Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Solutia, Inc (OTCBB: SOLUQ), Pacific Sands, Inc. (OTC BB:PFSD) , Little Squaw Gold Mining Company (OTC BB:LITS) , Discovery Bancorp (OTC BB:DVBC)
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 103240-11th Ave SW Calgary , AB T2R 0C3 http://www.geminiexploration.com email: info@geminiexploration.com 403-697-4877
Source: Gemini Explorations, Inc.
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Solutia, Inc
(OTCBB: SOLUQ)
Current Price (0.25)
http://www.smallcapstockanalyst.com/
ST. LOUIS, Dec. 10, 2007 -- Effective December 15, 2007, Solutia Inc. (OTC BB:SOLUQ.OB - News) will increase the price of its Vydyne(r) polyamide 66 resin and Ascend(r) polymer in North America by 10 cents per pound. This increase applies to all orders shipped on or after December 15 with the exception of existing contracts with a validity date beyond December 15. Sustained increases in both energy and raw materials costs, along with strong global demand, have made this price increase imperative. Solutia, Inc., together with its subsidiaries, engages in the manufacture and sale of chemical-based materials, which are used in consumer and industrial applications worldwide. It operates in two segments, Performance Products and Services, and Integrated Nylon. The Performance Products and Services segment provides plastic interlayer for use in laminated safety glass, primarily in automotive original equipment manufacturing and architectural applications; window films for aftermarket automotive and architectural applications; plastic products, including entrance matting and automotive spray suppression flaps; water treatment phosphonates; heat transfer fluids; and aviation hydraulic fluids and aviation solvents. This segment also provides pharmaceutical companies with pharmaceutical development services, including process research and manufacturing services. The Integrated Nylon segment produces chemical intermediates, which are used as feedstock for fiber and resins production, and are sold in the merchant market; nylon polymers that are sold to the thermoplastic, apparel, textile, and industrial markets; and fibers for use in residential and commercial carpet, and industrial markets. The company sells its products through its own sales force and distributors. Solutia was founded in 1901 and is headquartered in
Pacific Sands, Inc.
(OTC BB:PFSD)
Current Price (0.09)
http://www.smallcapstockanalyst.com/
Little Squaw Gold Mining Company
(OTC BB:LITS)
Current Price (0.84)
http://www.smallcapstockanalyst.com/
SPOKANE, WA----Dec 10, 2007 -- Little Squaw Gold Mining Company (OTC BB:LITS.OB - News) ($0.90) ("Little Squaw" or "the Company") has received additional drill results from its placer gold project on the Little Squaw Creek drainage located on the Company's wholly owned Chandalar, Alaska, mining property. These additional results confirm the Company's opinion that it has discovered an industrial-scale placer gold deposit of potential commercial significance (see the Company's press release of October 4, 2007). Little Squaw Gold Mining is engaged in the business of precious-metals discovery. This endeavor carries certain risks that are commensurate with the potential rewards of such efforts. These risks cannot be quantified and should not be taken lightly. All statements made here regarding the firm's investment potential should be considered "forward-looking statements" as defined by prevailing regulatory guidelines. As forward-looking statements, these items represent the measured professional judgment of management. They do not, however, represent guarantees, and unforeseen and/or unforeseeable future developments that may render them either incomplete or incorrect. Actual results, plans, programs, and financial performance may differ materially from express or implied forward-looking statements.
Discovery Bancorp
(OTC BB:DVBC)
Current Price (13.25)
http://www.smallcapstockanalyst.com/
SAN MARCOS, Calif.--Dec 10--John R. Plavan, chairman of the board of Discovery Bancorp (OTCBB:DVBC - News) and its subsidiary Discovery Bank, announced today that James P. Kelley II has resigned as president, chief executive officer and a director of both the holding company and the bank, effective immediately, to pursue other interests. Plavan also announced the appointment of Joseph C. Carona, who has served as executive vice president and chief administrative officer of both the holding company and the bank since inception, to serve as interim president and chief executive officer of both entities until a successor is named. A search for Kelley's replacement is underway. Discovery Bancorp is a bank holding company serving the financial needs of small to medium-sized businesses, professionals and individuals through two principal subsidiaries – Discovery Bank and Celtic Capital Corporation. The bank, founded in 2001, has offices in
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