GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a 50% partner in Canadian gold-exploration company Crazy Horse Mining Inc. (“CHMI”), has successfully completed its third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining season. According to the announcement, GEMXX and CHMI have processed 31,200 cubic yards of gold-bearing ore during the 2023 test season; those results met all expectations, the report noted, and are positive considering much of the material used during the test program was surface “gold bearing ore” that had been stockpiled when making roads, ponds and pads used for the test site. A Canadian junior resource company, CHMI operates mining properties in British Columbia, Canada, including the Rosella Creek and Snow Creek claims.
The two companies are evaluating moving the test plant from Snow Creek to the adjacent Rosella Creek property to confirm the gold on that property in 2024; they are also studying the most effective way to scale up operations on the Snow Creek property to maximize the property’s commercial potential. “Gold production from the Snow Creek mine helps to derisk revenues, but most importantly, it complements our ammolite production with the world’s most sought-after commodity,” said GEMXX CEO Jay Maull in the press release. “Producing our own gold provides GEMXX with a significant reduction in the cost of goods for our entire gold jewelry product line, bringing the company one step closer to our goal of becoming vertically integrated.”
To view the full press release, visit https://ibn.fm/fBK9s
About GEMXX Corporation
GEMXX is a publicly traded, mine-to-market gemstone, gold and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution. GEMXX is a producer of top-quality finished ammolite and ammolite jewelry. The company’s world-class gemstone cutters and jewelry designers are continuously leading the ammolite industry in new and exciting directions. The company’s management team is made up of the industry’s leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience. For more information about this company, please visit www.GEMXX.com.
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ
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