North American Gem Inc. Hires Engineering Consultant to Manage Additional Mine Permitting in Kentucky
October 08 2009 - 8:30AM
Marketwired
North American Gem Inc. (TSX-V: NAG) (NAG) is pleased to announce
the engagement of Mr. Robert Taylor, a Professional Engineer, to
provide engineering services for the Company's coal operations in
Kentucky.
Under the agreement, Mr. Taylor will provide the following
consulting services:
1. Engineering services as needed.
2. Evaluation of coal leases for the purpose of determining development
potential.
3. Preparation of mine permit applications and mine plans.
"Having a dedicated engineer will greatly enhance the
capabilities of NAG to efficiently get through the mine permitting
process," stated Charles Desjardins, President of NAG. "In
addition, NAG will now have the capacity to prepare multiple mining
permit applications which will reduce the overall cost of the mine
permitting process."
Mr. Taylor is currently evaluating the expansion potential of
the North American Gem Mine #1 Permit and the North American Gem
Mine #2 Permit, as well as overseeing the expected submission of
mining permit applications for the planned North American Gem Mine
#3 Permit and the North American Gem Mine #4 Permit within
approximately the next 7-10 days.
Production Expected in October 2009 on North American Gem #1
Mine
Production is expected to begin October 2009 (See NAG October
7th 2009 release) on the leases known as the North American Gem #1
Mine Permit located in Whitley County, Kentucky.
NAG plans to have the coal from the Jellico seam extracted from
the North American Gem #1 Mine, under Kentucky State Mining Permit
#918-0396, to be the first coal to run through the Cobra Tippling
Production Plant (See NAG September 15th 2009 release). The
production rate and mine-life projections have been made without
support of a feasibility study, there is no certainty the proposed
operations will be economically viable.
Mr. Dean Schafer is acting as operations manager of all the
Company's Kentucky coal leases and is currently implementing an
overall mine plan.
Mike Magrum, PEng, a qualified person under National Instrument
43-101, has approved the technical content of this news
release.
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
Kentucky, 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.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
"Charles Desjardins"
Charles Desjardins
President and Director
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Cautionary note:
This report contains forward-looking statements. Resource
estimates, unless specifically noted, are considered speculative.
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.
Contact: 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
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