| Investors in True North Gems (TSX.V: TGX) | | | | guard, who have been watching closely as the |
| were treated to a rare gift this Christmas past | | | | company works toward a positive preliminary |
| when the company reported the discovery of a | | | | assessment of its 110 sq km Fiskenaesset ruby |
| new sapphire prospect complete with a 139 carat | | | | project on the southwest coast of Greenland. |
| blue sapphire on its Beluga sapphire property in | | | | The Beluga sapphire property is actually two |
| Nunavut, Canada. The prospect is located on the | | | | mining claims comprising 9.9 square km near the |
| south shore of Baffin Island, approximately six | | | | hamlet of Kimmiru. TGX acquired the property in |
| hundred km west of the companyâs | | | | November 2003 through an option agreement |
| Greenland ruby prospects. | | | | with Inuit prospectors who earlier discovered the |
| The news may have taken some investors off | | | | sapphire occurrences. |