DRAPER, UT -- (Marketwire) -- 03/05/13 -- 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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