Old News Recaps from 2009, 2010
Sarissa Resources, Inc. Shining Tree Property Results
BAY CITY, MI, Jun 22, 2009 (MARKETWIRE via COMTEX) -- Sarissa Resources, Inc.
("Sarissa" or the "Company") (PINKSHEETS: 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. ("Converge") 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 the townships of Asquith
and Churchill 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 centered on the axis of a regional gravity high signifying an
area of thick supra-crustal 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 a contract Geologist, consisting of 4 one metre long channel
samples from the quartz-carbonate veins in the area known as Area One/Two, as
well as grab samples after blasting a 9 metre section from Area Three. The
samples were assayed at Polymet Labs in Cobalt, Ontario, and returned the
following results:
One Metre Channel Samples from Areas One & Two:
Sample NumberAu g/tonne
3534010.206
3534020.069
3534030.686
35340410.834
Grab Samples after blasting from Area Three:
Sample NumberAu g/tonne
3534054.731
35340613.097
35340710.972
35340815.772
35340925.92
3534100.069
3534112.606
3534121.989
3534132.606
35341414.743
35341520.297
3534162.949
3534173.154
3534189.463
3534191.509
Average of 15 Samples8.658 grams per tonne
Alan Hawke visited the Shining Tree property to check the Quartz Vein/Stockworks
that have been exposed, which have been identified as Areas One to Four. Areas
One and Two are the same North-South Striking Quartz Vein/Stockwork system. Area
Three is 300 metres north, and strikes East-West. Area Four is 200 metres further
north. It is thought that Areas One/Two and Four are related which are joined by
the Area Three East-West Quartz Stockwork.
The Four areas have been sampled by shallow saw cut channels, which only sampled
the main exposed quartz veins. Results of this sampling indicated that Area Three
warranted more detailed testing.
Area Three was then opened up with surface blasting over a nine metre section
along the main east-west quartz/stockwork veining. Fifteen samples were taken
along this and as noted above averaged 8 grams per tonne rock. The extent of this
high grade quartz-stockwork has not been determined due to being covered by
glacial till.
A work program is in preparation to test the extent of Area Three and the
relationship to the other gold anomalous areas within the claims.
Alan Hawke considers the results above are indicative of an extensive gold rich
quartz veining/stockwork system.
Updates from both the Shining Tree property and Sarissa's flagship Nemegosenda
niobium property are expected shortly. Additionally, Sarissa has retained Edmund
Cachia & Co. of Toronto as new Company auditors, and has moved to Capital
Transfer Agency Inc. in Toronto as transfer agents.
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.
About Sarissa Resources
Sarissa Resources is a junior exploration company with interests in properties
with base metal, precious metal, uranium, niobium and rare-earth prospects in
Northern Ontario, Canada.
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 members of its management as
well as 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. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results.
FOR FURTHER INFORMATION contact:
Sarissa Resources - Vision Strategy
and The Nemegosenda Project
Investor Relations:
Merle Goertz
604-688-2349
SOURCE: Sarissa Resources, Inc.
Sarissa Resources - Vision Strategy
The Nemegosenda Project
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