Sarissa Resources Inc (PINK:SRSR) Updates On Nemegosenda Niobium Drilling Program
Sarissa Resources Inc (PINK:SRSR) Updates On Nemegosenda Niobium Drilling Program
Oakville, ON, Dec 2, 2009 AEST (ABN Newswire) - Sarissa Resources Inc., (PINK:SRSR) is pleased to announce preliminary results from the recent diamond drilling program on its 100% owned niobium property in northern Ontario. Three vertical holes were completed to continue to test for eastern extensions of the ore-zone originally identified by Dominion Gulf and confirmed by Sarissa's first drilling program, completed earlier this year. The previous drilling program had indicated a resource of 11,000,000 tonnes of 0.46% Nb2O5 material within the Hawke Zone (previously the D Zone) as outlined in the Technical Report prepared by Billiken Management Services Inc. in July, 2009.

The three drill holes continued on the same pattern as the earlier program, at 50 metre step-outs. DDH 09-78 was drilled 50 metres east of DDH-09-77; DDH 09-79 was drilled 50 metres east of DDH 09-74; and DDH 09-80 was drilled 50 metres east of DDH 09-73.

Results for DDH-09-79 have been received back from the assay lab, and the results confirm that the Hawke Zone continues to the east of the Company's previous drilling. This hole was drilled to a vertical depth of 254 metres, of which 243 metres was sent for assaying.

Of significance, an overall grade of 0.42% Nb2O5 was returned over the entire 243 metres, including 72 metres grading 0.6% Nb2O5 between 94.25 metres and 166.25 metres.

Final results for DDH 09-78 and 80 are expected shortly.

Warren Hawkins, P.Eng. 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.

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.

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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