Begin Production at North American Gem #2 MineNorth American Gem Inc. and M3 Energy Resources, LLC Begin Production at North American Gem #2 Mine
VANCOUVER, BRITISH COLUMBIA, Jan. 10, 2011 (Marketwire) --
North American Gem Inc. (NAG) (TSX VENTURE:NAG) reports that M3 EnergyResources, LLC (M3) has commenced production on North American Gem #2Mine. M3 will be working one shift six days per week and are a planningto go to two shifts per day during the same six day work week. All ofthe coal produced at North American Gem #2 Mine will be sold to fillcontracts under M3.
Mr. Dean Schafer is acting as operationsmanager, for NAG, on all of NAG's Kentucky coal leases and is currentlyimplementing an overall mine plan.
M3 Energy Resources, LLC has amanagement team with a proven track record in coal mining, engineering,finance and business management. M3's current operations are in CentralAppalachia where they control vast low sulfur, high BTU coal reserveswith decades of mining life remaining. M3 is a large operation capableof managing several projects simultaneously; currently M3 is operatingHighwall Miners, Surface Mines, Underground Mines, and a PreparationPlant with fine coal circuit and loadout facilities. Utilizingstate-of-the-art equipment and advanced mining techniques maximizes theefficiency of their mining operations at the same time that it helpsincrease the level of safety.
North American Gem Inc. (TSXVENTURE:NAG) is a Junior Exploration Company based in Western Canada.The Company's primary goal is to explore for Coal in North America,currently the focus is in Kentucky, Saskatchewan, and West Virginia. Inaddition to Coal exploration, the Company also has interests in Uranium,Copper, Gold, Molybdenum and other base metals in Canada.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
Charles Desjardins, President and Director
Cautionary note:
Thisreport contains forward looking statements. Resource estimates, unlessspecifically noted, are considered speculative. Any and all otherresource or reserve estimates are historical in nature, and should notbe relied upon. The production rate and mine-life projections have beenmade without support of a feasibility study, there is no certainty theproposed operations will be economically viable. By their nature,forward looking statements involve risk and uncertainties because theyrelate to events and depend on factors that will or may occur in thefuture. Actual results may vary depending upon exploration activities,industry production, commodity demand and pricing, currency exchangerates, and, but not limited to, general economic factors. CautionaryNote to US investors: The U.S. Securities and Exchange Commissionspecifically prohibits the use of certain terms, such as "reserves"unless such figures are based upon actual production or formation testsand can be shown to be economically and legally producible underexisting economic and operating conditions.
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
North American Gem Inc.
President and Director
604-683-5445
604-687-9631 (FAX)
info@northamericangem.com
www.northamericangem.com