GEMXX Corp (GEMZ)

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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