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wow, nearly 2 years from last post. Time flies.
Ya it is!! Looks like it's going to uptrend nicely today!! Heres a couple others that will do great as well!!
QBIK, ECSC
That is a really nice update. This company looks like the real deal!
SRSR news~ Sarissa Resources CEO Issues Shareholder Update
BAY CITY, MI -- (MARKET WIRE) -- 06/05/08 -- Sarissa Resources, Inc.'s (PINKSHEETS: SRSR) CEO, Scott Keevil, issued a letter to shareholders today providing a general corporate update and outlining recent developments and key ongoing initiatives. The letter reads as follows:
Dear fellow Sarissa Resources shareholders,
Since taking on the leadership role with Sarissa just 6 months ago, I have had the opportunity to direct and oversee the acquisition of an outstanding mineral property for our company, the Nemegosenda carbonatite property, and to begin to formulate the strategy for an exploration and confirmation program. We have made phenomenal progress in this short time, effectively graduating from a very junior exploration company with exciting yet undeveloped potential, to a company with ownership of a world-class asset, one with a historic reserve base reported at 20 million tons of 0.47% Nb2O5 material, as outlined initially by Dominion Gulf Company.
Moving forward, the immediate goal for Sarissa will be to confirm and rapidly increase the size of the historic 20 million ton resource base at Nemegosenda. While we have no control over world markets or the value of resources, we do have control over the definition of those resources. To that end, a significantly larger resource base will be aggressively pursued through confirmation of the main ore zone; explorations for extensions of the main ore zone; more detailed analysis for possible additional values in uranium, tantalum and rare earth elements; exploration on the East Zones to further define the known niobium occurrences there; as well as exploration on some of the under-explored areas of our property. Fortunately, we happen to be living in a day and age when we are able to apply modern exploration and analysis techniques to the property that may not have been available to the geologists working for Gulf Minerals approximately 50 years ago when Nemegosenda was first explored.
Leading the charge on this front, we have been fortunate to attract some top-notch geological talent to the Board of Directors to assist us in analyzing the historic data, and in planning and implementing ongoing exploration activities: Dr. Cam Cheriton, a Harvard University educated Economic Geologist with a vast knowledge of the geology of Northern Ontario; and Alan Hawke, a seasoned exploration geologist with outstanding credentials both in mineral exploration and in mine building.
In March we began the process of independently assessing the historic geological work done on the property and developing an exploration plan to bring the deposit into NI 43-101 compliance. The results of that independent assessment confirmed that, "based on a comparison of the Dominion Gulf and OGS [Ontario Geological Survey] historical work done to date... is detailed and of high quality." Further, "The detailed work of the OGS in the 1970s and 80s has largely confirmed the interpretations and the historical exploration work of Parsons and the Dominion Gulf Company."
Alan Hawke has begun the process of having the extensive database of geological information that we have digitized, including the data from the drill logs of more than 60 holes comprising some 35,000 feet of drilling. This will allow us to generate a fairly complete 3-dimensional model of the main ore zone, allowing us to very specifically target the drilling we need in order both to confirm and to expand on this zone. Once the data is in electronic form we will have a geological consulting firm translate it into a 3-dimensional model. The combination of all this data into one easily-managed model should greatly assist us in our ongoing exploration and development of Nemegosenda, both in targeting and in economizing our overall exploration expenditures.
In recent days and weeks, the Company has had a crew working at the site on road rehabilitation. The crew has completed a 600 meter drill path from one of the ancillary lumber roads into the Main D Zone and work is continuing on the existing network of lumber roads to upgrade them to allow heavy equipment to be delivered to the site. Additionally, Sarissa has received verbal information from a local source that entered and followed the 580-foot adit in August of 2007 to the end and has reported that it is dry and in good shape for rehabilitation, an assessment that Sarissa will next endeavour to confirm.
With respect to the Company's financial footing, we have recently retained the services of an auditing firm to audit the consolidated financial statements of Sarissa Resources in accordance with Generally Accepted Accounting Principals (GAAP) and to provide the Company's Board of Directors with an opinion on them in accordance with the standards of the Public Company Accounting Oversight Board (United States), and we are currently in the midst of that process. This will be another step in our progress toward improving the company's corporate and listing structure.
As far as financing the Company's growth is concerned, the Company's management team is committed to accessing capital in a responsible manner having recently completed a few small private placements of restricted shares to raise the necessary funds to complete these early stages of our evolution. Furthermore, we are committed to continue to balance our capital requirements with our desire to maintain a reasonable share structure through judicious placement activities. All told, after accounting for recent private placements and share issuances in which 14,250,000 Sarissa Resources shares were allocated, the Company's fully diluted capital structure is comprised of 740,116,058 common shares outstanding, of which 264,030,000 are restricted.
In summation, the vast scale of this exciting exploration target requires a professional approach to determine the ultimate extent of the deposits, and both I and the rest of the management team are motivated by the potential of this project and look forward to reporting new results and developments as they occur. We are excited about the potential that lies ahead and thank you for your patience, loyalty and your continued support as we move forward. We can only hope that the next 6 months will be as exciting and productive as the first 6 have been and we will continue to communicate regularly on our progress as we strive to reach our goals.
About Sarissa Resources
Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, uranium and niobium prospects in Northern Ontario, Canada.
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.
FOR FURTHER INFORMATION contact:
www.sarissaresources.com
Brass Bulls Investor Relations
Matthew Lovito
866-342-2700
I know. 70% on Friday. I get nosebleeds trying to figure this one out
GBDX .0023 +35.3% what the heck.
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming -- "WOW--What a Ride!"
ARSC was always a great mover when it wanted to be.
Yesterday's panic and profit-taking shook the weak shares out. Watch ARSC closely. Summer-long PR campaign just beginning. Not a P&D, either. Will be fundamentally driven.
ARSC been sweeeeeeet!
That is a nice XRIT chart isn't it? ARSC should be moving today on that news.
Good to hear bubba!! Heres a little bit more about the PR
today announced a series of enhancements to its InkFormulation software (IFS). Developed for ink manufacturers and printers who formulate their own ink, X-Rite’s IFS provides fast, accurate and consistent formulation for offset, flexographic and gravure inks. The new version of IFS supports the next generation of CxF (Color Exchange Format), the file format for color communication. It also features the PANTONE® Goe™ System, the PANTONE MATCHING SYSTEM® and HKS digital libraries.
XRIT chart is starting to really
shape up!!! On radar stocksurgeon.
ARSC .035 News alert! (BSNS WIRE) American Hydrogen Corp. Not In Default; Working on Joint Ventures
for Major Developments
ATHENS, Ohio--(BUSINESS WIRE)----
Ben Schafer, President of American Hydrogen Corporation, a
subsidiary of American Security Resources Corporation (OTCBB: ARSC),
stated today, "Contrary to a statement in ARSC's most recent 10-Q, we
are NOT in default on our license agreement with Ohio University.
While our sister company Hydra Fuel Cell Corp. was fighting its patent
lawsuit we fell behind in our obligations here, but we are working
with Ohio to bring them current by the middle of the summer." Schafer
further stated, "We are negotiating several JV projects to
commercialize the ACE technology, including the development of a 250
kilowatt ACE unit and several waste to energy projects."
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire companies
and technologies that will advance the development of clean energy.
ARSC, through its Hydra subsidiary, is developing high volume, mass
producible hydrogen fuel cells. Its American Hydrogen subsidiary holds
an exclusive worldwide license granted by Ohio University
(www.ohio.edu) to commercialize an ammonia-to-hydrogen technology
developed by Dr. Gerardine Botte of the Russ College of Engineering at
Ohio University. For more information, please see:
www.americansecurityresources.com
Safe Harbor Statement
This news release contains certain "forward looking statements"
within the meaning of Section 27a of the Securities Act of 1933 and
Section 21e of the Securities Exchange Act of 1934. Although the
Company believes the expectations reflected in such forward looking
statements are reasonable, it can provide no assurance that actual
results will meet or exceed such expectations.
American Security Resources Corporation
Frank Neukomm or Bob Farr, 713-465-1001
info@amsrcorp.com
XRIT- 1.80X1.81
X-Rite Announces Enhancements to its InkFormulation Software
Business Wire(Thu 9:00am)X-Rite, Epson Partner to Bring In-Line Automated Remote Proofing to Large Format Printers
Business Wire(Thu 9:00am)X-Rite Unveils Next Generation Color Exchange Format (CxF)
Business Wire(Thu 9:00am)FUJIFILM, X-Rite Partner to Take Taskero Universe Press-side
Business Wire(Thu 9:00am)X-Rite Solves Proof and Print Color Matching Challenges Caused by Optical Brighteners
Business Wire(Thu 9:00am)X-Rite Announces New Version of IntelliTrax; the Industry's Fastest, Automated Color Measurement System for Press-side Color Control
Business Wire(Thu 9:00am)X-Rite Announces Immediate Availability of vipPAQ 2.0 Inline Color Management Solution for Flexography and Gravure Printing
Business Wire(Thu 9:00am)
No prob bud!! The company and the chart look great!!
Take a look when you have the chance...gl
Hi SS. Looks interesting. I'm on the run today but will check it out later on. Thanks!
Heard that also, we must be talking to the same people.
What do you think of ECSC Track? They just released more news today that they announced it has received its first purchase order from electronic design and manufacturing aerospace service provider Sparton Corporation for a SatMAX 3-user Iridium satellite communications repeater system.
Echo Satellite Receives Order from NYSE Aerospace Contractor Sparton Corporation
Wednesday May 28, 5:00 am ET
HOUSTON--(BUSINESS WIRE)--Echo Satellite Communications, Inc. (Other OTC: ECSC - News), a leading global provider of wireless, non-line-of-sight satellite communications products and services, announced it has received its first purchase order from electronic design and manufacturing aerospace service provider Sparton Corporation for a SatMAX 3-user Iridium satellite communications repeater system.
Nice board track!!
I heard a rumor that oil might be big this year ;)
MMTE..oil/gas play..keep an eye~
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29571239
Mammoth Energy Group Announces Start Date for Drilling Contract on Wells in Oklahoma
WINSTON-SALEM, NC announced today that it has received confirmation from American Continental Energy of the start of the first three wells to be drilled on the Noble County, Oklahoma property that will commence on or before June 10, 2008.
Management anticipates that these three wells should be on-line by the third quarter of this year and should bring the natural gas production to an average of just over 100 thousand cubic feet per day (MCFD).
"At the depth of the program for drilling, we expect to find both oil and natural gas and are quite optimistic about this property potential," stated Joe Overcash, President. "While there are certainly no guarantees in this business, the field has all of the characteristics that we were searching for in a new project."
About Mammoth Energy Group, Inc.
We are focused on developing shallow gas and/or oil projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time.
We have continuing revenue from our Rogers County, OK project and with the Noble property hopes to develop its strategy with wells that can be drilled quickly and be positioned to grow consistently each month as new wells are brought on-line.
More information is available at the company's website at www.mammothenergygroup.net
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.
Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contacts
North America
Mammoth Energy Group, Inc.
Investor Relations Contact:
Dominic Martinez
866-508-2092
Email: dominic@mandminvestorrelations.com
Damn nice SRSR day!!! Was too busy to watch today but it sure looks good now :)
WSRA..keep an eye~
http://investorshub.advfn.com/boards/board.asp?board_id=4621
Last hour today might get interesting
Please fasten your seltbelts and enjoy the ride.
SRSR..monsta!
Closed the dayt .019 :)
SRSR coming up to the last resistance of .15 and then she's gone.
SRSR daily volume of 2m passed in 1/2 hour this morning.
SRSR train is pulling out of the station.
GBDX stirring on big volume
It's one of those that just keeps on giving,lol. Just waiting on the merger completion now and hoping for another 20 bagger on it.
You still in that one after making enough money with it to surpass Warren Buffet?
RTGV .041 starting to
rock and roll.
SRSR going to get interesting soon imo
Nice news! Things are starting to roll.
SRSR news - Sarissa Resources Agrees to Joint Venture Option on Dead-Moose Lake Property
BAY CITY, MI -- (MARKET WIRE) -- 03/19/08 -- Sarissa Resources, Inc. (PINKSHEETS: SRSR) announced today that the Company has entered into an option agreement with Botanic Oasis International Inc. ("BOII"), a privately held exploration company, whereby BOII has a purchase "earn-in" option to acquire up to a 50% working interest in Sarissa's Dead-Moose Lake Property project in Northern Ontario.
Under the terms of the Agreement, BOII has the option to acquire a 50% working interest in the project in exchange for a non-dilutive 5% of the outstanding shares of BOII common stock and an "earn-in" commitment to spend $250,000 to explore the property over the next 24 months, and a $25,000 cash payment to Sarissa. Sarissa will act as property operator with respect to any monies spent to explore the property under the terms of the option agreement and BOII will be required to reimburse Sarissa for any and all costs incurred, such as administration fees and property and claim maintenance, above and beyond the $250,000 capital commitment by BOII. Exploration expenditures, including the applicable administration fee associated with general property and claim maintenance, will be for a minimum of $5,000 for the first four months. The balance of the exploration expenditures must be incurred by March 30, 2010. A finders fee is payable in conjunction with the transaction.
The Dead-Moose Lake Property was initially staked following the release of the Ontario Geological Survey's Open File Report 6061: "Montreal River Headwater Area Sediment Survey, Northern Ontario: PGE [Platinum Group Elements] Data-Operation Treasure Hunt." An excerpt from the report stated, "The highest Pd [Palladium], second highest Platinum [Pt] [Platinum] and seventh highest Au [Gold] (FA/ICP-MS) value collected in the survey area was obtained from a small lake located near Deadmoose Creek in central Shillington Township." In 2006 Sarissa contracted for a Geotech VTEM (Versatile Time Domain Electromagnetic) airborne geophysical survey to be conducted over the Dead-Moose property. Analysis of magnetic and VTEM data has indicated 5 potential mineral targets, of which 2 VTEM anomalies indicate a potential for Copper [Cu] and Gold [Au], while 2 VTEM and magnetic anomalies indicate a potential for Nickel [Ni], Copper [Cu] and Platinum [Pt] and 1 indicates potential for a Kimberlite/diamond target. There are several other magnetic highs and lows paralleling regional and mineralized structures to the west of the highlighted survey area that also have significant potential.
Sarissa Resources CEO, Scott Keevil, commented, "We are pleased to have consummated an agreement with the principals of Botanic. We feel that this option agreement provides Sarissa with a low risk way to finance the development of the Dead-Moose property. Additionally, because Botanic is currently pursuing a public listing venue for its shares, our share ownership position could provide significant intrinsic value to Sarissa in the near future." He continued, "We are also getting close to finishing the most recent assessment of the Lake Nemegosenda Property and will be updating shareholders on the results of that initiative shortly."
About Sarissa Resources
Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, uranium and niobium prospects in Northern Ontario, Canada.
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.
FOR FURTHER INFORMATION contact:
www.sarissaresources.com
Brass Bulls Investor Relations
Matthew Lovito
866-342-2700
www.brassbulls.com
Or spittoons ;)
The premier stock to find would be the company who is manufactuering protest banners ;)
Come across any stocks benefitting from the China Olympics?..Post em over here please: http://investorshub.advfn.com/boards/board.asp?board_id=11827
Just a few weeks left till the bomb goes off :)
Hey Track..potential of SRSR sure looks good ;)
Here's the chart of CCE (the stock that's mentioned in your post):
http://ca.finance.yahoo.com/q/bc?s=CCE.V&t=1y
SRSR
Posted by: jim6103
In reply to: None Date:3/3/2008 3:47:43 PM
Post #of 9124
Interesting comparison between Commerce Resources and SRSR in NI43-101 work.
Commerce Resources:
Measured area of resource - 13,120' X 8,200' X 295'
Total cubic feet - 31.75 billion
Total drill holes - 95
Drill hole per cubic foot - 334,210,000
Resouce proven - 58.2 million lbs niobium
9.0 million lbs tantalum
market value - $3.6 billion
Sarissa Resources:
Measured area of resource - 800' X 600' X 600'
Total cubic feet - 288 million
Total drill holes - 35
Drill hole / cubic foot - 8,228,000
Resource estimate - 188,000,000 lbs niobium
? tantalum
Market value - $4.7 Billion
Comparison:
1) SRSR has an estimated resource without any tantalum discovered that is 30% greater than CCE's.
2) SRSR has a resouce defined in an area that is about 1% the cubic volume of CCE's.
3) Commerce Resources used 95 drill holes to prove up reserves - that is one drill hole per 334,210,000 cubic feet of resource.
SRSR has a drilling history of 35 drill holes on the resource that amounts to 8,228,000 cubic feet per drill hole.
The conclusions that one may be able to draw from these figures can be very exciting. Commerce used 65 drill holes that were drilled in 1980-81 by Auschwitz Mining, 16 drill holes done by CCE in 2000-01, and 14 holes drilled in 2005-06. CCE has a 95 hole history - one per 334,210,000 cu ft of resource.
With 35 holes drilled on our little property - one per 8,228,000 per cu ft. - I would be shocked if we needed more to be NI43-101 compliant. My guess is that we get the nod from the consultants in Toronto that the drilling from the 50's meets specifications and Cam can get us to NI 43-101 using the old drill logs. We may need an in-fill drilling program to prove up tantulum/uranium/check a few holes for consistancy, but my guess is that we won't need much more in the way of drilling to get the 188,000,000 lbs of niobium in an indicated and inferred staus (NI43-101 compliant).
This resource is confined in such a small area in comparison to Commerces that the implications for mining is great - much easier and less costly to mine - an open pit. I am liking this more every day!.....Good luck.....Jim
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27306752
The general thought is that things will get hot and heavy in the coming weeks.
Nice info on SRSR. Starting to get some attention.
SRSR will treat us well. Yep.
Looking forward to the next PR.
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