North American Gem Inc. Intersects Coal and Completes Drilling on the Saffle and Dalton Tracts in West Virginia
April 06 2009 - 3:45PM
Marketwired
North American Gem Inc. (TSX-V: NAG) (the "Company") announces that
drilling has been completed on its 37 acre potential surface mining
prospect known to the Company as the Saffle Tract, and its 130 acre
potential surface mining prospect, the Dalton Tract, both in West
Virginia.
Triad Engineering Inc. has completed 230 feet in drilling on two
holes on the Dalton Tract and an additional 53 feet in drilling on
one hole on the Saffle Tract. The drill core has been logged; in
addition, soil and coal samples have been sent for analysis to
Standard Laboratories Inc. in Belington, West Virginia. The test
results from the overburden analysis will determine what
precautions are necessary to potentially mine the coal and in the
reclamation of the property.
Coal was intersected on Hole 1 of the Dalton Tract at 65 feet 2
inches to a bottom depth of 68 feet 8 inches giving a coal
thickness of 3 feet 6 inches. Coal was intersected on Hole 2 of the
Dalton Tract at a depth of 10 feet 6 inches to a bottom depth of 13
feet giving a coal thickness of 2 feet 6 inches. Further coal was
intersected at a depth of 143 feet 3 inches to a depth of 146 feet
6 inches for a thickness of 3 feet 3 inches. On the Saffle Tract
coal was intersected at a depth of 41 feet 5 inches to a bottom
depth of 44 feet 5 inches giving a seam thickness of 3 feet.
The Company is very pleased and encouraged to have intersected
the coal seams on each hole that was drilled in line with the
anticipated historical estimates from previous data and work done
in the surrounding areas. These seams have historically been mined
in the region utilizing surface mining operations.
Once the Company receives the results from the water and soil
sample analysis they will be forwarded to the Department of
Environmental Protection (DEP) to satisfy the requirements towards
full mining permit status. The process towards a full mining permit
on the Saffle Tract will be expedited by the fact there has been
historical water and soil testing work done on the property.
Standard Laboratories Inc. currently operates over forty
laboratories in the U.S. specializing in coal sampling and
analysis, with additional analytical capability in soil, water,
environmental and geochemical matrices. Standard Laboratories Inc.
is proficient to perform virtually all routine and specialty test
procedures required by the United States coal industry and its
markets. These methods have been subjected to rigorous validation
studies and interlaboratory collaborative testing and can thus be
considered reliable.
All current work on the West Virginia properties is being
supervised by Mike Green of Green Engineering, Inc., who is a
registered professional engineer in Philippi, West Virginia, and
will be operating as the Company's qualified person under National
Instrument 43-101. Mr. Green has reviewed the technical content of
this news release and confirms its accuracy. Mr. Green is
independent of the Company.
North American Gem Inc. (TSX-V: NAG) is a Junior Exploration
Company based in Western Canada. The Company's primary goal is to
explore for Coal in North America; currently the focus is in
Saskatchewan and West Virginia. In addition to Coal exploration,
the Company also has interests in Uranium, Copper, Gold, Molybdenum
and other base metals in Canada. The Company has advanced the
Louise Lake Copper-Gold-Molybdenum-Silver project, located in
British Columbia and has produced a NI 43-101 compliant resource
estimate (included in its NI 43-101 Technical Report dated July 14,
2006 and updated February 6, 2009, as filed on SEDAR). The Uranium
projects include the Whiskey Gap and Western Basin in Alberta, the
Mosquito Gulch property in the Northwest Territories and the Ranger
Lake Uranium property in Ontario.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
"Charles Desjardins"
Charles Desjardins
President and Director
Neither TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Cautionary note:
This report contains forward-looking statements, particularly
those regarding cash flow, capital expenditures, and investment
plans. Resource estimates, unless specifically noted, are
considered speculative. The Company has filed a National Instrument
43-101 resource estimate on the Louise Lake property. Any and all
other resource or reserve estimates are historical in nature, and
should not be relied upon. By their nature, forward-looking
statements involve risk and uncertainties because they relate to
events and depend on factors that will or may occur in the future.
Actual results may vary depending upon exploration activities,
industry production, commodity demand and pricing, currency
exchange rates, and, but not limited to, general economic
factors.
Cautionary Note to US investors: The U.S. Securities and
Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically
and legally producible under existing economic and operating
conditions.
North American Gem Inc. 430 - 609 Granville Street Vancouver,
BC, Canada V7Y 1G5 Phone 604-683-5445 Facsimile 604-687-9631
info@northamericangem.com www.northamericangem.com TSX-Venture:
NAG
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