Sarissa Resources, Inc's assay results from chip samples

Tag : niobium metal

SRSR announces an asssay result in June , 2008. The results from all 15 samples taken and assayed confirmthe presence of niobium mineralization, tantalum mineralization andrare earth elements ("REE") mineralization within the deposit. Thesamples were taken over a 300-foot length of the adit, beginning atthe face.
Highlights include: niobium (Nb) concentrations of up to 5820 ppm;tantalum (Ta) concentrations of up to 193 ppm; and in the REE's,Neodymium (Nd) concentrations of up to 184 ppm. While the niobiumvalues returned, (equivalent Nb2O5 average of 0.52% over 15samples), were as expected based on historical work, the samplesprovided confirmation of the presence of tantalum, uranium, and REEmineralization within the D Zone. The assay results are summarizedin the following table.
The samples were assayed at Activation Laboratories Ltd. inAncaster, Ontario. Full analytical details of the samples areposted on the Sarissa website here ( http://www.sarissaresources.com/media/june_adit_sample_assays.pdf ). Sarissa's initial report from May, 2008 which summarizes some ofthe historical exploration done on the property may also beaccessed on the website, or by clicking here ( http://www.sarissaresources.com/media/hawkins_report.pdf ).
Follow-up work will include diamond drilling in the D Zone forgrade and tonnage calculations; and further sampling in the EastZone where historical trench samples reported anomalousmineralization (non NI 43-101 compliant): "This 'jacupirangite'horizon contains niobium mineralization throughout most of itslength; in one trench (88-3, Figure 7C) a continuous exposure, 14.3m in length, grading 1.85% Nb2O5 was intersected. Mineralizationwithin this zone was also intersected in trenches 88-4, 88-5 anddrill hole 55-13." (Report on the Geology and NB, Y, REE Potentialof the East Zone, Nemegosenda Lake Alkaline Complex: BeatyGeological Ltd, Vancouver BC, May 1988, p. 28)
Warren Hawkins, P.Eng, a geological consultant to the Company is a"qualified person" within the meaning of National Instrument 43-101and has reviewed the technical information contained in this newsrelease.
About the Nemegosenda Carbonatite Property:
The property is located about 30 kilometres northeast of Chapleau,Ontario, via Highway 101. Dominion Gulf conducted historicalexploration on the property in the late 1950's and early 1960's,estimating the reserves (non NI 43-101 compliant) of the mainniobium zone D at 20,000,000 tons of 0.47% Nb2O5 in a block 600 by800 feet with depths of up to 600 feet. The fieldwork andinterpretations of Dominion Gulf were confirmed by the work of theOntario Geological Survey in their report, "Geology of Carbonatite- Alkalic Rock Complexes in Ontario: Nemegosenda Lake Alkalic RockComplex - District of Sudbury, 1987." The property also includesknown occurrences of niobium and rare earth mineralization in theEast Zones
About Sarissa Resources
Sarissa Resources is a growth-oriented, multi-commodity mineralexploration and development company with interests in propertieswith base metal, precious metal, uranium, niobium and rare-earthprospects in Northern Ontario, Canada.
For further information please visit our website: www.sarissaresources.com
These reported resources are historical in nature and, therefore,not compliant with National Instrument 43-101 reporting standards;however they are considered material to the prospectivity of theNemegosenda Project. A "qualified person," as defined underNI-43-101, has not done sufficient work to comment on the relevanceor reliability of these historical estimates. The company is nottreating the historical estimates as, nor can the historicalestimates be relied upon as, current mineral resources or reserves.This property requires further evaluation, which Sarissa'smanagement and consultants intend to carry out in due course.
Safe Harbor
This press release contains statements, which may constitute"forward-looking statements" within the meaning of the SecuritiesAct of 1933 and the Securities Exchange Act of 1934, as amended bythe Private Securities Litigation Reform Act of 1995. Thosestatements include statements regarding the intent, belief orcurrent expectations of Sarissa Resources, Inc., and members of itsmanagement as well as the assumptions on which such statements arebased. Prospective investors are cautioned that any suchforward-looking statements are not guarantees of future performanceand involve risks and uncertainties, and that actual results maydiffer materially from those contemplated by such forward-lookingstatements. Important factors currently known to management thatcould cause actual results to differ materially from those inforward-statements include fluctuation of operating results, theability to compete successfully and the ability to completebefore-mentioned transactions. The company undertakes no obligationto update or revise forward-looking statements to reflect changedassumptions, the occurrence of unanticipated events or changes tofuture operating results.