North American Gem Inc. Announces the Mobilization of Drill Rigs to the Saffle and Dalton Tracts in West Virginia
13 March 2009 - 5:27AM
Marketwired
North American Gem Inc. (TSX-V: NAG) (the "Company") announces it
will be mobilizing drill rigs to its 37 acre potential surface
mining prospect, the Saffle tract, and its 130 acre potential
surface mining prospect, the Dalton tract, both in West Virginia.
Triad Engineering Inc., of West Virginia, will be overseeing the
operation and providing the equipment, such as water trucks,
bulldozer and drill rigs as well as drilling the holes on both
properties. Drilling will consist of limited drill holes on each
property in order to take sufficient coal and soil samples needed
to satisfy the prospect permitting requirements of the Department
of Environmental Protection (DEP). The Saffle property will be
drilled to an estimated depth of 115 feet and the Dalton property
will be drilled to an estimated depth of 125 feet. There will not
be sufficient holes drilled to provide for an adequate reserve
estimate on the properties at this time due as the Company is
focused on moving the projects forward in a timely and diligent
manner towards full permitting status and eventual proposed
production.
The Company anticipates drilling to commence no later than March
30, 2009. The core samples will then be analyzed at the laboratory
and recorded along with several periodic water samples taken at
specifically spaced intervals. Once all sampling and data logs are
completed the Company will be able to file with the DEP for full
permitting status.
About Triad Engineering Inc.
As a multi-disciplinary consulting firm, Triad Engineering Inc.
provides geotechnical and civil engineering, environmental
services, land surveying, construction testing and monitoring,
drilling and construction materials laboratory services to a wide
range of clients. Established in 1975, Triad prides itself in being
an employee-owned firm with over 250 employees throughout West
Virginia, Virginia, Maryland and Pennsylvania.
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 interest 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. In Alberta, the Whiskey Gap, Charles Lake, Western Basin,
and Bonny Fault, Uranium potential projects. The Mosquito Gulch
Uranium property located in the Northwest Territories and the
Ranger Lake Uranium property located in Ontario.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
"Charles Desjardins"
Charles Desjardins
President and Director
THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS 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.
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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