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Posted On: 09/26/2023 5:17:29 PM
Post# of 205
NetworkNewsBreaks – GEMXX Corp. (GEMZ) Enters Binding LOI to Acquire 50% Interest in Proven Yukon Gold Project
GEMXX (OTC: GEMZ), an enterprise specializing in gold, gemstone and jewelry production, today announced its entry into a binding letter of intent (“LOI”) to acquire an initial 50% stake in The Yukon Gold Project (“the property”), pending conclusion of due diligence and verification of the considerable exploration work already completed on the property and the assessments quantifying the proven and potential gold resources. According to the announcement, exploration work on the property to date includes geological mapping and prospecting, ground magnetometer and induced polarization surveys, soil sampling, trenching and diamond drilling. “In addition to our Snow Creek and Rosella Creek Gold deposits, the acquisition of The Yukon Gold Project will significantly increase the company’s gold asset portfolio. Our plan to de-risk revenues through production of the world’s most sought-after commodity is happening fast,” said GEMXX CEO Jay Maull. “By adding up to 4 million ounces of gold to the company’s assets, GEMXX will increase shareholder value and provide a long-term, stable and profitable investment for years to come. We will not only enjoy a significant reduction in the cost of goods for our entire gold jewelry line, but this acquisition will bring the company closer to our goal of becoming vertically integrated.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
GEMXX (OTC: GEMZ), an enterprise specializing in gold, gemstone and jewelry production, today announced its entry into a binding letter of intent (“LOI”) to acquire an initial 50% stake in The Yukon Gold Project (“the property”), pending conclusion of due diligence and verification of the considerable exploration work already completed on the property and the assessments quantifying the proven and potential gold resources. According to the announcement, exploration work on the property to date includes geological mapping and prospecting, ground magnetometer and induced polarization surveys, soil sampling, trenching and diamond drilling. “In addition to our Snow Creek and Rosella Creek Gold deposits, the acquisition of The Yukon Gold Project will significantly increase the company’s gold asset portfolio. Our plan to de-risk revenues through production of the world’s most sought-after commodity is happening fast,” said GEMXX CEO Jay Maull. “By adding up to 4 million ounces of gold to the company’s assets, GEMXX will increase shareholder value and provide a long-term, stable and profitable investment for years to come. We will not only enjoy a significant reduction in the cost of goods for our entire gold jewelry line, but this acquisition will bring the company closer to our goal of becoming vertically integrated.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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