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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Comment by lucci2005on May 23, 2008 12:38am
199 Views
Post# 15102139

RE: That is a great map, guys.

RE: That is a great map, guys.A quote from NAG's news release (re: Adamas)

"The Bow River coal outcrop occurs roughly 80-100 km northwest of the project area following the same topographic uplands leading edge which is patterned to the Canadian Shield boundaries lying northwest to the southeast. This suggests that the coal occurrences at the Bow River to the northwest of Wapawekka Lake and Narrow Hills central and the Pasquia Hills southeast are associated with the same geological structures that would allow coal to have developed and remain intact through the glacial erosion. The continuity of coal from the Bow River out crop in the northwest and the major coal discovery at Pasquia Hills Places the Wapawekka and Narrow Hills occurrence in the central portion of the regional known coal occurrences outline a broad area for future exploration."

and

"The recent coal discovery by Goldsource Mines Inc. of bituminous coal in two drill holes 1600 meters apart, suggests the potential for a much larger coal system. Goldsource believes the coal it encountered is from the Mannville/Swan River Group of Creataceous age (Goldsource Mines Inc., Release May 5, 2008). Coal structures of the Creataceous age are generally stratigraphic and can encompass several thousand square kilometers."

so I think NAG is in pretty good shape, assuming they get the permits they've applied for.

Bullboard Posts