VANCOUVER, Jan. 20 /CNW/ - North American Gem Inc. (TSX-V symbol: NAG)
(the "Company") announces that it has applied for a prospecting permit for its
37 acre prospect 3.5 miles northwest of Newburgh in West Virginia. The
prospect permitting process will enable the Company to obtain sufficient water
and soil samples needed to satisfy the requirements of the Department of
Environmental Protection, (DEP).
The seam the Company will be focusing on in this area is the Bakerstown
seam, which covers a large portion of West Virginia.
The Company, via Appalachia Coal Corp., a wholly owned subsidiary of the
Company, submitted the prospecting permit application in December 2008. The
DEP has 30 days to respond. Appalachia expects to report the approval of the
prospect permit in the near future at which time crews and machinery will be
put into place to commence drilling and collect samples needed to progress the
project forward towards full permitting and possibly extraction status,
subject to the results of drilling.
All current work on the West Virginia properties is being supervised by
Mike Green of Green Engineering, Inc., who is a registered professional
engineer in Philippi, W.Va., and will be operating as the Company's qualified
person under National Instrument 43-101. Mr. Green has reviewed the technical
content of this news release and confirms its accuracy. Mr. Green is
independent of the Company.
North American Gem Inc. (TSX-V symbol: 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 Saskatchewan and West
Virginia. In addition to Coal exploration, the Company also has interest in
Uranium, Copper, Gold, Molybdenum and other base metals in Canada. The Company
has advanced the Louise Lake copper-gold-molybdenum-silver project, located in
British Columbia and has produced a NI 43-101 compliant Resource estimate
(included in its NI 43-101 Technical Report dated July 14, 2006 and filed on
SEDAR). In Alberta, the Whiskey Gap and Western Basin Uranium potential
projects. The Mosquito Gulch Uranium property located in the Northwest
Territories and the Ranger Lake Uranium property located in Ontario.
On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
President and Director
THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This report contains forward-looking statements, particularly those
regarding cash flow, capital expenditures, and investment plans. Resource
estimates, unless specifically noted, are considered speculative. The Company
has filed a National Instrument 43-101 resource estimate on the Louise Lake
property. Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature, forward-looking
statements involve risk and uncertainties because they relate to events and
depend on factors that will or may occur in the future. Actual results may
vary depending upon exploration activities, industry production, commodity
demand and pricing, currency exchange rates, and, but not limited to, general
Cautionary Note to US investors: The U.S. Securities and Exchange
Commission specifically prohibits the use of certain terms, such as "reserves"
unless such figures are based upon actual production or formation tests and
can be shown to be economically and legally producible under existing economic
and operating conditions.
For further information:
For further information: 430-609 Granville Street, Vancouver, BC,
Canada, V7Y 1G5, Phone (604) 683-5445, Facsimile (604) 687-9631,