NetworkNewsBreaks – GEMXX Corporation (GEMZ) Rel
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Posted On: 10/24/2023 5:41:58 PM
NetworkNewsBreaks – GEMXX Corporation (GEMZ) Releases Gold Production Report for BC-Based Snow Creek Test Mine Site
GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a 50% partner in Canadian gold-exploration company Crazy Horse Mining Inc. (“CHMI”), has successfully completed its third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining season. According to the announcement, GEMXX and CHMI have processed 31,200 cubic yards of gold-bearing ore during the 2023 test season; those results met all expectations, the report noted, and are positive considering much of the material used during the test program was surface “gold bearing ore” that had been stockpiled when making roads, ponds and pads used for the test site. A Canadian junior resource company, CHMI operates mining properties in British Columbia, Canada, including the Rosella Creek and Snow Creek claims.
The two companies are evaluating moving the test plant from Snow Creek to the adjacent Rosella Creek property to confirm the gold on that property in 2024; they are also studying the most effective way to scale up operations on the Snow Creek property to maximize the property’s commercial potential. “Gold production from the Snow Creek mine helps to derisk revenues, but most importantly, it complements our ammolite production with the world’s most sought-after commodity,” said GEMXX CEO Jay Maull in the press release. “Producing our own gold provides GEMXX with a significant reduction in the cost of goods for our entire gold jewelry product line, bringing the company one step 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), a leader in the ammolite gemstone mine-to-market segment and a 50% partner in Canadian gold-exploration company Crazy Horse Mining Inc. (“CHMI”), has successfully completed its third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining season. According to the announcement, GEMXX and CHMI have processed 31,200 cubic yards of gold-bearing ore during the 2023 test season; those results met all expectations, the report noted, and are positive considering much of the material used during the test program was surface “gold bearing ore” that had been stockpiled when making roads, ponds and pads used for the test site. A Canadian junior resource company, CHMI operates mining properties in British Columbia, Canada, including the Rosella Creek and Snow Creek claims.
The two companies are evaluating moving the test plant from Snow Creek to the adjacent Rosella Creek property to confirm the gold on that property in 2024; they are also studying the most effective way to scale up operations on the Snow Creek property to maximize the property’s commercial potential. “Gold production from the Snow Creek mine helps to derisk revenues, but most importantly, it complements our ammolite production with the world’s most sought-after commodity,” said GEMXX CEO Jay Maull in the press release. “Producing our own gold provides GEMXX with a significant reduction in the cost of goods for our entire gold jewelry product line, bringing the company one step 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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