Sarissa Resources Inc (SRSR)

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NEWS!!!!!!

Sarissa Resources, Inc. Announces Nemegosenda Project, Drilling Progress

2009-01-20 20:02 ET - News Release


BAY CITY, MI -- (MARKET WIRE) -- 01/20/09


Sarissa Resources, Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) suspended drilling operations last week due to the extreme cold weather conditions in the area. The temperature has returned to more seasonal norms, and drilling operations recommenced today.

During the current phase Sarissa has completed 3 holes, DDH-08-69, DDH-08-70 and DDH-08-71. DDH-09-72 was suspended at a vertical depth of approximately 113 metres. Two more holes are planned in the immediate phase, which will delineate a block of approximately 150 metres by 50 metres on 50 metre centres within the main D Zone on the Company's 100 per cent owned Lake Nemegosenda Carbonatite property near Chapleau in Northern Ontario. Additional holes have been planned to further expand on this zone.

Sarissa also holds interests in mineral claims in several other townships in Ontario, and continues to evaluate additional properties for possible acquisition. At this time the Company has not entered into any joint venture or earn-in agreements on any of its mineral properties, though it does continue to receive and evaluate proposals.

Sarissa looks forward to keeping our shareholders informed in the coming weeks through ongoing updates.

Alan Hawke, BSc. MSc. (Geology) MAusIMM, a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed 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.