OK here is first good newsNorth American Gem starts shipping coal from No. 2 mine
North American Gem Inc (C:NAG)
Shares Issued 155,559,259
Last Close8/20/2010
.12
Monday August 23 2010 - News Release
Mr. Charles Desjardins reports
NORTH AMERICAN GEM INC. SHIPPING COAL
Further to news in Stockwatch on Aug. 4, 2010, announcing thecommencement of mining at the North American Gem No. 2 mine, North American GemInc. has now begun to ship and sell the coal. Kentucky Mine Partners LLC (KMP)is performing the mining operations.
The North American Gem #2 Mine is a surface mining andaugering operation. The main focus of NAG's leasing and permitting strategy isto acquire and develop properties in areas where mining has occurred before theenactment of the Surface Mining Reclamation and Control act of 1977. Mining ismore cost effective on previously mined land than in areas that have not beendisturbed. NAG will also provide the service of reclaiming previously mined landthat would not have been completed otherwise.
"NAG is looking forward to increasing production at the NorthAmerican Gem #2 Mine as well as commencing operations of additional projects,"stated Charles Desjardins, President of North American Gem Inc. "This includesthe North American Gem Processing Facility. This facility has equipment in placethat is capable of crushing and screening coal. We will have the ability topurchase outside coal to produce custom blended products for customers, whichwill increase market potential. Specifically, plans are to service theindustrial stoker markets, silicon metal producers, and electricity generators."
Mr. Dean Schafer is acting as general manager of the Company'sKentucky coal leases and is currently implementing an overall mine plan.
Ms. Deborah Moses, PEng, PLS, REM, of Engineering ConsultingServices Inc. (ECSI) is the qualified person for the Company's coal operationsin Kentucky.