GEMXX Corporation announce its collaboration with Crazy Horse Mining Inc. has successfully completed its second clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining season. GEMXX, in partnership with CHMI, has processed 18,000 cubic yards of gold-bearing ore at its Snow Creek mine. The 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.

CHMI?s principal Canadian gold exploration assets include the Snow Creek and Rosella Creek projects, as well as additional options on mining claims located in British Columbia. The Snow Creek project encompasses 498 acres, with approximately 80% being mineable, while the Rosella Creek project covers 240 acres, with an estimated 90% being mineable. Three initial 100-cubic-yard test runs have been completed on the Snow Creek project, returning excellent results of 1.07, 1.08, and 1.12 ounces respectively.

The Snow Creek project boasts well-defined mineral resources with a 0.94:1 overburden to pay ore ratio. From initial testing, indications are that the properties could yield over 100,000 ounces of easily recoverable gold, which will be verified by an S-K 1300 compliant Resource Report this year. GEMXX and CHMI will jointly share the costs and gold produced from the project.

The Company continues to ramp up processing to 1,000 cubic yards of gold-bearing ore per day, further bolstering production levels and enhancing profitability.