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Gold/Mining/Energy : Sarissa Resources, Inc. (SRSR) -- Ignore unavailable to you. Want to Upgrade?

To: Harmonic who wrote (234)	1/5/2012 2:22:25 AM
From: Harmonic	Read Replies (2) \| Respond to of 7627

Looking at these charts it is interesting that in many ways we are well past discovery and entering feasibility but have not really experienced the chart highs of discovery. Any thoughts? This company IMO is not traveling a normal path to maturity. Don't get me wrong I believe we will get there but obviously we are on an unusual path due to an irrational market. How does one factor in an irrational market to the chart progression?

To: Harmonic who wrote (234)	1/5/2012 4:41:31 AM
From: sense	1 Recommendation Respond to of 7627

There was an unanswered question or two, here, recently, so I went back and looked at SEDAR for the Nov PR. They'd previously done work that included drilling two holes in the Gosselin area: "Sarissa had previously conducted surface exploration consisting of stripping and blasting work, followed by diamond drilling of two holes (SC-10-1 and SC-10-2) in the fall of 2010, on the historical large scale Gosselin gold bearing quartz stockwork vein systems and wall rocks found within the central area of the property. "In the second phase, two diamond drill holes (SC-11-3 and SC-11-4) were collared to test for depth extensions in intersections obtained in hole SC-10-2 drilled during Phase 1, including a reported highlight of 9.26 g/tonne Au and 24.56 g/tonne Ag over 2.06 m from 33.94 m to 36 m down hole." The result of the second hole SC-10-2 had shown a particular zone with a higher gold content that was paired with a higher silver value. The recent work was targeted to look for extensions of that structure: ' "Hole SC-11-3 was collared approximately 33 metres southeast of, and along the same section (and azimuth) as hole SC-2, and drilled at an inclination of -50 degrees to a depth of 167.2 m. Significant values for gold and silver mineralization" included : " 0.36 g/tonne gold over 7.48 m from 92.20 m to 99.68 m; and 19.35 g/tonne silver over 2.26 m from 94.31 m to 96.57 m". So, they appear to have again drilled through that same structure that they were looking for, that had the elevated silver values, some 33 meters to the southeast of SC-10-1. "Hole SC-11-4 was collared approximately 60 metres southeast of, and along the same section (and azimuth) as hole SC-2, and drilled at an inclination of -50 degrees to a depth of 173 m. Significant values for gold and silver" included: "0.92 g/tonne gold over 9.17 m from 35 m to 44.17 m down hole, and 12.1 g/tonne silver over 1.71 m from 42.46 m to 44.17 m down hole." So, again, it appears they found the same structure as they were looking for, with the elevated silver values, this time another 27 meter farther away from SC-10-2... so they've defined that it extends for at least 60 meters, from hole SC-10-2 to hole SC-11-4. Too early to read all that much into that, with only three holes drilled, but, from the data they have, it appears that what they're seeing thus far is that the values are tending to be higher nearer to the surface... around 40 meters down hole... but at an angle of 50 degrees... I don't see that as indicating a problem, when they're looking at bulk deposits that will be mined from the surface... ... that they're finding the higher values are closer to the surface in that structure, only 30 to 40 meters down hole... and have now extended the structure for 60 meters to the southeast ? They apparently don't think that's a problem, either: "The Company is extremely pleased with these results from this phase of drilling on the initial Shining Tree property and further drilling to test for strike extensions of the gold and silver mineralization obtained in holes SC-10-2 to SC-11-4 is presently being planned. " Still, I'm at least as interested in the next line, though: "In addition, ground preparation, exploration and sampling will be carried out on the additional Shining Tree area properties acquired over the past year."