Aappalutoq Ruby Mine reaches 75% completion and joint venture partner earns further 10% ownership

Construction continues at True North Gems Greenland site — Photo courtesy True North Gems

True North Gems Inc. (TGX: TSX-V) (“True North” “TNG” or the “Company”) is pleased to announce that 75% of the construction and infrastructure is complete at the Aappalutoq Ruby and Pink Sapphire deposit. As a result the LNS Group has now earned a further 10% ownership of the Project.

“In 2015 Greenland suffered the worst winter in 30 years. Despite this, the LNS Greenland team proved their ability to battle through adverse conditions and had great success staying on track; we are very confident we will see completion of construction in the coming weeks.” said Nicholas Houghton, President and CEO. “As seen in the recent photos uploaded to our new website, construction at the site is going extremely well and we look forward to exciting times in the very near future.”

Latest construction developments include:

• Geological teams have completed their assessment and enabled the construction and blasting of the 2nd drainage channel to begin. Currently the small lake has been lowered by approximately 3 meters;
• Workshop building envelope has been installed – including walls and approximately 80% of the roof. LNSG has mobilized electricians and plumbing technicians to site to begin the installations at the building;
• Progress continues to be made on the Process Building – with concrete pouring continuing, and the raising of the steel walls and roof to be initiated shortly;
• Main fuel storage is currently being installed underground on its impermeable liner; this will enable winter operations at site;
• New heavy equipment, including production drill-rigs and B40D haul trucks have been delivered to site by LNSG;
• Differential GPS stations have been installed across the site; surveying of the infrastructure, drillcollars and other facilities is underway. As a result of the 10% earn in, LNS Group have now increased their total ownership in the project to 17%, this follows the 7% they secured from their investment in 2014.