SOURCE: IO Circuit

July 18, 2007 06:35 ET

AnalystResearchReport.com (OTC BB: GXPI) Looks to Gold Mine Re-Development Program to Greatly Increase Production

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - July 18, 2007) - Gemini Explorations, Inc. (OTCBB: GXPI) announced this week that the renovation and modernization report for The Los Chorros Gold Mine has been finished. Minera Primecap Geological Services (MPGS) delineates the mine re-development program, modern recovery plant installation and the option of installing a private energy generation plant. Currently The Los Chorros Mine is being mined with extremely outdated equipment. The Antioquia, Colombia region alone produces 1,000,000 ounces of gold per year currently, and many operations are by pick and shovel. A modern processing facility would fare greater recovery rates of the gold and other precious metals, in what is historically known as one of the largest gold producing countries in the world. MPGS geologist Juan Restrepo reported that 50 tonnes per day production yielding an average grade of 12 grams per tonne Au (gold) would produce US $3,125,000 per year, and a 100 tonne per day production rate would produce over US $6,250,000 of net cash flow after all costs.

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