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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 Privetton Nov 04, 2008 2:04pm
457 Views
Post# 15565771

Confidence in TGX

Confidence in TGXThere seems to be a little more confidence in TGX with the raising of the $1 million.  Always a bit of worry when a company is at the mercy of having no cash.  Also insiders were buying more of the placement.  The think that intrigued me was also the change in view of the future with a focus on permits and development without having to do more expensive exploration.   It seems to be rich enough to progress to development but where is the resource estimate to back up the financing.  Perhaps some of it may come from the inventory on hand.   It will be extremely interesting to see how the management chooses to procede over the next year.  obviously financial frugality will be important. 
Bullboard Posts