LAS VEGAS, Dec. 13, 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") today provides the following updates:
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.
Jay Maull, GEMXX CEO, said: "We are tremendously pleased with the development of the Company over the past several months and are extremely excited about 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."
Recent Milestones
Oct. 24, 2023 -- GEMXX, in partnership with Crazy Horse Mining, Inc. ("CMHI") 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 to complete S-K 1300 technical reports on assets already owned and operated by the Company. These assets currently have no value assigned to them in the Company's financials. Read more here.
Sept. 26, 2023 -- GEMXX announced it has signed a binding Letter of Intent ("Proposed Transaction") to acquire an initial 50% stake in The Yukon Gold Project ("the Property"), pending conclusion of due diligence. The reports provided to GEMXX claim the Property hosts somewhere between 2,210,660 and as much as 4 million ounces of gold. The Company has not verified the historic resource classification or volume but remains optimistic that it speaks ...