OK, I was a little excited tonight, so just a few keypoints (after my 11th reading) of Mr. Hawkins Excellent Report:
Dominion Gulf estimated the reserves of the main
niobium zone D at 20,000,000 tons of 0.47 % Nb2O5 in a block 600 by 800 feet in size and depths of up to 600 feet
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This section Only talks about Zone D estimates. This is the 20 Million Tons of .047% Niobium that has had everyone so excited. (A Block 600' x 800' of Niobium will do this...)
But... there are Zones A, B, C, E, F, G to add to this. Could the sum of all these others zones (together) be as much as Zone D? That Alone (in just Niobium) could easily double the total amount.
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Of particular note, four core samples from Zone D, the Breccia
Nemegosenda Lake Property, Porcupine Mining District, Ontario 5
Complex and Zone G were elevated (up to 0.5%) in rare earth’s lanthanum (La), neodymium (Nd) and cerium (Ce)
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Again, Zone D references show up to .5% of Rare Earth materials Lanthanum, Neodyium, Cerium. This is a very important (financially) section of this report.
The value of these rare earth materials could greatly enhance the value of the already known quantities of Niobium in Zone D.
Again this is only one zone of this one property. More is here in the other zones.
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This zone can be traced laterally for more than 500 metres, and
has a vertical extent of about 750 metres, and grades 0.67% Nb2O5. The latest proven and probable reserves estimate was calculated at 22 million tonnes (www.cambior.com, October 8th 2002, press release). The current projected mine life is 18 years.
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18 years of mining life... and this is more or less just the known area that was studied. 18 years of Niobium mining and all the pricing increases that will go along with that. Now I am not expecting that many will hold this stock for 18 years, but think about this for a moment. If they did nothing else we could see 18 years of mining out of this one site. $$$$$$$$
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Based on an analysis of the available data and on a site visit conducted by the author, the Sarissa Resources Inc. Nemegosenda Lake Property is considered a property of merit
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This is the real "Bottom Line". What makes this all come together. This report could have simply concluded that the property was interesting and should have further analysis (which it also does) and that would pretty much have ended this, but Mr. Hawkins stated he believed this is a property of Merit.
This is what Sarissa needed more than anything.
It is obvious that this one block of Niobium alone makes this site worth mining, but with everything else that will be found on all zones of this site is what is truly going to make this such an amazing find...
Just a few little pieces and this report is quite large. Looking forward to the next stage. Getting new Cores drilled, getting the NI 43-101 compliance completed and start Mining...
Cheers,
ThegoodlifeGeo
"If there is anything that a man can do well, I say let him do it. Give him a chance."
-Abraham Lincoln
AI
