Gemini Explorations Makes Progress Toward Solidifying Joint Venture for the Development of Its La Tapata Gold Mineadmin
Gemini Explorations, Inc. announced significant progress in the process to structure a joint venture partnership for the development of its La Tapata Gold Mine, an activity first made public in a news release dated October 7, 2008. In that release, Gemini noted that two meetings had taken place, one in Canada and one in Colombia, between the prospective joint venture partner’s staff and Gemini’s representatives including senior personnel from Minera Primecap Geological Services.
Negotiations between the parties have now progressed favorably to the point at which the prospective joint venture partner wishes to move forward as quickly as possible with its due diligence process and, in that context, has committed to sending its geological staff to La Tapata to accomplish an appropriate geological review and survey of the mine site.
“The fact that our prospective joint venture partner is moving forward with an in depth examination of our La Tapata mine concession is extremely encouraging,” stated Michael Hill, CEO of Gemini. “We are very excited about the potential for the development of the expanded La Tapata mine property (including the two adjacent concessions now being acquired) that a joint venture partner would enable.”
Gemini Exploration is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich yet highly underdeveloped gold deposits of Colombia.