True North has granted AuQ Gold Mining Inc. the right to earn a 50% interest in the Nakikok Lithium Exploration Project
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 Bel t, Quebec
Canada. The Project is located 47 kilometres southwest of Val d’Or a nd 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 high-
resolution 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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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This document contains “forward -looking information” and “forward -looking statements”
(together, “forward -looking statements”) within the meaning of applicable securities legislation,
which are made as of the date of this document or the document(s) referred to herein. Statements
that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as “expects”,
“anticipates”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or
variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might”
or “will” be taken, occur or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be forward-looking statements. Forward-
looking statements include, without limitation, statements with respect to:. The forward- looking
statements are made based upon certain assumptions which, if untrue, could cause the actual
results, performances or achievements of the Company to be materially different from f uture
results, performances or achievements expressed or implied by the forward-looking statements. By
their very nature, forward- looking statements involve inherent risks and uncertainties that could
cause actual results, performances or achievements to differ materially from those in the forward-
looking statements. These include, without limitation: price volatility, discrepancies between actual
and estimated production, mineral reserves and resources and metallurgical recoveries, mining
operational and development risks, regulatory restrictions (including environmental regulatory
restrictions and liability), activities by governmental authorities, the speculative nature of mineral
exploration, the global economic climate, dilution, share price volatility, competition, loss of key
employees; additional funding requirements and defective title to mineral claims or property]. This
list is not exhaustive. See also, for example, the risks disclosed in the Company’s other disclosure
documents filed at www.sedar.com, including, without limitation, those disclosed in the Company’s
management’s discussion & analysis. The Company expressly disclaims any intention or obligation
to update or revise any forward- looking statements, except as otherwise required by applicable
securities legislation.