Gold and Gemstone Mining Signs Letter of Interest to Purchase San Jose Mining Project
June 27 2014 - 8:00AM
Gold and Gemstone Mining Inc. (OTCQB:GGSM), a gold exploration and
development stage mining company focused on Mexico, for start of
exploration, exploitation and refining of Gold.
Ivan Mondragon, GGSM's VP and General Manager of Mexico
Operations, today commented, "I'm delighted to announce that this
mining potential can bring great opportunity to GGSM and its
shareholders. Mexico still has great unexplored land with a high
concentration of gold in the ground." Mr Mondragon then goes on to
state, "Before signing up with any land owners for the rights to
explore for gold it is extremely important to have the right local
partnership in place and this is where we see a future potential
opportunity by working together. The favorable condition for the
work of mining in Mexico is achieved by planning properly,
responsibly and transparently, working with highly qualified
workers. This is extremely exciting for our shareholders and us.
The potential in this zone is very large: Sinaloa state shares with
the Mexican states of Chihuahua, Durango and Sonora the great
mineral wealth of the Sierra Madre Occidental, with large reserves
of gold, silver, copper, lead, zinc, iron and nickel, and other
minerals; it's a privileged region. The metallic mineral production
in the state of Sinaloa has tripled in the last years and the trend
is upward, silver production from the Sierra Madre Occidental has
led Mexico to be the largest producer of silver in the world, the
quality of its gold and seriousness of producers, has caught the
attention of companies like Apple to integrate this mineral in
their electronic equipment. Gov. Mario Lopez Valdez, in the
framework of the World Mining Congress 2014 in Toronto, Ontario,
Canada, qualified Sinaloa as a safe and attractive destination for
mining investment. This opinion is based on increasing state mining
and confidence that reflects the entry of domestic and foreign
companies investing in the region, having around 1,500 mining
titles that occupy 1.4 million hectares, which around 1.3% are in
exploitation, in where around 80% are foreign mining companies,
principally Canadian, American, Australian and British. My personal
experience in the last years has led me to meet many mining
prospects that I know will be great projects, and they will be
considered for the long-term project."
FORWARD-LOOKING STATEMENTS: "Safe Harbor"
Statement under the Private Securities Litigation Reform Act of
1995: Statements relating to the company's business activities and
other statements in this press release are forward-looking
statements within the meaning of the Securities Litigation Reform
Act of 1995. Such statements are based on current expectations
about the Company's business. Words such as expects, anticipates,
intends, plans, believes, estimates and similar words and
expressions are intended to identify such forward-looking
statements. These statements involve risks that are difficult to
evaluate. Actual results can vary from descriptions herein due to
many factors including changes in metal prices and business
conditions; changes in laws and regulations; problems encountered
in exploration and obtaining permits; changes in the competitive
environment; technological advances; shortages of skilled workers,
drill rigs and equipment; the need for additional capital and other
risks listed in the Company's Securities and Exchange Commission
filings under "risk factors" and elsewhere. Forward-looking
statements speak only as of the date they were made. The Company
does not undertake any obligation to update forward-looking
statements.
CONTACT:Investor Inquiries:
info@ggsmining.com
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