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Bullboard - Stock Discussion Forum North American Gem Inc V.NAG

TSXV:NAG - Post Discussion

North American Gem Inc > Anyone notice AIX & GM NR ?
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Post by admantine69 on Sep 12, 2008 10:15pm

Anyone notice AIX & GM NR ?

The NR announced several blocks of Coal Disposition Applications that have been confirmed by Comfort Letters as first priority from the Saskatchewan Energy and Resources department.

Reading further down in the same NR:

"Saskatchewan Energy Resources has recently announced that it does not require any drilling applications for drill holes up to 150 meter in depth, that only Ministry notification is required. It is anticipated that a crew will visit the Wapawekka Lake outcrops to begin surface exploration to pinpoint, and trench the outcrops and to also survey the area prior to beginning a near surface drill program. "

From this I am concluding that a first priority comfort letter does not require any drilling application for drill holes up to 150 meter in depth, that only Ministry notification is required.

This means NAG could be surface exploring and/or/maybe drilling hole(s) up to 150 meters after notifying Ministry on any of its land covered by those applications that were granted first priority comfort letters?

Comments on my assumption or clarification of the AIX/GM NR and or process would be valued in this discussion.

NAG is / could be / will be drilling.
The appalachia deal is the money line.
Comment by Newt3 on Sep 12, 2008 10:40pm
Yes I did ... the fire coal fire seems to have gone out..And CoffenTrader is another punk at GM :-)
Comment by Enma_49 on Sep 13, 2008 1:01pm
Pumper liar (Hhappy) doesn’t take a rest So I have to respond:  ACC is a private company in West Virginia, but registered in BC, Canada. If we google the name, we could not find any related info for the company. A foreign company needs to get approvals from US government authorities to successfully acquire a US company. In some cases, (high tech, military, etc) the acquisition ...more  
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