- GEMXX recently announced that new investments had strengthened its financial position and would allow it to attract further investment over the next 12 months
- The announcement followed the acquisition of a 50% ownership stake in Crazy Horse Mining Inc., whose assets include a 100% interest in the Snow Creek and Rosella Creek gold projects in British Columbia
- Initial production results on the Snow Creek site prop GEMXX to scale up gold production, having announced plans to ramp up processing to approximately 1,000 cubic yards of gold-bearing ore per day
GEMXX (OTC: GEMZ), a publicly traded vertically integrated company specializing in producing and distributing gemstones and jewelry globally, using its own gold and Ammolite mining resources, is already seeing a return on key investments. Stemming from its ambitious growth plan, the company has ventured into untapped markets, exploring acquisitions and further integrating critical services, distribution networks, and retail outlets into its fold, all of which have shown great promise from a return on investment (“ROI”) standpoint.
As the only public company doing what it does, specifically engaging in Ammolite mining worldwide, GEMXX represents several firsts, including charting the path for other players in its industry. As it owns its reserves, the company currently enjoys a significant cost-saving edge over other producers in the gemstone and jewelry market, a leverage that allows it to explore other ambitious investment opportunities.
Just recently, GEMXX announced that new investments had strengthened its financial position, providing new energy to fulfill its growth strategy for the year. It also noted that the strengthened financial position would aid in situating the company’s market positioning, allowing it to attract further investment over the next 12 months. This followed the acquisition of a 50% ownership stake in Canadian gold mining company Crazy Horse Mining Inc., with an estimated recovery rate of 100,000 ounces of gold from its sites.
“We are tremendously pleased with the development of the Company over the past several months, and we are extremely excited for the anticipated growth,” noted Jay Mauli, GEMXX’s Founder, Chairman and CEO (https://ibn.fm/DoPh9).
Crazy Horse’s assets include a 100% interest in the Snow Creek and Rosella Creek gold projects, both spread across more than 700 acres in British Columbia. On August 15, GEMXX announced the completion of its first clean-out and recording of gold production on the site for the 2023 mining season. A 4,500-cubic-yard sample of gold-bearing surface ore was processed, ultimately providing a “positive indication of the resource potential on the property” (https://ibn.fm/DSrjg).
Most notably, the initial production results yielded 38.73 ounces of gold from 4,500 cubic yards of surface material, amounting to 0.86 ounces per 100 cubic yards. These results prop GEMXX to scale up gold production, having announced plans to ramp up processing to approximately 1,000 cubic yards of gold-bearing ore daily.
Through investments such as these, coupled with executing its overall business plan, GEMXX is positioning itself as a market leader. Additionally, it is inching closer to being fully integrated from mine to market while readying itself for any economic condition. Most importantly, these moves indicate the company’s commitment to creating shareholder value.
“We intend to do everything necessary to drive shareholder value,” noted Mr. Mauli.
Those interested in participating through Reg A financing are encouraged to visit the company’s investor page (https://ibn.fm/scLU3) 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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