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In a previously released announcement Gemini reported that company geologists found the geology and mineralogy of the vein structures at La Tapata strongly indicated that those structures continued beyond the bounds of Gemini's existing concession. The completion of the acquisition of these adjoining concessions will allow Gemini to fully exploit the economically accessible vein structures in the expanded area, greatly enhancing the overall production potential of the mine.
A concurrent purpose of Mr. Hill's trip will be to meet and finalize negotiations with representatives of the prospective joint venture partner previously mentioned in an announcement released on February 24, 2009. As previously noted, this entity is a publicly traded mining corporation, headquartered in Canada and listed on the TSX-V Exchange. The joint venture agreement will facilitate an expeditious and comprehensive development of the La Tapata Gold Mine, as expanded by the acquisition of the adjacent concessions.
Gemini CEO Michael Hill stated, "The pending conclusion of a joint venture agreement combined with the addition of the adjoining mining concessions should enable Gemini to move forward with its goal of making La Tapata a profitable producing gold mine. Gemini hopes to move forward quickly with production-oriented operational activities and will be announcing the specifics of our progress in that regard in upcoming news releases."
About Gemini Explorations, Inc.
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 the proposed joint ventures will be completed, the expectation that additional concessions adjoining La Tapata will be acquired and close on specified dates and the expected completion date of the redevelopment of the La Tapata Gold Mine project. 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 and mine development. 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 2008 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 1-877-331-8777 Email svd@evianir.com
SOURCE: Gemini Explorations, Inc.
mailto:svd@evianir.com
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