True North Gems Begins Mining at Ruby and Pink Sapphire Deposit

Gem Investing

True North Gems Inc. (TSXV:TGX) announced that it’s started mining operations at the Greenland-based Aappaluttoq ruby and pink sapphire deposit.

True North Gems Inc. (TSXV:TGX) announced that it’s started mining operations at the Greenland-based Aappaluttoq ruby and pink sapphire deposit.
As quoted in the press release:

LNS Greenland (“LNSG”), a joint venture partner in the Aappaluttoq Mine, has been contracted as the mine operator. Their Norwegian and Greenlandic based technical team have submitted mining extraction plans to the boards of True North and True North Gems Greenland A/S, and attained approval for pit operations to begin. The process and gemstone recovery system is currently being shipped to Greenland and the planned Q4/2015-Q1/2016 extraction will create a sufficient ore stockpile to feed the plant once it has been commissioned. Planned waste rock removal work during the current extraction will pave the way for the 2016 mining season to commence as scheduled.

Bent Olsvig Jensen, managing director of True North Gems Greenland AS, commented:

This is a historic day for the revived mining industry in Greenland. Being one of the first companies to progress through the new permitting system and to reach a positive outcome is a testament to all involved. We now look forward to fully commissioning the newest mine in Greenland, which will be one of the most advanced coloured gemstone mines in the world.

Click here to read the full True North Gems Inc. (TSXV:TGX) press release.

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