Pacaud

In November 2007, Sarissa acquired a prospective gold property in Pacaud township near Kirkland lake, Ontario, Canada. The claim group consists of 40 acres in the region of the historic gold producing area of Kirkland Lake in Northern Ontario. The Kirkland Lake region as a whole qualifies as Canada's second most prolific historical gold mining camp, and area gold mines have produced twenty-two million ounces of gold since the first discovery in 1913. In spite of the long history of gold production in the Kirkland Lake area, 16 new mineralized zones have been discovered since 2001 by Kirkland Lake Gold Inc. KL Gold plans to produce 80,000 to 100,000 ounces of gold by 2009.