Sarissa Resources Inc. (PINK:SRSR) Completes Three Niobium Holes In Ontario And Provides An Update On Nemegosenda Project
Sarissa Resources Inc. (PINK:SRSR) Completes Three Niobium Holes In Ontario And Provides An Update On Nemegosenda Project
Oakville, ON, Aug 21, 2009 AEST (ABN Newswire) - Sarissa Resources Inc. (PINK:SRSR), is pleased to announce the completion of a further three diamond drill holes on its 100% owned niobium property in northern Ontario. These three vertical holes continued on from the original nine hole program completed earlier this year. The previous drilling program had indicated a resource of 11,000,000 tonnes of 0.46% Nb2O5 within the Hawke Zone (previously the D Zone) as outlined in the Technical Report prepared by Billiken Management Services Inc. in July, 2009.

The current program was targeted to test the eastern extension of the previously identified resource, and was conducted under the guidance of Hillar Pintson M.Sc., P.Geo. The core from this current program is being logged and split, and samples being prepared for assay. As these results are obtained, the Company will continue to update the Hawke Zone indicated resource.

In addition the Company has opened up some trenches in the SE Zone. Scintillomoter readings taken within the trenching area have provided significant readings. A program of line cutting will be undertaken in this area in preparation for drill testing and delineation of the zone.

The SE Zone "occurs 1500 metres south east of the "D" Zone [Hawke Zone]. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m" ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc."- July 21, 2009-Billiken Management Services Inc.)

Dr. Cam Cheriton, a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.

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.

 


Contact

Merle Goertz
Investor Relations
Tel: 866-307-1331
www.sarissaresources.com
http://nemegosenda.sarissaresources.com



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