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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

Comment by manderson29on Mar 16, 2010 6:29pm
477 Views
Post# 16890096

RE: RE: Magazine Article

RE: RE: Magazine ArticleHey Pitbullish,

Finally got it uploaded after having some scanning issues...here is the main part. There is another paragraph or two on a previous "Industry focus" page. I'll type that out:

I think it makes more sense if you read it first, and then read the scanned page

"Not all new mine developments in the US this year will be underground; one operator is getting its footing in Kentucky as it readies for the development of a highwall.

North American Gem, with seven leases totaling about 5000 acres, will put a highwall miner to work at its No. 2 operation in the Spring.

While it is initially permitted to extract from the Jellico seam, it will later pull from others, including the rich Blue Gem seam. The potential operator, which had not been chosen at press time, will be pulling from a 42-52inch seam height. Final production numbers are still pending, but the company expects its budget to be about 1000t per shift, or 20,000t monthly (at one shift), and eventually 40,000t monthly based on a two-shift schedule with a 20-day work month and 2 dedicated maintenance days"

Scanned page:
https://i1034.photobucket.com/albums/a427/manderson29/coalusa.jpg
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