North American Gem Inc. Commences Operation of North American Gem Mine #1 in Whitley County, Kentucky
2009年10月30日 - 2:40AM
Marketwired
North American Gem Inc. (NAG) (TSX-V: NAG) is pleased to announce
the commencement of operation at North American Gem Mine #1 in
Whitley County, Kentucky. The new mining permit number is
#918-0420. At this time, equipment is being moved onto the site
with the first task of upgrading the haulage road to the mine face.
Since the area had been mined previously, an existing haul road is
in place which will require an establishment of proper drainage and
stone for the surface. The length of the road is less than 1/2
kilometer in length. The augering equipment set up has begun and
North American Gem Inc. expects to have coal prepared for transport
to market by Friday, November 6th, 2009.
The North American Gem Mine #1 is permitted for the use of
augers to enter the coal seam from the exposed wall with minimal
additional excavation and maximum cost effectiveness. This type of
mining dramatically reduces the amount of surface disturbance and
allows for recovery of coal without removal of overlying material.
Engle Hollow Mining (EHM) has allocated 2 augers to work
simultaneously on different work faces to ensure continuous
production.
Based on the capabilities of the mining equipment being employed
at the North American Gem Mine #1 coupled with the mining
conditions that exist on the site, the production goal is 10,000
net tons per month of production, at this time.
There is currently a sale agreement with Blue Star Energy for up
to 15,000 tons per month of production which ensures the sale of
total production from the mine (See NAG October 21st, 2009
release). The coal sample taken by Blue Star from the North
American Gem Mine #1 resulted in analysis of 8% ash, < 1%
sulphur and 12,800 Btu.
The method of mining to be used at the North American Gem Mine
#1 is known as contour mining. This type of mining is done on
properties that were previously mined prior to the enactment of the
Surface Mine Control and Reclamation act of 1977. This law requires
that after any surface mining, the land must be restored to
approximate original contour unless otherwise specified in the
permit application and approved by the Kentucky Department of
Natural Resources (KDNR). When "pre-law" mining was done, the
general practice was to mine along the contour of a slope to the
maximum profitable ratio and leave the resulting highwall and a
wide, flat bench where the material covering the coal was removed
and then graded somewhat flat as opposed to restoring the original
slope.
All of North American Gem Inc.'s potential mining operations
will incorporate sediment control methods that will keep ahead of
the increased regulations and restrictions. Furthermore, in
anticipation of increased regulations, NAG has, in all of its
permitting applications, begun the sampling of receiving streams
and groundwater wells utilizing the most stringent and extensive
sampling parameters. This will allow NAG to comply with the
regulatory requirements and will also result in a much shorter and
smoother permitting application process.
North American Gem Inc. plans to have any coal requiring
processing from the North American Gem Mine #1 to be the first coal
to run through the North American Tippling Production Plant (See
NAG September 22nd, 2009 release). Most of the coal produced, based
on laboratory and exploration data gathered during the evaluation
period, is expected to be of high enough quality to ship directly
to the buyer.
The North American Gem Inc. mining operation establishes NAG as
a coal producer with the ability to enter into supply contracts.
The supply contracts established by production from the North
American Gem Mine #1 are expected to be expanded upon as the
Company increases operations in the area. The performance and
capabilities of production from the North American Gem Mine #1 will
determine the point at which further production from additional
leases is commenced.
Mr. Dean Schafer is acting as operations manager of all the
Company's Kentucky coal leases and is currently implementing an
overall mine plan.
Mike Magrum, PEng, a qualified person under National Instrument
43-101, has approved the technical content of this news
release.
North American Gem Inc. (TSX-V: 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"
Charles Desjardins
President and Director
"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."
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.
Contact: North American Gem Inc. 430 - 609 Granville Street
Vancouver, BC, Canada V7Y 1G5 Phone 604-683-5445 Facsimile
604-687-9631 info@northamericangem.com www.northamericangem.com
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