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

TSXV:NAG - Post Discussion

North American Gem Inc > NAG Map Puzzle Has Answer Today
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Post by Kiktyre on Nov 17, 2008 11:39pm

NAG Map Puzzle Has Answer Today

Folks, if you have been wondering why NAG took the trouble of marking all the Gray blocks with their respective CPP numbers on their first Coal Permit map, I think we have the answer today!

The Nov 17 updated Coal Disposition Searchbook (Excel format) & Map are available from the link:
https://www.ir.gov.sk.ca/Default.aspx?DN=039359e0-f23d-4c75-b4e4-291c5486ddaa


As Steder noted, Ken Smith has been the staking agent for NAG.

Of interest today are the townships #61-17 (N of Adamas N marked for AIX on the KEX original map) & #57-11 (township adjoining the NW block of WER which has 6 townships just N of Tobin Lake). These 2 townships are part of the gray areas on the NAG map. So unless K. S. staked them for someone else, they are now part of NAG’s holding. You can identify the townships by referencing the CPP numbers on the Searchbook with those on the NAG map if it’s difficult to read the township# on the government’s Coal Disposition Map.

A quick count on the gray areas came up with about 25 townships equivalent to about 300 permits. In my previous post# #23831405 “Some interesting data”, I estimated NAG to have 332 2nd- priority app having advanced to 1st priority. So it makes good sense to believe that the gray areas represent where the “New” 1st priority applications are for, and some of them have now been permitted.

Also worthy of our attention are 3 other permitted townships #66-21 and 66-18/67-18 located just south of La Ronge and Wapawekka Lakes respectively. I estimate that NAG has a total of 94 townships applied for and the company map shows only 65 of them, meaning the location of about 29 more has yet to be disclosed. Seeing the approval of permits within those 3 townships, I’d be willing to place my bet on that neighbourhood, which is obviously another prime area for new discoveries if one pay attention to what AIX/GM are acquiring and disclosing.

KT
Comment by HighTest on Nov 18, 2008 12:00am
KT, good paying attention. One gold star for you.HT
Comment by HHAPPY on Nov 18, 2008 8:49am
An excellent amount of DD by you kiktyre, thank you.However I think you will find that AIX and GM  areas staked by Ken Smith where for those companies not for NAG. The management of NAG and these two other companies had an agreement that Mr. Smith would do that staking at the costs being paid by AIX and Gm. Perhaps some form of J/V may be completed to develop these areas if warranted.
Comment by Kiktyre on Nov 18, 2008 10:56am
Thanks HHAPPY for pointing that out. It's obviously a logical strategyto incorporate shared efforts with friendly peers and joint venturesdeals with rich partners in NAG's plan to develop its over 2 mln acresof potential holdings. Looks promising that the CPP process will largely conclude by year end,and a complete map available for all to see. We can then expect to havevery positive ...more  
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