True North Gems Inc V.TGX

Alternate Symbol(s): TNGMF

Metals & Mining Industrial Metals & Minerals

True North Gems Inc. is engaged in the exploration and evaluation of natural resource properties in Canada. The Company's properties include True Blue, Cobalt Hill, Chuchinka rare earth element (REE), Decelles and The Nabikok. The True Blue Property comprises around 303 claims located 55 kilometers (km) south of Ross River, Yukon. The Cobalt Hill Property, a base and precious metal prospect, is located five km east of Castlegar in southeastern British Columbia covering an area of over 562.5186 hectares. The Chuchinka REE property is a grassroots REE exploration prospect covering an area of over 562 hectares, which is located four km north of the Defense Metals Corp. REE discovery known as the Wicheeda rare earth element deposit, in British Columbia. The Decelles property consists of around 215 claims. The Nabikok Property is an early-stage lithium-bearing spodumene pegmatite prospect comprised of 155 exploration claims, located in the eastern region of the Abitibi Belt, Quebec, Canada.

TSXV:TGX - Post by User

True North Gems Inc

Bullboard Posts

Comment by vssmnnon Feb 20, 2012 1:44pm

297 Views

Post# 19557997

RE: Another Greenland junior

>>>Pending on exploitation permit TNG intends to begin construction in 2012 with the
extraction of the ruby ore beginning in late 2012 or 2013. The initial pit will grow to
be approximately 200 meters long by 100 meters wide and 70 meters deep. Mining
will be done mostly with low-intensity blasting techniques that are common in the
diamond mining industry. Most of this rock will not contain ruby or pink sapphire but
will be waste rock which has to be moved to access the rock containing the ruby and
pink sapphire. The level of the lake will be lowered at least 10 metres to allow
access to the ore body.<<<

https://www.truenorthgems.com/upload/pdfs/DraftTermsofReferenceEnglish.pdf

Bullboard Posts

Top 3 aerospace and defence stocks to buy on the TSX