Sarissa Resources Update
January 15 2014 - 8:30AM
Marketwired
Sarissa Resources Update
OAKVILLE, ON--(Marketwired - Jan 15, 2014) - Sarissa Resources
Inc. (PINKSHEETS: SRSR) ("Sarissa" or the "Company") is pleased to
release this 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. ("Nio-Star"). 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 (effective September 23, 2010 and available at
www.sedar.com), 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 (and subsequent extension, both of which
have now expired) with Sarissa, 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, Sarissa 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.
On Behalf of the Company,
Benjamin Ward President and COO
Warren Hawkins, P.Eng, is a "qualified person" within the
meaning of NI 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 Nio-Star Corp.,
as well as members of their respective management, in addition to
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 financial results and positions, the ability
to compete successfully and the ability to complete
above-referenced exploration and testing, as well as business
transactions. Neither Sarissa nor Nio-Star undertakes any
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 Inc. is a junior exploration company with
interests in properties in Northern Ontario, Canada. Sarissa and
Nio-Star are specifically focused on the development of the
Nemegosenda niobium project as well as the Shining Tree Resources
Corp. gold projects.
FOR FURTHER INFORMATION contact: www.sarissaresources.com Public
Relations: Merle Goertz North America: 866-307-1331 Hong
Kong: 852 8174 5996
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