Gemini Explorations Inc, ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that Minera Primecap Geological Services (MPGS) has confirmed the phase two broad-based channel sampling is well underway and the first batch of deep channel samples have been shipped to the labs of INSPECTORATE AMERICA CORPORATION (Inspectorate), Nevada, USA for assaying. As reported on June 11, 2007, Gemini had completed the topographical survey and mechanical excavation of trenches was to begin allowing for complete and broad-based channel sampling and identification of optimum drill targets for the La Planada Gold project. Gemini will release the assay results as soon as they become available. MPGS Chief Geologist Carlos Alberto Vera has personally directed his geological team as they continue the sampling and preparation of drill targets at the La Planada Gold Camp.
President Michael Hill stated, "We are extremely pleased with the sample results we have seen so far, which have met and in certain instances exceeded our expectations. Our goal is to have the drilling program well underway in 2007 and prove up the La Planada Gold Project to be the multi-million ounce gold deposit that we believe it is." As reported on February 23, 2007, Carlos Alberto Vera of MPGS estimated the La Planada Gold project to contain over 3 million ounces of gold representing a potential 2 billion dollar deposit with gold trading at $650 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, that although Gemini Explorations, Inc believes the La Planada Gold Project has promising potential, the property is in the early stages of exploration. The project has yet to be shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on the property, or that, if identified, mineralization may be economically extracted. Minera Primecap Geological Services does not accept responsibility for the use of project data or in the adequacy or accuracy of this release.
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 2005 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
July 24, 2007
Gemini Explorations, Inc. (GXPI) A Growing Gold Mining Company Reports On Upcoming Drill Program
Posted by Admin at 12:15 AM
Labels: Exploration
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