Hi folks...was asked by my good friend the Texas Ripper to post this:....Good investing all!...Jim
Posted by: jim6103 Date: Friday, June 19, 2009 3:32:47 PM
In reply to: None Post # of 50861
Sarissa Resources hits another homerun!
"CEO Scott Keevil's hot hand just got hotter with today's announcement of a channel/grab sampling on their claims in the Shining tree District of northern Ontario. From the 19 samples taken, assays revealed an astounding 7.456 gpt - almost a quarter ounce per tonne......"
That's the way this amazing bit of news should be written up in a trade journal -LOL. Scott's real expertise is in the exploration and discovery of gold. Most of his past work was in Indonesia with Alan Hawke in gold exploration. I was anticipating a move into gold at some point and am overwhelmed that it is now and with such positive initial news.
The channel/grab sampling was to get a feel of what they might have. In a very small sampling area and small number of samplings, they got some very very hi grades of Au - 13.097 gpt (grams per tonne), 14.743, 15.772, 20.297, 25.92 (31.1 grams is an ounce) - WOWIE! And these samples were all shallow - as in open pit low cost mining!
I have seen cut off grades of less than a gram per ton in some open pit golds. With these potential grades of a quarter ounce per tonne, an open pit mine would be incredibly profitable, but I am getting way ahead of myself. Just wanted to throw out some potentialities here. This will get very exciting!
All my experience in the investing world is centered around gold/silver miners. SRSR had been one of 2 stocks in my portfolio that is not a gold/silver play. Now I only have one!
I am also glad to see that Converge is out. I got a real bad taste after Converge hired that pump and dump newsletter crew that spammed the airwaves with CVRG sputtin. Even tho SRSR had nothing to do with it, sort of guilt by association in my mind. Scott only wanted CVRG along for the payment of costs. I think that the original plan was to prove up as much on the property as possible and then sell it off to a major. Neither SRSR nor CVRG could have afforded the cost of extensive drilling, feasibility studies, and mining. Now we got it all back and get to keep the downstroke. My guess is that since CVRG's meteoric rise on hot air that they re-nigged on the 3 million shares. JMHO...
Even tho this is a small sampling, it indicates that the property is worth continuing with a more extensive drilling program to delineate an Au deposit. They are certainly up in "elephant country" with their 16 claims. Indications from the small sampling program indicate that Scott and Company could be onto something really exciting.....
Just when I was getting use to the world class REE deposit, Scott has got to pull a stunt like this...ROTF....GOT SRSR....Smiling like a butcher's dog....Jim
AI
