Sarissa Resources Inc (SRSR)

[downsideup]

I've been poking at Shining Tree with a stick again today...

Still lots of interesting activity happening there.

Still is the case that most of what has been reported from the Shining Tree camp are lower grades useful to consider as bulk tonnage deposits... "not that there's anything wrong with that"... that have reported grades ranging roughly from under 1 to over 12 grams per ton in some range of cross sections from a few feet to double digit intersections, including some decent intervals. Platinex has reported up to 29 g/ton in surface samples...

Latest trend in reporting seems it is more about new exploration methodology... that has news from multiple companies coming out now reporting "correlation of very large anomalous gold in till trains with known geological structures"... basically, the entire area was glaciated, so they're looking "down ice" for streaks containing gold in the glacial till, testing for grain sized indicators, and then tracking them back "up ice" to find the sources...

Platinex, for instance, recently reported finding six additional "gold dispersion targets" on their acreage using the method of grid sampling glacial till and doing gold grain counts that narrow the occurrences down to "streaks" that they then follow back to the source. That method necessarily limits you to finding what are more likely to be lower grade surface occurrences... and it is another "known" in the "emerging gold camp". Platinex is using the recent results to claim "A major discovery in place appears to be in the offing."

Some of that sort of news clearly matters... as it is still the case that Shining Tree is an "emerging" gold camp... and the fortunes of many of the participants in the region will tend to rise and fall with their neighbors as the variations in the pace at which the region "emerges" to take its place with other more famous Ontario gold camps will probably matter to all of them.

To give it some context, famous camps like "the Klondike" produced 12 million ounces... while Ontario camps many may never have heard of, like Porcupine, have produced over 67 million ounces. Timmins is associated with the Destor-Porcupine break, while Kirkland Lake is associated with the Kirkland Lake/Larder Lake Break that parallels it to the south. Gold is found in the major faults, and in those that are parallel to or offshoots of them. Red Lake, Hemlo, Thunder Bay... lots of other camps that gold bugs will have heard of. Shining Tree is still below their radar, for the most part.

Otherwise, others are reporting exactly what we already see in SRSR's holdings, that is typical for the other camps, too... that there are known north-south, northeast-southwest, and northwest-southeast fault trends that are conduits for primary movement or re-mobilization of sulfides or silicified intrusions carrying gold that extend, at Shining Tree, all the way to the Larder Lake break... making it look like Shining Tree is pretty much going to prove to be a lot like the other larger scale finds in the region, structurally, just very much earlier in the definition and development of the camp than those better known that its being compared with already. So, higher values, whether in silica or in sulfides, will be expected to be found deeper... not at the surface... and it is still mostly surface values that are being reported.

Taken together that creates a couple of interesting potentials...

One, clearly, is that element inherent in the trends occurring in the overall development of the still "emerging" camp... as all of Shining Tree is still pretty much "under the radar" of the market.

Not only are there market potentials tied to individual companies making interesting finds... there is an "awareness issue" related to the "emerging" status of the "camp" as a whole...

As one result, the stocks of the companies involved in the more focused efforts being made now have tended to be extraordinarily volatile... trading in a range of roughly 5x from highs to lows... with news showing it can move them quickly and dramatically...