North American Gem Finalizes the Acquisition of Blue Gem Coal Lease

- April 15th, 2010

North American Gem Inc. (TSX VENTURE:NAG) reported that it has finalized the acquisition of an additional 650 acre multi-seam coal lease in Knox County, Kentucky which will be known as the Gilliam Hill Lease.

North American Gem Inc. (TSX VENTURE:NAG) reported that it has finalized the acquisition of an additional 650 acre multi-seam coal lease in Knox County, Kentucky which will be known as the Gilliam Hill Lease.

The press release is quoted as saying:

This newly acquired lease is immediately adjacent to the North American Gem #2 Mine and also contains the readily marketable Blue Gem coal throughout the entire lease area with an average seam thickness of 2 feet. In addition to the Blue Gem seam, the Jellico and Dean seams have been confirmed on the lease as well.

Click here to access the entire press release

Click here to access North American Gem  Corporate Site

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