Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GEMZ looks good at keeping all required SEC filings up to date. This is another positive point.
$GEMZ Quarterly Reports found here: https://www.otcmarkets.com/otcapi/company/financial-report/386059/content
Good to see GEMZ maintains an active account on Twitter (X). Everyone should follow this account to get the updates posted directly.
$GEMZ
— GEMXX CORPORATION (@GemXX_Corp) December 22, 2023
The Mine on Yukon Gold Property is expected to generate 32,000 Oz of gold the first year of full production, and increase rate of production to 40K oz 2nd year and 53k oz 3rd year etc. #gold #goldprice #mining #investinfuture $GEMZ pic.twitter.com/iB7i7Q3Alb
Another good review of GENZ which is detailed and should be helpful for investor DD. Thanks for posting.
From the article:
GEMXX Corporation is a Las Vegas-based jewelry maker developing its strategic gold metal and ammolite gemstone from a unique mine-to-market product pipeline.
Gold has enjoyed record high prices during a “roaring 2023” run, and price fluctuations surrounding those highs have failed to deter optimism that demand for the precious metal may remain during the coming year.
GEMXX is the only publicly traded ammolite gemstone company in the world, and plans to expand its gemstone and jewelry production by 300 percent next year.
The company reported upbeat earnings and no long-term debt in its recent Q2 financial statement.
GARBAGE.FOR DILUTION.THE SCAM IS DONE.TIME FOR CEO TO START DELIVERING PIZZA THAT POS.
$GEMZ News December 18, 2023
GEMXX Corp. (GEMZ) Reports Rise in Earnings, Assets, and Income in 2023, Prepares for Further Strategic Growth in Coming Year
https://www.miningnewswire.com/gemxx-corp-gemz-reports-rise-in-earnings-assets-and-income-in-2023-prepares-for-further-strategic-growth-in-coming-year/
$GOLD $KGC $EGO $SBSW $GFI $DRD $HMY $NEM $WPM $FNV $USAU $GORO
GEMXX has planned to expand gemstone and jewelry production by 300% year over year. The Company’s shopping channel division is preparing to supply $5.5 million worth of Ammolite gemstones and jewelry over the next 12 months for Ammolite gemstones in jewelry designs by Kenneth Bradley. $GEMZ
I see GEMZ management provided a comprehensive review of all the company's recent developments and progress in a nice update package just last month. I found this quite useful as an overview introduction to the company and its prospects for the coming year.
GEMXX Corporation Provides Corporate Update on Recent Milestones and Expansion Plans for 2024
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 to the property’s potential. Read more here.
Sept. 12, 2023 -- To meet the growing demand for its products, GEMXX has planned to expand gemstone and jewelry production by 300% year over year. The Company’s shopping channel division is preparing to supply $5.5 million worth of Ammolite gemstones and jewelry over the next 12 months for Ammolite gemstones in jewelry designs by Kenneth Bradley. Read more here.
July 18, 2023 -- GEMXX announced it has secured 75% of mining costs for both its Gold and Ammolite initiatives. The involvement of new investors and strategic partners further strengthens GEMXX's financial position and supports its growth plan. This includes mine and process facility expansion and increased production to meet global demand for its products. Read more here.
March 14, 2023 -- The Company announced that it has acquired a 50% interest in the Canadian exploration company Crazy Horse Mining Inc. (“CHMI”). Crazy Horse Mining Inc. assets include 100% interest in two gold projects, Snow Creek, and Rosella Creek. Read more here.
March 23, 2023 -- The Company announced that it had signed an Ammolite Master Supply Agreement (“MSA”) with Canadian Ammolite Gems by Kenneth Bradley. Kenneth Bradley is one of the World’s most recognized Ammolite experts and is a Canadian influencer with a global following that continues to grow. Read more here.
Looking Forward – 2024 and Beyond
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.
About GEMXX Corporation
GEMXX Corporation (OTC: GEMZ; $GEMZ) is a publicly traded, mine-to-market gold, gemstone 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 leading 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. Our 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.
About Crazy Horse Mining Inc.
Crazy Horse Mining Inc. is a Canadian Junior resource company with significant gold assets in British Columbia, Canada. In partnership with GEMXX, CHMI aims to unlock the potential of its gold-bearing properties.
About Canadian Ammolite Gems by Kenneth Bradley
Kenneth Bradley is one of the world’s most recognized ammolite experts with a worldwide following that continues to grow. As a Canadian influencer, Kenneth Bradley will host multiple ammolite events annually that feature stunning ammolite gems curated by GEMXX’s world-class gemstone cutters. Bradley has been developing and marketing luxury jewelry for 30 years, making him the perfect host to showcase the stunningly beautiful GEMXX Ammolite gemstones.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Signed.
/S/ Jay Maull
For more information, please contact:
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
THE PUMP TEAM HAS ARRIVED.STUPID SCAM CEO.I TOLD YOU MF THIS POS WILL NEVER SEE THE LIGHT AGAIN.
The Company has amended the Letter of Intent (LOI) to extend the closing deadline until after a pilot mine project is completed. “We are happy to take this project to the next level by detailing the work plan. This one-year initiative will further prove the commercial viability of the property and will lay the groundwork for full scale 2025 operations,” commented Jay Maull, GEMXX CEO.
Big breakout coming soon here
Thanks for the short advice on this, will do
$GEMZ Quarterly Reports found here: https://www.otcmarkets.com/otcapi/company/financial-report/386059/content
GEMXX Corporation- With the Skyrocketing Prices of Gold, the Company through its “letter of Intent” looks to move ahead with a Proven Yukon Gold Project. The project could be a valuable asset and a “Return on Investment” with proven resources of 2.2 Million Ounces of Gold. $GEMZ
GEMXX has engaged a professional geological services firm to assess the historical resource documents and data that pertain to the property. The historical resources will be updated to current CIM reporting standards. Any additional drilling programs or assay results added will be included in the updated SK 1300 compliant report THE YUKON GOLD PROJECT PROPERTY $GEMZ
Good morning $GEMZ Follow the company on Twitter @ https://twitter.com/GemXX_Corp
Sorry, I didn't notice that you posted the tweet too... Oops.
Yukon has lots of gold.
$GEMZ
$GEMZ Tweet December 22, 2023
🌍 Diving deeper into the South Blocks: Probable reserves alone are valued at $460M. #GrowingPotential #InvestInFuture $GEMZ #GOLD #Mining #Ammolite #Gems pic.twitter.com/8QFYi90LI0
— GEMXX CORPORATION (@GemXX_Corp) December 22, 2023
$GEMZ Share Structure
Authorized Shares 1,975,000,000 01/15/2024
Outstanding Shares 102,306,296 01/15/2024
Restricted 84,994,118 01/15/2024
Unrestricted 17,312,178 01/15/2024
https://www.otcmarkets.com/stock/GEMZ/security
$GEMZ News December 20, 2023
GEMXX to Implement Pilot Mine at Proven Yukon Gold Project
https://finance.yahoo.com/news/gemxx-implement-pilot-mine-proven-133000119.html
$GEMZ "Diving deeper into the South Blocks: Probable reserves alone are valued at $460M. #GrowingPotential #InvestInFuture $GEMZ #GOLD #Mining #Ammolite #Gems"
🌍 Diving deeper into the South Blocks: Probable reserves alone are valued at $460M. #GrowingPotential #InvestInFuture $GEMZ #GOLD #Mining #Ammolite #Gems pic.twitter.com/8QFYi90LI0
— GEMXX CORPORATION (@GemXX_Corp) December 22, 2023
$GEMZ New Tweet Out
$GEMZ
— GEMXX CORPORATION (@GemXX_Corp) December 21, 2023
The Mine on Yukon Gold Property is expected to generate 32,000 Oz of gold the first year of full production which is 64 million in revenue at current #gold price! pic.twitter.com/weNHkTStjE
TREMENDOUS SCAM.THIS SCAMBAG CEO NEEDS TO LEARN A HUGE LESSON.TIME TO ENTER THIS POS AND DESTROY THE SCAM.HE DID NOT LEARN FROM THE R/S HE DID AND FD US ALL UP.HE THINKS WE FORGOT.TIME TO LEARN MF.
With the Skyrocketing Prices of Gold, the Company through its “letter of Intent” looks to move ahead with a Proven Yukon Gold Project. The project could be a valuable asset and a “Return on Investment” with proven resources of 2.2 Million Ounces of Gold.
LAS VEGAS, Dec. 20, 2023 (GLOBE NEWSWIRE) -- via IBN --GEMXX Corporation ( OTC: GEMZ ) ("GEMXX" or the "Company") announces today that it has made additional progress in its assessments quantifying the proven and potential gold resources on the Yukon Gold property. GEMXX, working in concert with the current owners, have approved a plan to implement a pilot mine as soon as the weather permits in 2024.
The Company has amended the Letter of Intent (LOI) to extend the closing deadline until after a pilot mine project is completed. “We are happy to take this project to the next level by detailing the work plan. This one-year initiative will further prove the commercial viability of the property and will lay the groundwork for full scale 2025 operations,” commented Jay Maull, GEMXX CEO.
As we approach 2024, various financial analysts and organizations have offered diverse predictions regarding gold prices. The World Gold Council suggests that gold may experience new all-time highs in 20241, aligning with analysts' projections of gold prices reaching or exceeding $2,500 per ounce.2 This bullish trend is further supported by expectations of the Federal Reserve cutting rates, potentially leading to gold prices hitting fresh highs.3
$GEMZ News Today 📰🗞️
Link: https://www.globenewswire.com/news-release/2023/12/20/2799271/0/en/GEMXX-to-Implement-Pilot-Mine-at-Proven-Yukon-Gold-Project.html?fbclid=IwAR2C4ItbH-7zzSscBzTbdaZDa6np7-Mfx9YD85Rr2oeMpF1joHo2BcYLULY
GEMXX to Implement Pilot Mine at Proven Yukon Gold Project
With the Skyrocketing Prices of Gold, the Company through its “letter of Intent” looks to move ahead with a Proven Yukon Gold Project. The project could be a valuable asset and a “Return on Investment” with proven resources of 2.2 Million Ounces of Gold.
LAS VEGAS, Dec. 20, 2023 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation ( OTC: GEMZ ) ("GEMXX" or the "Company") announces today that it has made additional progress in its assessments quantifying the proven and potential gold resources on the Yukon Gold property. GEMXX, working in concert with the current owners, have approved a plan to implement a pilot mine as soon as the weather permits in 2024.
The Company has amended the Letter of Intent (LOI) to extend the closing deadline until after a pilot mine project is completed. “We are happy to take this project to the next level by detailing the work plan. This one-year initiative will further prove the commercial viability of the property and will lay the groundwork for full scale 2025 operations,” commented Jay Maull, GEMXX CEO.
As we approach 2024, various financial analysts and organizations have offered diverse predictions regarding gold prices. The World Gold Council suggests that gold may experience new all-time highs in 20241, aligning with analysts' projections of gold prices reaching or exceeding $2,500 per ounce.2 This bullish trend is further supported by expectations of the Federal Reserve cutting rates, potentially leading to gold prices hitting fresh highs.3
Improved valuation with excellent potential for growth
Yukon Gold’s 2,210,660 ounces of gold in proven resources represents a significant milestone for our Company, particularly in light of the current gold price being projected at up to $2,500 per ounce. The latter will improve valuation with excellent potential for growth. GEMXX claim the property hosts somewhere between 2.2 million and as much as 4 million ounces of gold and current higher gold price environment will be contributed to an increase in project value. At current spot gold prices ($2,040/once), the NPV (at a 10% discount rate) could reach approximately $450 million.
This positions the Company with a million in revenue, considering the current and forecasted market value of gold, this is expected to make a considerable impact on the Company's valuation, reflecting a robust future revenue stream.
Rare Earth Elements and Other Minerals
In addition to the lucrative gold assets, GEMXX continues to review the data provided by the current owner to determine rare earth elements and /or other minerals if such as those used in battery manufacturing, are also commercially viable on the property.
“This strategic move will allow us to validate the projected Gold deposits and ultimately enhance our efficiencies in procuring raw materials for our worldwide retail 'Mine to Market,'” further commented, Jay Maull, GEMXX CEO.
Impact on Gold Mining Companies
This anticipated uptrend in gold prices bodes well for gold mining companies, including GEMXX. Analysts predict a sharp rebound in industry earnings in 2024, significantly influencing our stock value and investor confidence. Gold mining stocks are increasingly attractive to investors, given as gold prices rise, these companies are positioned to experience robust growth in cash flows, contributing to a positive outlook for the gold mining sector.
ABOUT GEMXX CORPORATION
GEMXX Corporation (OTC: GEMZ; $GEMZ) is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution.
GEMXX is a leading producer of top-quality finished ammolite and ammolite jewelry. The Company’s world-class gemstone cutters and jewelry designers are continuously leading the Ammolite industry in new and exciting directions. Our management team is made up of the industry's leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience.
THE YUKON GOLD PROJECT PROPERTY
The Property consists of 145 full Yukon Quartz Claims and is located south of Whitehorse, Yukon Territory in Canada. The Property has been explored since the time of the Klondike Gold Rush. It is a property of merit that could substantially impact the Company’s balance sheet and future revenue.
Several of the reports submitted by the owner for due diligence review state that the Property hosts 2,210,660 ounces of Proven gold resources. In addition, the Probable and Possible values indicated in the reports suggest the Yukon Gold Project could yield a total of 4 million ounces of gold. The Company has not verified the historic resource classification or volume but remains optimistic that they speak to the property’s potential.
Looking prime for another bottom move from here...
SS UPDATED.THERE IS THE DILUTION THE O/S FROM 100 MILLION.NOW 102,3 MILLION.SCAMBAG
GEMZ SECURITY DETAILS
Share Structure
Market Cap Market Cap
3,590,951
12/06/2023
Authorized Shares
1,975,000,000
12/04/2023
Outstanding Shares
102,306,296
12/04/2023
Restricted
84,994,118
12/04/2023
Unrestricted
17,312,178
12/04/2023
:::::Jay Maull, GEMXX CEO,:::::A TOTAL SCAMBAG.HE R/S SHAREHOLDERS AND KILLED THEIR INVESTMENT.F YOU JAY.THIS POS STOCK YOU RUN IS NOT GOING ANYWHERE MF.PAY BACK IS A B$TCH SCAMBAG.
GEMXX Corporation (OTC: GEMZ) Updates on Progress to Acquire 50% Interest in Yukon Gold Project with Proven 2.2 Million Gold Resources
December 5, 2023
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.
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 Yukon Gold Project could yield a total of 4 million ounces of gold. The Company has not verified the historic resource classification or volume but remains optimistic that they speak to the property’s potential.
In addition to the lucrative gold assets, GEMXX is reviewing the data to determine if other minerals and/or rare earth elements, such as those used in battery manufacturing, are also commercially viable on the property.
GEMXX has engaged a professional geological services firm to assess the historical resource documents and data that pertain to the property. The historical resources will be updated to current CIM reporting standards. Any additional drilling programs or assay results added will be included in the updated SK 1300 compliant report.
THE YUKON GOLD PROJECT PROPERTY
The property consists of 145 full Yukon Quartz Claims and is located south of Whitehorse, Yukon Territory in Canada. The property has been explored since the time of the Klondike Gold Rush. It is a property of merit that could substantially impact the company’s balance sheet and future revenue.
Gold & jewelry = $$$$$ here
CEO HERE IS A TOTAL SCAM.DID A R/S AND KILLED ALL SHAREHOLDERS.PAY BACK IS A B4TCH.I WILL RIP YOUR A## MF.FOR EVER,
SCAM.AND SCAMBAG CEO POS.I TOLD YOU MF PAY BACK IS A BITCH.
The Company is highlighting recent achievements reflected in this Quarterly Financial Statement.
Shares issued and outstanding are 100,009,646. The Company’s Account Receivables have increased to $1,330,983 compared to the same period last year which was $701,252.The Total Assets of the Company have increased to $20,116,566.Net Income increased to $212,526 compared to $132,842 in the same period last year. The Company’s long-term debt remains at $0.00.
There is something wrong with this situation. Are they current with filings, state taxes, suits, etc.?
good news. small float. no movement!!
Plans to Increase Capacity by 300%
LAS VEGAS, Nov. 07, 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 pleased to provide investors with an update on its current and future plans.
The Company is highlighting the 2023 mining season.
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.
GEMXX has set aggressive but achievable goals for its mining division. During 2023 the Company intended to prove the commercial viability of the Snow Creek gold mine and it achieved that goal. The Company was also able to lay the groundwork for a world-class ammolite gemstone mine and has identified several acquisition targets including the Yukon Gold Project.
"Opening a profitable mine operation takes a tremendous amount of time and effort to do it right. As a Company interested in creating longevity and shareholder value, we take the time needed to achieve both. We look forward to updating shareholders as each milestone below is met. Everything the Company has planned is focused on driving shareholder value," said Jay Maull, GEMXX CEO.
Snow Creek
GEMXX, in partnership with Crazy Horse Mining, Inc. (CHMI), has successfully completed 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.
2024 plans include upscaling the gold mine operation to triple production at the site. GEMXX is meeting with CHMI on November 8 to finalize the 2024 mining plan for the two gold properties, Snow Creek and Rosella Creek.
Lastly, the Company is compiling all test and mining results from the 2023 mining season which will be used as part of the information required to complete an S-K 1300 compliant resource report. Once the report is complete, the Company can better value the resource claim and add the assets’ resources to the balance sheet.
wrong board ~ opps > Box Homes will sell > like Mobile homes sell GEMZ
News-------GEMXX Issues 2024 Roadmap, Expansion Plans and Milestones Update
https://www.globenewswire.com/news-release/2023/10/31/2770181/0/en/GEMXX-Issues-2024-Roadmap-Expansion-Plans-and-Milestones-Update.html#:~:text=Everything%20the%20Company%20has%20planned,mine%20production%20and%20more%20revenues
gearing for a run over .10 here bring on some news
Followers
|
226
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
14446
|
Created
|
04/18/11
|
Type
|
Free
|
Moderators |
GEMXX Corporation is a publicly traded, gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities, and operating assets.
HEAD OFFICES
2300 West Sahara Avenue, Suite 800, Las Vegas, NV 89102
828 8/F, Block B, Focal Ind. Center. Kowloon, Hong Kong SAR
Contact Us at mail@gemxx.com
INVESTOR RELATIONS
Link here: You've been invited to invest in GEMXX Corporation $GEMZ
OPERATIONS
GEMXX is focused on identifying and developing North American resources including high-margin gold and gemstone deposits. The company owns a 50% stake in over 738 acres of proven gold-producing ground located in Northern British Columbia, Canada. After 2023 test mining produced 300 ounces of gold, the property is estimated to hold over 150,000 ounces of easily recoverable gold. The gemstone resources of the company are situated within three distinct blocks in Southern Alberta, Canada. Resource experts from Sproule Associates Limited were commissioned to prepare an NI 43-101 Resource Report. So far, Sproule has identified over 9,700 concretions containing gemstones on the Northern Block. To date, the company has also conducted three core samples on the southern properties, successfully confirming the presence of two shale formations that contain gemstones. Continual exploration is a fundamental aspect of GEMXX's operations, which is why the company recently announced the intention to acquire gold properties in the Yukon with an estimated 4 million ounces of gold and earlier completed the acquisition of an additional 217 acres of gem-bearing land in Southern Alberta, Canada.
GOLD
GEMXX has recently acquired a 50% stake in Crazy Horse Mining Inc. ("CHMI"), including its mineral assets located in British Columbia, Canada. CHMI's primary Canadian gold exploration assets consist of the Snow Creek and Rosella Creek projects, along with additional mining claim options in British Columbia. The Snow Creek project spans 498 acres, with approximately 80% of the area considered mineable, while the Rosella Creek project covers 240 acres, with an estimated 90% being mineable.
In relation to the Snow Creek project, three initial test runs involving 100 cubic yards each have been completed, yielding respective results of 1.07, 1.08, and 1.12 ounces. The project holds well-defined mineral resources, featuring a 0.94:1 ratio of overburden to pay ore.
Crazy Horse Mining Inc. is a Canadian Junior resource company that possesses mining properties in British Columbia, Canada. CHMI's Snow Creek claim, covering 498 acres, is situated adjacent to the renowned Christie's Lead gold deposit, which was described as "the richest piece of ground in the Cassier gold fields" back in 1876. As for the 240-acre Rosella Creek property, limited exploration work has been conducted thus far, but it is reported that the neighboring property generates over 200 ounces per season through a small single-operator operation. CHMI intends to conduct further testing on the Rosella Creek property during the 2023 season.
"The acquisition of the Snow Creek and Rosella Creek gold asset portfolio strengthens the Company's long-term asset expansion plan and mitigates revenue risks. Moreover, it complements our Ammolite production with the world's most sought-after commodity. This will significantly reduce the cost of goods for our entire gold jewelry product line and bring us closer to our goal of vertical integration," stated Jay Maull, GEMXX's Chief Executive Officer. Mr. Maull further added, "To date, we have drilled 33 test holes and conducted three separate bulk tests involving 100 cubic yards each. Based on our initial assessments, there are indications that the properties could potentially yield over 150,000 ounces of easily recoverable gold. This will be confirmed by an S-K 1300 compliant Resource Report expected to be released this summer."
In September GEMXX announced it had entered into a binding Letter of Intent to acquire an initial 50% stake in the Yukon Gold Project, pending the conclusion of due diligence and verification of the considerable exploration work already completed on the property and the assessments quantifying the proven and potential reserves of 4 million ounces of gold being present on the property.
In addition to the 800 acres already held in the Company's resource portfolio, GEMXX has recently acquired an extra 217 acres of gem-bearing property in Alberta, Canada. These Southern Blocks represent two valuable assets with high-grade deposits, low operating costs, and long lifespans.
As of now, three core samples have been extracted from the southern properties, confirming the presence of two formations containing gem-bearing shale. The initial core samples, combined with the management's extensive knowledge of historic mines in neighboring areas, instill confidence that this site has the potential to be one of the world's premier Ammolite mines.
Developing the Southern Blocks will serve as a growth platform for GEMXX in both new and established markets, enabling the company to meet the global demand for its products. This site alone positions GEMXX to become a significant and scalable Ammolite producer, with an estimated production lifespan of 50 years.
Further exploration on these two southern blocks will involve the implementation of test pits and trenching to evaluate the gemstone recovery rate per cubic yard of gem-bearing shale. The two shale formations, referred to as 3B and Zone 4, are known for their distinctive characteristics. Zone 3B is recognized for yielding gem-quality Ammonites and free-form Ammolite gemstones, while Zone 4 is known to produce the highest-grade Ammolite gemstones and Collector Ammonite fossils found anywhere in the world.
Upon completion of the National Instrument 43-101 report on the Company's Southern Blocks, Management anticipates a substantial three-fold increase (3x) in the Net Present Value (NPV) of the Company's assets. GEMXX remains committed to expansion across multiple markets and aims to own or control every step of the production process.
GEMXX is building a unique global Gold and Gemstone exchange and making exceptional progress in the industry. We have people from a variety of academic and professional backgrounds on our team, including business professionals, financial experts, jewelry designers, marketing and sales specialists, engineers, and various trades.
$GEMZ - COMPANY PRESS RELEASES
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |