GEMXX (OTC: GEMZ), a leader in the Ammolite Gems mine-to-market segment, recently announced its acquisition of a 50% interest in the Canadian exploration company Crazy Horse Mining Inc. (“CHMI”). CHMI assets include 100% interest in two gold projects, Snow Creek and Rosella Creek, covering more than 700 acres. “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 most importantly, it complements our Ammolite production with the world’s most sought-after commodity,” said Jay Maull, GEMXX’s chief executive officer. “This will provide GEMXX with a significant reduction in the cost of goods for our entire gold jewelry product line and will bring 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.
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