Gemini Explorations, Inc. Announces Plans for More Extensive Sampling in New Mineralization Zone at La Tapata Gold Mine
Market Wire, August, 2008
Gemini Explorations, Inc. ("Gemini") (OTCBB: GXPI) announced today that during the month of September the company will be conducting an expanded sampling program in the new mineralization zone at its La Tapata Gold Mine. Gemini will be using this data to gain a more accurate determination of the potential extent and economic value of the ore body within that zone. In addition to gold, the ore will be tested for concentrations of silver, copper and lead. A large bulk sample will be shipped to DiaKhem Technologies LLC for process testing as part of the design stage of the processing facility.
DiaKhem Technologies LLC is a division of Diazem Corporation and Chemtura Corporation, which has been formed for the specific purpose of serving the needs of the mining industry. As noted in a Gemini news release dated 8/22/08, initial sampling showed that the new mineralization zone at La Tapata contains economic concentrations of gold, silver, copper and lead, all of which can be readily separated and captured through the use of the proprietary Diazem/DiaKhem process. Of particular value to Gemini is the fact that the formulation of the DiaKhem resin used in the separation and capture of the desired metals is customizable, for the achievement of maximum effectiveness, to the specific characteristics of the ore to be processed.
This expanded sampling effort is another key step along the path that will lead Gemini to a well directed, timely and cost effective upgrading and initiation of operations at its La Tapata Mine. It will help ensure that DiaKhem's state-of-the-art technology is utilized in the best possible manner to achieve Gemini's ultimate goal of maximizing production and optimizing the profit from each tonne of ore mined and processed.
More information about Diazem may be found on their newly updated website at: http://diazem.com/mining.html . More information about DiaKhem may be found on their website at: http://diakhem.com/products2.html .
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 Mine. 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 and DiaKhem Technologies LLC 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.
Michael Hill President & CEO Gemini Explorations, Inc. Suite 103, 240-11th Ave SW Calgary, AB T2R 0C3 www.geminiexploration.com email: info@geminiexploration.com 403-697-4877
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