Replies to post #42506 on Sarissa Resources Inc (SRSR)

[OntaREEo]

Two answers - the NI report is coming to provide reliable numbers on the D Zone. Although keep in mind, this will be based on 9 holes, and possibly some reliance on historic data. Further drilling will increase confidence in the numbers with ongoing NI reporting.

The SE Zone numbers are based on the historic data for now. The handout at the PDAC indicated:

"In addition to the reported historic resource in the D Zone, another area of significant mineralization occurs in the SE Zones. This area covers an area approximately 500 by 1200 meters that was originally drilled by Dominion Gulf Company ("Gulf") in the 1950's. Nine of the holes that Gulf had drilled were re-analyzed by Musto Explorations Ltd. in 1988. These cover an area of some 700 x 400 meters, to a depth of some 200 meters. The weighted average from 1393 meters of "re-assays" was 0.35% Nb2O5. Note that the results from the original drilling and re-assaying in 1988 are historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however they are considered material to the prospectivity of the Nemegosenda Project."

While the above clearly states 700x400x200, it was Alan Hawke the geologist who equated this to 160M tons.

[Kuzami]

You won't see any valuations in a PR until at least the NI 43-101 is done and released. And right now, we're only going to see what's in the zone D report. The big picture valuation (in a PR) is waaayyy down the road from where we're currently at.