Sarissa Resources Drilling Program Update
April 22 2014 - 10:05AM
Marketwired
Sarissa Resources Drilling Program Update
OAKVILLE, ON--(Marketwired - Apr 22, 2014) - Sarissa Resources
Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to
release this update to shareholders relating to ongoing
activities.
Following on from the Company's previously announced plans to
advance exploration of the Nemegosenda Niobium Project, results
from the first verification hole have been received and
analyzed.
DDH 14-82 was collared at GPS co-ordinate 344464 m E, 5320431 m
N (UTM zone 17) adjacent to Dominion Gulf drill-hole 56-49 (GPS
co-ordinate 344463 m E, 5320431 m N, UTM Zone 17), and was drilled
with the same azimuth (N 40 degrees E) and inclination (-45
degrees). The following results were obtained:
Hole 56-49 Depth Interval (m) |
Hole 56-49 Nb2O5(%) |
Hole 14-82 Depth Interval (m) |
Hole 14-82 Nb2O5(%) |
12.50 - 261.89 |
0.48 |
10.5 - 262.5 |
0.46 |
- |
- |
262.5 - 293 |
0.36 |
The Company elected to extend Hole 14-82 beyond the end of Hole
56-49 to test for additional niobium mineralization at depth. This
drilling returned 0.36 % Nb2O5 over the last 30.5 m, and the entire
Hole 14-82 returned 0.45% Nb2O5 over 293 m. The true widths of
these intersections are not known at this time. The quality
assurance program and qualify control measures applied during the
execution of the drilling and testing reported in this news release
consisted of the insertion of laboratory prepared standards and
blanks into the sample stream at regular intervals. Prior to
shipping the samples to the laboratory, the drill core was split
using a table saw. One half of the split sample was placed in a
sealed sample bag for shipment to an independent laboratory.
The other sample half was returned to the core box for archival
purposes.
Samples were submitted to Agat Laboratories of Mississauga
Ontario and were analyzed for their niobium content using Borate
Fusion with an ICP-MS finish. Agat Laboratories is certified to the
ISO-9001 standard and are independent of Sarissa.
The focus of the current program is to verify results obtained
from the Dominion Gulf 1950's diamond drilling program, with a view
to eventually incorporating the Dominion Gulf data into an up to
date NI 43-101 compliant estimate of the Nb2O5 mineralization of
the Nemegosenda Niobium Project. Sarrisa management is pleased
with the results reported above in that niobium concentrations in
DDH 14-82 are consistent with those obtained by Gulf in DDH
56-49.
The Company also announces that, through its wholly-owned
subsidiary, Shining Tree Resources Corp. ("Shining Tree"), it has
entered into an agreement with Canada Resources PLC ("CRes"), an
Irish company, whereby CRes will acquire Shining Tree's Otto
township property for $100,000, with Shining Tree retaining a 2%
Net Smelter Return royalty on the property. The transaction is
subject to approval of the shareholders of CRes.
Warren Hawkins, P.Eng. is a "qualified person" within the
meaning of NI 43-101 and has approved 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 financial results and positions, the ability
to compete successfully and the ability to complete
above-referenced exploration and testing, as well as business
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. Sarissa and
Nio-Star are specifically focused on the development of the
Nemegosenda niobium project as well as the Shining Tree Resources
Corp. gold projects.
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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