Calgary, AB 12/7/2007 6:15:00 PM
News / Finance

SmallCapStockAnalyst.com Presents Hot Stock Picks for Friday

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), ECOtality, Inc.  (OTC BB:ETLY) , Cheetah Oil and Gas Ltd. (OTC BB:COGL.OB) , Sutura, Inc. (OTC BB:SUTU) , ERF Wireless (OTC BB:ERFW)

 

 

 

 

Featured Stock: Gemini Explorations, Inc.

(OTCBB: GXPI)

Current Price (0.11)

http://www.smallcapstockanalyst.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: www.SmallCapStockAnalyst.com

 

ECOtality, Inc.

(OTC BB:ETLY)

Current Price (0.22)

http://www.smallcapstockanalyst.com/

SCOTTSDALE, Ariz.--Dec 5--ECOtality, Inc. (OTCBB: ETLY - News), a renewable energy company that acquires and commercially advances clean electric technologies and applications, announced that the Company will host a shareholder update call on Wednesday, December 12th, 2007. Jonathan Read, President and CEO of ECOtality, Barry Baer, CFO of ECOtality, Don Karner, President and CEO of eTec, and Darrel Musick, President and CEO of Innergy Power, will host the conference call with the financial community at 4:30 p.m. (EST). The call will discuss the Company's recent acquisitions and provide an update on general business developments.                 ECOtality, Inc. (OTCBB:ETLY - News), headquartered in Scottsdale, Ariz., is a technology innovator that leverages global R&D resources to develop and commercialize renewable energy technologies, specifically aimed at addressing today's global energy challenges. Through strategic partnerships, ECOtality applies scientific knowledge and creates proprietary green energy technologies.

 

Cheetah Oil and Gas Ltd.

(OTC BB:COGL.OB)

Current Price (0.27)

http://www.smallcapstockanalyst.com/

VANCOUVER, BRITISH COLUMBIA---Dec 5, 2007 -- Cheetah Oil and Gas Ltd. (OTC BB:COGL.OB - News) (the "Company") announced recently that it had completed a farmin transaction with Invicta Oil & Gas ("Invicta") (CDNX:IGG.V - News) whereby Invicta has acquired shares in the Company's British Columbia subsidiary Cheetah B.C. Cheetah B.C. holds petroleum prospecting and retention licenses in approximately 8.4 million acres of land in Paupua New Guinea.           Cheetah B.C. holds petroleum prospecting and retention licenses in approximately 8.4 million acres of land in Paupua New Guinea.In consideration for acquiring a 90% interest in Cheetah B.C., Invicta has agreed to settle approximately $15 million in liabilities and will contribute a further $10 million in additional capital to Cheetah B.C. on or before December 31st 2008 which will be applied to further exploration and development work on Cheetah's licenses in Papua New Guinea.

 

Sutura, Inc.

(OTC BB:SUTU)

Current Price (0.09)

http://www.smallcapstockanalyst.com/

FOUNTAIN VALLEY, CALIFORNIA----Dec 4, 2007 -- Sutura, Inc. ("Sutura") (OTC BB:SUTU.OB - News), a California-based medical device company, announced today that it has settled a patent infringement lawsuit it had against Abbott Laboratories. The settlement provides for a cross license of the Hathaway patents, licensed to Abbott by Indiana University, and the Sutura Nobles patents. In addition, Abbott has agreed to pay Sutura $23 million as part of the settlement agreement.                Sutura®, Inc. (www.suturaus.com) is a medical device company that has developed a line of innovative, minimally invasive, vascular suturing devices to suture the puncture created in arteries during open surgery and catheter-based procedures. The Company's line of SuperStitch medical devices provide sutured closure of the arteriotomy site utilizing the existing catheter sheath introducer or cannula during fluoroscopically guided procedures and directly through the open arteriotomy during open surgical procedures. Within the United States the 8F & 6F SuperStitch devices are available for use in performing vascular stitching in general surgery, including endoscopic procedures. It is not intended for blind closure of an arteriotomy site. The SuperStitch 8F & 6F is approved in the European Union and CE marked with the indication for use as follows: The SuperStitch is indicated for use in performing vascular stitching in general surgery, including endoscopic procedures. In the EU there is no requirement for the use of fluoroscopic guidance. Sutura's headquarters are in Fountain Valley, California. "Sutura®" and "SuperStitch®" are registered trademarks of Sutura, Inc.

ERF Wireless

(OTC BB:ERFW)

Current Price (1.01)

http://www.smallcapstockanalyst.com/

LEAGUE CITY, Texas--Dec 5--ERF Wireless (OTCBB:ERFW - News), a provider of enterprise-class wireless and broadband products and services, and Latens Systems, the leading provider of software security solutions for Pay-TV & IPTV, today announced a working collaboration that will see the two companies cooperate closely to provide advanced, secure fiber-to-the-home (FTTH) systems for projects in the international marketplace.                   ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of ERF Enterprise Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national, and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than twenty years. For more information, please visit our website at www.erfwireless.com or call 281-538-2101.

 

 

 

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