North American Gem Inc. Resumes Mining Operations at North American Gem #2 Mine
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/28/11 -- North American Gem Inc. (NAG) (TSX VENTURE: NAG) reports that it has resumed mining operations at the North American Gem #2 Mine. Reclamation and production equipment is currently being mobilized to the mine site.
Under an Agreed Order with the United States Bankruptcy Court, NAG has recently been granted relief to replace M3 Energy Resources, LLC, who were listed as operators at the North American Gem #2 Mine in December 2010.
"We are pleased to finally be able to move past the operating complications that were inhibiting production at the North American Gem #2 Mine," stated Charles Desjardins, President of North American Gem Inc. "We are looking forward to concentrating on maximizing the Company's assets in Kentucky."
North American Gem Inc. (TSX VENTURE: 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. In addition 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:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. 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 economic factors. 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.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
North American Gem Inc.
Charles Desjardins
President and Director
604-683-5445
604-687-9631 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 28.09.2011 - 16:47 Uhr
Sprache: Deutsch
News-ID 70697
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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