Rio Tinto hails another step closer to develop Serbian lithium mine
If developed, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs.
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.
via North American Gem Inc. Has Commenced Drilling in Saskatchewan.
