True North Gems Inc.
TSX VENTURE : TGX

True North Gems Inc.

February 26, 2008 09:00 ET

True North Gems Exports Greenland Ruby Concentrates

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - True North Gems (TSX VENTURE:TGX) is pleased to announce the receipt of the necessary permits from the Bureau of Mines and Petroleum (BMP) required to export the Company's processing plant rough concentrates, bulk samples, channel samples and drill core and the successful and secure delivery of all of these samples to the Company's sorting laboratory and independent, commercial processing facilities located in Canada. The samples and rough concentrate originate from the Company's 110 square kilometre Fiskenaesset ruby exploration license located on the southwest coast of Greenland.

As reported on January 15, 200, the rough concentrates generated during the 2007 processing in the Fiskenaesset facilities are summarized as follows:



Rough Concentrate Wt
Sample Location and Type (kilograms)
Aappaluttoq 2006 Bedrock(i) 22.72
Kigutilik 2006 Bedrock 345.24
Aappaluttoq 2006 Overburden 4.16
Aappaluttoq 2007 Overburden 3.30
Aappaluttoq 2007 Bedrock 133.50
Siggartartulik 2007 Bedrock 65.18
-----
Total 574.10

(i)2007 plant commissioning carried out successfully using 5.3 tonnes of
tailings from the 2006 processing


All of the rough concentrates were sealed and delivered by helicopter, under BMP oversight, to Nuuk and were forwarded by an international bonded maritime carrier, and by secure air shipment to Canada. Delivery of the rough concentrates to True North's Vancouver laboratory for primary sorting was completed on January 4, 2008. All rough concentrate parcels were thoroughly inspected and weighed, and chain of custody documentation was completed by True North's Qualified Person and Wardrop Engineering.

The unprocessed bulk samples, drill core, as well as rock and channel samples from the 2007 exploration program were sealed and delivered by ferry to Nuuk, locked and sealed into four shipping containers, and forwarded by container ships to Canada. Sealed containers of bulk samples and drill core were delivered to SGS Minerals Services facilities in Lakefield, Ontario and Delta, British Columbia in December 2007 and January 2008, respectively. All samples were inspected on receipt and chain of custody documentation was completed by True North, SGS and Wardrop Engineering.

The largest of the sample included the 27.8 tonne Aappaluttoq bulk sample, blasted from bedrock, which was not processed in Fiskenaesset but shipped in forty sealed one-tonne bags locked within the above noted shipping containers. The process flowsheet at SGS Minerals Services in Lakefield, Ontario which will be used on this sample includes primary rock breaking, three stages of iterative crushing with intervening stages of hand sorting, and two stages of dense media separation and magnetic separation. Processing is now underway and results will be provided when available.

Drill core, from the Aappaluttoq, Sarfaq and Ridgetop occurrences were delivered to SGS in Delta, British Columbia. Mineralized core intervals of the Host Zone from the Aappaluttoq occurrence will be examined in detail and sampled during January 2008, under the supervision of Wardrop Engineering. Core samples collected will be processed for the extraction of the ruby and pink sapphire at an independent commercial laboratory. Thirty-two mini bulk and channel samples weighing a total of 3.4 tonnes was collected in 2007 and also shipped to Canada. These samples were collected by diamond chain saw, and represented mineralized intervals exposed in bedrock from the Mikisoq, Sarfaq and Ridgetop prospects, all located along strike from Aappaluttoq, and Siggartartulik, Pupiq, Upper Angnertusoq East, and the Kangarssuk Main and East Occurrences. Processing of the samples and primary ruby sorting is scheduled during the first quarter of 2008 and results will be provided when available.

Process flowsheet design for the drill core and channel samples is underway at SGS Minerals Services, Lakefield, Ontario.

The planning and execution of the ruby exploration and quality control programs at the Fiskenaesset Ruby Project are under the supervision of Greg Davison, True North Gems' VP Exploration. Mr. Davison is a Qualified Person as defined by National Instrument 43-101. Wardrop Engineering, an internationally recognized engineering firm, is engaged as Independent Qualified Person to provide site due diligence, quality assurance, and preparation of a Preliminary Assessment of the Aappaluttoq ruby occurrence.

Information about True North Gems and the Fiskenaesset Ruby Project, including photos and videos, can be viewed at the Company's website www.truenorthgems.com or at www.sedar.com.

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. In Greenland, the Company holds a 100% interest in the Qaqqatsiaq ruby property and has the rights to earn 100% interest in the Fiskenaesset ruby and pink sapphire property. In Canada, True North Gems holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property, 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 43-101which 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.
    Greg Davison
    Vice President Exploration
    (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
    Email: ken@truenorthgems.com
    Website: www.truenorthgems.com