Strongbow presently has an option to earn a 30% interest in the Gem property, comprised of three prospecting permits covering roughly 44,000 ha in central Melville Peninsula. The permits were acquired in February 2003 with the intension of covering several outcrops of ‘serpentinized ultramafic rock’ identified on early mapping published by the Geological Survey of Canada.

Exploration to date has consisted of the collection of 32 regional till samples during the summer of 2003, as well as the ground truthing of several of the mapped ‘ultramafic’ bodies. These field investigations did not result in the discovery of kimberlite, however results of the till sampling indicate at least one specific area of the property requires further follow up exploration. Plans for 2004 included detailed follow sampling of anomalous results from 2003.

Strongbow’s partners on the property are NDT Ventures Ltd., Stornoway Diamond Corporation and BHP Billiton.