Sarissa Resources Inc (SRSR)

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Sarissa Details Plans for Initial Drilling
Sep 10, 2008 9:00:00 AM

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View Additional ProfilesBAY CITY, MI -- (MARKET WIRE) -- 09/10/08 -- Sarissa Resources, Inc. ("Sarissa") (PINKSHEETS: SRSR) is pleased to provide this update on progress on its Nemegosenda carbonatite property in Northern Ontario.

As previously reported Sarissa has mapped out the initial drilling plan for the main D Zone in order to test and confirm the historically reported deposit. Sarissa personnel will be meeting with representatives from the drilling company this week for a site inspection to review ground conditions, travel time and accommodations, and estimated mobilization costs in preparation for beginning the first phase of diamond drilling. Once this and other preliminary issues have been addressed, the proposed drilling contract can be executed.

During the initial drilling phase of 8 to 12 holes, Sarissa will update shareholders as samples sent in for analysis are received back. With current access into the site, drilling can be conducted on a year round basis. The diamond drill program is designed to define a National Instrument ("NI") 43-101 compliant inferred mineral resource statement on the D Zone in 2008.

Over the summer Sarissa conducted the follow-up examination of the East Zone area that had seen an exploration program conducted in 1987 and 1988. The prior work, conducted by Musto Explorations Ltd., included trenching, re-sampling of some of Gulf Minerals Canada Limited's old drill core, and an airborne geophysical survey. The East Zone area is easily accessed off of the existing road network on the property. For surveying control purposes a base station was established at the intersection of the East Zone access road and the eastern edge of Trench 5.

Three of the twelve trenches previously explored were located. During this phase a number of samples were collected and have been sent to Activation Laboratories for assay and analysis. The samples were tested by a hand held scintillometer prior to being delivered to the laboratory, and returned the following counts:


Scintillometer Counts per Second
Sample Number (CPS)
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TR-5-1 110
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TR-5-2 126
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TR-5-3 94
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TR-1-1 64
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TR-2-1 122
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As has been seen in Sarissa's re-analysis of the historical drill logs from the Gulf, there may be a correlation between niobium mineralization and indicated counts per second. The background reading in the areas sampled was approximately 35 cps. 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.

Recommendations for the next phase in the East Zone include:


-- Cutting a grid over the East Zone area, zeroed on the established Base
Station described above, having a north/south base line orientation, with
cross lines at 50-meter intervals. Stations should be picketed every 25
metres.

-- Completing a total field magnetic ground survey and a radiometric
survey over the East Zone grid.

-- Completing a geochemical survey over the East Zone Grid.

In July Sarissa completed the conditions for title to the Nemegosenda property to be transferred from the vendor. Full title now resides in a wholly owned subsidiary of Sarissa, 1208172 Ontario Limited. Management decided on this route for a number of reasons including: the ease of any potential future joint venture opportunities; ease of project specific financing, or other options; and to more easily recapture the Canadian GST taxes paid on project exploration and operation activities.

Sarissa has updated its information on the Pink Sheets site with the 1st quarter financial report. The 2nd quarter report should be available shortly.

Alan Hawke, 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.

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 estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Sarissa currently does not have access to more recent estimates or data relating to the Lake Nemegosenda property, except as outlined in this and previous news releases.

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/

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Merle Goertz
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