Sarissa Resources Drilling Program Update
February 12 2014 - 8:23AM
Marketwired
Sarissa Resources Drilling Program Update
OAKVILLE, ON--(Marketwired - Feb 12, 2014) - Sarissa Resources
Inc. (PINKSHEETS: SRSR) ("Sarissa" or the "Company") is pleased to
release this 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.
The Company also announces the completion of a non-brokered
private placement of Class A common shares of The Company which
raised gross proceeds of $81,600 in this financing, through the
sale of a total of 5,100,000 flow-through common shares at $0.016
per share. All securities issued in connection with this financing
will be subject to a minimum four-month hold period. In accordance
with tax requirements, the proceeds from the private placement of
these flow-through shares will be used primarily to fund mineral
exploration activities on the Company's properties. 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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