True North Gems Inc.

True North Gems Inc.

August 29, 2005 16:18 ET

True North Gems Identifies a Ninth Ruby-Bearing Zone in Greenland

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 29, 2005) - True North Gems (TSX VENTURE:TGX) is pleased to announce the discovery of a 9th ruby showing on the company's 110 square kilometer ruby and pink sapphire property in the Fiskenaesset district, on the southwest coast of Greenland. The new discovery at Aappaluttoq ("Big Red") was made 16 August 2005 by Mr. David Turner and Mr. Thue Noahsen, two of True North's geologists and prospectors, while exploring detailed geologic targets.

The gem ruby at Aappaluttoq is exceptional and distinct from other ruby showings in the Fiskenaesset district in that it occurs as primary well-formed crystals. As such, this represents an entirely new style of ruby mineralization in the district. At Aappaluttoq, rich concentrations of ruby, with crystals measuring up to 4.0 x 0.9 cm are found in thin bands 1 to 4 cm thick.

At Aappaluttoq, rubies have been identified at the surface in a zone of prospective host rocks measuring 110 meters by 15 meters. The ruby zone is open in three directions. Three separate ruby-bearing horizons are exposed continuously over respective widths and strike lengths of: 1.5 x 22; 1.0 x 24; and 0.5 x 32 meters. The zone of ruby mineralization lies adjacent to an altered ultramafic rock which has been intruded by the Fiskenaesset layered anorthosite complex, the host to ruby mineralization throughout the 1200 square kilometer district.

Aappaluttoq lies 3.1 kilometres south of the Ruby Island ruby showing, which was mini-bulk sampled by True North in the summer of 2005. So far, 7 new ruby occurrences have been mapped within the continuous band of altered anorthosite which extends southward from Ruby Island to Aappaluttoq.

Ruby, a variety of corundum, is one of the rarest and most valuable gemstones on earth. It is a variety of the mineral corundum that acquires its attractive red colour from the element chromium. Chromium also induces fluorescence in the stone, making the ruby appear to glow from within. Large, high quality rubies can exceed diamonds in value and sell in the range of US $1,450-$25,000 per carat. Pink sapphire is a paler pink variety of corundum containing lower concentrations of chromium than ruby.

The planning and execution of the ruby and sapphire exploration and quality control programs at the Greenland Ruby Project are under the supervision of William Rohtert, True North's Chief Operating Officer. Mr. Rohtert is a qualified person as defined by National Instrument 43-101. Mr Rohtert also directly controls the gemmological grading and manufacturing experiments.

True North Gems is a public company listed on the TSX Venture exchange and is engaged in the exploration and development of North American coloured gemstone deposits. The company is a pioneer in Canadian coloured gemstone exploration and owns a 100% interest in the Yukon-based Tsa da Glisza emerald property and the rights to earn 100% interest in the Beluga sapphire property located on Baffin Island and the Fiskenaesset ruby and pink sapphire property in Greenland.

The Company relies on litigation protection for "forward-looking" statements.

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.
    William Rohtert
    Chief Operating Officer
    (604) 687-8055 or 1-800-399-8055
    True North Gems Inc.
    Ken Shortt
    Investor Relations
    (604) 687-8055 or 1-800-399-8055