Adit Report

admin on January 11th, 2009

Adit – Original Assay Data

Report: April 1958 G.E. Parsons

Recalculated & Plotted: January 2009

A.A. Hawke B.Sc.M.Sc. MAusIMM

Introduction and Adit Location

In 1958 Dominion Gulf Company drove an adit 580 feet into the main D Zone of the Nemegosenda carbonatite property northeast of Chapleau, Ontario. The historic data from that report has been recalculated and plotted by Alan Hawke, a director of Sarissa Resources.

The adit was started on the east shore of Lake Nemegosenda. It was driven east for 279 feet, and N65E for 301 feet, with the last 235 feet within Zone D type mineralization. The project was undertaken to provide a bulk sample of material for metallurgical testing.

Adit Geology

G.E. Parsons, the author of the report, presented the following comments on Zone D geology in the excerpts below:

“Zone “D” Rocks

As indicated in the diamond drilling, Zone “D” in the adit consists of various proportions of three rock types – fenites, orthoclase-rich rocks, and malignite…The grade of the columbium [niobium] is best where the malignite predominates. This malignite in the adit occupies openings and fractures varying from a fraction of an inch to several feet across, or as a matrix to a breccia formed by the intersecting of fractures. The fenites or orthoclase-rich rocks (felspathized fenites) are the host rocks for the malignite…

Fine pyrochlore is readily visible in most of the rock called malignite.”

Summary of Pertinent Data

Parsons summarized the data as follows:

“Adit collared 305 feet north of the Chewett-Collins Township line in Claim S82921 but it quickly passed into Claim S82918.

Driven: east for 279 feet

N65E for 301 feet

Total 580 feet

Elevation of adit at collar: 7 feet above lake – at face: 10.5 feet.

Advance in waste: 345 feet

In ore (Zone “D”) 235

Total slushing 1,166 cubic feet.

Approximately 1,500 tons of waste broken

Approximately 1,000 tons of ore (Zone “D”) broken.

Estimates of massive malignite in Zone “D” from vertical sections 33%

From diamond drill core 42%.

Zone “D” mineralization in adit – from Sta. 106 – Face

From Rd. 57 – 93, inclusive.

Bulk sample straight advance (Rd. 57 – 93) 677 bags

Slash 4 10

Slash 5 315

Total 1002 bags.

Average grade of rock penetrated by adit in Zone “D” – exclusive of malignite slash samples – 0.57% Cb₂O₅ [Nb₂O₅].”

The data from the historic bulk sampling program have been recalculated and plotted on the attached excel file. The samples numbered from 57 to 93 are from what has been designated as the D Zone.

Note: The reports and results referenced herein are historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however they are considered material to the prospectivity of the Nemegosenda Project. A “qualified person”, as defined under NI-43-101, has not done sufficient work to comment on the relevance or reliability of these historical estimates. The company is not treating the historical estimates as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Sarissa currently does not have access to more recent estimates or data relating to the Lake Nemegosenda property, except as outlined here and in previous news releases, and reports.

Alan Hawke, BSc. MSc. (Geology), a director of Sarissa, is a “qualified person” within the meaning of National Instrument 43-101 and has reviewed the technical information contained in this report.

View the Recalculated Assay Data

Sampling Data
Note: Samples were taken from each Shot Round and are considered to be representative of that area of the Adit

Shot Round	Tons	Distance from				Sample	Sample	Nb₂0₅%	Nb₂0₅%
Number	in	Adit Portal				Length	Mid-Point		X
From	Round								Sample
Portal		From ft	From m	To ft	To m	m			Length

13		41	13,45	48	15,75	2,30	14,60
14		48	15,75	55	18,04	2,30	16,90
15		55	18,04	61	20,01	1,97	19,03
16		61	20,01	66,5	21,82	1,80	20,92
17	21	66,5	21,82	70,9	23,26	1,44	22,54	0,40	0,58
18	31,5	70,9	23,26	75,5	24,77	1,51	24,02	0,20	0,30
19	30	75,5	24,77	82,2	26,97	2,20	25,87	0,46	1,01
20	24	82,2	26,97	87,5	28,71	1,74	27,84	0,34	0,59
21	28,5	87,5	28,71	92,5	30,35	1,64	29,53	0,26	0,43
22	31,5	92,5	30,35	98	32,15	1,80	31,25	0,13	0,23
23	33	98	32,15	105	34,45	2,30	33,30	0,17	0,39
24	27	105	34,45	109	35,76	1,31	35,10	0,23	0,30
25	33	109	35,76	114	37,40	1,64	36,58	0,24	0,39
26	22,5	114	37,40	120	39,37	1,97	38,39	0,37	0,73
27	25,5	120	39,37	127,5	41,83	2,46	40,60	0,37	0,91
28	27	127,5	41,83	132,5	43,47	1,64	42,65	0,36	0,59
29	21	132,5	43,47	138	45,28	1,80	44,37	0,37	0,67
30	28,5	138	45,28	144	47,24	1,97	46,26	0,39	0,77
31	25,5	144	47,24	151,5	49,70	2,46	48,47	0,39	0,96
32	28,5	151,5	49,70	158,5	52,00	2,30	50,85	0,31	0,71
33	22,5	158,5	52,00	165,5	54,30	2,30	53,15	0,24	0,55
34	27	165,5	54,30	172,5	56,59	2,30	55,45	0,27	0,62
35	27	172,5	56,59	177	58,07	1,48	57,33	0,45	0,66
36		177	58,07	182	59,71	1,64	58,89	0,34	0,56
37		182	59,71	190	62,34	2,62	61,02	0,36	0,94
38	30	190	62,34	198	64,96	2,62	63,65	0,33	0,87
39		198	64,96	204	66,93	1,97	65,94	0,24	0,47
40	25,5	204	66,93	210	68,90	1,97	67,91	0,34	0,67
41		210	68,90	216	70,87	1,97	69,88	0,40	0,79
42		216	70,87	222	72,83	1,97	71,85	0,36	0,71
43		222	72,83	229	75,13	2,30	73,98	0,34	0,78
44		229	75,13	235	77,10	1,97	76,12	0,35	0,69
45		235	77,10	240	78,74	1,64	77,92	0,37	0,61
46		240	78,74	247,5	81,20	2,46	79,97	0,37	0,91
47		247,5	81,20	253,8	83,27	2,07	82,23	0,34	0,70
48		253,8	83,27	260,1	85,33	2,07	84,30	0,47	0,97
49		260,1	85,33	266,9	87,57	2,23	86,45	0,42	0,94
50		266,9	87,57	273,7	89,80	2,23	88,68	0,41	0,91
51		273,7	89,80	279,4	91,67	1,87	90,73	0,33	0,62
52		279,4	91,67	285,1	93,54	1,87	92,60	0,34	0,64
53		285,1	93,54	292,5	95,96	2,43	94,75	0,14	0,34
54		292,5	95,96	299,9	98,39	2,43	97,18	0,09	0,22
55		299,9	98,39	306,4	100,52	2,13	99,46	0,33	0,70
56		306,4	100,52	312,9	102,66	2,13	101,59	0,17	0,36
57	24	312,9	102,66	318,6	104,53	1,87	103,59	0,64	1,20
58	33	318,6	104,53	326,4	107,09	2,56	105,81	0,89	2,28
59	21	326,4	107,09	331,3	108,69	1,61	107,89	0,74	1,19
60	15	331,3	108,69	334,9	109,88	1,18	109,28	0,61	0,72
61	15	334,9	109,88	338,7	111,12	1,25	110,50	0,73	0,91
62	21	338,7	111,12	344,9	113,16	2,03	112,14	0,59	1,20
63	24	344,9	113,16	350,4	114,96	1,80	114,06	0,52	0,94
64	33	350,4	114,96	357,9	117,42	2,46	116,19	0,64	1,57
65	31,5	357,9	117,42	368,8	121,00	3,58	119,21	0,54	1,93
66	30	368,8	121,00	371,4	121,85	0,85	121,42	0,55	0,47
67	34,5	371,4	121,85	379	124,34	2,49	123,10	0,50	1,25
68	31,5	379	124,34	385,9	126,61	2,26	125,48	0,51	1,15
69	30	385,9	126,61	392,3	128,71	2,10	127,66	0,34	0,71
70	34,5	392,3	128,71	400	131,23	2,53	129,97	0,47	1,19
71	24	400	131,23	406,7	133,43	2,20	132,33	0,44	0,97
72	25,5	406,7	133,43	412,8	135,43	2,00	134,43	0,51	1,02
73	19,5	412,8	135,43	417,4	136,94	1,51	136,19	0,50	0,75
74	19,5	417,4	136,94	422,8	138,71	1,77	137,83	0,53	0,94
75	25,5	422,8	138,71	429,9	141,04	2,33	139,88	0,61	1,42
76	28,5	429,9	141,04	436	143,04	2,00	142,04	0,56	1,12
77		436	143,04	443,4	145,47	2,43	144,26	0,46	1,12
78	37,5	443,4	145,47	450,9	147,93	2,46	146,70	0,57	1,40
79	34,5	450,9	147,93	457,2	150,00	2,07	148,97	0,41	0,85
80	30	457,2	150,00	464,5	152,40	2,40	151,20	0,43	1,03
81	27	464,5	152,40	471,1	154,56	2,17	153,48	0,67	1,45
82	30	471,1	154,56	477,5	156,66	2,10	155,61	0,70	1,47
83	33	477,5	156,66	484,6	158,99	2,33	157,82	0,69	1,61
84	28,5	484,6	158,99	491,2	161,15	2,17	160,07	0,47	1,02
85	22,5	491,2	161,15	496,4	162,86	1,71	162,01	0,57	0,97
86	31,5	496,4	162,86	503,4	165,16	2,30	164,01	0,61	1,40
87	27	503,4	165,16	509,9	167,29	2,13	166,22	0,50	1,07
88	28,5	509,9	167,29	516,7	169,52	2,23	168,41	0,61	1,36
89	25,5	516,7	169,52	522,7	171,49	1,97	170,51	0,50	0,98
90	28,5	522,7	171,49	529,1	173,59	2,10	172,54	0,67	1,41
91	24	529,1	173,59	535,2	175,59	2,00	174,59	0,66	1,32
92	24	535,2	175,59	541,3	177,59	2,00	176,59	0,62	1,24
93	28,5	541,3	177,59	547,8	179,72	2,13	178,66	0,69	1,47


					Sample Numbers 17 to 56
					Weighted Average Nb₂O₅% per meter				0,29%

					Sample Numbers 57 to 93
					Weighted Average Nb₂O₅% per meter				0,57%