The new venture MGS will hold all of Gemini’s Colombian mining concessions and interests and will also hold and streamline and facilitate future mineral claim acquisitions as well as mining, permitting and banking procedures in Colombia.

Gemini Explorations is currently developing 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 about $4bn.

The company has a portfolio of significant land holdings in Colombia’s richly mineralized but under-developed gold districts which include the La Planada and La Tapada gold properties.

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