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Re: fxchat post# 71719

Saturday, 10/31/2009 12:56:56 PM

Saturday, October 31, 2009 12:56:56 PM

Post# of 165854
This is an extract from the NI41 report. Recommendation to gain NI41 standard.
COsting SARISSA $1.8mln
"The next phase of drilling is recommended to extend the deposit to the northeast, 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 further 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 reporting by the company. A number of "cross-over" drill-holes at -45 degrees to verify that the vertical 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 undertaken as soon as possible to further support the economics of the project.
The ‘South-East' Area warrants further 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 in determining the dip of the deposit."

The next info are from SARISSA website

"At the Company's Nemegosenda niobium property a summer program to drill a further three holes in the Hawke Zone (formerly the D Zone) has concluded, as previously announced. The core from these holes is being logged and sent for assay. As a number of holes from the past year's drilling have ended in mineralization at vertical depths around 200 metres, the Company has decided to bring in a larger drill rig to allow for further depth testing of the mineralized zone from these and other holes. This next phase program is expected to commence in October.

Further exploration this summer also expanded potential mineralized areas of the SE Zone. A follow-up drilling program is being planned to test potential mineralized extensions of this zone. The SE Zone "occurs 1500 metres south east of the 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.)."

So has Sarissa started addressing the problem?

Any one knows how long more before SARISSA can start mining?