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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

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Post by ESSETon Mar 22, 2016 1:42pm
136 Views
Post# 24688733

TGX

TGX
https://www.highnorthnews.com/rubiner-skaper-stolthet-og-glede/ Rubies creates pride and joy 0 The first annual report of ruby mining company TNG Greenland was presented with pride and joy the other day. "A brilliant collaboration," says the local mayor. There was no end of praise when it partly Norwegian-owned mining company True North Gems Greenland (TNGG) presented its first report of activities a short time ago. Very proud mayor The report, which covers the period after the tripartite agreement between TNGG, the municipality and the Greenland government was signed in 2014 and until the end of 2015, states among other things that the company has only used Greenlandic labor. This like the mayor of Kommuneqarfik Sermersooq, Asii Chemnitz Narup: I'm very proud that the project has employed so many of my countrymen, and used so many local businesses from the municipality. I interpret this as an expression of the strong local commitment TNGG have shown throughout the construction phase, says Narup. And very happy minister Vittus Qujaukitsoq, who is minister for trade and industry, labor, trade and foreign affairs in the government (Naalakkersuisut) expresses the same. He says while he hopes that; -TNGGs Good results could inspire other mining companies to make an extra effort to ensure local employment. This has TNGG achieved through commitment and obligations, says Qujaukitsoq, adding that he and the government are looking forward to continued good cooperation with the mining company and the municipality. High unemployment in the industry The success of taking the local workers is undoubtedly a consequence of the very high unemployment in the construction industry in general, and specifically in the Sermersooq municipality, said the report from TNGG. The mining company, and the Norwegian-owned joint venture partner LNS Greenland, has received a total of 400 work applications without having announced a single position. The highest number of employees in the current period, which mostly have gone to build up the necessary infrastructure, has been 79 - and all the words of Greenlandic descent. In a municipality with 189 residents, this is a significant workplace. Finally: A proud director The Greenlandic director of TNGG, Bent Olsvig Jensen, is not less gald and proud than the Mayor and Council. I am proud that we have succeeded in making the project a Greenlandic mining project, thus embodying our vision of developing this mine in cooperation with our compatriots, says Olsvig Jensen. big numbers The figures in the report of TNGG shows an expected turnover for the mine of just over 3.1 billion Danish kroner, and that it will provide a total income for the Greenlandic community of just over one billion DKK over the nine years it is estimated that the mine's life. Other articles on ruby mine in Greenland High North News:
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