True North Gems Inc.
TSX VENTURE : TGX

True North Gems Inc.

March 31, 2009 15:43 ET

True North Gems Updates Greenland Ruby Project With 43-101 Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - True North Gems (TSX VENTURE:TGX) is pleased to announce an update on 2008 exploration results from the company's 823 km2 Fiskenaesset Ruby Project on the southwest coast of Greenland.

Geological modeling of the results from 2007 and 2008 drilling on the Aappaluttoq ruby and pink sapphire prospect has now been completed. The geological modeling of the Host Zone indicates that ruby and pink sapphire occur contiguously within an area of alteration known as the Host Zone; a tightly folded series of distinct zones of phlogopite and pargasite-enriched alteration that occurs at the contact between ultramafic and anorthositic rocks. The Host Zone has been found in drilling as part of the Aappaluttoq exposures seen on surface, as well as at depth in what is known as the Aappaluttoq Deep Zone, a separate body of alteration and mineralization not identified at surface but could possibly be exposed beneath an adjoining small lake. An estimation of the volume of ruby and pink sapphire (corundum) within this Host Zone alteration is presently in progress and will be reported when available.

Exploration of the other known ruby occurrences in the Fiskenaesset District has provided encouraging results. Additional mapping has indicated that several of these occurrences have potential strike and width continuity and contain ruby crystals that could yield gem quality material. In particular, the Siggartartulik and Kangarssuk occurrences have developed as targets with significant size and ruby quality to warrant further bulk sampling and diamond drilling. The summer field program also discovered an additional significant ruby occurrence in the district, Tasit Marluk, bringing the total known ruby occurrences and major prospects to thirty one (31) in this large District. These numerous prospects warrant additional mapping and sampling.

The exploration updates for the 2008 exploration and pre-feasibility program are part of a 43-101 report entitled "2008 Report on Field Activities for the Fiskenaesset Ruby Project, Greenland" authored by Bonnie Weston, P.Geo., G.G., A.J.P.. Copies of this report and other technical and corporate information is available on the Company's website, www.truenorthgems.com, or on SEDAR 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. 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
    Email: info@truenorthgems.com
    Website: www.truenorthgems.com