Gemini Explorations is focused on engaging in the development and exploration of the La Planada Gold Project in the southern region of Colombia. This newly acquired property is found in the municipality of Sotomayor, department of the Nariño, and is readily accessible as it’s approximately 80 km from the capital city of the Nariño department by open road.
The La Planada Gold Project extends over 45 hectares and is comprised of Dagua Group Upper Cretaceous quartzites and siliceous siltstones intruded by a granodiorite plug. There are no less than three different crosscutting vein sets, and possibly more. The major vein ranges between 0.4 m and 2.0 m in width. Other veins are as wide as 20 cm (or more), and all have identifiable sulphides, as well as free gold.
After the initial round of drilling is completed and favorable results for grade of material are found, a bench test will be essential to determine the fineness of the gold and the amount of sulphides and other metals present. Senor Richard Apraez (a local consultant) has confirmed that there will be no issues with setting up a large-scale processing plant in the area. Furthermore, there is little concern of contamination as long as the processing plant is properly maintained.
The president of the company, Michael Hill, has over two decades of experience in venture capital finance, investment banking and business development in North America, Europe and South America. He has been extensively involved in the initial startup and secondary funding of both private and public companies in sectors ranging from mining exploration, oil and gas, cable and media to technology and biotechnology. Mr. Hill worked closely with Minera Andes Inc. to fund and develop their mining exploration program in Argentina, and later financed a gold and copper exploration company in Brazil.
Management at Gemini Exploration (GXPI.OB) Has Vast Experience in South America
Gemini Exploration (GXPI.OB) is led by a management team with years of experience working and living in South America. Michael Hill, President and CEO of Gemini, has over twenty years of experience working in North and South America in venture capital finance, business development, and investment banking sectors. Mr. Hill started his investment career at Burns Fry Ltd and then moved onto Scotia McLeod, Majendie Charlton and Research Capital Ltd. During this period, Mr. Hill worked with public and private companies involved in technology, cable and media, oil and gas, biotechnology, mine development, and mining exploration.
From 1994 to 1996 Mr. Hill worked with Minera Andes Inc to organize funding and develop their mining exploration operation of copper, gold, and silver in Argentina. From 1996 to 1999, Mr. Hill assisted in the finance of a private gold and copper exploration company in Brazil. In 2002, Mr. Hill left Research Capital to start his own finance and consulting company. Since then, Mr. Hill has actively focused on private and public companies with operations in British Columbia, California, and Colombia, South America.
Oscar Fernandez is a Director at Gemini Exploration. Mr. Fernandez is a Colombian citizen and earned a degree in International Finance in 1979 from Louisiana State University. Mr. Fernandez initially worked at the Irving Trust Co. of New York in 1980, but soon took on a role at Banco Comercial Antioqueno. At Banco, Mr. Fernandez invested the next fourteen years taking on management and executive roles, such as International Division Manager and International Vice President.
During his time as General Manager for Gemini, Mr. Fernandez has taken an active role in his community. He and his family have acquired agricultural, timber, and cattle holdings throughout Colombia. Mr. Fernandez is the President of the Board of Directors of the Regional Timber Growers Association of Columbia and Board President for the Instituto de Capacitacion Los Alamos, a facility focused on assisting mentally disabled people.
Juan Fernando Restrepo is the current General Manager of Minera Primecap Geological Services (MPGS). Gemini executed the services of MPGS in February 2007 to assist in the development and exploration of the LaPlanada Gold Project in southern Colombia. Mr. Restrepo, who holds both a Bachelors and Masters of Science in Geology from the University of South Florida, is in charge of the day-to-day operations of the facility. With an education in the field, Mr. Restrepo also has experience evaluating mine projects, evaluating mine layouts, budgeting mine exploration projects, negotiating acquisitions of mining properties, and developing properties.
The management team at Gemini has a wide range of technical experience in mining combined with established business relationships throughout Colombia. A blend of these qualities can only benefit Gemini as it continues to develop its holdings throughout the region.
Gemini Explorations, Inc. (GXPI.OB) has a Portfolio of Strategically Placed Properties
Gemini Exploration (GXPI.OB) is a mining exploration company developing its operations in Colombia, historically known as one of the largest gold-producing countries in the world. Gemini currently has two mining properties in the region: La Planada and La Tapata.
La Planada is a gold property in which Gemini holds 100 percent interest. High grade gold veins are known to exist, as the region was mined in the past. The property is located 80 km from Pasto, the capital of the Nariño Province, which is in the center of one of Colombia’s premier, underdeveloped gold sectors. Due to the distance from the city, there is enough open area to build the needed infrastructure to support the mining operations.
La Planada has excellent rock exposure to accommodate open pit mining with highly visible surface mineralization. There are various elevations being explored on the property, with five sets of veinlets crosscutting vein zones. The primary veins have been found to range from 0.4 meters to 2 meters in width. Secondary veins have been found every 1 to 2 meters with widths ranging from 3 cm to 20 cm. Additionally, the primary veins trend 25 degrees north to 30 degrees west, on a 10-degree dip.
Preliminary findings determined that an average grade of 1.4 to 4 grams per tonne of gold can be found to an elevation of 100 meters. The company is hypothesizing that the mineralization findings to 100 meters may continue to a depth of 200 meters. If the exploration confirms the hypothesis, Gemini intends to mine the entire block for processing. A block with dimensions of 200m deep by 300m wide by 400m long with an estimated average of 2.45 grams per cubic centimeter would produce 59 million tons of ore with a cutoff grade of 1.5g per ton gold. A yield of this amount would translate to over 3.1 million troy ounces of gold. Equating these estimates to the entire La Planada property would represent a yield of over 3 million troy ounces of gold, which would convert to about $3 billion dollars.
La Tapata is an 80-percent owned property in Colombia’s El Bagre-Zargosa mining district. The property is 42 km from the municipality of El Bagre. As with La Planada, access to La Tapata is mainly via open roadways, but there is a government military base about 6km away.
The facility is currently being mined with antiquated equipment resulting in a low percentage of gold. Gemini plans to build a modern processing facility to increase the efficiency at the site to produce greater yields of gold, silver, copper, and lead, all of which have been found on the property.
The main exposed vein at La Tapata measures up to 2 meters thick with a 45 degree dip. Visible, massive sulphides are exposed and run between 2 percent to 70 percent. Samples have been pulled along a 30-meter section of the main vein and resulted in amounts between 15 to 250 grams per tonne of gold.
Gemini has two major mining properties with the potential of huge returns. It is up to management to maximize the efficiency at each site to recover the largest rate of gold and other precious metals.
Gemini Explorations, Inc. (GXPI.OB) Targets Colombia as its Key to Success
Gemini Explorations, Inc. (GXPI.OB) is a mining and development company that is focusing its efforts in Colombia, South America. The company has successfully capitalized on the management team’s 15 years of experience by utilizing existing business relationships in the region to create an intermediate gold company.
Colombia has historically been one of the largest gold producing countries in the world, yet only a marginal portion has been explored with modern techniques. Using antiquated equipment, the Dept of Antioquia area currently produces over 1 million ounces of gold per year.
Due to Colombia’s past economic and political instability, the country’s mineral resources have remained untouched. In recent years, the political environment in Colombia has stabilized and the economy is now flourishing. In 2006, the country reported Latin America’s fastest GDP growth.
With the passing of an investment-friendly mining code, Colombia has now become one of the most favorable mining frontiers. The 2001 Mining Act helped clarify ownership and mining rights, providing added protection for foreign investors and promoting environmentally-friendly mining practices. Several foreign mining companies, like South Africa’s AngloGold Ashanti Ltd and Colombia Goldfields Limited, have begun to operate in the country.
The potential in Gemini’s La Planada site is estimated at over $3 billion. The La Tapata site is being modernized and has a 3-year potential of $250 million in production. Interestingly, operators near La Tapata have approached Gemini with requests to process their gold with the new equipment being placed at the site through joint ventures. These types of agreements would provide Gemini with unexpected supplemental revenue.
With the combination of Colombia’s improved political climate and its vast untouched mineral potential, Gemini is in a great position to capitalize on the country’s mineral resources.
CORRECTION: Gemini Explorations, Inc. (GXPI.OB) Targets Colombia as its Key to Success
Gemini Explorations, Inc. (GXPI.OB) is a mining and development company that is focusing its efforts in Colombia, South America. The company has successfully capitalized on the management team’s 15 years of experience by utilizing existing business relationships in the region to create an intermediate gold company.
Colombia has historically been one of the largest gold producing countries in the world, yet only a marginal portion has been explored with modern techniques. Using antiquated equipment, the Dept of Antioquia area currently produces over 1 million ounces of gold per year.
Due to Colombia’s past economic and political instability, the country’s mineral resources have remained untouched. In recent years, the political environment in Colombia has stabilized and the economy is now flourishing. In 2006, the country reported Latin America’s fastest GDP growth.
With the passing of an investment-friendly mining code, Colombia has now become one of the most favorable mining frontiers. The 2001 Mining Act helped clarify ownership and mining rights, providing added protection for foreign investors and promoting environmentally-friendly mining practices. Several foreign mining companies, like South Africa’s AngloGold Ashanti Ltd and Colombia Goldfields Limited, have begun to operate in the country.
The potential in Gemini’s La Planada site is estimated at over $3 billion. Interestingly, operators near La Tapata have approached Gemini with requests to process their gold with the new equipment being placed at the site through joint ventures. These types of agreements would provide Gemini with unexpected supplemental revenue.
With the combination of Colombia’s improved political climate and its vast untouched mineral potential, Gemini is in a great position to capitalize on the country’s mineral resources.
Gemini Explorations, Inc. (GXPI.OB) Continues to Build Alliances to Establish Foothold in Colombia
Gemini Explorations, Inc. (GXPI.OB) is a mining and development company establishing itself in Colombia, South America. To meets its goals, Gemini has formed alliances to facilitate its development efforts in the region.
RMS-Ross Corporation, a Canadian-based company, is a designer, manufacturer, and distributor of high-percentage mineral recovery systems. The Model SB Concentrator uses centrifugal technology and a lower water yield to recover gold and precious metals. The Derocker was developed to facilitate mining in coarse, rocky materials. The RMS-Ross Box is a machine designed to separate free particles of precious metals from aggregate materials.
Terry Plumber, President of RMS-Ross, personally visited Gemini’s La Tapata mining facility to assess the site’s equipment needs. The site is currently being mined with antiquated mining equipment and is slated to be upgraded with modernized tools to increase its level of productivity.
DiaKhem™ Technologies LLC, a Michigan-based company, provides 21st-century solutions for small and medium-sized precious mining facilities. DiaKhem™ has a number of proprietary and patented technologies that it offers to solve industrial separation problems. At the La Tapata site, Gemini used the Diazem resign process to effectively remove large concentrations of copper from the silver and gold residue.
Gemini has identified its mining needs and continues to deepen its business relationships to ensure its continued development in Colombia. With the forecasted yields in excess of $250 million over a 3 year period, the company’s focus to enhance and develop La Tapata and La Planada are sound.
Gemini Explorations, Inc. (GXPI.OB) Makes Final Payment on La Tapata
Gemini Explorations, Inc. (GXPI.OB) recently announced that it has completed its final payment for the acquisition of its site located in Colombia’s El Bagre-Zargosa mining district. Gemini holds an 80-percent controlling interest in the property situated 42 km from the municipality of El Bagre.
Gemini was able to acquire the majority interest in the Los Chorros Gold Mine through the issuance of 3,900,000 restricted shares in GXPI and $50,000 cash. For its final payment, Gemini chose to issue 1,400,000 restricted common shares in lieu of $50,000 cash. The company retains the first right of refusal to acquire the remaining 20 percent in the mine within 18 months of the effective date.
As the final payment for the site is complete, Gemini has officially changed the name of the project from Los Chorros to La Tapata. The official name change was made to avoid confusion with other company projects in the district that contain “Los Chorros” in their description.
Gemini Explorations, Inc. (GXPI.OB) Makes Final Payment on La Tapata
Gemini Explorations, Inc. (GXPI.OB) recently announced that it has completed its final payment for the acquisition of its site located in Colombia’s El Bagre-Zargosa mining district. Gemini holds an 80-percent controlling interest in the property situated 42 km from the municipality of El Bagre.
Gemini was able to acquire the majority interest in the Los Chorros Gold Mine through the issuance of 3,900,000 restricted shares in GXPI and $50,000 cash. For its final payment, Gemini chose to issue 1,400,000 restricted common shares in lieu of $50,000 cash. The company retains the first right of refusal to acquire the remaining 20 percent in the mine within 18 months of the effective date.
As the final payment for the site is complete, Gemini has officially changed the name of the project from Los Chorros to La Tapata. The official name change was made to avoid confusion with other company projects in the district that contain “Los Chorros” in their description.
$0.065 (05/09/08)
