MISSISSAUGA, Ontario, Sept. 22, 2006 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company, North American Gem Inc. (TSX-V:NAG).
North American Gem Inc. 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 and the Mt. Ogden 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.
A resource estimate by SRK Consulting for North American Gem's Louise Lake Project announced 6 million tonnes of indicated mineral resources and 141 Million tonnes of inferred mineral resources. Based on numbers provided by SRK Consulting that indicated Copper values of $1.20 per pound, Gold at $450 per ounce, Silver at $7.00 per ounce, and Molybdenum at $8.00 per pound, the in ground value of the estimate was valued at approximately two billion dollars. With mineral prices rising since that announcement, the in ground value at the Louise Lake project can be valued at over four billion dollars.
A complete NAG profile can be viewed at: http://www.allpennystocks.com/apsc/can/stock_profiles/nag.htm
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AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and U.S. site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs weekly penny stocks to watch, has a daily market write-up, provides company spotlights, runs a unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, Nasdaq and OTC BB, and much more information for the average investor.
Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on North American Gem Inc. (TSX-V:NAG); the amount is four thousand eight hundred dollars by the company for its efforts in presenting the NAG profile on its web site and distributing it to its database of subscribers as well as other services. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/can/stock_profiles/nag.htm.