FT. LAUDERDALE, FLORIDA -- Gemini Explorations Inc.'s (OTC: GMXS) President and Chief Executive Officer, Michael Hill, today provided a recap of the Company's progress in 2012, highlighting recent developments as drivers for growth in 2013 and cause
for optimism among its shareholders.
Mr. Hill commented, "2012 was a successful year for Gemini Explorations as the Company has made significant progress toward operating profitable gold mines in the Los Andes Sotomayor Gold Belt. This is a very exciting time for
the company and its shareholders as we begin 2013, having recently secured an exclusive option to acquire an advanced stage milling and processing plant that could greatly accelerate the development our La Tapada gold project by increasing accessibility, hence lowering costs for transporting equipment to the property.”
“Furthermore, we are very pleased with the sampling results for both our properties, which indicate that they contain a high percentage of free gold, excellent consistency and great potential for additional mineralized zones and vein systems for potential sampling and mining," continued Hill.
In May 2012, Gemini Explorations formed a wholly owned Colombian subsidiary named Minera Gemini SA ('MGS') that holds all of Gemini's Colombian mining concessions and interests in order to streamline and facilitate future mineral property acquisitions as well as mining, permitting and banking procedures.
Shortly following, the Company announced positive sampling results from its
La Tapada Gold Project in the El Bagre-Zargoza mining district, with samples taken from the principal vein ranging up to 243 g/tonne Au with an average
grade of 25.87 g/tonne and showing excellent consistency overall. Recently, Gemini announced positive sampling results from its La Planada Gold Project, which has highly visible surface mineralization and excellent rock exposure
for open pit mining.
About Gemini Explorations, Inc.
Gemini Explorations is focused on the development of two highly prospective gold projects in Colombia including a potential 3 million ounce deposit in the Los Andes Sotomayor Gold Belt with a potential asset value of approximately $4 billion at today's gold prices. Capitalizing on smart acquisitions, modern production techniques, deep industry expertise and the strong bull market for gold, Gemini Explorations is working quickly to achieve production, growth and value for shareholders. Gemini Explorations has assembled a portfolio of significant land holdings in Colombia's richly mineralized but under-developed gold districts including the La Planada and La Tapada gold properties.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. 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. 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 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Gemini Explorations, Inc.
President & CEO
Gemini Explorations, Inc.
Suite 504, 1015 East Sunrise Blvd
Ft. Lauderdale, FL 33304
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