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About The CompanyGem International Resources Inc. (GI - TSX.V) is a Canadian based junior exploration company focused on providing sustainable growth and value to its shareholders through the strategic acquisition, exploration and development of viable mineral properties. The Company's recent acquisition includes properties in the Handeni district of Tanzania, near the Canaco property. Management has been successful in establishing a significant land position contiguous to the West and South of Canaco Resources' "Handeni" gold discovery. The Company, through it's wholely owned subsidiary, Sierra Exploration and Mining Limited (‘Sierra”), has entered into a Sales Agreement to acquire a 100-per-cent interest in two gold projects located in the Handeni District of Tanzania. The projects encompass Prospecting Licenses PL7403/2011 and PL7456/2011, containing a total area of 84.52 square kilometers located at Mbwego area and Swagiro/Magamba area in the Handeni District respectively. The Handeni Gold District in eastern Tanzania contains numerous artisanal gold discoveries and continues for several hundred kilometres. A significant gold discovery by Canaco Resources Inc. (CAN -- TSX.V) on their Handeni Project has recast the area into a new gold frontier and has drawn considerable attention to the Handeni Gold District with one reported drill intercept of 48.6 metres of 14.81 g/t gold (December 6, 2010). Throughout 2010 Canaco's share price has risen from a low of $0.36 to a high of $6.45. Canaco continues to undergo a major diamond drilling program. Gem International Resources Inc. is committed to successful and sustainable growth through responsible environmental, social, financial, political and operational management of its shareholders' assets. |
Latest News Releases
March 26, 2012Gem International 4,005,000 share private placement
Read the full release February 9, 2012Gem Announces Private Placement
Read the full release January 10, 2012Gem International Acquires 100% Of A Strategic Handeni Gold Project Contiguous To Canaco Resources Handeni ProjectRead the full release See Location Map |
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