Sarissa Resources Inc (SRSR)

[webpence]

What archibald said.

18.0 Recommendations The next phase of drilling is recommended to extend the deposit to the nm1heast, east and southeasterly from its known limits within the 'D' Zone The nine hole drill program completed by Sarissa during 2008-2009 support the potential for strike and dip extensions to the known mineralized zones. At least two rows of additional holes are required which would fmiher delimit the 'D'Zone mineralization. It includes at least two new grid lines of drilling, one 50 metres north, and the other 50 metres south of the three drilled grid lines already drilled by Sarissa, to be completed during the next exploration phase. The aim of the next phase of drilling is to fully delineate the 'D'Zone Niobium mineralization and to bring the resource and previous reserve estimate to fully NI 43-101 compliant standards for future repmiing by the company. A number of"cross-over" drill-holes at -45 degrees to verify that the ve11ical drilling results of historical drilling is recommended. A detailed preliminary metallurgical testing program is also recommended for inclusion in the program as a Phase two follow-up. It is to be undet1aken as soon as possible to fm1her support the economics of the project. The 'South-East' Area wanants fut1her exploration ad diamond drilling to confirm and expand on this potential resource as well. Drilling is to be done along a systematic UTM grid system and backed up with "cross-over" drill holes to confirm historic drill results and as an aid ill detemuning the dip of the deposit. Fmiher surface exploration using back-hoe trenching, surface geophysics, geochemical surveys and radiometries is not warranted at this stage of the project as the two main mineralized zones need to be properly delineated by detailed drilling. A well-cut, surveyed grid system with GPS stations taken at all turn-off points along the baselines and at all drill-hole locations is to be emplaced prior to any further work on the prope1iy to provide an accurate system tying all historic work to future exploration work. Base Line environmental data collection should also be instituted as good general practice in the event a production or advanced exploration stage is contemplated. Local Aboriginal land issues need also to be addressed as pmt of the same process if advanced exploration or production is contemplated. Respectfully submitted, Billiken Management Services Inc.-John C. Archibald P.Geo

What Srsr reported...

Sarissa Resources Inc. Nemegosenda Drilling Update

Print

Alert

Sarissa Resources, Inc. (PN) (USOTC:SRSR)
Historical Stock Chart

5 Years : From Sep 2012 to Sep 2017


Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to announce the completion of a further three diamond drill holes on its 100% owned niobium property in northern Ontario. 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 current program was targeted to test the eastern extension of the previously identified resource, and was conducted under the guidance of Hillar Pintson M.Sc., P.Geo. The core from this current program is being logged and split, and samples being prepared for assay. As these results are obtained, the Company will continue to update the Hawke Zone indicated resource.

In addition the Company has opened up some trenches in the SE Zone. Scintillomoter readings taken within the trenching area have provided significant readings. A program of line cutting will be undertaken in this area in preparation for drill testing and delineation of the zone.

The SE Zone "occurs 1500 metres south east of the 'D' Zone [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.)

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.

FOR FURTHER INFORMATION

Contact:

www.sarissaresources.com

and

http://nemegosenda.sarissaresources.com/



Investor Relations:

Merle Goertz

866-307-1331