August 22, 2008
Gemini Explorations, Inc. Reports Potential for Economic Recovery of Copper and Lead From New Ore Zone at La Tapata Gold Mine
Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to announce that sample results from a newly tested mineralization zone located at its La Tapata Gold Mine site, show indisputable evidence of an economically viable recovery of copper and lead through the use of Diazem Corporation's proprietary separation and capture process. As previously reported, this process allows for the capture of a uniquely high percentage of precious metals and certain base metals. This process will provide for an overall increase in profitability over other methods from ore with varying degrees of mineral concentrations. In a recent report of sample results from La Tapata, Gemini noted that the Diazem process enabled the recovery of a very economic 9.38 g/tonne Au (gold) and an impressive 958.8 g/tonne Ag (silver) from the ore zone tested.
Gemini now wishes to further report the potential of the Diazem process to enhance the value of each tonne of processed ore through its tested ability to recover economically relevant quantities of copper and lead from the samples of the ore in the La Tapata test zone. The Diazem process recovered impressive averages of 5.8% copper and 52.5% lead from the ore samples tested. The capability to capture this quantity of metals, in addition to the gold and silver recovered, translates to a significant increase in the total value of the ore in question, hence producing a significant boost to Gemini's bottom-line profit for each tonne of ore mined.
In general, the Diazem process is more efficient and effective than traditional hydrometallurgy techniques, which utilize cyanide leaching or acid treatment. In fact, in a test performed by Diazem on an unidentified ore sample, their process outperformed acid and cyanide treatments by significant margins with regard to the capture of copper and lead. Following are the results expressed in parts-per-million:
Copper Lead Cyanide Treatment 6.5 < 0.05 Acid Treatment < 0.01 < 0.05 Alternative 8.0 12.8 Treatment
Michael Hill, CEO of Gemini, commented on this new approach to maximizing ore value as follows, "The ability of the Diazem process to enable the profitable recovery of copper and lead from the ore at La Tapata will add a new, positive dimension to Gemini's financial picture. We are looking forward to completing the build out of La Tapata's processing plant and putting this project into full production."
More information about Diazem is available on their company website at: www.diazem.com/mining.html.
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 additional financing will close on specified dates, the expected completion date of the redevelopment of the La Tapata Gold and La Planada gold projects. 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, the ability of Diazem Corporation to provide a cost-effective, environmentally friendly method for capturing a uniquely high percentage of precious metals and other economic minerals from the containing ore body. 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 2007 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 & CEO Gemini Explorations, Inc. Suite 103, 240-11th Ave SW Calgary, AB T2R 0C3 www.geminiexploration.com email: [email protected] 403-697-4877
SOURCE: Gemini Explorations, Inc.