Gemini Explorations, Inc. (GXPI.OB) Estimates Costs to Move Forward Strategically
Gemini Exploration (GXPI.OB) is a mining exploration and development company focused on acquiring, developing, and maximizing natural resource properties. The company is currently working on two mining properties in Colombia, South America, which have underdeveloped gold mines. Gemini has an 80 percent share in La Tapata, located in Colombia’s El Bagre-Zargosa mining district. The property has a low percentage of gold resulting from the out-of-date equipment currently at the location. Gemini has prepared estimates on costs related to maximizing the property. The initial estimates total just above $1.9 million. The outlay to modernize the facility would make the difference between…