Wednesday, January 13, 2016 12:20:01 AM
"We've basically been $35 K away from defining a resource since we started... and we still are."
http://www.siliconinvestor.com/readreplies.aspx?subjectid=59596&msgid=30041030
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You say we now have an ore map that gives a cohesive model of both historical and current drilling due to the discovery of hole #10.
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1.15 Recommendations
Sarissa should continue to focus on a future resource estimation. Phase 1 focuses on work to
develop a resource. Phase 2 looks at exploration to increase the resource.
The first priority is confirmation of the 1955-56 grid location by confirming the locations of four
holes in which casing is reported to remain. The second verification of Sarissa under a complete
QA/QC regime. Additional observations of drill core and Specific Gravity measurements are
required.
Phase 2 aims to assess the entire complex through registration of historic data to a current base,
completion of a detailed high resolution magnetic gradient survey and trenching in the SE zone to
better understand alteration, structure and lithology. Mapping of known outcrops may also be
beneficial.
As part of Phase 2 Sarissa should ensure that all operations meet or exceed environmental
protection standards. The company should also engage with other area users to minimize
annoyance and to understand their concerns.
1.15.1 Budget
Phase 1 is budgeted at $35,000 plus the cost of a mineral resource estimate. Phase 2 is contingent
on the mineral resource estimate and has proposed budget of $86,000.
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Shouldn't the priority be to get a resource estimate?
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