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CALGARY, AB--(MARKET WIRE)--Apr 1, 2009 -- Gemini Explorations, Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to announce that company CEO Michael Hill will be traveling to Colombia in mid April to close on the acquisition of two mining concessions adjacent to its La Tapata Gold Mine property.
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."
CALGARY, AB--(MARKET WIRE)--Apr 1, 2009 -- Gemini Explorations, Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to announce that company CEO Michael Hill will be traveling to Colombia in mid April to close on the acquisition of two mining concessions adjacent to its La Tapata Gold Mine property.
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."
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