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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/
| 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 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%.
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 |
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:
| (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. |
| Market Value1 | $217,573 | a/o Sep 24, 2014 |
| Shares Outstanding | 543,932,501 | a/o Aug 11, 2014 |
| Float | 494,126,251 | a/o Aug 11, 2014 |
| Authorized Shares | 1,998,000,000 | a/o Aug 11, 2014 |
| Par Value | 0.001 |
