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Nagambie Resources Ltd V.NAG


Primary Symbol: NGMBF

Nagambie Resources Limited is an Australia-based natural resources exploration company. The principal activities of the Company include exploration for, and development of, gold, associated minerals including antimony, and construction materials in Australia, and the investigation and development of waste handling assets. The Company is focused on targeting epitherm alantimony-gold mineralized systems across 3,200 square kilometers of tenements in the Waranga Domain of the Melbourne Structural Zone, in Victoria, Australia. The Company's flagship project is the Antimony-Gold Project, which sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources). The Antimony-Gold Project is located at the 100% owned Nagambie Mine. Its Whroo Goldfields project is located approximately 130 kilometers (km) north of Melbourne. It also holds interest in Whroo Project, PASS Project, and Sand Project.


OTCPK:NGMBF - Post by User

Post by freemax2on Mar 23, 2009 7:18pm
389 Views
Post# 15864422

!!!!!!!!!!!!!!!!!!!! NEWS !!!!!!!!!!!!!!!!!!!!!

!!!!!!!!!!!!!!!!!!!! NEWS !!!!!!!!!!!!!!!!!!!!!

SOURCE: North American Gem Inc.

Mar 23, 2009 19:04 ET

North American Gem Inc. Commences Drilling on Its West Virginia Properties

VANCOUVER, BC--(Marketwire - March 23, 2009) - North American Gem Inc. (TSX-V: NAG) (the "Company") announces that as of this morning drilling has commenced 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. of West Virginia, will be drilling on both properties, as well as overseeing the operation and providing the equipment. Once drilling is completed, the soil and coal samples will be analyzed at Standard Laboratories Inc. in Belington, WV. This will be a key step towards obtaining the potential mine permitting status on the properties.

Standard Laboratories 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 are 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 DirectorsNORTH AMERICAN GEM INC."Charles Desjardins"Charles DesjardinsPresident and Director
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