The Gem molybdenum deposit is located in southern British Columbia near the town of Harrison.  The company owns and undivided 100% interest in the property and surrounding claims.

Mineralization on the property has been known since 1912 and was mined for high-grade molybdenite at that time.  Development and test-mining was carried out in the mid 60s and an adit driven almost 500 ft into the mineralised body.  In 1975 AMAX Potash Ltd carried out a brief exploration program and consolidated the data to produce an of 30Mt @ 0.205% MoS2, which was revised to an inferred 15.9Mt @0.125% MoS2. Neither estimate is NI 43-101 compliant.

In 2005 the Company conducted a surface prospecting program, assays of which returned high tungsten grades (up to 0.43% WO3) and accompanying gold values of 3g/t Au and 50g/t Ag.

The British Columbia Geological Survey categorized the Gem as a 'developed project', however further work is necessary for a preliminary economic assessment to be in accordance to NI 43-101 standards.

See the B.C. MINFILE for more info.