Gemini Explorations, Inc. (GXPI.OB) is a mining company with a focus on gold. This emerging company explores, develops and mines gold properties. The Company has main projects located in the heart of Colombia’s premier undeveloped gold districts. These districts are La Planada in Sotomayor, Nario and Los Chorros Gold Mine in El Bagre-Zargoza, Antioquia.
The Company has spent several months preparing an advanced drilling program. The preparation of this program has already commenced in the La Planada Project. In Phase I, sampling results from the La Planada Project have identified three significant cross-cutting gold vein zones which include vein structure gold values of up to 17 grams per ton of ore. Based on these Phase I sample results, the Company has reported a reserve estimate of 3.15 million gold ounces with a potential gross deposit value of approximately $2.3 billion.
Gemini Exploration’s focus is on gold mining prospects mainly in Colombia, South America. The Company holds earning interests ranging from 80% to 100% in two gold-producing regions of Colombia, including an estimated 3.15 million ounce gold deposit in the Los Andes Sotomayor Gold Belt. This gold deposit has an estimated gross asset value of roughly $2.3 billion.
The price of gold has risen and continues to rise. With these gains, gold mining is projected to remain a strong industry over the next decade. With Columbia being one of the more under explored countries in South America for mineral resources, Gemini Explorations, Inc. is in good position for success.
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