Gemini Explorations, Inc. Receives $50,000 Tranche — Announces Potential Purchase of Additional Concessions at La Tapata
Gemini Explorations, Inc. (“Gemini”) (OTCBB: GXPI) announced today that it is in the process of completing the acquisition of two additional mining concessions, which are located geographically adjacent to its existing La Tapata Gold Mine. The purchase of these concessions was funded with a tranche of $50,000 originating from a previously announced financing.
These adjacent concessions are complimentary to Gemini’s efforts at La Tapata, as they will allow the company to fully exploit (economically mine) the extensions of those mineralized vein structures, which have already been extensively sampled and studied on the La Tapata property itself.
“Our studies of the geology and mineralogy of the vein structures at La Tapata and of the history of artisan mining in the area were indicative of the fact that those structures extended beyond the bounds of our original concession,” stated Gemini CEO Michael Hill. “We have since been working diligently to turn that knowledge to Gemini’s benefit. We are very pleased that our recent financing has given us the capability of executing these acquisitions, at a price we consider to be extremely favorable to Gemini. We will be releasing more details about the purchase and the properties themselves in the very near future.”
About Gemini Explorations, Inc.
Gemini Exploration is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich yet highly underdeveloped gold deposits of Colombia.
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 concessions adjoining La Tapata will be acquired and close on specified dates and the expected completion date of the redevelopment of the La Tapata Gold Mine project. 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 and mine development. 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@example.com 403-697-4877
SOURCE: Gemini Explorations, Inc.