Sy Gold Project

2007 Exploration Highlights

Corsa completed a small exploration program in 2007 on the Sy Gold Property in Nunavut, Canada. Assay results from 2007 have confirmed historic work done on the property by previous operators and have identified several new gold and base metals targets. One of the big advantages Corsa has over previous operators is our team’s knowledge of the property based on a very comprehensive airborne survey which was flown over the Sy Property in 2006. We can also confidently state that, between our directors, advisors and geotechnical consultants, we have one of the most competent and experienced northern exploration groups in the country.

Our work in 2007 proved that the airborne survey works very effectively as an exploration targeting tool and we are very excited to get back on the property in 2008 with a bigger program.

 Technical Report on the Gold and Base Metal Potential of the Sy Property, Nunavut, Canada

2008 Proposed Exploration

The initial work program in 2008 (Phase 1) will focus on developing additional drill targets on the property. A regional data compilation, completed in the first few months of 2008, will allow field workers to more effectively conduct prospecting, and rock and soil sampling programs. The program also entails performing some targeted ground geophysics, i.e. ground magnetic and EM surveys, to better locate specific magnetic horizons and EM conductors for follow up exploration.

Pending success in Phase 1, Corsa will perform more ground geophysics, re-establish historic drill grid, and complete geological mapping of the property. This follow-up round of exploration, Phase 2, may also include targeted diamond core drilling in 2009. Areas of particular interest at this time are zones named Jaeger, WAD and KR-10.

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