- GEMXX Corp., producer and distributor of gold and gems, draws on its own mining assets to manufacture its colorful jewelry, unique in the jewelry industry, and is the leading producer of top-quality finished Ammolite products.
- GEMXX just completed its second clean-out and recording of gold production at its Snow Creek Mine site, yielding 172.3 ounces of gold from 18,000 cubic yards of material, resulting in 0.96 ounces per 100 cubic yards.
- 2023 gold production is a huge milestone for the company, as it looks to de-risk its revenues and complement its Ammolite production, and the company is on track to exceed its estimated gold production for the 2023 mining season
GEMXX (OTC: GEMZ), a publicly traded company specializing in producing and distributing gemstones and jewelry globally, is on track to exceed its estimated production for the 2023 mining season. This follows the recent successful completion of its second clean-out and recording of gold production at its Snow Creek Mine site, which yielded 172.3 ounces of gold from 18,000 cubic yards of material, resulting in 0.96 ounces per 100 cubic yards (https://ibn.fm/o5xVm).
This was the product of its ongoing collaboration with Crazy Horse Mining, Inc. (“CHMI”), in which GEMXX completed the acquisition of a 50% interest back in March 2023. The objective for the acquisition was to grow GEMXX’s long-term asset expansion plan, coupled with its goal to de-risk revenues, which the results achieved so far bring the company closer to achieving.
“Gold production from the Snow Creek mine helps to de-risk revenues, but most importantly, it complements our Ammolite production with the world’s most sought-after commodity,” noted Jay Maull, GEMXX’s CEO.
This further complements the company’s goal of expanding its gemstone and jewelry production by 300% year-over-year in response to growing demand. Already, the company, through its shopping channel division, is preparing to supply $5.5 million worth of Ammolite gemstones and jewelry over the next 12 months, an ambitious goal that its management is optimistic will be achieved (https://ibn.fm/UptJu). By producing its own gold, GEMXX looks to significantly reduce the cost of goods for its entire production line while bolstering the Ammolite segment.
This milestone demonstrates GEMXX’s commitment to creating shareholder value and its unique market positioning, specifically in the Ammolite gemstone mine-to-market segment. As the year progresses, the company looks to ramp up processing to 1,000 cubic yards of gold-bearing ore daily, ultimately enhancing its profitability and stamping its position as a market leader.
Those interested in participating through Reg A financing are encouraged to visit the company’s investor page (https://ibn.fm/oZND6) or contact company officials for more information (ir@gemxx.com – 702-930-1815).
For more information, visit the company’s website at www.GEMXX.com.
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ
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