NEWS
Sarissa Resources Inc. (PINK:SRSR) Announce Results From Its Gold Property Shining Tree, Northern Ontario
Sarissa Resources Inc. (PINK:SRSR)
Tokyo, June 19, 2009 (ABN Newswire) - Sarissa Resources Inc. (PINK:SRSR) is pleased to provide initial results from its gold property in the Shining Tree district of Northern Ontario. The results are a product of Sarissa's recent work involving channel sampling and grab samples after blasting.
Sarissa optioned the property in March, 2009, and subsequently entered into a joint venture option arrangement with Converge Global Inc. (OTC:CVRG) whereby they could earn up to a 50% interest in the property by funding exploration and making certain payments to Sarissa. In June Sarissa notified Converge that certain conditions under the option arrangement had not been met and that the Converge option had been terminated.
The Shining Tree property consists of 16 claim units in Asquith and Churchill townships in the Shining Tree district. On a regional scale the property is located within the prolific Abitibi greenstone belt which is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property appears to be on trend with the Larder Lake - Cadillac Break with which many of the world-class gold deposits are spatially associated. The Shining Tree property is also centred on the axis of a regional gravity high signifying an area of thick supracrustal rocks and under-plating by oceanic crust. In the Abitibi these associations appear conducive to the discovery of major gold deposits.
Sarissa carried out an initial investigative program on the property under the supervision of geologist Alex Korboukh, consisting of 4 one metre long channel samples from the quartz-carbonate veins in the area known as Stripped Area 1, as well as grab samples after blasting a 9 metre section from Stripped Area 3. The samples were assayed at Polymet Labs in Cobalt, Ontario, and returned the following results:
One Metre Channel Samples from Stripped Area 1:
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Sample Number Au g/tonne
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353401 0.206
353402 0.069
353403 0.686
353404 10.834
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Grab Samples after blasting from Stripped Area 3:
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Sample Number Au g/tonne
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353405 4.731
353406 13.097
353407 10.972
353408 15.772
353409 25.92
353410 0.069
353411 2.606
353412 1.989
353413 2.606
353414 14.743
353415 20.297
353416 2.949
353417 3.154
353418 9.463
353419 1.509
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The results from this very preliminary initial work program have revealed the presence of anomalous gold mineralization which warrants continued exploration.
Updates from both the Shining Tree property and Sarissa's flagship Nemegosenda niobium property are expected shortly.
Alan Hawke, BSc. MSc. (Geology), 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.
AI
