GEMZ - GEMXX Issues 2024 Roadmap Expansion Plans and Milestones Update | Benzinga
LAS VEGAS, Oct. 31, 2023 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation (OTC:GEMZ) ("GEMXX" or the "Company"), a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold exploration Company Crazy Horse Mining, Inc. ("CHMI" or "Crazy Horse"), is highlighting recent significant achievements to update new and existing investors prior to releasing quarter-end financial reporting.
Current State - GEMXX has achieved significant milestones recently and it's worth noting that the Company continues to control each stage of its production, including gold mining, gemstone production, jewelry manufacturing and global distribution. Further, the Company continues to expand while avoiding long-term debt.
"We are tremendously pleased with the development of the Company over the past several months and we are extremely excited for the anticipated growth. We look forward to updating shareholders as each milestone below is met. Everything the Company has planned is focused on driving shareholder value," commented Jay Maull, GEMXX CEO.
2023 and Beyond, Looking Forward - For the balance of 2023 and into 2024, the Company is focused on expansion and adding shareholder value. That means more acquisitions, more mine production and more revenues.
Targets
- Complete the 50% acquisition of the Yukon Gold Property and initiate a pilot mine on that site.
- Bring the Ammolite Gemstone mine into full production.
- Upscale the gold mine operation at Snow Creek and move the test plant to Rosella Creek.
- Complete S-K 1300 compliant resource reports on already owned assets.
- Complete audits to be quoted on the OTCQX, which will be the first step to up-listing to the New York Stock Exchange or NASDAQ.
Recent Milestones
Oct 24, 2023, GEMXX, in partnership with Crazy Horse Mining, Inc. (CMHI), has successfully completed its third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining test season, processing a total of 31,200 cubic yards of gold-bearing ore yielding 0.929 ounces per 100 cubic yards. The production results have met all expectations. Read more here.
Oct 3, 2023, the Company engaged Aurora Geosciences ...