Summary of Sarissa Resources Inc. Winter Drill Program at Nemegosenda Property
BAY CITY, MI, Apr 22, 2009 (MARKET WIRE via COMTEX) -- Sarissa Resources Inc., ("Sarissa" or the "Company") (PINKSHEETS: SRSR), is pleased to provide further assays and a summary of the completed 2008-2009 Phase One diamond drilling program from the Company's 100 percent owned Nemegosenda niobium property in northern Ontario, Canada.
During late 2008 and early 2009 Sarissa drilled nine diamond drill holes in the D Zone portion of the property, totaling 1,842 metres, to seek confirmation and depth extension of the niobium mineralization previously identified by Dominion Gulf Company ("Gulf"). Notably, all the holes returned significant niobium mineralization, averaging 0.4% Nb2O5 over the entire 1,728 metres that were sent for assaying (Table 1 below).
It should be noted that the drilling program successfully confirmed both the mineralized zone data historically reported, and that the mineralization continues below what had previously been identified as the depth of the mineralized zone. It has also demonstrated that the mineralized zone increases in grade and depth towards the eastern portion of the zone.
The three drill holes on the eastern end of the current drill sections returned:
DDH-09-73 at 344,525E 5,320,425N includes 194m to 239m = 45m @ 0.77% Nb2O5
DDH-09-74 at 344,550E 5,320,475N includes 167m to 179m = 12m @ 0.71% Nb2O5
Note: DDH-9-74 was stopped at 197m.
DDH-09-77 at 344,575E 5,320,525N includes 131m to 260m = 129m @ 0.56% Nb2O5
Table 1: Drill Hole Summary (Details will be available on Sarissa's
website)
Drill Hole Total Nb2O5% Nb2O5%
Metres Weighted Including Weighted
Length Assayed Average (Metres) Average
----------- ----------- ---------- ----------- ----------
DDH 08-69 200 186 0.46 145.5 0.53
----------- ----------- ---------- ----------- ----------
DDH 08-70 245 231 0.33 138 0.43
----------- ----------- ---------- ----------- ----------
DDH 08-71 200 186 0.22 64.5 0.44
----------- ----------- ---------- ----------- ----------
DDH 08-72 209 203 0.42 117 0.54
----------- ----------- ---------- ----------- ----------
DDH 09-73 254 245 0.44 189 0.51
----------- ----------- ---------- ----------- ----------
DDH 09-74 197 182 0.42 87 0.56
----------- ----------- ---------- ----------- ----------
DDH 09-75 98(Fault) 81 0.48 51 0.56
----------- ----------- ---------- ----------- ----------
DDH 09-76 137(Fault) 123 0.5 78 0.58
----------- ----------- ---------- ----------- ----------
DDH 09-77 302 291 0.43 231 0.5
----------- ----------- ---------- ----------- ----------
Totals 1840m 1728m 0.40% 1101m 0.51%
----------- ----------- ---------- ----------- ----------
The following table provides summaries of the 1955/56 drilling program, the 2008/2009 program, and the summary from both programs. During the 1955/56 drilling program only 67% of the drill core was selectively assayed, whereas in the 2008/2009 drilling program 94% of the drill core was assayed.
D Zone Drill Holes - 1955/56 Program ------------------------------------ Total metres Drilled 6724.7 --------- Total metres Assayed 4542.8 --------- Weighted Average Nb2O5% 0.44 --------- Total of Included metres 2121.4 --------- Weighted Average Nb2O5% 0.56 --------- --------- Ratio of All Assayed/Includes 46.70% --------- D Zone Drill Holes - 2008/2009 Program -------------------------------------- Total metres Drilled 1840 --------- Total metres Assayed 1728 --------- Weighted Average Nb2O5% 0.4 --------- Total of Included metres 1101 --------- Weighted Average Nb2O5% 0.51 --------- --------- Ratio of All Assayed/Includes 63.72% --------- D Zone Drill Holes - All ------------------------ Total metres Drilled 8566.69 --------- Total metres Assayed 6270.76 --------- Weighted Average Nb2O5% 0.43 --------- Total Included metres 3222.44 --------- Weighted Average Nb2O5% 0.55 --------- --------- Ratio of All Assayed/Includes 51.39% ---------
Sarissa's current drilling program has increased the confidence level in the historic exploration and subsequent evaluation to the point that an indicated resource may now be calculated for the D Zone. Drill hole intersections, with a weighted average grade of 0.43%, are located within a surface area of some 76,250 square metres and to a depth of at least 200m. In 1958 an adit was driven 580 feet into the D Zone where historic sampling indicated that the average grade contains a weighted average of 0.57% Nb2O5.
The company is on schedule to produce an N.I. 43-101 mineral resource report. With our work to date, we expect the results of our evaluation to accomplish a number of objectives, including:
-- Materially increase the reported historical resource and; -- Establish that the Nemegosenda mineral resources represent one of the larger mineral niobium resources in North America and; -- Outline the potential mineralized area within the South East Zone.
South East Zone
In 1988 Musto Explorations Limited ("Musto") carried out an evaluation of the so called "East Zone" (the South East Zone), which is located some 1500m south east from the D Zone. Musto re-assayed nine drill holes from core which was still available. These nine drill holes are from an area of 250m x 700m and to a depth of 200m. Sarissa has checked the reports, maps and sections from this area and have calculated that there is a potential resource with a weighted average grade of some 0.35% Nb2O5 within this block of 250m x 700m x 200m. * This reported resource is historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however, they are considered material to the prospectivity of the Nemegosenda Project. A "qualified person," as defined under NI-43-101, has not done sufficient work to comment on the relevance or reliability of these historical estimates. The company is not treating the historical estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Sarissa currently does not have access to more recent estimates or data relating to the South East Zone, except as outlined in this and previous news releases.
Sarissa QA/QC Program
Quality Control and Assurance for all sampling was under the direction of Mr. Alan Hawke, a director of Sarissa and a Qualified Person as defined by National Instrument 43-101 standards. Core samples were collected from the drill site and transported back to a secure core shack in Kirkland Lake. Each core box was photographed by Sarissa personnel. Sarissa geologists then logged the core, noting rock types and alteration. The core was then split and packaged in sealed heavy weight polyethylene bags, and scintillometer readings taken and recorded. Core samples were delivered by Sarissa's geological consultants to Swastika Laboratories where the samples were crushed and prepared for testing. Swastika then sent the prepared samples to Assayers Canada in Vancouver for assaying. Reference samples and duplicates were run by Assayers Canada.
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.
About Sarissa Resources
Sarissa Resources Inc. is focused on the exploration and development of its niobium property in northern Ontario, Canada. The property hosts 2 areas of significant niobium mineralization, the D Zone, and the South East Zone. Sarissa also holds interests in other properties in the province, including a joint venture with Converge Global Inc. (CVRG), on the O'Connor Asquith gold property in the Shining Tree region of northern Ontario.
FOR FURTHER INFORMATION CONTACT: www.sarissaresources.com nemegosenda.sarissaresources.com
Investor Relations: Merle Goertz 1-604-688-2349
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