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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About GEMXX Corporation
GEMXX is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution. GEMXX is a leading producer of top-quality finished ammolite and ammolite jewelry. The company’s world-class gemstone cutters and jewelry designers are continuously leading the ammolite industry in new and exciting directions. The company’s management team is made up of the industry’s leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience. For more information about the company, visit www.GEMXX.com.
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