True North Gems Inc.
TSX VENTURE : TGX

True North Gems Inc.

October 06, 2009 12:53 ET

True North Gems Inc.: 2009 Advanced Field Program Completed at Fiskenaesset Ruby Project, Greenland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2009) - True North Gems (TSX VENTURE:TGX) is pleased to announce that the field related components of the 2009 advanced exploration and engineering program have been completed at the Company's 100% owned Fiskenaesset Ruby Project located on the southwest coast of Greenland. The strategic focus of the 2009 program was the acquisition of data required to support the Company's application for an exploitation (mining) permit to facilitate subsequent test mining and test marketing. The field program began in late July and concluded the first week of September and successfully achieved the following objectives:

  1. Completion of environmental baseline data collection in drainages in the Aappaluttoq prospect area and initiation of environmental studies;
  2. Significant advancement of pre-feasibility related engineering and capital cost studies coordinated by M.T Hojgaard;
  3. Shipping of the 160 tonne 2008 Aappaluttoq bulk sample and overburden sample to Canada for processing;
  4. Initiation of the processing for the 2008 Aappaluttoq bulk sample and overburden sample;
  5. Sampling of alluvial material from the margins of the north side of the Aappaluttoq peninsula in Lake Katrina;
  6. Re-interpretation of surface outcrops and logging of all drill core from the Aappaluttoq prospect area using Niton technology and revised geological interpretations;
  7. Bathymetric surveys of Lake Katrina to evaluate engineering alternatives and environmental studies. This lake immediately adjoins the Aappaluttoq prospect;
  8. Exploration of the Qaqqatsiaq license and follow up on the Fiskenaesset license of areas of interest identified in the 2008 season.

True North's management believes the 2009 work program has provided valuable technical information that will allow the Company to advance towards its goal of submitting an application for an exploitation (mining) permit for the Fiskenaesset Ruby project in Greenland. Furthermore the geological programme has enhanced the understanding of the ruby and pink sapphire occurrences in the Fiskenaesset district.

Ongoing exploration and development programs, and quality control programs at the Fiskenaesset and Qaqqatsiaq Ruby projects are under the supervision of True North Gems' technical team lead by Andrew Lee Smith, P.Geo., True North Gems' President and CEO, Rejane Amaral, M.Sc., FCGmA, Project Manager, Iain Groves, B.Sc., Senior Exploration Geologist, and Bonnie Weston, P.Geo., G.G., A.J.P.. Mr. Smith and Ms Weston are Qualified Persons as defined by National Instrument 43-101.

True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American and Greenlandic coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and, in Greenland, has the rights to earn 100% interest in the Fiskenaesset ruby and pink sapphire property, and holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut.

The Company relies on litigation protection for "forward-looking" statements. Certain technical information contained within this press release is 43-101 non-compliant by virtue of the fact that National Instrument 43-101 which governs public disclosure of technical information for mineral exploration properties in Canada is silent with respect to the exploration and technical disclosure of gemstone properties. The company employs high standards for the collection of geological information and exploration data, employs industry recognized professionals as qualified persons to provide oversight and management of the exploration programs and is committed to the implementation of QA/QC protocols to monitor the integrity of the technical information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

Contact Information

  • True North Gems Inc.
    Andrew Lee Smith, P.Geo.
    President and CEO
    604-687-8055 or 1-800-399-8055
    or
    True North Gems Inc.
    Ken Shortt
    Investor Relations
    604-687-8055 or 1-800-399-8055
    info@truenorthgems.com
    www.truenorthgems.com