Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), American Medical Technologies Inc (OTC BB:ADLI.B) , GreenShift Corporation (PinkSheets:GSEN) , Innovative Designs, Inc (OTC BB:IVDN) , Electro Energy, Inc. (Nasdaq:EEEI)
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
American Medical Technologies Inc
(OTC BB:ADLI)
Current Price (0.29)
http://www.smallcapstockanalyst.com/
CORPUS CHRISTI, Texas--Dec 10--Consistent with its core strategic initiative of acquiring and selling quality dental and medical products through its international distribution network, American Medical Technologies Inc. (AMT) (OTCBB:ADLI - News) is pleased to announce the development of a global partnership with Discus Dental. Under the terms of this agreement AMT will act as international sales representative for the BriteSmile® brand of professional tooth whitening products as well as the BreathRx® brand of professional oral care products throughout the world. American Medical Technologies, Inc., headquartered in
GreenShift Corporation
(PinkSheets:GSEN)
Current Price (0.08)
http://www.smallcapstockanalyst.com/
SANDWICH,
Innovative Designs, Inc
(OTC BB:IVDN)
Current Price (0.58)
http://www.smallcapstockanalyst.com/
PITTSBURGH, PA----Dec 10, 2007 -- KSTP-TV, Channel 5, the ABC affiliate in the Twin-Cities (Minneapolis-St. Paul), spotlighted the Arctic Armor(TM) suit on its newscasts this past weekend. The story can be seen at http://kstp.com/article/stories/S280360.shtml?cat=1&v=1. The story showed in detail the remarkable features of the Arctic Armor(TM) suit in action, as Dan Eigen (Walleyedan), President of WD Distributors and Thomas Whitehead, Innovative Designs (OTC BB:IVDN.OB - News) sales representative, both plummeted into Gull Lake in the Brainerd Lakes region of Minnesota. Mr. Whitehead, "This is the third time I have fallen into icy waters to demo the suits to the media. This was the most realistic of them all as we simulated exactly what would happen if you were walking and fell through the ice." Innovative Designs, Inc. manufactures the Arctic Armor(TM) Line, hunting apparel, swimwear, wind shirts, jackets, sleeping bags, and the multi-function "All in One" under the "i.d.i.gear" label featuring INSULTEX(TM). INSULTEX(TM) is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.com.
Electro Energy, Inc.
(Nasdaq:EEEI)
Current Price (0.82)
http://www.smallcapstockanalyst.com/
NEW YORK, Dec. 11, 2007 -- Electro Energy, Inc. (NasdaqCM:EEEI - News) CEO Michael E. Reed will be on hand at Wall Street Reporter's latest Small-Cap Discovery Conference to give investors a look at his company's breakout potential as it shifts gears from developing advanced power storage systems to putting its batteries in hybrid cars. Electro Energy, Inc. engages in the research and development of battery technologies in the
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