Korelin Economics Report

Analyst Visit to Orsa Ventures’ Quartz Mountain Gold Project in Oregon

We were pleased to visit Orsa Ventures Corp.’s (TSX – V: ORN) Quartz Mountain Gold Property located near the town of Lakeview in southern Oregon, close to the Nevada border. From the perspective of an investor, we were impressed with the advanced level of the project and potential to move it forward in the near future. As an Oregonian, we were gratified to see an important gold project in Oregon that may benefit the economy in an altogether overlooked part of the state. In October of 2011, Orsa optioned 100% of Quartz Mountain and an undivided 50% interest in a joint venture in the adjacent Angel’s Camp Gold Property from Seabridge Gold Inc. (NYSEAmex: SA, TSX: SEA).


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