Sarissa Commences Drilling Program

Date : 09/08/2017 @ 9:30AM
Source :InvestorsHub NewsWire
Stock : Sarissa Resources, Inc. (PN) (SRSR)
Quote : 0.0039  0.0 (0.00%) @ 9:32AM

Sarissa Commences Drilling Program

Sarissa Commences Drilling Program

Toronto, Canada, September 8, 2017

Sarissa Resources Inc. (OTC Markets: Pink SRSR) (Sarissa or the Company) is pleased to announce that it has commenced a drill program on its Nio-Star Corp. (Nio-Star) subsidiary's Nemegosenda specialty metals (niobium) project located near Chapleau, Ontario, Canada. 

In order to obtain more representative samples from the SE zone of the Nemegosenda property to further its metallurgy program being conducted at SGS Lakefield Labs, and to support the planned Magnitude Study, the Company has engaged Asabanaka Drill Services GP Corp., to provide specialized drilling in the SE zone. This drill program is being completed under the direction of Patrick Chance M.Sc., P.Eng.

Additionally, the Company is pleased to announce that it has retained J.R. Goode and Associates of Toronto to bolster its expertise in the area of metallurgy. John Goode B.Sc. (Chemical Engineering in Metallurgy), ARSM, P.Eng. FCIM, FAusIMM, has a long and distinguished career in the mining business and brings unequaled global experience in metallurgy including extensive work specifically with niobium to the Company. Mr. Goode will design and oversee the Companys metallurgy program.

"It is gratifying to be able to move this project forward and work alongside such a talented team of mining professionals." stated Company President, Dan Byrnes. "With the backing of RP Capital Group, the Company is now able to advance what we believe is a word class asset along the path to a mine." added Mr. Byrnes.

Nio-Star Chairman of the Board Ronald Potts stated "RP Capital Group is very excited about the Nemegosenda Niobium project and its great potential. We continue to assemble the necessary mining and metallurgy experts including the recent addition of John Goode to the team. We are also presently securing additional investment banking support and the capital the project will require to complete the preliminary economic assessment within 12 months."

Director, Otto Pichler, who is responsible for the technical oversight of the project, stated "It is exciting to see work on the property resuming with this drill program.  We are planning a tremendous amount of work on the property in the coming months including an extensive 40 hole diamond drilling program on the SE-zone and several twin holes in the D-zone beginning in fall of this year.  We are on schedule to provide significant updates on the project in the coming months. The preliminary metallurgy tests, containing some flotation and gravity trials, executed by SGS in Lakefield, provided the Company's experts with significant insight on how to efficiently plan our approach for the projects metallurgy."

Patrick Chance M.Sc., P.Eng. is a qualified person within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release

About Sarissa Resources Inc.

Sarissa Resources Inc. is a mining development company presently focuses on developing the Nemegosenda Niobium project through its Nio-Star Corp., subsidiary. Nio-Star Corp. has partnered with RP Capital Group Inc. in the development of this project.

For further information contact:

Sarissa Resources Inc. 
Telephone: +1-702-550-2347
Email: ir@niotechcorp.com

Forward-Looking Statements Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as plans, anticipates, expects, believes or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking information. These factors are discussed in greater detail in the Company's business plan and filings with the OTC Markets.

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