OAKVILLE, Ontario, Sept. 19, 2014 /PRNewswire/ -- Sarissa Resources
Inc. ("Sarissa" [SRSR:OTCPK], or the "Company") is pleased to
announce that through the Ministry of Northern Development and
Mines the Company will be able to gain access to drill core from
three of the original holes completed by the Dominion Gulf Company
during their extensive drilling on the Company's Nemegosenda
niobium project in Ontario.
This development will allow the Company the opportunity to
re-log the core and provide direct comparison with Dominion Gulf's
original logs. Two of the holes were assayed by Dominion Gulf, and
these will be re-assayed for further comparison. The core from a
third hole was not originally assayed by Dominion Gulf. The
company can still do the geological comparison and our own assaying
to gain further information on the property.
"The Ministry of Northern Developments and Mines opening up
access to these historical drill cores combined with the twinning
program which the Company began earlier this year, which will
be continuing as soon as the drill and team can be mobilized, is
expected to give our geologists a higher level of confidence in the
Dominion Gulf Data, allowing us to move the Company's historical
resource estimate to a higher resource classification. These
historical cores will also allow for a direct comparison to the
Dominion Gulf analytical methods which should allow for a higher
degree of confidence in assessing the Dominion Gulf historical
data," said Scott Keevil, Chief
Executive Officer of Sarissa.
"This is an exciting development which will allow the Company to
accelerate the time table on our recently announced geological
plans which are expected to raise The Company's existing resource
classification which is expected to lead to a completed Preliminary
Economic Assessment (PEA) also known as a Pre-Feasibility Report,"
added Dan Byrnes, President of
Sarissa.
This topic will be included in the previously scheduled
conference call taking place on September
23, 2014 at 4:15pm. The
call may be accessed by dialing; for US and Canadian callers
866-952-8561 (+1 785-424-1883 for international callers).
Callers will reference the conference ID: SARISSA. Following
the call, an audio replay will be available on the Company website
under the Investors page; http://sarissaresources.com/investors.
The audio replay will be available through October 6, 2014.
If you need further information or assistance with this call
please contact the Company's Investor Relations Department at
ir@niostar.com.
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. Visit www.sarissaresources.com for
additional information.
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.
SOURCE Sarissa Resources Inc.