Sarissa Resources Check Assay Results and Updated SE Zone Analysis
December 17, 2012 07:30 ET
OAKVILLE, ON--(Marketwire - Dec 17, 2012) - Sarissa Resources Inc. (PINKSHEETS: SRSR) ("Sarissa"), through its wholly-owned subsidiary Nio-Star Corp. ("Nio-Star" or "the Company") is pleased to release this update relating to the samples collected for analysis in China.
As previously announced, Nio-Star has collected and shipped approximately 900 kilograms of rock samples from the adit area of the Nemegosenda project to a China Research facility for metallurgical, process testing. Grab samples were selected from the shipment and sent for assaying in Canada as a check, and results have now been received. As the samples were taken from the well-explored adit area of the project, positive niobium and tantalum results were expected, and received. Two of the assays returned Nb2O5 (niobium pentoxide) results of 0.86% and 0.51% respectively. A third sample returned negligible Nb2O5 results, with 6700 ppm Ta2O5.
Concurrently, further analysis was conducted on the drilling previously done in the South East Zone; specifically diamond drill holes 10-81 and 10-83. Previous releases had detailed significant niobium mineralization throughout these two drill holes. Results have now been analyzed and updated to include final results from the bottom portion of DDH 10-81.
DDH 10-81 returned 3458 ppm Nb2O5 (0.35%) over its entire length of 230 metres, as well as 1,956.1 ppm (0.2%) total rare earth oxides (TREO) and 154.3 ppm Ta2O5 throughout the hole. Of particular interest, 81-10 ended in a high grade zone from 216.5 to the end of the hole that assayed 6399 ppm (0.64%) TREO.
The results of DDH81-10 show a high degree of reproducibility in niobium values compared to holes 56-33 and 56-35. This data provides further support of the reproducibility of niobium grades outlined by the historical results of the Dominion Gulf work completed over the Southeast Zone.
The results from the diamond drilling confirmed that the Southeast Zone is also host to anomalous values of Rare Earth Elements and tantalum; however the economic potential for these elements requires additional investigation.
Warren Hawkins, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has read and is responsible for the technical information contained in this news release.
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 Nio-Star Corp., as well as members of their respective management, in addition to 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. Neither Sarissa nor Nio-Star undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project as well as its Shining Tree gold project.
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