True North Gems Engages Wardrop Engineering as Independent Consultant for Preliminary Assessment of Greenland Rubies
Tuesday May 29, 3:00 am ET
biz.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2007) - True North Gems (TSX VENTURE:TGX - News) is pleased to announce the engagement of Wardrop Engineering Inc. (Wardrop) to act as independent consultants for the completion of a Preliminary Assessment of the Company's Aappaluttoq Ruby Project located near the village of Fiskenaesset on the southwest coast of Greenland.
Wardrop has been active in the mining industry since early 1960, delivering critical engineering and environmental services to an impressive list of mining clients with projects around the globe. Within the last five years Wardrop's mining division has grown to over 300 professionals in geology, mining, processing, multi-disciplined engineering and support services. Wardrop is known for success in assisting the junior mining industry move development projects forward from grassroots exploration, to pre-feasibility, feasibility, detailed engineering, procurement, construction management and ultimately, operations.
"True North's management is extremely pleased to have Wardrop engaged in the assessment of the Company's Aappaluttoq Ruby Project," said Andrew Lee Smith, Chairman and CEO of True North Gems. "We are confident that the insight, experience and resources that Wardrop can apply to this unique mineral deposit in Greenland will be a great benefit to the company in what will be a technically challenging assessment process."
In 2006, a total of 58,108 grams of gem grade ruby were recovered from a 30 tonne surface bulk sample extracted at Aappaluttoq, indicating a grade of 1,937 grams gem per tonne for the sample. Independent valuations of polished gemstones produced 361.7 grams of Aappaluttoq material processed thus far have contributed US$40,066 to the overall value of the bulk sample (see press release May 14, 2007). The processing and valuation of additional gem ruby from the 2006 Aappaluttoq bulk sample is in progress and results from this work will be released as information becomes available.
The planning and execution of the ruby exploration and quality control programs at the 2007 Greenland ruby project are under the supervision of Greg Davison, P.Geo., True North Gems VP Exploration. Mr. Davison is a qualified person as defined by National Instrument 43-101.
Additional information on Greenland rubies, technical reports and other public documents are available at www.sedar.com or, at the company's website, www.truenorthgems.com.
True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and owns 100% interest in the Yukon-based Tsa da Glisza emerald property and the Baffin sapphire property located on Baffin Island and the rights to earn 100% interest in 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:
Andrew Lee Smith
True North Gems Inc.
Chairman and CEO
(604) 687-8055 or 1-800-399-8055
Ken Shortt
True North Gems Inc.
Investor Relations
(604) 687-8055 or 1-800-399-8055
Email: ken@truenorthgems.com
Website: www.truenorthgems.com
Source: True North Gems Inc. |
