Alan Hawke conferring with Sarissa's independent geological consultants on the 43-101 report.
This program will follow on from the successful 1st phase drilling program, which confirmed the presence and depth extension of the niobium mineralization in the D Zone as previously identified by Dominion Gulf Company ("Gulf"). Notably, all the holes from the 1st phase returned significant niobium mineralization, averaging 0.4% Nb2O5 over the entire 1,728 metres that were sent for assaying.
The program will involve further diamond drilling to continue to expand on the mineralized niobium resource in the D Zone. In addition the Company plans to commence drilling in the South East Zone, located some 1500m south-east from the D Zone.
A further aspect of this program will entail beginning metallurgical studies. SGS Lakefield Research Ltd. has been retained to conduct a Proof of concept program, which will focus on the recovery of niobium compounds. The multi-disciplinary approach will fully characterize the ore, investigate if physical ore upgrading is feasible by standard ore beneficiation processes, and develop a hydrometallurgical method for the extraction and selective recovery of (initially) the Nb phase. The investigation should be considered as a scoping or pre-feasibility study to establish a baseline flowsheet for targeted product recovery.
As well as the exploration program planned for Nemegosenda, Sarissa will also conduct further exploration at its Shining Tree gold property in the townships of Asquith and Churchill in the Shining Tree district of northern Ontario. This program will involve stripping and extraction of larger, representative samples for assaying and testing.
Sarissa has been working with a Toronto based geological consulting firm on the preparation of a National Instrument 43-101 compliant report on the Nemegosenda property. This report is now in the final editing stage and is expected to be available shortly.
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.
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.
About Sarissa Resources Inc.
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.
Sarissa Resources Inc.