NEWS
Sarissa Resources Inc. Shining Tree Property Fall Exploration Program
2009-10-09 09:30 ET - News Release
OAKVILLE, ON -- (MARKET WIRE) -- 10/09/09
Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) announces a follow-up exploration program at the O'Connor-Asquith gold property in the Shining Tree district of northern Ontario.
The Shining Tree property consists of 16 claim units in the townships of Asquith and Churchill in the Shining Tree district. On a regional scale the property is located within the prolific Abitibi greenstone belt (http://www.platinex.com/images/maps/shiningtree/Figure7.pdf) that is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property is also centered on the axis of a regional gravity high signifying an area of thick supra-crustal rocks and under-plating by oceanic crust. In the Abitibi these associations appear conducive to the discovery of major gold deposits.
Sarissa had conducted a summer surface exploration program under the supervision of the late Alan Hawke with the resulting data reviewed by Warren Hawkins, geologist. That program consisted of stripping and blasting work on the historical large scale gold bearing quartz stockwork vein systems and wall rocks found within the central area of the property. Values as high as 53.9 grams per tonne (1.57 ounces per ton) gold were obtained. These results confirm that gold mineralization on the property is found within a broad spectrum of geological horizons, and the potential for a large tonnage deposit is very promising.
Specifically, the Shining Tree property hosts a gold bearing quartz vein stockwork system that has been exposed on surface in four different areas of the property (identified as Areas One to Four). Areas One and Two are a north/south striking quartz stockwork system located in the central portion of the property. Area Four also strikes north/south and is 500 metres north of Areas One and Two. Area Four is thought to be the strike extension of Areas One/Two. Area Three strikes east/west and crosscuts the approximate midpoint between Areas One, Two and Area Four.
The next exploration phase will consist of drill testing the depth extensions of certain of these surface zones for further gold mineralization. Sarissa has arranged with the same drilling contractors operating on its Nemegosenda niobium property to conduct the currently planned drilling phase on the Shining Tree property. The drilling rig is expected to be on site within the next week.
Warren Hawkins, P.Eng 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.
About Sarissa Resources:
Sarissa Resources is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth 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
and http://nemegosenda.sarissaresources.com/
Public Relations:
Merle Goertz
866-307-1331
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