- The proven Yukon Gold Project hosts an estimated 4 million ounces of gold.
- The historic ‘Yukon Gold Project' boasts extensive exploration, proving the site's potential to host an economic gold deposit of significant proportions.
LAS VEGAS, Dec. 05, 2023 (GLOBE NEWSWIRE) -- via IBN - GEMXX Corporation (OTC:GEMZ) ("GEMXX" or the "Company"), announces today that it has made progress in its review and verification of the considerable exploration work already completed on the Yukon Gold Project property and the assessments quantifying the proven and potential gold resources. The Company has also begun discussions with the current owner/partner to conduct a pilot plant on the property in 2024.
Jay Maull, GEMXX CEO, commented: "A pilot plant will test the parameters of new technologies, production systems, and process technologies to support the sustainable scale-up of mineral processing and production methods. It will provide an opportunity to test flowsheet viability, equipment, and operations on a small scale before full production."
Work completed by the previous owners included trenching, exploration work, geological mapping and prospecting, ground magnetometer and induced polarization surveys, soil sampling and diamond drilling.
Several reports submitted by the owner for due diligence review state that the property hosts 2,210,660 ounces of proven gold resources. In addition, the probable and possible values indicated in the reports suggest the ...