FORT LAUDERDALE, FLORIDA--(Marketwire -05/30/12)- Gemini Explorations, Inc. ('Gemini') (GMXS) is pleased to announce that it has mobilized a working crew and geologists to conduct exploration activities on concessions adjacent to the La Tapada gold project. The exploration program will include mapping, sampling, trenching and, if deemed appropriate, a drill program will follow. The block is currently being geochemically sampled at 50-meter intervals on lines spaced 100 meters apart N-S. The tightly spaced geochemical grid is due to the high gold potential of the area. Gemini recently announced that it is in negotiations with the adjacent concession owners to expand its land holdings at the La Tapada gold project. The La Tapada gold project is a producing gold mine in Colombia's El Bagre-Zargoza mining district in the Department of Antioquia. Existing registrations for La Tapada at the Colombian Mining Department show average grades of 15-20 g/tonne of gold and bonanza grades of up to 250 g/tonne being produced using antiquated artisanal mining techniques. MPGS geologists have identified additional zones within the concession mineralized with gold, silver and other base metals.
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.