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NAG North American Gem Inc.

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Share Name Share Symbol Market Type
North American Gem Inc. TSXV:NAG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

North American Gem Inc. Has Commenced Drilling in Saskatchewan

29/08/2011 2:00pm

Marketwired Canada


North American Gem Inc. (NAG) (TSX VENTURE:NAG) reports that DJ Drilling LTD. of
Aldergrove, B.C., has commenced drilling near Hudson Bay, Saskatchewan. NAG has
permitted five fully approved drill locations to the south of the Goldsource
Mines "Border Property". 


The Hudson Bay area has been the target of coal exploration by various companies
since the discovery drill hole by Goldsource in 2008. This discovery has
resulted in a NI 43-101 estimate of coal resources in several small basins that
include 79.2 million Indicated tonnes plus 33.0 million Inferred tonnes on the
Border properties (March 17, 2011 News Release). Across the border, in Manitoba,
Westcore Energy LTD. has intersected coal units of up to 99.0 m in composite
thickness (March 2, 2011 News Release).  


Nearer to the NAG permits, Saturn Minerals Inc. has discovered one coal basin
which contains two significant coal seams at an average depth of 100 to 110 m
with coal units up to 9.6 m in thickness. 


NAG has engaged Dahrouge Geological Consulting Ltd. (Dahrouge) of Edmonton,
Alberta, to manage its Saskatchewan coal exploration. Dahrouge has significant
experience in exploring for, and developing deposits of thermal coal within the
Western Canada Sedimentary Basin. 


The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed on behalf of the company by Jody Dahrouge, P.Geol., of Dahrouge
Geological Consulting Ltd., a qualified person.


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.


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