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Nagambie Resources Ltd V.NAG


Primary Symbol: NGMBF

Metals & Mining Gold
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

Nagambie Resources Ltd > News and My Thoughts on NAG
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Comment by littleguy21on Feb 04, 2011 9:53pm
349 Views
Post# 18079861

RE: RE: RE: News and My Thoughts on NAG

RE: RE: RE: News and My Thoughts on NAG1/11/2011 9:00:08 AM - Market Wire

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.

Well talked like it was a done deal.  Oh by the way we don't have any permit to build the road.

Guess they forgot that part.  Something to think about.  If they need a better road to move something out. Then they need a better road to haul something in.  So tell me how they are going to get heavy equipment in to prepare mine#3 again?   More bs.  

Littleguy

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