North American Gem Inc. announce that the Company has received an additional 154 Coal Prospecting Permits from Saskatchewan Energy and Resources, near the most recent coal discovery by Goldsource Mines Inc.. This now brings the total to 223 Coal Prospecting Permits covering an area of 422,135 acres (200,832 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 895 confirmed coal prospecting permit applications (not including the 223 approved applications).
“We are pleased to see our first priority status increase at this stage in the permitting process,” said Charles Desjardins, President of North American Gem Inc., “We have made a commitment to be a major land holder in this newly discovered region, and we are well on our way as our permits continue to receive approval.”
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 Ltd., has its applications and coal prospecting permits subject to the Saskatchewan government’s approval process.
Researchers were hired by North American Gem, immediately following initial permitting, to search for relative historical data in the potential Saskatchewan coal basin. The recovered data will help to guide the initial exploration program.
Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.
North American Gem Inc. 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, to produce a 43-101 compliant Resource estimate. In Alberta, the Whiskey Gap, Del Bonita, Western Basin, and Bonny Fault projects are being explored for Uranium potential. In addition, the Company is also pursuing its Mosquito Gulch uranium property located in the North West Territories and the Ranger Lake Uranium property located in Ontario.