North American Gem Inc. Receives Approval for M3 EKeep the news coming.......hopefully the next release will be #3 Mine begins production?
North American Gem Inc. Receives Approval for M3 Energy Resources, LLC to be the Operator of North American Gem #3 Mine
VANCOUVER, BRITISH COLUMBIA, Jan 11, 2011 (MARKETWIRE via COMTEX News Network) --
North American Gem Inc. (NAG) (TSX VENTURE: NAG) reports that M3 Energy Resources, LLC (M3) has been accepted as the operator of North American Gem #3 Mine (Mine #3) by the Kentucky Department of Natural Resources (KDNR). This will allow M3 to complete the hauling road for production to begin at Mine #3. During the construction of the hauling road M3 will prepare Mine #3 for Highwall mining.
Mr. Dean Schafer is acting as operations manager, for NAG, on all of NAG's Kentucky coal leases and is currently implementing an overall mine plan.
M3 Energy Resources, LLC has a management team with a proven track record in coal mining, engineering, finance and business management. M3's current operations are in Central Appalachia where they control vast low sulfur, high BTU coal reserves with decades of mining life remaining. M3 is a large operation capable of managing several projects simultaneously; currently M3 is operating Highwall Miners, Surface Mines, Underground Mines, and a Preparation Plant with fine coal circuit and loadout facilities. Utilizing state-of-the-art equipment and advanced mining techniques maximizes the efficiency of their mining operations at the same time that it helps increase the level of safety.
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
SOURCE: North American Gem Inc.
mailto:info@northamericangem.com https://www.northamericangem.com
Copyright 2011 Marketwire, Inc., All rights reserved.