Calgary, AB 12/11/2007 5:05:00 PM
News / Finance

Gemini Explorations CLOSES on Financing for the Re-Development of the Los Chorros Gold Mine

 

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), AskMeNow Inc.  (OTCBB: AKMN), INNOVIVE Pharmaceuticals  (OTC BB:IVPH) , Vyteris Inc. (OTC BB:VYHN), SinoFresh HealthCare, Inc. (OTC BB:SFSH)

 

 

 

 

Featured Stock: Gemini Explorations, Inc.

(OTCBB: GXPI)

Current Price (0.14)

http://www.smallcapstockanalyst.com/

 

 

Gemini Explorations Closes on Financing for the Re-Development of the Los Chorros Gold Mine

Mine Modernization Projected to Yield US$12,900,000 of Net Cash Flow to Gemini

CALGARY, AB----Dec 10, 2007 -- Gemini Explorations Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that it has completed negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The first tranche of US$500,000 should be received by Gemini in the next 5 days and the second tranche of US$300,000 within 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.

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 that the financing will close on specified dates, 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.


Contact:

     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
      

Source: Gemini Explorations, Inc.

 

 

 

For an in-depth analyst report, please visit: www.SmallCapStockAnalyst.com

 

AskMeNow Inc.

(OTCBB: AKMN)

Current Price (0.17)

http://www.smallcapstockanalyst.com/

IRVINE, CA----Dec 10, 2007 -- AskMeNow Inc. (OTC BB:AKMN.OB - News), a leader in intelligent mobile search technology, announced today that it will host a conference call for investors at 4:00 PM ET (1:00 PM PT) on December 18th, 2007 to discuss business achievements and future opportunities.                  AskMeNow is the easiest, most convenient way to access information on the Internet or from local content from your cell phone or mobile PDA device. The first mobile lifestyle network, AskMeNow utilizes its proprietary technology to offer a natural language based interaction and dynamic content provision platform designed for simple and quick information retrieval. The Company generates revenues through per usage fees and one to one contextual mobile advertising sponsorships. AskMeNow launched officially in November 2005. The Company is based in Irvine, California. Please visit www.askmenow.com for more information.

INNOVIVE Pharmaceuticals

(OTC BB:IVPH)

Current Price (1.37)

http://www.smallcapstockanalyst.com/

ATLANTA--Dec 10--INNOVIVE Pharmaceuticals, Inc. (OTCBB: IVPH - News) today presented clinical data from the first part of a two-part Phase I study of its drug candidate INNO-406, a potent, oral, dual Bcr-Abl and Lyn-kinase inhibitor in patients with Chronic Myelogenous Leukemia (CML). In the study, INNO-406 was shown to be well tolerated and demonstrated activity in patients with CML who are intolerant or resistant to imatinib (Gleevec®) and multiple second generation tyrosine kinase inhibitors. The data were presented today at an oral presentation at the 49th American Society of Hematology Annual Meeting in Atlanta.                 INNOVIVE Pharmaceuticals, Inc. acquires, develops and commercializes novel therapeutics addressing significant unmet medical needs in the fields of oncology and hematology. The company has four drug programs in clinical development: INNO-406, Tamibarotene, INNO-206, and INNO-305, for the treatment of chronic myelogenous leukemia, acute promyelocytic leukemia, small cell lung cancer, and acute myelogenous leukemia, respectively. For additional information visit  www.innovivepharma.com.

 

Vyteris Inc.

(OTC BB:VYHN)

Current Price (0.54)

http://www.smallcapstockanalyst.com/

FAIR LAWN, N.J.--Dec 10--Vyteris, Inc. (OTCBB: VYHN - News), manufacturer of LidoSite®, the first active transdermal patch approved by the U.S. Food and Drug Administration for the pain associated with blood draws (venipuncture), IV (intravenous) cannulations and laser ablation of superficial skin lesions, today announced the appointment Rafael Espinal as its new vice president of manufacturing, in a move to significantly deepen its management team for manufacturing and production.               Vyteris, Inc., a wholly owned subsidiary of Vyteris Holdings (Nevada), Inc. (OTCBB: VYHN - News), is the maker of the first active drug delivery patch to receive marketing clearance from the U.S. Food and Drug Administration (FDA). Vyteris' proprietary active transdermal drug delivery (iontophoresis) technology delivers drugs comfortably through the skin using low-level electrical energy. This active patch technology allows precise dosing, giving physicians and patients control in the rate, dosage and pattern of drug delivery that can result in considerable therapeutic, economical, and lifestyle advantages over existing methods of drug administration. Vyteris' first product, LidoSite®, which provides dermal analgesia prior to venipuncture (IV catheter insertions, blood draws, etc.) and superficial dermatological procedures, was the first FDA approved active patch. For more information, please visit our website at www.vyteris.com.

 

SinoFresh HealthCare, Inc.

(OTC BB:SFSH)

Current Price (0.19)

http://www.smallcapstockanalyst.com/

ENGLEWOOD, FL----Dec 10, 2007 -- Charles Fust, Chief Executive Office of SinoFresh HealthCare, Inc. (OTC BB:SFSH.OB - News), will be featured in an exclusive interview with the Tampa Tribune scheduled for Dec. 14th for a special edition regarding MRSA "Super Bug."This is the first time SinoFresh Healthcare will be linked with the disease. To read more about MRSA pick up a copy or visit the paper online at http://www.tampatrib.com/                  SinoFresh HealthCare, Inc. (OTC BB:SFSH.OB - News) is a developer and marketer of innovative upper respiratory system therapies. The company is researching broad-spectrum antiseptic approaches to reducing viral, bacterial and fungal organisms that are suspected to cause pathogenesis of the mouth, nose and throat. The company's lead product, SinoFresh(TM) Nasal and Sinus Care, is a hygienic cleansing spray that kills germs and removes other nasal-sinus irritants. The company is also researching how antiseptic cleansing may alleviate chronic sinus distress, a condition that may affect 37 million Americans annually. SinoFresh(TM) products are available in Rite Aid, CVS, Duane Reade and other drug, grocery and mass merchandise retailers. More information is available at www.sinofresh.com.

 

 

 

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