NetworkNewsBreaks – GEMXX Corp. (GEMZ) Eyes Prom

NetworkNewsBreaks – GEMXX Corp. (GEMZ) Eyes Promising Start to Expected ‘Highly Lucrative’ First Year of Gold Mining

GEMXX (OTC: GEMZ), a mine-to-market global jewelry producer, is ramping up its capacity for gold ore processing at one of its Canadian assets, enthusiastic over the better-than-expected amount of ore produced from stockpiled surface material. “GEMXX’s Snow Creek Mine property in British Columbia completed site preparation for gold processing last year and mobilized equipment in May to begin bringing the property into full production. GEMXX reported the first production of gold from the site on Aug. 15 as ore collected from a 4,500-cubic-yard sample during construction of the facility was ‘cleaned out.’ The operation yielded 38.73 ounces of gold, amounting to 0.86 ounces per 100 cubic yards, according to the company’s statement,” a recent article reads. According to the company’s CEO Jay Maull, GEMXX is anticipating that gold ore from the 498-acre site, together with ammolite from its Alberta resources, will bolster the company’s long-term plans to expand its jewelry production and “de-risk revenues.” “These results are a promising start to what is anticipated to be a highly lucrative first year of gold mining,” Ian McClintock, the president of GEMXX’s exploration partner Crazy Horse Mining Inc., is quoted as saying.

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