Nov 21 2008,  3:59pm EST
NAG
NAG  0.07  +0.01


 

News Release

North American Gem Inc. has now Commenced its Drilling Program on the Whiskey Gap Project

Nov 17, 2005: North American Gem Inc. (NAG:TSX-v) (the Company) is pleased to announce that drilling has now commenced on the Whiskey Gap Project. The Whiskey Gap property, located in southern Alberta, is contiguous with North American Gems 200,000 acre Del Bonita property and underlain by a series of fluvial sandstones of Cretaceous age, thought to be analogous to sandstones in parts of Texas and Wyoming that host significant roll front uranium deposits.

Preliminary sampling of domestic water sources by International Ranger has defined several very strong radon and uranium anomalies in the water, that compare favorably with published radon studies conducted in proximity to sandstone hosted uranium ore bodies in Texas and Wyoming. The text of the International Ranger geological report on the Whiskey Gap property by G.S. Hartley may be viewed at http://www.internationalranger.com/Prospect.pdf .

The Company has contracted HC Drilling Inc. of Richmond, British Columbia for drilling to test approximately fifteen recently identified targets.

This Exploration project is being conducted under the direction of Glenn .S. Hartley P. Geol. in accordance with the regulations of National Instrument 43-101.

North American Gem Inc. (NAG:TSX-v) is a junior exploration Company based in Western Canada. The Company's primary goal is to explore for Uranium, Molybdenum, Gold, Copper and other Base metals. The Company is actively pursuing several opportunities, including the company's Louise Lake Property located in British Columbia, Canada and its Uranium and Multi-mineral deposit Properties which are the Del Bonita, the Western Basin, the Bonny Fault, and the Whiskey Gap, all located in Alberta, Canada.

On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
Charles Desjardins
President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon,including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.


--------------------------------------------
Contacts

North American Gem Inc., +1-604-683-5445
Email: news@northamericangem.com


Next » North American Gem Inc. Completes Radiometric Logging of Drill Hole 1 and the Radon Discovery Water Well