- GEMXX in September signed a binding letter of intent to acquire a 50% interest in the historic Yukon Gold Project, which holds 2,210,660 ounces of proven gold resources, and potentially holds a total of 4 million ounces of gold
- The company recently updated the progress made in the review and verification of previously completed exploration work as part of the due diligence process to purchase the Yukon Gold Project property
- GEMXX is also assessing the data to determine whether other minerals and/or rare earth elements are also commercially viable on the property
- The move to acquire the Yukon Gold Project property is part of GEMXX’s long-term asset expansion plan, which has also seen it acquire a 50% interest in an exploration company that owns 100% interest in two gold projects in British Columbia, Canada
GEMXX (OTC: GEMZ), a publicly traded, mine-to-market company that focuses on producing gold, gemstone, and jewelry from its own land resources, has this year intensified the execution of its long-term asset expansion plan, initially acquiring a 50% interest in Crazy Horse Mining Inc. (“CHMI”), a Canadian exploration company that owns 100% interest in two gold projects in British Columbia, Snow Creek and Rosella Creek, covering more than 700 acres (https://ibn.fm/B5mmQ).
“The acquisition of the Snow Creek and Rosella Creek gold asset portfolio enhances the company’s long-term asset expansion plan and helps to de-risk revenues, but more importantly, it complements our Ammolite production with the world’s most sought-after commodity,” said GEMXX CEO Jay Maull of the…
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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