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Excellent post Onta! The whole two miles, incredible. And we are yet to know how deep? 3-400 meters? Lots of great times ahead for sure.
This was the post that i really liked from today:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=te&bn=32059&tid=250431&mid=250431&tof=33&frt=2#250431
My guess is they have located the Hawk Zone (D zone) EXTENSION!!!
If you recall the Hawk Zone ended a a fault area and it was yet to be determined where that EXTENSION would be found. This excerpt from the Hawks report pages: 16
Numerous post-ore faults have been observed in the western margin of Zone D. Most notably, a
northeast trending fault cuts off Zone D along its west edge. Right hand movement is suspected and
drilling has yet to locate the Zone D extension. Within the main part of Zone D, most of the faulting
strikes northwest. Adjacent rocks to these faults have been chloritized and carbonatized over widths
of tens of feet. This alteration apparently had no effect on the niobium content except the dilution
caused by the carbonates.
This is HUGE!!!!
This is a start. I'm sure there will be more on the way soon.
Assays from Nemegosenda Adit Confirm Presence of Niobium, Tantalum and Rare Earth Element Mineralization
Posted on Jul 21 2008
News >> Press Releases
BAY CITY, MI--(MARKET WIRE)--Jul 21, 2008 -- Sarissa Resources, Inc. ("the Company") (Other OTC:SRSR) is pleased to announce the assay results from chip samples taken from the adit into the main D Zone deposit carried out in June, 2008, on its 100% owned Nemegosenda carbonatite project located in Northern Ontario. The results from all 15 samples taken and assayed confirm the presence of niobium mineralization, tantalum mineralization and rare earth elements ("REE") mineralization within the deposit. The samples were taken over a 300-foot length of the adit, beginning at the face.
Highlights include: niobium (Nb) concentrations of up to 5820 ppm; tantalum (Ta) concentrations of up to 193 ppm; and in the REE's, Neodymium (Nd) concentrations of up to 184 ppm. While the niobium values returned, (equivalent Nb2O5 average of 0.52% over 15 samples), were as expected based on historical work, the samples provided confirmation of the presence of tantalum, uranium, and REE mineralization within the D Zone. The assay results are summarized in the following table.
Note: 1,000 ppm is equivalent to 1 Kg. per tonne; 10,000 ppm is equivalent
to 1%.
The samples were assayed at Activation Laboratories Ltd. in Ancaster, Ontario. Full analytical details of the samples are posted on the Sarissa website here (http://www.sarissaresources.com/media/june_adit_sample_assays.pdf). Sarissa's initial report from May, 2008 which summarizes some of the historical exploration done on the property may also be accessed on the website, or by clicking here (http://www.sarissaresources.com/media/hawkins_report.pdf).
Follow-up work will include diamond drilling in the D Zone for grade and tonnage calculations; and further sampling in the East Zone where historical trench samples reported anomalous mineralization (non NI 43-101 compliant): "This 'jacupirangite' horizon contains niobium mineralization throughout most of its length; in one trench (88-3, Figure 7C) a continuous exposure, 14.3 m in length, grading 1.85% Nb2O5 was intersected. Mineralization within this zone was also intersected in trenches 88-4, 88-5 and drill hole 55-13." (Report on the Geology and NB, Y, REE Potential of the East Zone, Nemegosenda Lake Alkaline Complex: Beaty Geological Ltd, Vancouver BC, May 1988, p. 28)
Warren Hawkins, P.Eng, a geological consultant to the Company is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed the technical information contained in this news release.
About the Nemegosenda Carbonatite Property:
The property is located about 30 kilometres northeast of Chapleau, Ontario, via Highway 101. Dominion Gulf conducted historical exploration on the property in the late 1950's and early 1960's, estimating the reserves (non NI 43-101 compliant) of the main niobium zone D at 20,000,000 tons of 0.47% Nb2O5 in a block 600 by 800 feet with depths of up to 600 feet. The fieldwork and interpretations of Dominion Gulf were confirmed by the work of the Ontario Geological Survey in their report, "Geology of Carbonatite - Alkalic Rock Complexes in Ontario: Nemegosenda Lake Alkalic Rock Complex - District of Sudbury, 1987." The property also includes known occurrences of niobium and rare earth mineralization in the East Zones
About Sarissa Resources
Sarissa Resources is a growth-oriented, multi-commodity mineral exploration and development company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.
For further information please visit our website: www.sarissaresources.com
These reported resources are historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however they are considered material to the prospectivity of the Nemegosenda Project. A "qualified person," as defined under NI-43-101, has not done sufficient work to comment on the relevance or reliability of these historical estimates. The company is not treating the historical estimates as, nor can the historical estimates be relied upon as, current mineral resources or reserves. This property requires further evaluation, which Sarissa's management and consultants intend to carry out in due course.
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.
Contact:
FOR FURTHER INFORMATION contact:
Brass Bulls Investor Relations
Matthew Lovito
866-342-2700
http://www.brassbulls.com
Merle Goertz, Investor Relations
1-604-688-2349
merleg@shaw.ca
Back
"on the green road" a new documentary by Jack Lifton discussed in a recent interwiew in The Gold Report. Some new info along with stuff we already know. Decent read.
http://www.theaureport.com/pub/na/3394
Excellent post Upland. We are inflation protected all around the block here as we will see the appreciation of NB, Ta and all the REE's should global inflation be an issue going forward.
Seems to be the case with just a tad of deflation potential as debt continues to be repudiated globally.
Dude, you gotta stop comparing this pos to the others. The only chart I can find on mglg shows a one day spike to .0010
Now It looks exactly the way VIPR will look going forward, trading between .0001 - .0003
Oh yea? stay tuned.
Might as well cut your loses guys, she's headed to the crapper.
Great, solid management! What a joke.
Morning gap DOWN to .0002 very possible.
Smart money left yesterday.
That's your DD? That IF they gained a 50% ownership which they have'nt even purchased yet, the stock price woulld just magically run to reflect the TOTAL value of the minerals in the ground?!!! LMFAO That is the funniest thing i've heard all day!!
Tripple ZEROES by tuesday.
Based on what? They just doubled the A/S and put out a chump PR.
We'll see trip .000 by next week. Your pumping does nothing for this one LOL.
Maybe they'll be there at the "core shack" sportin those gold laden cores from the Shining Tree!!!
That very well could be. I would say that the best way to substantiate this claim would be to see 15+ million shares start pealing off tomorrow, THEN i would say there may be some truth behind his posts.
"PPS, death and taxes" i concur. Good one Johnny! GLTY
I was not talking about his call on gold, just his take on the tungsten issue thats all. Thanks Darby. GLTY
Bob Moriarty (author of 321 gold website) has his opinion on this issue for those willing to read it, FWIW i like his best. GLTA
http://www.321gold.com/editorials/moriarty/moriarty113009.html
GSPG is not a pink.
We love you too bubba... you are one of the great one's!
You remember our projections last year for 2009? ouch! I'm kinda embarrased and not making anymore, lol.
Well super, i hate to burst your bubble but... QUC.V has 37 million shares outstanding. Comparing apples to apples means that you must divide that 3.75 share price DOWN which puts the comparable PPS of QUC.V at about .18...
We will get to 3.75, just gonna take a bit longer then most around these parts thinks. IMHO
Patience and accumulation are the key words around SRSR.
Dec.18 is a ways off. Lots of developements possible. We will be on pins and needles waiting with you but me thinks were easily over .10 by then. JMHO
I guess that puts to rest the rediculous argument that funds "can't" buy penny stocks and "won't" buy pinks.
Yea, 100,000 shares is nothing to shout about BUT, BIG BUTT... this is just the beginning.
And be sure that we I-Hubbers although we hold a bunch of the float are nothing but a pimple on the rhino's BUTT when it comes to the potential to move this stock into the $'s.
The train is leaving the station IMHO.
A bit o/t Homey but what a GAME!!! Eh? Go SRSR too!!!
55% so far today! How high can she go? Shares are TIGHT!!
oops, i meant 30%!
Nice. When was the last time we saw a 20% one day move here eh?
Looks like we have the makings of a decent day here. Maybe our positive Fridays have returned? Anyone else think we are due some news? maybe today?
Actually Tom that 1 mil bought at .0003 is $300.00 believe it or not!
Well done. I will get with my sources and make sure that gets into the 43-101. (lol)
In case you hav'nt noticed, the bid whacking from .08 has assisted the sellers in dropping the pps by almost 50%.
And you post to that effect in order to save a measly 35 bucks? With all due respect, pathetic.
Excellent!
I'm going to blame our mm's on this one. Almost all buying today and one 17k share sale and thay drop it like a bad habit.
Still low volumes, when they pick up we should see some appreciation. IMHO
Dobie, dobie, dobie! What on earth makes you think I would even consider giving my shares away here? My gawd girl I am a hold out from way back '07.
I was actually worried about YOU when you got so frustrated that we fell from .20 i thought we'd lose you if we ever hit that again, but alas, that is waayyy out in the future from this vantage point, no?
Many of us "old timers" i guess got tired of participation on a daily basis. As optionsdealer pointed out in his irrational post to me earlier this is a long term play. I agree.
Many bought at lower levels like us and are willing to ignor the board (smart) and wait the 5 years or so to see Scott take this all the way to production. Just mho.
Did you read the NI43-101? Management enamored with ree's with poor concentrations? WTF? GD where are all these kooks coming from today?
There are nearly 10 BILLION in NIOBIUM outlined in that report, where are you getting that management is focused on "worthless" ree's?
Mark Faber says that gold may drop to 800, bearish on commodities near term. He is a pretty smart guy, we'll see.
http://www.bi-me.com/main.php?id=41779&t=1&c=62&cg=4&mset=
Yea give em away indeed! I recall seeing a couple 1 mil share blocks go off when we were sub- penny, moronic sellers we will ALWAYS have with us... go figure.
Go ahead and sell and bash away, i'll keep takin and takin...
Call me greedy, i just call it smart!
OUR information is limited indeed, however, the chiefs seem to think there is already enough info to put out a 43-101.... wonder what, if anything, they may know that we don't know.
This area has produced some HUGE deposits in the past and i dare say that should we prove up a RHINO gold deposit to go with our ELEPHANT Nb - REE deposit, well, i just hope ya gots enough shares, thats all i'm sayin.
Yessiree, we are in da right place mtc. (we gots gold too shushhhh)
Yes dmbao, frustratingly early. However, we are 2 years closer to our goal and the team is working diligently to accomplish thiers so.... a little patience, it's all good.