GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold exploration, in collaboration with Crazy Horse Mining Inc. (“CHMI”), today announced successful completion of its second clean-out and recording of gold production at the Snow Creek site for the 2023 mining season. In partnership with CHMI, GEMXX has processed 18,000 cubic yards of gold-bearing ore at its Snow Creek mine. According to the update, production results have exceeded expectations, yielding 172.30 ounces of gold from 18,000 cubic yards of material, amounting to 0.96 ounces per 100 cubic yards. “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,” said GEMXX CEO Jay Maull. “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.”
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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.
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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