Sarissa Resources Check Assay Results and Updated SE Zone Analysis
December 17 2012 - 7:30AM
Marketwired
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.
FOR FURTHER INFORMATION contact: www.sarissaresources.com Public
Relations: Merle Goertz North America: 866-307-1331 Hong Kong: 852
8174 5996
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