Sarissa Resources, Inc. Shining Tree Property Results
BAY CITY, MI, Jun 22, 2009 (MARKETWIRE via COMTEX) -- Sarissa Resources, Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to provide initial results from its gold property in the Shining Tree district of Northern Ontario. The results are a product of Sarissa's recent work involving channel sampling and grab samples after blasting.
Sarissa optioned the property in March 2009, and subsequently entered into a joint venture option arrangement with Converge Global Inc. ("Converge") whereby they could earn up to a 50% interest in the property by funding exploration and making certain payments to Sarissa. In June Sarissa notified Converge that certain conditions under the option arrangement had not been met and that the Converge option had been terminated.
The Shining Tree property consists of 16 claim units in the townships of Asquith and Churchill in the Shining Tree district. On a regional scale the property is located within the prolific Abitibi greenstone belt which is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property appears to be on trend with the Larder Lake - Cadillac Break with which many of the world-class gold deposits are spatially associated. The Shining Tree property is also centered on the axis of a regional gravity high signifying an area of thick supra-crustal rocks and under-plating by oceanic crust. In the Abitibi these associations appear conducive to the discovery of major gold deposits.
Sarissa carried out an initial investigative program on the property under the supervision of a contract Geologist, consisting of 4 one metre long channel samples from the quartz-carbonate veins in the area known as Area One/Two, as well as grab samples after blasting a 9 metre section from Area Three. The samples were assayed at Polymet Labs in Cobalt, Ontario, and returned the following results:
One Metre Channel Samples from Areas One & Two:
Sample Number Au g/tonne
353401 0.206
353402 0.069
353403 0.686
353404 10.834
Grab Samples after blasting from Area Three:
Sample Number Au g/tonne
353405 4.731
353406 13.097
353407 10.972
353408 15.772
353409 25.92
353410 0.069
353411 2.606
353412 1.989
353413 2.606
353414 14.743
353415 20.297
353416 2.949
353417 3.154
353418 9.463
353419 1.509
Average of 15 Samples 8.658 grams per tonne
Alan Hawke visited the Shining Tree property to check the Quartz Vein/Stockworks that have been exposed, which have been identified as Areas One to Four. Areas One and Two are the same North-South Striking Quartz Vein/Stockwork system. Area Three is 300 metres north, and strikes East-West. Area Four is 200 metres further north. It is thought that Areas One/Two and Four are related which are joined by the Area Three East-West Quartz Stockwork.
The Four areas have been sampled by shallow saw cut channels, which only sampled the main exposed quartz veins. Results of this sampling indicated that Area Three warranted more detailed testing.
Area Three was then opened up with surface blasting over a nine metre section along the main east-west quartz/stockwork veining. Fifteen samples were taken along this and as noted above averaged 8 grams per tonne rock. The extent of this high grade quartz-stockwork has not been determined due to being covered by glacial till.
A work program is in preparation to test the extent of Area Three and the relationship to the other gold anomalous areas within the claims.
Alan Hawke considers the results above are indicative of an extensive gold rich quartz veining/stockwork system.
Updates from both the Shining Tree property and Sarissa's flagship Nemegosenda niobium property are expected shortly. Additionally, Sarissa has retained Edmund Cachia & Co. of Toronto as new Company auditors, and has moved to Capital Transfer Agency Inc. in Toronto as transfer agents.
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 is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.
FOR FURTHER INFORMATION contact: www.sarissaresources.com and nemegosenda.sarissaresources.com Investor Relations: Merle Goertz 604-688-2349
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