Greenland Ruby

Corundum from Fiskenaes, Nuuk, Kitaa Province, Greenland

Gemstones have been found in Greenland, including diamond, ruby, sapphire, kornerupine, tugtupite, lapis lazuli, amazonite, peridot, quartz, spinel, topaz, and tourmaline.

Most of Greenland's ruby and sapphire occurrences are located near the village of Fiskenaesset on the southwest coast. A total of 31 ruby and sapphire occurrences have been confirmed in the Fiskenaesset district. One of these, the Aappattuloq Ruby project, is being developed by True North Gems Inc.

Roughly 10 kilograms of ruby and pink sapphire rough have been recovered. The bulk of the material is rather small, with 90% (by weight) measuring less than a quarter inch (6.3mm). The quality of the rough raises hopes that Greenland Ruby might play an important role on the world gem markets in the future. The largest gem facetted to date weighed 0.69cts and was evaluated at $ 2.100,00 (US wholesale).

In May 2011 an initial resource calculation was announced for Aappaluttoq. The resource included indicated resources of 189,150 tonnes of material hosting 59 million grams (296 million carats) of corundum and inferred a further 21 million grams (109 million carats) to a depth of 65m. The resource is National Instrument 43-101 compliant and is the first coloured gemstone resource ever to be published under these laws.

See ----->http://pennystockjournal.blogspot.ca/2014/03/fine-ruby.html
See ----->http://pennystockjournal.blogspot.ca/2014/03/royal-spinel-balas-ruby.html
See ----->http://pennystockjournal.blogspot.ca/2014/01/the-mughal-empire-in-gold-and-gems.html