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.

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True North Gems Inc

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Comment by redarTneJon Feb 02, 2016 1:49am

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Post# 24515111

RE:RE:Edison Update

I had a look. Not much of an update. I guess the reason this stock isn't going up with this news is that TGX failed to include a price per carrot estimate. China Stone says they are going to buy 7 mill worth of rubies, but how much is that? For all we know, that might be enough to buy all the rubies in the mine if they don't appraise well. Investors seem to be saying that something about this deal just doesn't sit well.

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