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Gold and Gemstone Mining, Inc. (GGSM)

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Gold and GemStone Mining Inc.







http://www.ggsmining.com/

The Company
GGSM is a U.S. based mining company with a particular focus on the exploration, development and production of small scale alluvial gold and diamond mining projects in the country of Sierra Leone, West Africa.

The Company's accredited senior management has deep-rooted relations within the mining industry of Sierra Leone. GGSM wishes to develop a strong asset base that will provide an opportunity for continued expansion into the surrounding neighbours of Africa as well as internationally.

The Directors of GGSM are acutely focused on the local communities philanthropically in which their mining operations will be developed, in doing so helping to ensure a long lasting and mutually beneficial relationship for years to come.

The company, in an equally owned Joint Venture with local landowners shares the rights to mine 3 concessions. These concessions are situated within the Kono District, Sierra Leone's prominent alluvial mining region for gold and diamond projects. These rights are conditional upon on the successful funding of the Joint Venture by GGSM within 12 months of the concessions transfer to the Joint Venture.

About Us
GGSM is incorporated under the laws of Nevada, USA, with the specific aim of acquiring and developing mining rights and assets in areas with proven mining activities.

GGSM has adopted a lean and agile management strategy by leveraging partnerships and joint ventures with proven mining companies and geologists, the ultimate objective always being rapid and successful production. The company near term focus is on the full funding, development and production of its first 3 mining concessions.

The management team has identified several key companies with which to form Joint Venture Agreements for the exploitation of highly sought after gold and diamond resources in Sierra Leone and have successfully executed on a number of very exciting projects with a local established mining company in Sierra Leone. More information on these JVs can be viewed on the Home and Projects sections of this website.

The company is in the process of adding more companies and concessions to its current mining portfolio, again within a particular focus on alluvial mining projects for precious metals and gemstones.

GGSM will continue toward its goal of full funding for its JV partners and progress into the production phase of the company's development while, in addition, continuing to utilize its worldwide network of business partners to identify the next series of projects with which to focus and develop.


http://www.ggsmining.com/layouts/ggsm/videonew.html

Mission
GGSM has an unprecedented opportunity to rapidly expand its production capabilities across highly productive alluvial mining territories in Sierra Leone, West Africa and is set to become a leading mid-tier producer of gemstone quality diamonds and high quality gold.




GGSM.OB - Gold and Gemstone Mining research report by Spectrum Research Group is available for free download.


GGSM is a mining investment company focusing on developing diamond and gold concessions - through joint ventures - in Sierra Leone.

One of GGSM's unique advantage is their keen ability to forge local relationships that help them get privileged access to mining lands and other resources.

Learn more about GGSM an interesting mining company with an eye to becoming a leading mid-tier diamond & gold producer.

http://spectrumresearchgroup.com/ggsm.ob-gold-and-gemstone-mining-inc-free-research-report-download/

Mining in Sierra Leon

The largest diamond ever discovered was in 2002 in Kono district, weighing 1440ct and was sold for 75 million dollars in Belgium. Other large stones include the 'Star of Sierra Leone', weighed 969.8ct (see picture below), discovered in February 1972 at the No.11 Plant in Kono. In 1970, the Sefadu diamond was discovered in the Dominco mine, weighing 620ct. In 1969, the ":Zale light of peace" weighing 435ct was discovered. In 1996, two stones weighing 188ct and 283ct; and in 1997, several large stones weighing 524ct, 700ct and 900ct; were recovered from unspecified locations. In 2006, a 152.42ct diamond was discovered east of Koidu Town. In 2007, two pieces weighing 143.4ct and 129.7ct were discovered.





Strategy
GGSM is initially focused on the exploration of its current Joint Venture alluvial mining projects in Sierra Leone.

The Company has specific exploration and production objectives:


To fund the continued exploration and development of all 3 current alluvial diamond and gold concessions in Sierra Leone Chiefdoms in which JV agreements already exist.
To seek fresh concessions within known diamond & gold mining areas via our exclusive relationship with our local partners, which provides privileged knowledge and access to Paramount Chiefs and Mining experts in Sierra Leone.
To closely manage, monitor and secure the complete supply chain for bringing high quality diamonds and gold to the market via various fronts utilizing our existing relationships with diamond and gold vaults in major cities across the US, South Africa, Europe & China

GGSM's business strategy is to achieve profitable growth as a producer/supplier of gem quality diamonds and fine quality gold. Management is also focused on identifying, acquiring and developing further mining assets in proven hi-yielding mining areas of Africa.



http://www.youtube.com/watch?v=VCcwWPkW9Tc&feature=player_embedded

http://www.youtube.com/watch?v=VCcwWPkW9Tc&list=UUqsHzXMiUTFJLcVZm5OlFyA&index=4


Investor Downloads
To further introduce Gold & GemStone Mining Inc (GGSM) you to, we've developed a variety of promotional and marketing material documents that detailing our work. Please feel free to download and distribute these documents.

Click here to view all GGSM related information that is avalable on the internet.



http://www.ggsmining.com/files/68/files/GGSM%201Page%20brochure%20v1.pdf
http://www.ggsmining.com/files/68/files/GGSM%202Page%20brochure%20v1.pdf

Overview
GGSM has secured exclusive mining rights to over 105 acres of prime alluvial mining territory in the Kono District, Sierra Leone's prominent diamond mining region.

The Sierra Leone project has a large number of mining concessions currently split across three separate Chiefdoms in Kono. These concessions are located on the banks of the Sewa River, which is the main diamond bearing river in Sierra Leone.

Alluvial gold is also present in practically all river/stream gravels throughout the country at varying grades. These are increasing up to 5 and even 10 g/T in streams running from the Nimini Hills, Gori Hills and several other hill ridges composed of the greenstone complex in which the GGSM Mining concessions reside.

GGSM's local partner has strong relationships with various Paramount Chiefs and community leaders, along with a clear understanding of the political environment in Sierra Leone. GGSM has been given assurances from advanced discussions with the various paramount chiefs and community elders in Sierra Leone that these projects will be expanded upon once the joint venture operation has initiated full production.

GGSM has an excellent opportunity to gain privileged access to large areas of un-mined mineral rich territory across the country. With this opportunity management recognizes the responsibility to establish a strict code of ethical mining and re-investment in local communities to help promote and establish Sierra Leone as a leading mining Country of Western Africa.

http://bluehorseshoestocks.com/ggsm-gold-and-gemstone-mining-inc-special-report/



GGSM has worked very hard to receive the clearance (or concession) from local authorities to go ahead with mining operations, so that gold and diamonds can begin to be extracted from their three current claims which are sprawled over three separate chiefdoms.

The company's near term focus is on the full funding, development and production of its first mining concessions, from which several instances of sampling have produced promising results.

The results show an average  56 carats per hundred-ton of high quality diamonds, slightly above the average grade of stones coming out of the region.

Equally impressive data is found, in relation to the incidence of gold with sampling taken from a total of 270 tonnes of gravel showing 62 grams /hundred ton at a purity rate of 96.4%.



Project Sandia
50 Acres situated on the banks of the Sewa River in the Nimiyama Chiefdom

Project Nyamundu
25 Acres of diamond and gold bearing land in the Nimikoro Chiefdom

Project Kambaya
30 Acres of diamond and gold bearing land in the Sandor Chiefdom with an additional 50 acres available upon commencing mining











The Mining Concessions are split across three separate Chiefdoms; the Sandia Concession (Nimiyama Chiefdom) , the Nyamundu concession (Nimikoro Chiefdom) & the Kambaya Concession (Sandoh Chiefdom). These concessions are all in the Kono District which is located in the north eastern region of Sierra Leone. The below map of Sierra Leone outlines (in red) the location of the Kono District:




The three concessions are located on and around the banks of the Sewa River, which is the main diamond bearing river in Sierra Leone. The Sewa River is the most important commercial stream in Sierra Leone and is formed by the junction of the Bagbe and Bafi rivers, which rise in the northeastern part of the country near the Guinea border; it flows for 150 miles (240 km) in a south-southwesterly direction.


Specifically, these claims and sizes are as follows:

Nimiyama Chiefdom (The Sandia Concession) - 50 Acres situated on the banks of the Sewa River Grid Co-ordinates: X Y
RB01 249305 958997
RB02 249124 958818
RB03 248985 958565
RB04 248779 958489
RB05 248687 958697
RB06 248944 959156

The Nimiyama Chiefdom has granted the Sandia concession near Madina Villiage (grid reference 8.522626,-11.257639)which is 17km South on rough roads tothe nearest town which is Njaiama-Sewafe (Grid reference 8.543337,-11.243305). From Njaiama-Sewafe it is about a 35km drive North East by main road to Yengema Airport (grid reference 8.621926,-11.044178) and a further 12km East by main road to the Koidu City (grid reference 8.650948,-10.973282).. The journey by car from Njaiama-Sewafe to Koidu City is approximately 40minutes. There is no railway in the location of the concession. The road from Njaiama-Sewafe to the Sandia concession is serviceable by motor vehicle but is very rough and there may be some remedial works required for heavy plant machinery access. There is no electricity in the local town or at the concession area so the site would rely upon generators to begin operations. There is good mobile phone network coverage in the area.

Nimikoro Chiefdom (The Nyamundu Concession) - 25 Acres of diamond and gold exploration land in the Nimikoro Chiefdom. The total claim area is 87 acres but RMSL has been granted an initial 25 acre concession with the option to extend later.

Grid Co-ordinates: X Y
RG01 270992 949421
RG02 270840 949443
RG03 270810 949410
RG04 270792 949334


{C}{C}{C}

10

Grid Co-ordinates: X Y
RG05 270741 949298
RG06 270628 949404
RG07 270457 949609
RG08 270647 950328
RG09 270741 950338
RG10 270790 950302
RG11 270788 950041
RG12 270971 950028
RG13 270950 949946
RG14 270954 949712



The Nimikoro Chiefdom has granted the Nyamandu concession (grid reference 8.676318,-11.154692) located close to the town Nyamandu, it is a further 3km North to the main road junction at Bumpeh (grid reference 8.69473,-11.166916). From Bumpeh it is approximately 18km South East by main road to Yengema Airport (grid reference 8.621926,-11.044178) and it is a further 12km East to the nearest major city which is Koidu City (grid reference 8.650948,-10.973282). To travel to the airport or Koidu you must catch a ferry to cross the Sewa River. There is no railway in the location of the concession. The road from Nyamandu is serviceable by motor vehicle but is very rough and there may be some remedial works required for heavy plant machinery access. There is no electricity in the local town or at the concession area so the site would rely upon generators to begin operations. There is good mobile phone network coverage in the area.

Sandoh Chiefdom (The Kambaya Concession) - 30 Acres of diamond and gold exploration land in the Sandoh Chiefdom with an additional 50 acres available upon commencing of mining operations.

Grid Co-ordinates: X Y
RG01 264623 960344
RG02 264550 960183
RG03 264328 960252
RG04 264122 960429
RG05 264051 960618
RG06 264213 960659
RG07 264246 960533
RG08 264356 960410
RG09 264475 960354




The Sandoh Chiefdom has granted a concession near Kambaya (grid reference 8.69299,-11.149449). The nearest airport is Yengema Airport (grid reference 8.621926,-11.044178) which is 16km East of Kambaya by main road. The nearest major city is Koidu City (grid reference 8.650948,-10.973282) which is a further 12km East from the airport by main road. The journey from Kambaya to Koidu City is approximately one hour by car. To travel to the airport or Koidu you must catch a ferry to cross the Sewa River. . There is no railway in the location of the concession. The short road from Kambaya to the specific concession site is serviceable by motor vehicle but is very rough and there may be some remedial works required for heavy plant machinery access. There is no electricity in the local town or at the concession area so the site would rely upon generators to begin operations. There is good mobile phone network coverage in the area.

Access to the country interior from Freetown, the capital of Sierra Leone, is by a combination of paved and dirt roads And it is approximately 200 miles between Freetown and Yengema Airport. New hydroelectric schemes are being developed to help address the electricity needs of the country's power grids. Communications have improved significantly in the last few years, with the mobile phone network being regularly extended. Coverage now reaches most population centers and main roads.

Key to locations on the following maps:

 


Read more: http://www.faqs.org/sec-filings/121204/Gold-and-Gemstone-Mining-Inc_8-K.A/#ixzz2L2GcrlRL

  Read more: http://www.faqs.org/sec-filings/121204/Gold-and-Gemstone-Mining-Inc_8-K.A/#ixzz2L2FmcqwX

Read more: http://www.faqs.org/sec-filings/121204/Gold-and-Gemstone-Mining-Inc_8-K.A/#ixzz2L2FOz7Q1

Read more: http://www.faqs.org/sec-filings/121204/Gold-and-Gemstone-Mining-Inc_8-K.A/#ixzz2L2817oJN



(3) Articles of Incorporation and Bylaws
3.1 Articles of Incorporation (incorporated by reference from our Registration Statement on Form S-1 filed on April 7, 2010).
3.2 By-laws (incorporated by reference from our Registration Statement on Form S-1 filed on April 7, 2010).
3.3 Certificate of Amendment filed with the Nevada Secretary of State on April 24, 2012 (incorporated by reference from our Current Report on Form 8-K filed on April 30, 2012).
3.4 Certificate of Incorporation of Gold and Gemstone Mining S.L. Limited (incorporated by reference from our Current Report on Form 8-K filed on October 9, 2012) .
3.5 Certificate of Mining Registration of Gold and Gemstone Mining S.L. Limited (incorporated by reference from our Current Report on Form 8-K filed on October 9, 2012) .
(10) Material Contracts
10.1 Agreement dated February 25, 2010 by and between our company and XTEK (incorporated by reference from our Registration Statement on Form S-1 filed on April 7, 2010).
10.2 Collaboration Agreement with Ridgeback Mining (Sierra Leone) Limited dated May 4, 2012 (incorporated by reference from our Current Report on Form 8-K filed on May 4, 2012).
10.3 Letter Agreement between Ridgeback Mining (Sierra Leone) Limited and the Nimiyama Chiefdom with respect to the Nimiyama concession (incorporated by reference from our Current Report on Form 8-K filed on May 4, 2012).
10.4 Letter Agreement between Ridgeback Mining (Sierra Leone) Limited and the Nimikoro Chiefdom with respect to the Nimikoro concession (incorporated by reference from our Current Report on Form 8-K filed on May 4, 2012).
10.5 Letter Agreement between Ridgeback Mining (Sierra Leone) Limited and the Sandoh Chiefdom with respect to the Sandoh concession (incorporated by reference from our Current Report on Form 8-K filed on May 4, 2012).
10.6 Letter Agreement between Ridgeback Mining (Sierra Leone) Limited and the Nimikoro Chiefdom for the extension of the Nimikoro Concession dated May 25, 2012 (incorporated by reference from our Current Report on Form 8-K filed on May 30, 2012).
10.7 Letter Agreement between Ridgeback Mining (Sierra Leone) Limited and the Nimiyama Chiefdom for the extension of the Nimiyama Concession dated May 18, 2012 (incorporated by reference from our Current Report on Form 8-K filed on May 25, 2012).
10.8 Assignment Notice to the Nimiyama Chiefdom delivered on October 22, 2012.
10.9 Assignment Notice to the Nimikoro Chiefdom delivered on October 22, 2012.


Read more: http://www.faqs.org/sec-filings/121204/Gold-and-Gemstone-Mining-Inc_8-K.A/#ixzz2L2HdQXuF


Management
Ms. Charmaine King - CEO

LATEST NEWS!!!!!
http://www.ggsmining.com/news.asp
http://markets.hpcwire.com/taborcomm.hpcwire/news/read?GUID=22931467

http://www.equities.com/news/material/2013-02-12/1033985/gold-and-gemstone-mining-inc-looking-for-more-jv.story




http://companynewstv.com/ggsmd-gold-and-gemstone-mining-featured-in-ceoinsidertv-interview/

FINANCIAL STATEMENTS


GOLD AND GEMSTONE MINING INC.
(FORMERLY GLOBAL GSM SOLUTIONS, INC.)
(AN EXPLORATION STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
OCTOBER 31, 2012
On May 4, 2012, the Company effected a 45:1 share split. At the same time, 180,000,000 shares of common stock were returned for voluntary
cancellation.
Total shares of common stock outstanding as of October 31, 2012 and 2011 were 150,750,000 and 7,350,000 respectively.


http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8972095

Effective February 8, 2013,
our company entered into a collaboration agreement with Tell Mining Group (the "Tell Agreement") for the
exploration and development of mineral properties in Africa. Tell Mining is an active owner and developer of gold mining concessions in
Ghana (the "Concessions"). Each Concession constitutes a separate mining project. The agreement contemplates the creation of a joint venture
company in Ghana (the "JV Company") for which our company and Tell Mining Group shall each hold 50% of the issued and outstanding
ordinary shares of the JV Company. Our company is required to deposit $10,000 cash with Tell Mining prior to commencement of mining
along with 15% of net profits once in production, paid quarterly per Concession. The term of the agreement is 5 years.
The foregoing description of the Tell Agreement is all qualified in its entirety by the contents of the agreement attached as an exhibit to this
current report. Due to conditions precedent to closing, specifically the financial obligations required of our company, and the risk that these
conditions precedent will not be satisfied, there is no assurance that our company will be able to close any of this agreement and acquire an
interest in the properties.


http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9077253

Share Structure

Market Value1 $5,879,250 a/o Feb 14, 2013
Shares Outstanding 150,750,000 a/o Dec 13, 2012
Float 7,350,000
Authorized Shares 400,000,000
Par Value 0.001

http://www.otcmarkets.com/stock/GGSM/company-info
   

Morningstar Corporate Communications


Investor Relations

646-224-6971
http://www.mscorpcommunications.com
info@mscorpcommunications.com

Island Stock Transfer


Transfer Agent
15500 Roosevelt Boulevard
Suite 301
Clearwater, FL, 33760
727-289-0010
http://www.islandstocktransfer.com
info@islandstocktransfer.com

Contact Info
  • 2144 Whitekirk Way
  • Draper, UT 84020
  •  


  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
GGSM
Current Price
Volume:
Bid Ask Day's Range
Wiki
GGSM News: Statement of Ownership (sc 13g) 08/21/2014 04:24:54 PM
GGSM News: Statement of Ownership (sc 13g) 07/24/2014 03:28:36 PM
GGSM News: Gold and Gemstone Mining Signs MoU and Acquisition of Gringo Viejo Project 07/22/2014 08:30:00 AM
GGSM News: Current Report Filing (8-k) 06/26/2014 11:24:52 AM
GGSM News: Quarterly Report (10-q) 06/18/2014 01:01:48 PM
News News Alert: Statement of Ownership (sc 13g) 08/21/2014 04:24:54 PM
PostSubject
#2004  Sticky Note Gold and Gemstone Mining Completed Acquisition of Gringo wolverine02 08/19/14 11:55:51 AM
#1908  Sticky Note $GGSM recent news/filings stocktrademan 07/22/14 12:25:04 PM
#2142   Anything can happen at any given moment. Just Rixstar 08/22/14 02:20:10 PM
#2141   in a typical Friday trading few months ago pand2014 08/22/14 02:00:31 PM
#2140   Typical Friday trading or lack of. Should not Rixstar 08/22/14 11:10:58 AM
#2139   Good morning GGSM. I am happy to see LFLR 08/22/14 10:53:22 AM
#2138   With big volume that isn't out of the MartyTrades 08/21/14 05:04:09 PM
#2137   That price would be very nice indeed! Rixstar 08/21/14 04:58:30 PM
#2136   Looks like support is around .0005-.0007, would really LFLR 08/21/14 04:00:38 PM
#2135   GGSM:boughts not yet shown- pand2014 08/21/14 03:45:03 PM
#2134   We need to beef up the bid support Rixstar 08/21/14 01:03:30 PM
#2133   Nite and MAXM accumulating on the bid. Ask Wanka 08/21/14 12:43:03 PM
#2132   Yep. Someone accumulating on MAXM. Wonder if Wanka 08/21/14 11:53:00 AM
#2131   Just dropped in to see what condition my Rixstar 08/21/14 11:50:11 AM
#2130   GGSM. 7s up. MAXM at the bid. Appears Wanka 08/21/14 11:37:34 AM
#2129   right-got an order at 6 not filled ... pand2014 08/21/14 11:05:18 AM
#2128   From the PR - "We are extremely pleased wolverine02 08/21/14 11:04:27 AM
#2127   6s about to go and 7s up. Wanka 08/21/14 11:03:07 AM
#2126   No, it's just August. This stock should Rainer 08/20/14 05:53:15 PM
#2125   Gotta have patience in pennyland. Many took advantage Pissmilk 08/20/14 03:43:03 PM
#2124   Traders waiting for cheap shares not going any lukin4winners 08/20/14 03:10:09 PM
#2123   Is this a joke? How is there no thepoet75 08/20/14 02:55:41 PM
#2122   I agree, needs some consolidation but support is MrktMovrs 08/20/14 12:58:19 PM
#2121   could be Buckden 08/20/14 12:46:34 PM
#2120   Anything under .001 is cheap IMO Pissmilk 08/20/14 12:15:33 PM
#2119   Next level coming after that news. Consolidation then move. lukin4winners 08/20/14 11:30:38 AM
#2118   m served Buckden 08/20/14 11:06:35 AM
#2117   So who wants to buy the last two MrktMovrs 08/20/14 11:01:06 AM
#2116   zzzzzz Buckden 08/20/14 10:36:45 AM
#2115   small / should leave 0007 step soon Buckden 08/20/14 09:54:38 AM
#2114   1.42 mil wolverine02 08/20/14 09:53:12 AM
#2113   Goodmorning LFLR 08/20/14 09:52:47 AM
#2112   whats left Wolv' ? Buckden 08/20/14 09:52:06 AM
#2111   That's what I am thinking...nice slap at .0007 wolverine02 08/20/14 09:49:21 AM
#2110   First half hour shake then continuation watch. lukin4winners 08/20/14 09:43:04 AM
#2109   0006 x 0007 Buckden 08/20/14 09:42:05 AM
#2108   lil shake ... amateur hour ? Buckden 08/20/14 09:38:30 AM
#2107   this market is dead..arggghhhh..MMs r manipulating it,NOW! 1geb 08/20/14 09:37:03 AM
#2106   GM... Good day for $GGSM PennyPoundin 08/20/14 09:26:19 AM
#2105   Good morning all wolverine02 08/20/14 08:53:51 AM
#2104   exact ! Buckden 08/20/14 08:25:56 AM
#2103   Like the quote by the ceo shows interest lukin4winners 08/20/14 08:18:42 AM
#2102   doubles today..NO doubt...GM & GLTA!!!!! 1geb 08/20/14 08:17:33 AM
#2101   "We are extremely pleased to have reached this Buckden 08/20/14 08:10:54 AM
#2100   $GGSM - i like it <>>>> 0.0007 Buckden 08/20/14 04:04:45 AM
#2099   Good call bro PennyPicksPro 08/19/14 07:52:12 PM
#2098   Agreed! Except I'm in at .0007... PennyPoundin 08/19/14 06:16:36 PM
#2097   Glad I grabbed .0006s today! Pissmilk 08/19/14 04:45:41 PM
#2096   Weeeeeeeee MrktMovrs 08/19/14 04:02:18 PM
#2095   not what we wished BUT very DECENT close! 1geb 08/19/14 04:00:30 PM
#2094   not false Buckden 08/19/14 03:55:57 PM
#2093   .0008 will be a nice close... slow and YN2 08/19/14 03:53:24 PM
PostSubject