Friday, November 16, 2007 1:48:12 PM
Supplied to me today by Lorne Dingle, the company IR:
The Deadmoose Lake claims (app. 640 acres) in Shillington Township, which Sarissa owns, are in a boggy type swamp. Sarissa,
last spring, had the property flown by a helicopter to produce what is called a, "Vertical Time Domain Electronic Survey" or VTEM. Mike White, our consulting geologist, has intepreted the survey and picked out 4 drilling targets or anomalies: diamond, gold, nickel and platinum. Scott, Sarissa's new president has expressed the desire to drill these targets this winter (you can't work on the property until there is a freeze up). Sarissa will either drill the property itself (say 10 100 meter holes, two for two targets, 3 for two other, from opposite directions)) or joint venture with a partner where the partner would pay for all the drilling costs to earn 50% of the property. Nothing has been decided yet.
Part 2: http://investorshub.advfn.com/boards/read_msg.asp?message_id=24600444
Part 1: http://investorshub.advfn.com/boards/read_msg.asp?message_id=24599947
stay tuned for more DD on the other properties next week, when i'll have more information :)
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