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Victory Mountain Ventures Ltd. (VMV:CA)

Company
Discussion
Profile

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Web site:

http://www.northamericangem.com/

North American Gem Inc. (TSX-V symbol: NAG) is a coal producing company with mining operations in Kentucky. With one mine currently in operation, North American Gem Inc. is working towards starting production at its next mine on the Swan Pond property which is now fully-permitted and contains Jellico and Blue Gem Coal.

North American Gem Inc. has been aggressive in acquiring leases and permits in Kentucky to allow for future growth. With additional properties leased and the permit for Granny Rose awaiting approval, North American Gem Inc. is poised to continue its expansion as a key player in the Kentucky coal market.

North American Gem Inc. (TSX-V symbol: NAG) is a junior resource company in Western Canada. The company's major focus is expanding its coal mining operations at its flagship properties in Kentucky. In addition, the company has interests in coal, copper, molybdenum, and other base metals in Canada.

Projects

Kentucky Coal

Overview

Kentucky, the Bluegrass State, is well-known as one of the best coal producing locations in North America. With a rich history in coal mining that dates back to 19th century, Kentucky has some of the most prolific coal deposits in the world, a strong infrastructure and an experienced workforce.
Kentucky Operations
North American Gem Inc. currently has three fully-permitted mines in Kentucky.

Mine #1, located in Whitley County, came into operation in November 2009. The mining is now complete and Mine #1 is currently in reclamation.
Mine #2, located in Knox County, contains Blue Gem Coal and Jellico Coal. Production began August 4, 2010 and will be approximately 8,000 to 10,000 tons per month in total.
Mine #3, located in Knox County, contains Jellico and Blue Gem Coal. Mine is now fully-permitted and operations will begin as soon as the access road is designed and completed.

With Mine #2 and Mine #3, North American Gem Inc. now has a significant footing in the region en route to becoming a long-term producer and player in the Kentucky coal market. The company also has a strong foundation for future development in Kentucky with pending mining permits, additional leases currently being explored, and favourable infrastructure near the mine sites.