VANCOUVER, BRITISH
COLUMBIA--(Marketwire - Nov. 24, 2009) - True North Gems (TSX VENTURE:TGX) is
pleased to announce the completion of field work and receipt of analytical
results for the company's 100% owned True Blue aquamarine property in the
Yukon. The purpose of the program was to investigate the rare earth element
(REE) and niobium potential of the property. Grab samples were collected at
three separate locations and have returned assays up to 6.02% Total Rare Earth
Oxides + Yttrium (TREO) and 2.52% Niobium Oxide (Nb2O5).
These high grade results confirm REE and Nb mineralization within a skarn and
altered felsic dyke swarm. Further exploration will be required on these new
discoveries.
The True Blue property is located 55
kilometres south of Ross River, Yukon and is accessible via all-weather road to
the Ketza River gold mine, followed by 10 kilometers of summer-only road to the
property.
In addition, an individual chip-channel
sample from outcrop returned 0.42% TREO and 0.58% Nb2O5
over five (5) meters width. The north-south striking felsic dyke swarm at the
Guano occurrence is intermittently exposed over a length of about 750 metres.
Within this zone, numerous narrow to multi-metre wide dykes intrude over an
observed horizontal width of between 40 and 100 metres thickness.
In addition, anomalous REE analyses were
returned from both the Camp Skarn and Shark Bowl prospects that are located 1.2
kilometres and 2.8 kilometres respectively from the Guano prospect. Together
with anomalous silt sediment samples, these results indicate that the True Blue
property hosts excellent potential for the discovery of a rare earth and
niobium enriched mineral deposit or deposits. Importantly, the TREO analyses
for all three prospects (Guano, Camp Skarn & Shark Bowl) are anomalously
enriched with the rarer, and typical higher value, heavy rare earth element
series (HREE - defined as Europium (Eu) through to Lutetium (Lu)).
The current program was primarily comprised
of prospecting, magnetometer surveying, mapping, and geochemical sampling, with
the assistance of both a scintillometer and a portable Niton XRF unit. The full
geochemical and analytical results from the samples collected during the 2009
field season are summarized on the company's website. Each of the three
prospecting areas are described below:
Guano Prospect: The Guano occurrence
consists of hornfels and diopside-calcite-phlogopite skarn located at the
metamorphic aureole of a syenite intrusive of Mississippian age. The skarn
itself is intruded by dark coloured, altered zircon-enriched felsic dykes
interpreted to be related to the syenite. A reconnaissance scale magnetometer
survey identified several positive magnetic anomalies that are associated with
the Guano skarn and sheeted dyke occurrence. This target and the magnetic
anomalies have yet to be drill tested.
A total of 44 rock samples were collected and
analyzed from the current program to assess the different rock types. Samples
from the Guano prospect ranged in value from 0.13% TREO to 6.02% TREO. The
arithmetic average of all Guano samples is 0.90% TREO and 0.55% Nb2O5.
and the average percentage of HREE in all of the Guano samples is 10%.
The rare earth mineral allanite has been observed at the Guano occurrence.
Further mineralogical studies are currently being conducted to determine the
other REE minerals and niobium mineralogy of the Guano prospect.
Camp Skarn: The Camp Skarn is a
new discovery in 2009 and is located 1.2 kilometres west-north-west of the
northern end of the Guano prospect. At this
location, a coarse grained garnet-allanite skarn zone was located as float and
minor outcrop over about 150 metres of north-south strike and is hosted within
altered syenite. A total of seven samples were collected and analytical results
from the rock samples contained 0.03% TREO to 1.99% TREO. The average percentage of HREE in all of the Camp
Skarn samples is 12%. Geochemical results
indicate that this prospect contains lower levels of niobium, zirconium, and
thorium suggesting a different genetic history to the Guano prospect. Further
mineralogical studies are currently being conducted to determine the REE
mineralogy of this prospect.
Shark Bowl: The Shark Bowl area
is located 2.8 kilometres west of the north end of the Guano prospect and is
associated with quartz-fluorite-allanite veins crosscutting the REE enriched
syenite. During the current program, one sample of an allanite bearing quartz
vein was collected from this area and analyzed for REE potential. The sample
returned a geochemical analysis of 0.14% TREO with 6% HREE. The rare earth
minerals bastnaesite and monazite have been confirmed at the Shark Bowl
occurrence.
Stream Sediment Sampling: During the current
program a total of four silt samples were collected. These samples encompass a
drainage catchment area of approximately 1.3 square kilometers, primarily
draining areas of altered syenite and the adjacent altered host rocks. The silt
samples returned REE values ranging between 0.06% and 0.12% TREO and 144 to 294
ppm Nb. The highest silt sample value of 0.12% TREO and 294 ppm Nb is
associated with a stream catchment area of only 0.34 square kilometers; this
stream drains an area of altered syenite from within the Shark Bowl prospect
area. These stream sediment results demonstrate a large stream catchment area
containing anomalous rare earth elements and niobium that significantly expand
the target area beyond the known Guano, Camp Skarn and Shark Bowl REE and
niobium prospects.
The field program was conducted over an eight
day period in August and was operated by Mackevoy Geosciences Ltd. The field
crew was headed by David Turner, M.Sc., P.Geo.. The True Blue field program was
conducted with financial support from the Yukon Mining Incentives Program
(YMIP).
True North Gems Inc. is listed on the TSX
Venture Exchange and is engaged in the exploration and development of North
American and Greenlandic coloured gemstone prospects. The Company is a pioneer
in coloured gemstone exploration and, currently in Greenland, has the rights to
earn 100% interest in the Fiskenaesset ruby and pink sapphire property, and
holds a 100% interest in the Qaqqatsiaq ruby property, and in Canada, holds a
100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga
sapphire property located on Baffin Island, Nunavut.
The Company relies on
litigation protection for "forward-looking" statements. Certain
technical information contained within this press release is 43-101
non-compliant by virtue of the fact that National Instrument 43-101which
governs public disclosure of technical information for mineral exploration
properties in Canada is silent with respect to the exploration and technical
disclosure of gemstone properties. The company employs high standards for the
collection of geological information and exploration data, employs industry
recognized professionals as qualified persons to provide oversight and
management of the exploration programs and is committed to the implementation
of QA/QC protocols to monitor the integrity of the technical information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.