SOURCE: IO Circuit

July 17, 2007 09:01 ET

Investment News Alerts: Hot Summer Stocks to Watch! Tuesday July 17, 2007

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

LAKE HARMONY, PA--(Marketwire - July 17, 2007) - This week, Gemini Explorations, Inc. (OTCBB: GXPI) announced that the modernization and re-development report for The Los Chorros Gold Mine has been completed. Minera Primecap Geological Services (MPGS) outlines in detail 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 Currently The Los Chorros Mine is being mined with extremely outdated equipment.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 estimates that production in the second year could increase to 300 tonnes per day, yielding U$ 18,750,000 net cash flow to the company.

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Other active stocks are Novellus Systems, Inc. (NASDAQ: NVLS), Encysive Pharmaceuticals Inc (NASDAQ: ENCY) and Wet Seal, Inc. (The) (NASDAQ: WTSLA).

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