SOURCE: IO Circuit

July 27, 2007 06:25 ET Updates Status of Gemini Explorations, Inc. (OTC BB: GXPI) La Planada Gold Project

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

LAKE HARMONY, PA--(Marketwire - July 27, 2007) - This week, Gemini Explorations, Inc. (OTCBB: GXPI) reported that its project in La Planada is well under way. Currently, Minera Primecap Geological Services (MPGS) has prepared an additional 100 deep channel samples to be shipped to the labs of Inspectorate America Corporation (Inspectorate), Nevada, USA for assaying and analysis. According to a previous repot, 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. MPGS are ahead of schedule in the phase 2 work program and identification of optimum drill targets for the La Planada Gold project are being mapped. The first set of results is expected in two weeks, while the second set is anticipated in the next 4 - 6 weeks. President Michael Hill stated, "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."

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