally through various nonexclusive distribution agreements, as well as trade shows, and industry-related events and seminars. The company was incorporated in 1998 and is based in Scottsdale, Arizona.

 

Edgeline Holdings, Inc.

(OTC BB:ELHI)

Current Price (0.40)

http://www.wallstreetstockreview.com/

HOUSTON--Dec 5--Edgeline Holdings, Inc. (OTCBB:ELHI) announced today that it has signed an Option agreement with The University of Texas M. D. Anderson Cancer Center that provides Edgeline Holdings the exclusive right to negotiate a license to five technologies relating to the treatment of various cancers over a nine month period. During this period the company has the right to evaluate the patents rights, potential products and markets, and to negotiate a license for the use of these patents.                       Headquartered in Houston, Texas, Edgeline Holdings, Inc. is a publicly traded holding company that specializes in the area of discovering and acquiring leading-edge niche technologies. These technologies will be incubated and nurtured into market ready applications. Edgeline's current and prospective portfolio consists of early stage companies that require management expertise to further develop the technology to ultimately maximize the value of such technologies by bringing them to market through licensing arrangements and partnerships.

 

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