East Zone Update

As has been previously reported, our geologists continue to investigate the vast amount of historical exploration data that is available on the Nemegosenda property. One area that was initially identified by Gulf, the East Zone, had subsequent exploration conducted in 1988, including an airborne geophysical survey conducted by Aerodat; the core from 9 of Gulf’s original drill holes in this area was salvaged and relogged by Musto Explorations; and 12 trenches were exposed for approximately 475 metres for sampling. The exploration was summarized in the “Report on the Geology and NB, Y, REE Potential of the East Zone Nemegosenda Lake Alkaline Complex” by, Beaty Geological Ltd, in 1988. Their findings have been incorporated internally to assist Sarissa in our ongoing exploration of this area.

Based on the data we have reviewed, the South East Zone warrants substantial follow-up exploration work. Sarissa consulting geologist, Warren Hawkins, has recommended an exploration grid be cut over the  Zone, followed by a total field magnetic ground survey and a radiometric survey, in order to expand on the known areas of mineralization. An overview can be seen below.

In addition to the ground work to be conducted in the East Zone areas, we hope to begin drilling the first phase in the main D Zone shortly. An extensive diamond drilling plan has been designed by Sarissa director, Alan Hawke, and can be viewed here. The plan calls for 61 holes to be conducted in a number of phases, with possible revisions dependent on results.