North American Gem Inc. Has Commenced Drilling in Saskatchewan
August 29 2011 - 8:00AM
Marketwired
North American Gem Inc. (NAG) (TSX VENTURE: NAG) reports that DJ
Drilling LTD. of Aldergrove, B.C., has commenced drilling near
Hudson Bay, Saskatchewan. NAG has permitted five fully approved
drill locations to the south of the Goldsource Mines "Border
Property".
The Hudson Bay area has been the target of coal exploration by
various companies since the discovery drill hole by Goldsource in
2008. This discovery has resulted in a NI 43-101 estimate of coal
resources in several small basins that include 79.2 million
Indicated tonnes plus 33.0 million Inferred tonnes on the Border
properties (March 17, 2011 News Release). Across the border, in
Manitoba, Westcore Energy LTD. has intersected coal units of up to
99.0 m in composite thickness (March 2, 2011 News Release).
Nearer to the NAG permits, Saturn Minerals Inc. has discovered
one coal basin which contains two significant coal seams at an
average depth of 100 to 110 m with coal units up to 9.6 m in
thickness.
NAG has engaged Dahrouge Geological Consulting Ltd. (Dahrouge)
of Edmonton, Alberta, to manage its Saskatchewan coal exploration.
Dahrouge has significant experience in exploring for, and
developing deposits of thermal coal within the Western Canada
Sedimentary Basin.
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the company by
Jody Dahrouge, P.Geol., of Dahrouge Geological Consulting Ltd., a
qualified person.
North American Gem Inc. (TSX VENTURE: 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, President and Director
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. 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. 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.
"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."
Contacts: North American Gem Inc. Charles Desjardins President
and Director 604-683-5445 604-687-9631 (FAX)
info@northamericangem.com www.northamericangem.com
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