Last $0.01 USD
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As of 3:59 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

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06/19/14 - $0.02
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sarissa resources inc (SRSR) Details

Sarissa Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company’s flagship projects include the Nemegosenda niobium project covering an area of approximately 9,000 acres consisting of 1,800 patented claims, and an additional 7,200 contiguous acres staked in northern Ontario; and the Shining Tree gold project consisting of 16 claim groups in northern Ontario. The company was formerly known as Michigan Mining Investment Inc. and changed its name to Sarissa Resources Inc. in December 2006. Sarissa Resources Inc. was incorporated in 2005 and is based in Oakville, Canada.

Founded in 2005

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sarissa resources inc (SRSR) Key Developments

Sarissa Resources Inc. Announces Drilling Program Update

Sarissa Resources Inc. released 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 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 % Nb(2) O(5) over the last 30.5 m, and the entire Hole 14-82 returned 0.45% Nb(2) O(5) over 293 m. The true widths of these intersections are not known at this time.

Sarissa Resources Announces Drilling Program Update

Sarissa Resources Inc. released update to shareholders relating to ongoing activities. Following on from the Company's previously announced plans to advance exploration of the Nemegosenda Niobium Project, the Company's first drill hole of the program has been completed. DDH 14-82 was drilled within the D Zone to test the previously drilled hole #56-49, and was ended at a length of 306 meters. DDH 56-49 ended at a length of 262 meters, but the current hole was continued deeper to test for further mineralization. No major challenges were encountered and the core has been logged and split and has been sent for assaying.

Sarissa Resources Inc. Announces Update to Shareholders Relating to Ongoing Activities

Sarissa Resources Inc. announced update to shareholders relating to ongoing activities. The company has prepared plans to advance exploration of the Nemegosenda Niobium Project, which it holds through its wholly-owned subsidiary, Nio-Star Corp. The first phase of those plans involved initial conceptual analysis, which was followed by testing of Niobium mineralized material at a research facility in Houston, Texas. This testing sought to maximize liberation of the pyrochlore containing Niobium. Initial positive results from this first stage have led to the development of plans for a larger scale test, to be conducted this spring. In addition, following the recommendations presented in the last NI 43-101 technical report prepared on the Nemegosenda Niobium Property a drilling program of approximately 1,500 Meters has been outlined. This drilling will, among other things, provide precise twinning of five of the original Dominion Gulf drill holes within the D Zone that are discussed in that report. Drilling of the first hole is scheduled to begin as soon as roads to the area can be cleared and the drilling equipment mobilized onsite. Mobilization for drilling was started this week, with drilling to follow. With respect to the metallurgical testing that was undertaken in China on samples from the Nemegoenda Niobium Property by the Chinese State Owned Enterprise with whom the company had entered into a Letter of Intent with the company has been advised that testing remains in progress. To date, a written interim report on this testing has not been received by the company. The company has not entered in to any recent letters of intent with potential joint venture partners or others relating to the Nemegosenda Niobium Property. However, the company has continued to provide technical information to key interested parties. The company anticipates that the additional information resulting from currently planned exploration and testing will contribute to moving discussions with the aforementioned parties forward.


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