Business & Finance
Business and Finance
Business and Finance 
Sun, September 6, 2009
Sat, September 5, 2009
Fri, September 4, 2009
Thu, September 3, 2009
Sarissa Resources, Inc: Sarissa Resources Inc. Nemegosenda Exploration Update
OAKVILLE, ON--(Marketwire - September 3, 2009) - Sarissa Resources Inc., ("Sarissa" or the "Company") (
The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where 2.5 metre continuous channel samples were collected along the northern side of trench 09-5A to be submitted for assaying. Results of the first sample submitted have been received from Activation Laboratories in Ancaster. This sample was taken at the approximate half-way point in the trench and returned the following results:
Sample Number Nb2O5 Ta2O5 U3O8 16 0.548% 0.027% 0.07%
Of significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. As the Company waits to receive the assays on the remaining 48 samples submitted, preparations will be undertaken to get ready for drill testing and continued delineation of the zone.
The SE Zone "occurs 1500 metres south east of the Hawke Zone. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m" ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc." -- July 21, 2009-Billiken Management Services Inc.)
The drill core from the summer drilling of the Hawke Zone has been logged and split and also submitted for assaying. These three vertical holes continued on from the original nine hole program completed earlier this year. The previous drilling program had indicated a resource of 11,000,000 tonnes of 0.46% Nb2O5 within the Hawke Zone (previously the D Zone) as outlined in the Technical Report prepared by Billiken Management Services Inc. in July, 2009. The three holes just completed ended with continued high readings using a hand-held scintillometer. Based on this, preparations are underway to bring a larger drill rig to this zone in order to further test the depth extension. In the winter program drill hole 09-73 had returned results of 45 m grading 0.77% Nb2O5 from a vertical depth of 194 m to 239 m.
Readers are cautioned that scintillometer readings are not directly or uniformly related to grades of the rock samples measured and should be used only as a preliminary indication of the presence of radioactive materials. Sarissa uses scintillometer readings as a reliable guide for its continuing exploration program. For general comparisons of scintillometer cps readings vs. assay results, please review results posted at Sarissa's website comparing historical results.
Dr. Cam Cheriton, a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.