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The Company's primary goal is to explore for Coal in North America, currently the focus is in Kentucky, Saskatchewan and West Virginia.

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Message: North American Gem Inc. now exceeds 1 million acres of coal prospecting permits

North American Gem Inc. now exceeds 1 million acres of coal prospecting permits

posted on Nov 26, 2008 01:25PM

That means 1,838 square miles or 4,761 square Km

That's a lot and still many permits to receive...

I wonder how much ton of coal that represent...


The Company has received an additional 187 Coal Prospecting Permits

TSX-Venture: NAG

VANCOUVER, Nov. 26 /CNW/ -

North American Gem Inc. (TSX-V symbol: NAG)


(The Company) is pleased to announce that the Company has received an
additional 187 Coal Prospecting Permits from Saskatchewan Energy and
Resources, near the most recent coal discovery by Goldsource Mines Inc. (TSX-V
symbol: GXS). This now brings the total to 620 Coal Prospecting Permits
covering an area of 1,176,617 acres (476,160 hectares) that have been approved
by Saskatchewan Energy and Resources.


North American Gem would also like to announce that several second
priority permits have been advanced to first priority status, increasing the
total of first priority status to 498 confirmed coal prospecting permit
applications
(not including the 620 approved applications).


All of the ground that has been applied for has been done so in
accordance will all the rules and regulations set forth by the government of
Saskatchewan's permitting office. As with all other companies applying for
coal dispositions in Saskatchewan, North American Gem Inc., has its
applications and coal prospecting permits subject to the Saskatchewan
government's approval process.


Mike Magrum, PEng, a qualified person under National Instrument 43-101,
has approved the technical content of this news release.

http://www.newswire.ca/en/releases/a...

ecce

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