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True North Gems Inc. (TGX:CA)
Who We Are
True North Gems (TSX-V: TGX) is a public junior exploration company dedicated to the
exploration and development of coloured gemstone deposits in North America.
Currently True North Gems' assets include rubies in Greenland, sapphires on Baffin
Island (Nunavut), and emeralds in the Yukon.
Our Focus
True North is currently focused on the Fiskenaesset Ruby Project in Greenland.
Work on the project began in 2004, and our primary occurrence, Aappaluttoq, was
discovered in 2005. Bulk sampling and diamond drilling have been completed on
the property, and True North is currently engaged in the permitting process to
develop Aappaluttoq into a ruby mine.
Greenland: A new Source of Rubies on the Horizon
- 925 km2 property
- 270 tonnes extracted to date
- 1.97 kg/tonne (9,685 carats/tonne) gem from 2006 bulk sample
- 8.1 kg of rough ruby valued at $4,167, and 5,224 carats of polished ruby valued at
$123,223 (1/8th split samples from 30 tonne sample collected in 2006) - Individual rubies valued up to $3,220/carat and pink sapphires up to $460/carat
Coloured Gemstone Sector - Poised for Significant Growth
- Annual global market is US$2.1 billion
- Market research states global gemstone industry poised for growth over the next
decade - Red is a cultural symbol of wealth and good fortune, leading to demand in China,
India, and Eastern Europe for coloured gemstones - Strong growth in pink sapphire demand – tagalong effect from growing ruby
market - 80% of the global trade in rubies comes from Burma (Myanmar)
- Current trade embargos against Burmese rubies in the US and the EU have
increased demand for certifiable sources of ruby
Unlocking the Value of True North Gems
- True North Gems will be the owner/operator of the first ethically producing ruby
mine following guidelines set for fair trade practices - Additional successful bulk sampling
- Application for an exploitation (mining) permit
The Opportunity for Investors - Potential to supply high-demand natural resources needed for the global fine
jewellery industry - Exploration to Mine Development
- Independent Engineering
- Bulk Sample Valuations
- Near-term cash flow through sales of production to the Gemstone Industry
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