CALGARY, AB -- (Marketwire) -- 08/20/08 -- Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) is pleased to announce summary sample results from a new
mineralization zone located at its La Tapata Gold Mine project. Previous
sampling results (announced 10/25/07), taken from the principal vein at La
Tapata, showed vein rock gold concentrations as high as 243 g/tonne with an
average from two separate sampling efforts of an exceptional 41.94 g/tonne
Au.
In order to more thoroughly determine the full potential value of this
mine, Gemini has gone forward with the testing of a large, less
concentrated zone of mineralization utilizing the proprietary Diazem
separation and capture process, which was detailed in a prior news release
dated 8/18/08. This process allows for the capture of a uniquely high
percentage of precious and other economically viable minerals, providing
for a dramatic increase in profitability over other methods, from ores with
varying degrees of mineral concentrations. In the case of these samples,
the Diazem process enabled the recovery of a very economically viable 9.38
g/tonne Au and an extremely impressive 958.8 g/tonne Ag (silver).
Michael Hill, CEO of Gemini, expressed his enthusiasm with regard to these
results as follows, "The high level of gold and silver recovery we have
achieved in these test samples combined with the proprietary Diazem
process, indicates that the profit potential of La Tapata should be even
higher than that which we estimated in our original calculations performed
in 2007. We look forward to working with Diazem to elevate the business
of mining for gold and silver in Colombia to a new level of efficiency and
profitability."
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
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