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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Post by ICU812on May 28, 2008 4:20pm
337 Views
Post# 15120032

news release statesNAG IS DRILLINIG

news release statesNAG IS DRILLINIG
Cloudbreak Resources Ltd.: Further Property Acquisitions in Saskatchewan
CLOUDBREAK RESOURCES LTD CDB
5/28/2008 4:00:46 PM
VANCOUVER, BRITISH COLUMBIA, May 28, 2008 (MARKET WIRE via COMTEX News Network) --

CLOUDBREAK RESOURCES LTD. (TSX VENTURE: CDB)(PINK SHEETS: CUDBF)(FRANKFURT: C6K). Cloudbreak Resources is pleased to announce it has submitted an additional 2 coal permit applications to the Government of Saskatchewan's Energy Resources Permitting Office. This application encompasses 18,432 hectares (approximately 45,546 acres) in east-central Saskatchewan. These properties are in addition to the 2 properties announced on May 15, 2008.

This area is currently being drilled by Goldsource Mines Inc. and North American Gem Inc. Goldsource announced "most of the coal from the 2 intercepts is ranked as High Volatile Bituminous C and Sub-Bituminous A and is believed to be from the Mannville/Swan River Group of Cretaceous age". The samples from North American Gem graded "Sub-Bituminous A quality". Coal structures of the Cretaceous age are reported to be generally very large and can encompass several thousand square kilometers.

The Company is in the process of assessing other acquisitions in the area, and plans to make further applications in the near future. Cloudbreak management plans to make the company a large land holder and player in this exciting new discovery area.

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