Jul 4 2008,  9:43am EST
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Western Basin Property

Area: North Eastern Alberta

Introduction / Description
Alberta Geological Survey Bulletin No. 55, details the presence and alterations of a saprolite rock unit on the North American Gem Inc. property. This saprolite unit is preserved immediately beneath the unconformity by the overlying Athabasca Sandstone Group. Two extensive fault systems cross cut the property in a west-northwest/east-southeast direction. These faults run directly under portions of the property's Athabasca Group Sandstones and appear to continue past the Saskatchewan border to the Maurice Bay Deposit area. Similar fault systems are perceived to play a role in uranium mineralization in other parts of the basin including Maurice Bay.

Historically, uranium exploration programs in the Athabasca Basin have been hampered by the high cost associated with deep (+300m) drilling programs needed to reach and test the targeted Athabasca unconformity. Alberta Geological Survey Bulletin No. 55, documents several holes, which map the Athabasca Unconformity on the Western Basin property between 10 m and 95 m from surface.

Key Points
Encompassing 25 sq. km of mapped "Athabasca Basin Geology" and confirmed outliers of the Athabasca Group Sandstones. Similar geology hosts many of the high-grade uranium deposits found in the Athabasca uranium district, such as Rabbit Lake, Key Lake and Maurice Bay.

Target Mineral Uranium

Claim Interest: 100%

Land Area: 92,000 acres

Claim/permit id
4 claim units of approximately 23,000 acres each.

Stage in Exploration
Terraquest Surveys of Markham, Ontario has been contracted to fly an extensive geophysical airborne survey. We are currently awaiting results.


Future Development
Awaiting the analysis from Terraquest Surveys.


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