TGX Energy & Resources Inc V.TGX

Alternate Symbol(s): TNGMF

Metals & Mining Industrial Metals & Minerals

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.

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TGX Energy & Resources Inc

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Post by Dave4444on Sep 19, 2007 9:03am

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Post# 13424789

News today looks good.

Considering the ruby occurence extends to depth, albeit in narrow widths of about 2 meters. However 2 meters times 100 meters times 2,000 meters in length at a specific gravity of 2.5 gives about 1 million tons. And while for most mines 1 million tons is not much, for a ruby mine where the value is over $50,000 a ton, that results in a value in the $50 billion range. Which is not bad at all. Now this is just my guesswork and should not be relied on for making investments of coarse. But IMHO things look good.

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