Gold and GemStone Mining Inc. Finds New Gold Concession Potential
March 05 2013 - 8:32AM
Marketwired
Gold and Gemstone Mining Inc. (OTCQB: GGSM), an alluvial gold and
diamond exploration and development stage mining company focused on
Sierra Leone, West Africa, now has identified the first gold
concessions as a direct result from the Joint Venture Agreement
with Tell Mining Ltd.
Charmaine King, GGSM's CEO, today commented, "Tell Mining Ltd
has signed a contract which entitles Tell Mining Ltd. to conduct
small scale mining activities on a site in the Atiwa district
Eastern region of the Republic of Ghana. The Ministry of energy and
minerals has allocated eight x 25 acre blocks to Tell Mining Ltd.
This will allow the company to operate alluvial and diamond mining
on the blocks."
She furthermore states, "With this new JV agreement we have
signed with Tell Mining Ltd., we will be looking forward to working
together on this new gold and diamond mining opportunity. The
coming week we will be conducting due diligence on the geological
reports but so far it seems very promising."
About Tell Mining Ltd. Tell Mining Ltd. is
a junior early stage mineral discovery company, which focuses on
West Africa, and Ghana in particular. The company was incorporated
in 2008. Since then, Tell Mining Ltd. Has been active with several
cooperation partners -- both with African and international
companies. The company is ongoing and has several mining concession
rights in Ghana.
About Gold and Gemstone Mining Inc. Gold
and Gemstone Mining, Inc. is an exploration stage company that will
engage in the acquisition, exploration, and development of Diamond
and Gold properties around the world. Integral to our plan is to
form strategic alliances and joint ventures with gold and diamond
mining companies.
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.
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Contact Information: www.ggsmining.com Investor Relations
Morningstar Corporate Communications USA toll free 1 (888) 551-4115
or NY Local 1 (646) 405-4805 ggsm@mscorpcommunications.com
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