True North has granted AuQ Gold Mining Inc. the right to earn a 50% interest in the Nakikok Lithium Exploration Project
Vancouver – August 24, 2023 – True North Gems Inc. (TSXV: TGX, or the "Company") is pleased to announce that it has entered into agreement with AuQ Gold Mining Inc. (“AUQ”) whereby they can earn a 50% interest in the Nabikok Litihium Exploration Project in the Abitibi region of northwestern Quebec. Under the terms of the agreement, AUQ is required to expend $600,000 over three years, of which $100,000 must be spent in the first year to earn a 50% interest.
The Nabikok Lithium Exploration Project
The Nabikok Pegmatite Project is an early-stage lithium-bearing spodumene pegmatite prospect comprised of 155 exploration claims, located in the eastern region of the Abitibi Belt, Quebec Canada. The Project is located 47 kilometres southwest of Val d’Or and 67 kilometres southeast of Cadillac, PQ. The Nabikok claim group is centred in UTM Zone 18 at coordinates 277,395 meters East and 5,286,290 meters North, at 330 masl.
Previous exploration
In 2022, True North Gems completed two pre-field, exploration initiatives on the Nabikok property; a high-resolution heliborne magnetic and spectrometric survey; and, acquisition of highresolution multi-spectral satellite imagery. Based on available information, this is the first geoscientific data collected from the Nabikok property as it is currently configured.
On behalf of the Board of Directors of True North Gems Inc.:
(signed) Owen King
Owen King CEO & Director 604-618-1835 For further information, contact:
Email: [email protected]
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