Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

TGX Energy & Resources Inc V.TGX

Alternate Symbol(s):  TNGMF

TGX Energy & Resources Inc., formerly True North Gems Inc., is engaged in the exploration and evaluation of natural resource properties in Canada. Its 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 (BC), covering an area of over 562.5186 hectares (ha). The Chuchinka REE property is a grassroots REE exploration prospect covering an area of over 562 ha, which is located four km north of the Defense Metals Corp. REE discovery known as the Wicheeda rare earth element deposit, in BC. The Decelles property consists of around 215 claims. 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.


TSXV:TGX - Post by User

Bullboard Posts
Post by ESSETon Dec 02, 2015 7:44pm
172 Views
Post# 24348746

TGX.v

TGX.vOpens the world's largest Artikkeltags Andoya News business and economy industry Sortland Of Mareno Leonhardsen Published: 29. November 2015, at. 2:00 pm Gunnar Moe in LNS Greenland point p beggrunn p Gr where it is possible nland find rubies. (Photo: LNS) PART Andy Soon start Ruby-hstinga in Leonhard Smith and sons (LNS) its rubinprosjekt in Greenland. -We are preparing now the first extraction of ore, as bygginga of process proceeding against travel to conclusion, telling the Chairman of LNS Greenland (LNSG), Gunnar Moe. It built roads, kai, helicopter landing area, living quarters and service facilities to sixty people, the engineering building and construction process. Efforts to establish a whole new mining in Greenland started in the spring of 2014. Since then, the people from LNS established a complete infrastructure towards the start of the trial production in these days. -It is always exciting when it approaches the startup, says Gunnar Moe. Started in 2011 Mining adventure started when LNS, Rana Gruber and LNS Spitsbergen bought the company Greenland Mining Services in 2011. The company is now fully fledged part of the LNS-LNS group-Greenland, which will operate the world's largest rubingruve in Greenland. In the weeks leading up to Christmas it should be extracted ore at the start of the work opprednings. The plant is expected to be fully installed and testkjrt by March, with the aim of full production against the spring, in line with the plans. When both the ore outlets and production of rubies be significantly greater than it would be in the winter. Tough winter -Difficult climatic conditions-first and foremost, a very tough winter in Greenland-delayed and fordyret project. This gave some challenges in the fall. In all of last year the people of winter fixed lived tent, in temperatures down to 40 degrees cold, with large amounts of snow and extreme wind conditions. In Greenland they say that it was the worst winter in 50 years. But no one complained because of that. Only mine It to start up a brand new business in Greenland, with demanding communication conditions, is at times challenging. It can be time consuming to get parts or expertise. -It takes six hours with fast-moving boat, or an hour by helicopter from the capital, Nuuk, where most of what you need can be obtained. But sometimes parts or items must be provided all the way from Denmark or Norway, and it takes time, "said Moe. When mine comes into operation, it will be the only active mineral business in Greenland, making that the LNS Greenland gets a lot of attention. -When we get in operation, this will be a milestone. The same thing when they first laid out the rubies in the market. The sale takes the peoples of True North Gems out of, a Canadian company that has this skill. Read more Leonhard Smith and sons and Rana Gruber adds first of all fixed-and mining expertise in the project, says Moe, and continues: Good mix -Combination LNS and TNG is very good, and I think this could be a model in other mining project. But the very difficult financial situation in the mineral industry makes enough that it probably will be many entrants in the next few years. Ruby-the adventure True North Gems (TNG) is a Canadian listed company. This company owns the LNS today about 10 percent of the shares in True North Gems. Greenland (TNGG) has the rights to bring out the rubies from Aapaaluttoqgruven that LNS is finished soon establish on the southwest coast of Greenland. TNGG is the property of LNS Greenland (27 percent), Greenland Venture and True North Gems (TNG). LNS owns a company in Greenland called Greenland LNS (LNSG). Greenland Venture has a smaller owner record in the LNSG. LNS is behind the investments in all infrastructure and building mass in rubingruva. LNSG has performed the work with the infrastructure (kai, roads, landing place, camp to 60, the workshop and the process building). Investments amounting to well over 100 million. Danish kroner. LNS has overall invested substantial funds in infrastructure and shares in the two companies TNG and TNGG. Gunnar Moe, Development Director of LNS is working Chairman of the LNSG. Magnus Kibsgaard (Chief Financial Officer of Rana Gruber AS) and Frode Nilsen (ceo in LNS) are both on the boards in both the LNSG and TNGG. LNS, LNSG, TNG and TNGG are in close cooperation. (Source: Mo Industrial park AS) When that happens, of course, would like to be a vendor LNSG of services to these. Rubinforekomsten in Aappallutoq is considered as the world's richest, according to the Moe. The planned withdrawal of ore a lifetime suggests nine years. -But we think there are more, "said Moe. Forces Greenland "We are also particularly pleased to have created jobs in Greenland. We show the authorities in Greenland that our investments provide big ripple effects, both in terms of jobs and attention. Over 90 percent of the staff are Greenlanders.We are increasing gradually the mining expertise in Greenland, which in itself is a target. -Rana Gruber has planned the day herding of the breakup, which is absolutely necessary for this to happen on an environmental and safe way. We will operate in accordance with 14001 standard, and will be certified after this during 2016, says Gunnar Moe in a message at Mo industrial park. -Modern mining must be environmentally friendly, otherwise it will not be sustainable without that as is the case. LNS will help significantly also on HSE side (health, safety and environment) in the time to come. International We believe in a good cooperation between Norway, Greenland and Denmark in the years to come, including through this project, concludes Gunnar Moe.
Bullboard Posts

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse