Shining Tree

In March 2009, Sarissa optioned the “Shining Tree” property consisting of 16 claim units (approximately 640 acres) in the townships of Asquith and Churchill in the Shining Tree district. On a regional scale the property is located within the prolific Abitibi greenstone belt which is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property appears to be on trend with the Larder Lake - Cadillac Break with which many of the world-class gold deposits are spatially associated. The Shining Tree property is also centered on the axis of a regional gravity high signifying an area of thick supra-crustal rocks and under-plating by oceanic crust. In the Abitibi these associations appear conducive to the discovery of major gold deposits.

Sarissa carried out an initial investigative program on the property under the supervision of a contract Geologist, consisting of 4 one metre long channel samples from the quartz-carbonate veins in the area known as Area One/Two, as well as grab samples after blasting a 9 metre section from Area Three. The samples were assayed at Polymet Labs in Cobalt, Ontario, and returned the following results:

One Metre Channel Samples from Areas One & Two:

Sample Number             Au g/tonne

353401                    0.206

353402                    0.069

353403                    0.686

353404                    10.834

Grab Samples after blasting from Area Three:

Sample Number             Au g/tonne

353405                    4.731

353406                    13.097

353407                    10.972

353408                    15.772

353409                    25.92

353410                    0.069

353411                    2.606

353412                    1.989

353413                    2.606

353414                    14.743

353415                    20.297

353416                    2.949

353417                    3.154

353418                    9.463

353419                    1.509

Average of 15 Samples     8.658 grams per tonne

The late Alan Hawke visited the Shining Tree property to check the Quartz Vein/Stockworks that have been exposed, which have been identified as Areas One to Four. Areas One and Two are the same North-South Striking Quartz Vein/Stockwork system. Area Three is 300 metres north, and strikes East-West. Area Four is 200 metres further north. It is thought that Areas One/Two and Four are related which are joined by the Area Three East-West Quartz Stockwork.

The Four areas have been sampled by shallow saw cut channels, which only sampled the main exposed quartz veins. Results of this sampling indicated that Area Three warranted more detailed testing.

Area Three was then opened up with surface blasting over a nine metre section along the main east-west quartz/stockwork veining. Fifteen samples were taken along this and as noted above averaged 8 grams per tonne rock. The extent of this high grade quartz-stockwork has not been determined due to being covered by glacial till.

Alan Hawke considered the results above are indicative of the potential for an extensive gold rich quartz veining/stockwork system

Following this initial program, a summer surface exploration program was conducted under the supervision of the late Alan Hawke, and the resulting data reviewed by Warren Hawkins, geologist. The program consisted of stripping and blasting work on the historical large scale gold bearing quartz stockwork vein systems and wall rocks found within the central area of the property. Values as high as 53.9 grams per tonne (1.57 ounces per ton) gold were obtained. These results confirm that gold mineralization on the property is found within a broad spectrum of geological horizons, and the potential for a large tonnage deposit is very promising.

Two diamond drill holes were collared to test the newly identified northern Gosselin extension near surface (Drillhole SC-1) and the central Gosselin zone at depth (Drillhole SC-2). Hole SC-1 was drilled to a depth of 148.86 meters at an inclination of -45 degrees and encountered a series of quartz stock-work veins from surface to a down-hole depth of 32 meters hosted within foliated felsic volcanic. Veins and wall rocks commonly contained finely disseminated pyrite and chalcopyrite. Anomalous values for gold and silver were identified in several intervals within this zone. Underlying the quartz stockwork zone was a series of highly foliated felsic to mafic volcanic sequences showing varying amount of carbonatization and silicification alteration. Varying amounts of fine pyrite and chalcopyrite mineralization were also noted. Anomalous gold and silver mineralization is also evident in these rock sequences.

Drillhole SC-2 was drilled in the central area of the property to test for possible depth extensions of previously identified gold bearing horizons in historical drilling programs. SC-2 was drilled to a depth of 152 meters at an inclination of -45 degrees. This hole also encountered a series of foliated felsic to mafic volcanic units with varying amount of carbonate alteration and silicification. Fine pyrite and chalcopyritic mineralization was evident throughout these rock sequences; in some instances the mineralization was quite abundant ( > 5%). Significant values of both gold and silver mineralization in hole SC-2 are reported as follows:

Grams/Tonne Gold    Grams/Tonne   Intersection     Depth
                      Silver         Meters       From (M)      To (M)

     9.26              24.56          2.06          33.94          36
                       15.93          3.32             36       39.32
     1.17                             3.19          42.44       45.53
                        32.3          1.09          44.44       45.53
                       61.51          0.85          55.15          56
                       54.48             2             64          66
      1.4                             4.85          54.15          59
     0.45                               11             64          75
                       56.32          3.68             89       92.68
True widths for the intervals reported above are not known at this time. Sarissa's management is extremely pleased with these initial results as indications are that gold and silver concentrations in the central Gosselin zone area may improve with depth. Further drilling to test for depth extensions is presently being planned.

 
Sample from 38

Sample 2 from 38

Drill set-up

Picket for first drill

Taking out the core

First drill core

06-19-09 109 Shining Tree No_3   06-19-09 110 Shining Tree No_3   06-19-09 111 Shining Tree No_3   06-19-09 119 Shining Tree No_3   06-19-09 120 Shining Tree No_3   06-19-09 121 Shining Tree No_3   IMG_0370   IMG_0490   IMG_0495   IMG_0513   IMG_0522   Old Shaft St area 2   Stripped Area 1   Stripped Area 4 (4)   Stripped Area 4   Stripped area 4 (2)   Stripped area 4 (3)