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.
True North Gems Inc. (TSX VENTURE:TGX) is pleased to announce that it has signed an agreement with Leonhard Nilsen & Sonner A/S ("LNS Group") and LNS Greenland A/S ("LNSG") under which the ...
NEWS RELEASE: TRUE NORTH GEMS SECURES US$4 MILLION IN FINANCING FOR THE AAPPALUTTOQ RUBY PROJECT IN SW GREENLAND. September 3, 2015 August 27, 2015. ... True North Gems (Greenland) A/S ("TNGG"), from True North for a purchase price of US$4,000,000 (approximately CDN $5,300,000). ...
TNG has a 93% interest in the Aappaluttoq property and LNS Group have a 7% interest in the project. The site is located on Exploitation License No. 2014/21, which is registered with the Government of Greenland to True North Gems Greenland A/S, a subsidiary of True North Gems This licence is a 30Inc. -year exclusive mining licence
True North had two parallel strategies - financing at a True North Gems Greenland A/S ("TNGG") project level, and financing at the corporate TNG level.
True North Gems shall encourage the formation of alliances and joint ventures between foreign enterprises and Greenland enterprises (Art. 11). True North Gems will outsource the transport and service of the camp to local business (Appendix 2). True North Gems shall offer corundum (ruby and sapphire) for local sale at market prices (Appendix 9).
True North Gems has secured $4 million in financing in support of its Aappaluttoq Ruby Project in Southwest Greenland. This latest round of financing comes from Greenland Venture, which has purchased 7 percent of the shares of True North's …
CLIENT: True North Gems (TNG/LNS) PROJECT: Aappaluttoq Mine Dense Media Separation (DMS) Plant PROJECT TYPE: Greenfield LOCATION: Greenland COMMODITY: Rubies SERVICE SCOPE: EPC THE CHALLENGE. To design, supply and install a DMS pre-concentration plant at a ruby processing operation in Greenland. Due to the remoteness of the project, it was critical for the design …
Instead, TNG should back Greenland's artisanal gemstone miners, reaching from mine to market though generous beneficiation grants, local training, and local hiring. TNG's success in their Greenland ruby project can be best assured by tying their own fate to that of the artisinal miners, assuring the viability of their economic activity.
Greenland Ruby gems and gem-set jewelry are also on sale in Greenland, by private appointment, from the miner's offices in Nuuk. The company has launched a broad-based marketing program to introduce Greenland Ruby gems to the world, via collection launches with jewelry houses and brands, trade show participation, press, and social media ...
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 of Greenland's capital, Nuuk.
Minerals and Gems - Suppliers and Shops in Greenland. Search by Category. Mineral and Rock Specimens in Greenland; High-end Collector Mineral Specimens
Greenland Venture will invest a total of 4.5 million DKK (approx $800,000 CAD) with True North's wholly owned Greenlandic subsidiary True North Gems Greenland (TNGG). Working capital and loan These funds will be utilized for general working capital and will also facilitate the public hearings and other Greenlandic matters during the final ...
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.
A Chinese mining firm that took over a planned $2 billion iron ore mine project in Greenland is unlikely to develop it as long as iron prices remain low, …
True North Gems Inc. is pleased to announce the results of the updated pre-feasibility study on the Aappaluttoq Ruby and Pink Sapphire Project in Southwest Greenland. True North contracted Tetra ...
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 27, 2013) – True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") announces it has entered into a financial agreement with Greenland Venture A/S ("Greenland Venture"), the largest private equity fund in Greenland. Greenland Venture will invest a total of 4.5 million DKK (equivalent to approximately $800,000 CDN ...
A surface showing of pink sapphire and ruby mineralization at True North Gems' Kigutilik gemstone project in Greenland. (Image by True North Gems). Though 80% …
North · AWG 2016 Northern GEMS: Greenland IT company goes from AWG to international stage. ... Beginning as a small, one person project, GEMS now has three dedicated, full-time programmers. Kimik ...
True North Receives $10 Million Finance Package for Greenland Ruby Project. By santAdmin Sep 18, 2014. By Danielle Max IDEX Online News. Junior exploration company True North Gems Inc. and its operating subsidiary in Greenland, True North Gems (Greenland) (TNGG) are to receive more than C$11 million ($10.03 million) in financing.
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. Terms of the deal were not disclosed.
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 ...
The mining project in Greenland started in 2012, when LNS acquired Greenland Mining Services (GMS). LNS Greenland (LNSG) was part-owner of True North Greenland AS, which was also owned by Canadian True North Gems. LNSG and Greenland Venture took over the mining license in Aappaluttoq following TNGG's bankruptcy in 2016.
True North Gems believes its Aappaluttoq site, located near the village of Qeqetarsuatsiaq in southern Greenland, contains an indicated resource equal to about 59 million grams, or 296 million carats of rubies and sapphires. An additional inferred …
True North Gems Begins Mining at the Aappaluttoq Ruby and Pink Sapphire Deposit December 03, 15 by Danielle Max (IDEX Online News) – True North Gems Inc. has begun mining operations at the Aappaluttoq ruby a nd pink sapphire deposit in southwest Greenland.
In that context, True North Gems' Aappaluttoq Ruby Project is coming on stream at just the right time for the ruby market, which is worth $2.1 billion annually. Basically, ruby is a form of aluminium oxide (Al2O3), or corundum, which at nine on the Mohs scale sits just …
true north gems updates greenland ruby project with 43-101 report March 31, 2009 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.
Goal: Greenland Ecosystem Monitoring (GEM) is a long term monitoring programme operated by greenlandic and danish research institutions. GEM has over the …
The True North Gems Inc. has been involved in the Fiskenaesset ruby project on the southwestern coastal regions of the country and has declared an estimated ruby resource of about 296 million carats. From a 30t sample, single pink sapphire was valued at $460 per carat and single ruby was valued at $3,220 per carat.
The mining project in Greenland started in 2012, when LNS acquired Greenland Mining Services (GMS). LNS Greenland (LNSG) was part-owner of True North Greenland AS, which was also owned by Canadian True North Gems. LNSG and Greenland Venture took over the mining license in Aappaluttoq following TNGG's bankruptcy in 2016.
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