Gemini Explorations, Inc. Forms Colombian Subsidiary Minera Gemini SA
FORT LAUDERDALE, FLORIDA, May 21, 2012 (Menafn - Marketwire via COMTEX) --Gemini Explorations, Inc. ('Gemini') (pinksheets:GMXS) is pleased to announce that it has formed a wholly owned Colombian subsidiary company named Minera Gemini SA ('MGS'). Registered and based in Medellin, MGS will hold all of Gemini's Colombian mining concessions and interests. MGS will also streamline and facilitate future mineral property acquisitions as well as mining, permitting and banking procedures in Colombia.
Gemini Explorations Inc. 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.
SOURCE: Gemini Explorations, Inc.
Gemini Explorations, Inc.
President & CEO
Gemini Explorations, Inc.
Suite 504, 1015 East Sunrise Blvd
Ft. Lauderdale, FL 33304
Copyright (C) 2012 Marketwire. All rights reserved.