News Analysis: A Canadian Company is awaiting Greenland Government Final Approvals to operate an Open-Pit Mining Operation for Gem Quality Rubies and Lesser Rubies. Over the past several years, the Company’s Field Geologists have successfully Core Drilled numerous locations displaying Ruby (Corundum) (Al2O3Cr) Mineralization.
The Ruby, at a Moh’s Hardness Scale of 9.0, is only surpassed in Gemstones by the 10.0 Hardness Ranking of Diamonds. The “Precious Stones” are:Diamonds, Emeralds, Rubies, and Sapphires.
To date 65,000 grams of Gems have been recovered and twice that of lesser quality.
The Canadian Mining Company should surely prosper from their Capital Risk and Hard Work to date, since people throughout the World should want to purchase “Non-Restricted” Rubies from a fine Country as Greenland.
Investors may want to engage in ‘Due Diligence’ towards seeking possible funding of this “Ruby Play” by Experienced Geologists. The Financial Returns could be significant.
Reality.
Reference: http://arcticjournal.com/oil-minerals/greenland-ruby-mine-could-turn-sod-end-year