Gemini Explorations, Inc. Reports Potential for Economic Recovery of ...

Tag : lead,copper

CALGARY, AB -- (Marketwire) -- 08/22/08 -- Gemini Explorations,Inc. ("Gemini") ( GXPI ) is pleased to announce that sample results from a newly testedmineralization zone located at its La Tapata Gold Mine site, showindisputable evidence of an economically viable recovery of copperand lead through the use of Diazem Corporation's proprietaryseparation and capture process. As previously reported, thisprocess allows for the capture of a uniquely high percentage ofprecious metals and certain base metals. This process will providefor an overall increase in profitability over other methods fromore with varying degrees of mineral concentrations. In a recentreport of sample results from La Tapata, Gemini noted that theDiazem process enabled the recovery of a very economic 9.38 g/tonneAu (gold) and an impressive 958.8 g/tonne Ag (silver) from the orezone tested.
Gemini now wishes to further report the potential of the Diazemprocess to enhance the value of each tonne of processed ore throughits tested ability to recover economically relevant quantities ofcopper and lead from the samples of the ore in the La Tapata testzone. The Diazem process recovered impressive averages of 5.8%copper and 52.5% lead from the ore samples tested. The capabilityto capture this quantity of metals, in addition to the gold andsilver recovered, translates to a significant increase in the totalvalue of the ore in question, hence producing a significant boostto Gemini's bottom-line profit for each tonne of ore mined.
In general, the Diazem process is more efficient and effective thantraditional hydrometallurgy techniques, which utilize cyanideleaching or acid treatment. In fact, in a test performed by Diazemon an unidentified ore sample, their process outperformed acid andcyanide treatments by significant margins with regard to thecapture of copper and lead. Following are the results expressed inparts-per-million:
Michael Hill, CEO of Gemini, commented on this new approach tomaximizing ore value as follows, "The ability of the Diazem processto enable the profitable recovery of copper and lead from the oreat La Tapata will add a new, positive dimension to Gemini'sfinancial picture. We are looking forward to completing the buildout of La Tapata's processing plant and putting this project intofull production."
More information about Diazem is available on their company websiteat: www.diazem.com/mining.html .
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as thatterm is defined in Section 27A of the United States Securities Actof 1933 and Section 21E of the Securities Exchange Act of 1934.Statements in this press release which are not purely historicalare forward-looking statements and include any statements regardingbeliefs, plans, expectations or intentions regarding the future.Such forward-looking statements include, among other things, theexpectation that additional financing will close on specifieddates, the expected completion date of the redevelopment of the LaTapata Gold and La Planada gold projects. Actual results coulddiffer from those projected in any forward-looking statements dueto numerous factors. Such factors include, among others, theinherent uncertainties associated with mineral exploration, theability of Diazem Corporation to provide a cost-effective,environmentally friendly method for capturing a uniquely highpercentage of precious metals and other economic minerals from thecontaining ore body. These forward-looking statements are made asof the date of this news release, and we assume no obligation toupdate the forward-looking statements, or to update the reasons whyactual results could differ from those projected in theforward-looking statements. Although we believe that the beliefs,plans, expectations and intentions contained in this press releaseare reasonable, there can be no assurance that such beliefs, plans,expectations or intentions will prove to be accurate. Investorsshould consult all of the information set forth herein and shouldalso refer to the risk factors disclosure outlined in our annualreport on Form 10-KSB for the 2007 fiscal year, our quarterlyreports on Form 10-QSB and other periodic reports filed fromtime-to-time with the Securities and Exchange Commission.