True North Gems: Uncovering the World's Next Ruby …

Dec. 5, 2007 - PRLog-- Focused on its Fiskenaesset ruby project on the southwest coast of Greenland, True North Gems (TSX.V: TGX) is finding some of the most precious gems in the world.True North is the only publicly traded company in North America and one of only a handful in the world trading in coloured gemstones.

Greenland Rubies: What We Know At This Point | National ...

9/12/2017· The rubies and pink sapphires coming out of Greenland are about ready to make their debut. Greenland Ruby officially announced the start of production at Aappaluttoq in May, making headway on a project that stalled after the former owner of the license to mine the site, True North Gems, ran into financial troubles. Aappaluttoq is Greenland's first corundum mine, located about 155 miles south ...

True North Gems updates Greenland precious-gem project …

An updated prefeasibility study (PFS) on Canadian project developer True North Gems' Aappaluttoq ruby and pink sapphire project, in Southwest Greenland, has presented positive results, revealing ...

True North Gems Signs Partnership Agreement to …

11/20/2012· True North Gems Inc. is pleased to announce the signing of a Letter of Intent with Greenland Mining Services A/S . Under this agreement GMS will provide the majority of …

Greenland gem mining operations emphasise fleet ...

A fleet of construction machinery has been working successfully for LNS Greenland AS (LNSG) at its mining operations in southwest Greenland. LNSG operates a mine at Aappaluttoq on behalf of Canadian company True North Gems Inc (TNG), which has a license to mine rubies and pink sapphires at the site for the next 10 years.

Greenland Ruby - Vienna Gem Center - News

Greenland Ruby In our last newsletter we wrote about the Ruby deposits in Mocambique, where production is expected to start at the end of the year. Today we report about the Aappattuloq Ruby project in Greenland, owned and operated by the Canadian company True North Gems Inc., headquartered in Vancouver.

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True North Gems Rings in the New Year with the …

Jan. 17, 2008 - PRLog-- Investors in True North Gems (TSX.V: TGX) were treated to a rare gift this Christmas past when the company reported the discovery of a new sapphire prospect complete with a 139 carat blue sapphire on its Beluga sapphire property in Nunavut, Canada.The prospect is located on the south shore of Baffin Island, approximately six hundred km west of the company's Greenland ...

True North Gems Sells Interest in Bandito Project to ...

True North Gems Inc. (TSXV:TGX) announced that it has sold its interest in the Bandito project in the Yukon Territory to Endurance Gold Corporation (TSXV:EDG) for a combination of shares and cash.

True North Gems - Ruby mining in Greenland - YouTube

11/26/2007· True North Gems doing some search tests in the Aappaluttoq site in Greenland. A few years ago they discovered a 440-carat ruby crystal there, and it was cut into an impressive 302-carat carving.

First ruby and pink sapphire mine coming soon to …

10/31/2014· Based on the GemVal index for the gem, its value has almost doubled in the past ten years and sapphire prices are up about 65%. Images courtesy of True North Gems . 2725 1

GEOLOGY AND ORE - eng.geus.dk

GREENLAND Fiskenaesset Project 8 True North Gems 02 4 kilometres RUBY OCCURRENCES Surface Plan Scale: 1:200000 Drawing: Projection: UTM Zone 22, Northern Hemisphere (WGS 84) Date:28/11/2006 Author: B. Weston Office: Vancouver GEOLOGY AND ORE 7 / 2007 Greenland GEMSTONES OF GREENLAND Map of ruby occurrences in the Fiskenæsset area. Courtesy ...

True North Gems Signs Definitive Agreements to Fund ...

8/13/2013· The transactions discussed above are subject to the acceptance of the TSX Venture Exchange. About True North Gems Greenland A/S: True North Gems Greenland A/S is the Company's operating subsidiary ...

TRUE NORTH GEMS INC.: 2009 ADVANCED FIELD …

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 owned Fiskenaesset Ruby Project located on the southwest coast of Greenland. The strategic focus of the 2009 program …

True North Receives $10 Million Finance Package for ...

9/18/2014· In March, the government of Greenland awarded True North Gems Inc. an exclusive 30-year mining license for the Aappaluttoq ruby deposit. Under the terms of the mining license, True North has agreed to pay a gross revenue royalty to the government of Greenland of 5.5 percent on all sales of rubies and pink sapphires exploited from the deposit.

True North Gems' 'Big Red' Greenland Ruby Occurrence …

The Fiskenaesset Ruby Project consists of 110km2 of land on the southwest coast of Greenland, about 160km south of the capital Nuuk. True North has an option to own a interest on the claims. The company has actively explored the property since acquiring it in 2004.

New Greenland Ruby Mine Owner Begins ... - National …

5/26/2017· The area originally was being mined by True North Gems, but the company entered into voluntary bankruptcy in September. The mining license for the Aappaluttoq Ruby Mine then was awarded to LNS Greenland, an investor in the project, after it made a bid.

North Norwegian Corporation has Opened Ruby Mine …

5/22/2017· When the North-Norwegian company a few years ago joined the Greenlandic mining project, it started out as an operator and minority shareholder. Nevertheless, True North Gems Greenland (TNGG) went bankrupt last fall. Only ten days later, Leonhard Nilsen & Sønner Greenland AS (LNSG), a subsidiary of LNS, bought the bankrupt estate.

True North Gems Completes 2011 Yukon Field Program

True North Gems Page 2 True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and, currently in Greenland…

Gemstone industry in Greenland - Wikipedia

True North Gems is a Canadian company developing precious gem resources in Canada and Greenland. This investor relations video examines the exploration project…

Frozen Splendor: Gems and Minerals Near the Arctic …

Native Greenlandic Inuit were already familiar with ruby, but tugtupite, another red gemstone, was discovered in 1957 at Tugtup Agtakôrfia on the north coast of Tunugdliarfik Fjord, South Greenland. Limited quantities of this rare gem make tugtupite a collector's item.

Rubies are Red: Results Indicate Success at True North ...

True North is well-placed to become its coloured gem counterpart. According to the company's Greenland Ruby Project Fact Sheet, 2006 saw a Christie's St. Moritz auction set a new per carat record for ruby. An 8.62 carat ruby sold for $3.6 million US, or 425,000US per carat.

Fingerprinting of corundum (ruby) from Fiskenæsset, West ...

seeable future by the Canadian company True North Gems (Figs 1, 2A). Red corundum of gem quality is called ruby; gem quality corundum of other colours (e.g. pink, yellow or blue) is called pink sapphire, yellow sapphire etc., while the blue gem corundum is sapphire. Red, pink and blue corun-dum are also known in smaller quantities from other ...

True North Gems Signs Definitive Agreements to Fund ...

8/13/2013· About True North Gems Greenland A/S: True North Gems Greenland A/S is the Company's operating subsidiary in Greenland. The definitive agreements outlined in this release will result in True North Gems Inc. retaining approximately 80% of Greenlandic Operations. LNSG will own approximately 20% once their earn-in is completed. About LNS-Greenland A/S: