Calgary, AB 12/7/2007 8:10:00 PM
News / Finance

Stocks to Watch: (OTCBB: GXPI), (OTCBB:ETLT), (OTCBB: BUGS), (OTC BB:WEGY) , (OTC BB:NJMC)

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), Eternal Technologies Group, Inc. (OTCBB:ETLT), U.S. Microbics, Inc (OTCBB: BUGS), World Energy Solutions, Inc (OTC BB:WEGY) , New Jersey Mining Company (OTC BB:NJMC)

 

 

 

 

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

 

Eternal Technologies Group, Inc.

(OTCBB:ETLT)

Current Price (0.46)

http://www.smallcapstockanalyst.com/

HOUSTON, TX----Dec 5, 2007 -- Counsel for Eternal Technologies Group, Inc. (OTC BB:ETLT.OB - News) has stated to Western Securities Corporation that ETLT does not have sufficient assets in the U.S. to post a supersedeas bond in the amount of the judgment as required to stay the enforcement of the writ of execution and the seizure of ETLT assets. A final judgment of $732,290 was rendered in favor of Western Securities Corporation in the U.S. District Court of the Southern District of Texas, Civil Action Number H-O5-02504 on October 31, 2007.                    Eternal has become one of China's leading institutions for biopharmaceutical and biotech research, pure breed cultivation and breed stock production. The Company has secured a key market niche by commercializing gene engineering technologies and providing superior breeding stock, allowing China's citizens the ability to improve their living standards. With the world's largest population, a double-digit national growth rate and entry into the WTO, Eternal Technologies has a playing field set for tremendous opportunity. As a prominent player in the agricultural genetics industry, cash in the bank and an untapped market, Eternal has the potential to become a major player in China's national growth.

U.S. Microbics, Inc

(OTCBB: BUGS)

Current Price (0.0024)

http://www.smallcapstockanalyst.com/

CARLSBAD, Calif.-Dec 5--U.S. Microbics (OTCBB:BUGS - News), an environmental enhancement company, announced that it is redefining its mission in the environmental industry by offering financial consulting services and creative growth strategies for seasoned companies with innovative green technologies, organic consumables, or eco-friendly products that enhance the environment.                          U.S. Microbics, Inc., through its subsidiaries, engages in the development, manufacture, and sale of engineered remediation solutions for clean up of toxic waste releases to soil and groundwater primarily in the United States. The company operates through two divisions, USM Solutions and USM Capital Group, Inc. The USM Solutions division provides proprietary microbial technologies that provide natural solutions to various environmental problems.

 

World Energy Solutions, Inc

(OTC BB:WEGY)

Current Price (0.28)

http://www.smallcapstockanalyst.com/

ST. PETERSBURG, Fla., Dec. 5, 2007 - World Energy Solutions, Inc. (OTC BB:WEGY.OB - News), a company focused on energy conservation and environmental sustainability, announces that its Chief Executive Officer Benjamin Croxton will conduct an exclusive new audio-taped webcast interview so that WEGY shareholders and the investment community can learn more about recent developments and future prospects of the company. Unrestricted access to the webcast will be available beginning Friday, December 7 at The Green Baron Investors Society's website http://www.TheGreenBaron.com. Investors who wish to receive The Green Baron Report for free can join at http://www.thegreenbaron.com/Join.htm.           World Energy Solutions, Inc. (OTC BB:WEGY.OB - News) is an Energy Services Company and electronics manufacturer. WES's primary business focus is the development of technology for lowering electrical, gas and water usage for commercial, government and residential facilities. For more information about WES please visit its website at http://www.wesinc.net/.

 

New Jersey Mining Company

(OTC BB:NJMC)

Current Price (0.46)

http://www.smallcapstockanalyst.com/

KELLOGG, Idaho, Dec. 5, 2007 -- New Jersey Mining Company (OTC BB:NJMC.OB - News) recently completed the staking of 102 new unpatented claims in the East Fork Eagle Creek drainage just north of Murray, Idaho. NJMC now holds 172 claims for a total of approximately 3,300 acres within the East Fork Eagle drainage. Within the claimed area are three promising gold prospects with major tonnage potential: the Golden Reward, Gold Butte, and Mineral Ridge. The Company's Niagara copper-silver deposit is also within the claimed area. It has a drill indicated and inferred resource of 14.2 million tonnes grading 20 grams per tonne (gpt) silver and 0.47% copper.                           New Jersey Mining Company engages in the exploration and development of gold, silver, and base metal ore resources in the in the Greater Coeur d'Alene Mining District of North Idaho and extending into Western Montana of the United States. It owns interests in the Niagara copper silver-deposit, the New Jersey mine, the Silver Strand mine, the Golden Chest mine, and other exploration prospects. The Niagara copper-silver deposit is located near the forks of Eagle Creek; the New Jersey mine is located in the Gold Run Gulch area, two miles east of Kellogg, Idaho; and the Silver Strand mine is located in Kootenai County, Idaho; and the Golden Chest project is located in Reeder Gulch about 1.2 miles east of Murray, Idaho. The company's other projects include the Gold Butte prospect, the CA-Toboggan area prospect, the Lost Eagle, the Wisconsin-Teddy prospect, and the Silver Button/Roughwater prospect. The company was founded in 1996 and is based in Kellogg, Idaho.

 

 

 

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