Recommendations of John C. Archibald, P.Geo. from the NI43-101 Report.
The next phase of drilling is recommended to extend the deposit to the northeast, east and southeasterly from its known limits within the ‘D’ Zone The nine hole drill program completed by Sarissa during 2008-2009 support the potential for strike and dip extensions to the known mineralized zones.
At least two rows of additional holes are required which would further delimit the ‘D’Zone mineralization. It includes at least two new grid lines of drilling, one 50 metres north, and the other 50 metres south of the three drilled grid lines already drilled by Sarissa, to be completed during the next exploration phase.
The aim of the next phase of drilling is to fully delineate the ‘D’Zone Niobium mineralization and to bring the resource and previous reserve estimate to fully NI 43-101 compliant standards for future reporting by the company. A number of “cross-over” drill-holes at –45 degrees to verify that the vertical drilling results of historical drilling is recommended.
A detailed preliminary metallurgical testing program is also recommended for inclusion in the program as a Phase two follow-up. It is to be undertaken as soon as possible to further support the economics of the project.
The ‘South-East’ Area warrants further exploration ad diamond drilling to confirm and expand on this potential resource as well. Drilling is to be done along a systematic UTM grid system and backed up with “cross-over” drill holes to confirm historic drill results and as an aid in determining the dip of the deposit.
Further surface exploration using back-hoe trenching, surface geophysics, geochemical surveys and radiometrics is not warranted at this stage of the project as the two main mineralized zones need to be properly delineated by detailed drilling. A well-cut, surveyed grid system with GPS stations taken at all turn-off points along the baselines and at all drill-hole locations is to be emplaced prior to any further work on the property to provide an accurate system tying all historic work to future exploration work.
Base Line environmental data collection should also be instituted as good general practice in the event a production or advanced exploration stage is contemplated.
Local Aboriginal land issues need also to be addressed as part of the same process if advanced exploration or production is contemplated.
Respectfully submitted,
John C. Archibald P.Geo
Toronto, Ontario
July 21st, 2009.
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Technical Report on the Nemegosenda Property for Sarissa Resources Inc.
19.0 Phase 1 Program
1. Compile all the available data on the property from private and public records including the assessment files in Timmins and Sudbury, and the public special report files on the Nemogesenda past work and other Calc-Alkalic Carbonitite Intrusive complexes found in the same area to determine if there are any common accessory mineral suites and associations to these young age, circular, zoned structure; once the data is collected to have a consulting geophysicist carry out an interpretation of the original airborne flight lines and ground magnetic data to determine if the geophysical results would indicate further targets for the exploration program; and to enter the drill-hole data onto a Gemcom or DataMine program to model the mineralization for future drill targeting…………………………………………………….…………$ 50,000.00
2. Complete a 50 metre grid system over each of the known Zones along two controlled (and GPS) surveyed baselines to cover both deposits with additional lines at interval spreads that should cover any eventual additional resource that may be discovered through the drilling; lines every 50 metres and stations at 25 m. intervals approx.
75 line kilometers incl. 2 baselines @$500/km ……………………..$ 48,750.00
3. Diamond drilling: Extension of the Sarissa 2008-09 Program with 50 m.
step-outs: ‘D’ Zone:
Approx. 6 holes @ 300 m. each @ $100/m ……………………….$ 180,000.00
Over the ‘S.E.’ Zone: 2 holes @ 300 m. ea….600 m. X $100/m … $ 60,000.00
Mob/Demob. Charges to /from each Hole + initial set-ups;
Approx. $15,000 per drill per direction ………………………… $ 30,0000.00
Road Construction for drill pads, access to sites:
Bull-dozer time …………………………………………….. $ 15,000.00
Core Logging facility: incl water, core splitters, manpower,
Generator, wash facilities and core racks ………………….. $ 15,000.00
4. Geological:
2 men for 2 months at $950/day …………………… $ 60,950.00
Coresplitter/cutter for 1 months;1 man @$300/day x 60 days….. $ 9,000.00
Analysis, shipping, bags/supplies etc:
Approx. 1600 samples @ $40.ea. (every 1.5 m intervals) ………….$ 64,000.00
Supplies/materials/shipping ……………………………….. $ 5,000.00
Niton XRF Diffraction analyzer + technician to test core
1 mo.services @ $ 1000/ day ………………………………. $ 30,000.00
Maps and Report ………………………………………… $ 25,000.00
5. Metallurgical Testing- Preliminary Test as per quote from SGS Lab
Quote for Proposal # 290325 ……………………………… $ 19,763.00
Shipping of Mini-Bulk sample……………………………….. $ 2,000.00
6. Environmental Baseline Study:
Acquire data for future environmental studies of the proposed
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Technical Report on the Nemegosenda Property for Sarissa Resources Inc.
mining area around the two indicated open pit areas as well as
information covering all aspects on the property ( flora, fauna,
water, air quality, noise issues) especially if the site goes to
advanced exploration and open pitting which will require an
environmental impact study as well as a comprehensive closure
plan …………………………………………………………. $ 50,000.00
7. Support Services:
Vehicle rental: 2 x 4x 4 truck at $1,500/mo x 6 mo ……………. $ 18,000.00
Field Equipment/supplies: …………………………………….. $ 5,000.00
Sample Shipping: ………………………………………… $ 1,500.00
Room/Board: 3 men, local for 3 months at $125/day/man………….$ 33,750.00
Travel to/from site/home station ………………………………… $ 10,000.00
8. Engineering, supervision, maps, reports. …………………………. $ 20,000.00
Sub-total of the above $ 752,713.00
10 % Contingency on the above program $ 75,271.30
Total for the above Program $ 827,984.00
20.0 Phase II Program
1. 10,000 m. of diamond drilling to test a number of geophysical and geological targets as well as re-check the underground resources at the Sarissa Resources
property in order to upgrade the Niobium Resource to be N.I. 43-101 compliant:
5,000 m. at $100/m. ……………………………………….. $ 500,000.00
2. Logging, sampling the core:
2 men $950/day x 3 months ………………………………. $ 60,950.00
Additional use of the Niton XRF Diffraction equipment:
1 mo. of machine + technician @ $1000/day …………………. $ 30,000.00
3. Analysis of the samples/core:
Approximately 3000 samples at $40/sample …………………… $ 120,000.00
Metallurgical Testing of bulk sample of ore-grade Material
from the shaft:
SGS Analysis of Bench Test; as per quote…………………………. $ 180,000.00
4. Shipment of drill samples to the Lab ……………………………….$ 5,000.00
5. Shipment of drill samples to Lab ………………………………….. $ 3,000.00
5. Work and site expenses:
Local room and Board: 3 mo. X 3 men at $125/day/man…………$ 22,550.00
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Technical Report on the Nemegosenda Property for Sarissa Resources Inc.
Local travel, gas, fuel, supplies……………………………………$ 12,000.00
6. Engineering, supervision, travel etc………………………………$ 32,000.00
Sub-total of the above program $ 965,450.00
10% Contingency on the above expenses $ 96,545.00
Total for the Phase II Program $1,061,995.00
Respectfully submitted,
John C. Archibald, P.Geo.
Toronto, Ontario.
July 21st, 2009.
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Technical Report on the Nemegosenda Property for Sarissa Resources Inc.
21.0 Statement of Qualifications
I, John C. Archibald, of 115 Douglas Ave., Toronto, M5M 1G7 state that:
I am a graduate of Carleton University in Ottawa, Ontario, with an Honours, B.Sc.degree in Geology in 1973.
That I am a registered member of the APGO based in the Province of Ontario and as such have the designation of P.Geo and act as the ‘Qualified Person’ for the writing of this report.
That I have been employed or have been continuously working in my field of study since graduation as a consultant in the field of geology since 1973.
I am presently employed by Billiken Management Services of Toronto, contracted to research and write this report on the Sarissa Resources Inc. Property located in Chewett, McGee and Collins Townships near Chapleau, Ontario.
That I am the author of this report which is based on public and private information made available to me from the Geoscience Assessment Office in Sudbury, the Resident Geologist’s Office in Timmins, Ont., and Sarissa Resources Inc. and their extensive database.
This report may be used for the development of the property, provided that no portion of it is used out of context or in such a manner as to convey meanings different from that set out in the whole.
Consent is hereby given to Sarissa Resources Inc. to reproduce this report in part or in whole for corporate purposes or purposes relating to the raising of funds by way of a prospectus and/or statement of material facts.
Signed and sealed in Toronto, Ontario this 21st day of July, 2009.
John C. Archibald, P.Geo.
