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MiningNewsBreaks – GEMXX Corporation (GEMZ) Releases Updated Status Report on Yukon Gold Project

GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold-exploration company Crazy Horse Mining Inc. (“CHMI”), is reporting on the progress made in its review and verification of the exploration work already completed on the Yukon Gold Project property along with the assessments quantifying the proven and potential gold resources. The company also noted that it has started discussions with the current owner/partner to conduct a pilot plant on the property in 2024. According to the report, work completed on the project includes trenching, exploration work, geological mapping and prospecting, ground magnetometer and induced polarization surveys, soil sampling and diamond drilling; the report indicated that the proven Yukon Gold Project could host an estimated four million ounces of gold. GEMXX is also reviewing the data to evaluate whether other minerals or rare earth elements are commercially viable on the property. The update noted that GEMXX has engaged a professional geological services company to assess the historical resource documents and data as well as update the information to meet current CIM reporting standards. Additional drilling programs or assay results will be included in the updated reports. “A pilot plant will test the parameters of new technologies, production systems and process technologies to support the sustainable scale-up of mineral processing and production methods,” said GEMXX CEO Jay Maull in the press release. “It will provide an opportunity to test flowsheet viability, equipment, and operations on a small scale before full production.”

To view the full press release, visit https://ibn.fm/muGsx

About GEMXX Corporation

GEMXX is a publicly traded, mine-to-market gemstone, gold 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 this company, please 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

About MiningNewsWire

MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

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