SRSR Sarissa Resources Inc (CE)

OAKVILLE, Ontario, Jan. 5, 2015 /PRNewswire/ -- Sarissa Resources Inc. ("Sarissa" [SRSR:OTCPK], or the "Company")  is pleased to release this update to shareholders relating to ongoing activities.

The Company has received all of the assay results from its fall 2014 verification diamond drilling program. Details of each hole and assays are provided below and include DDH-14-82 drilled in February of last year. The company completed a total of 1,042 meters of diamond drilling during 2014.

To evaluate for the potential of additional niobium mineralization at depth in the northwest corner of the D-Zone, hole DDH-14-84 was extended 55 meters deeper than previous historic drilling.  Management is pleased in that these results confirm that mineralization remains open to depth in this area of the D-Zone.

Also, surveys of drill hole collar locations by Ontario Land Surveyors and gyroscopic down hole surveys for deviation have also been completed. Verification testing of certain assay pulps from this and previous drilling programs are being sent to an outside laboratory for further independent confirmation of results.

While collaring hole DDH-14-86, the Company located what appears to be DDH-208-55-10 approximately three meters to the southwest in bedrock. Dominion Gulf reported that Hole DDH-208-55-10 returned 0.44% Nb₂O₅ over its entire length and a comparison of the niobium concentrations from the surface to 160 meter interval in each hole is within 10%.  Company CEO Scott Keevil feels that, "this is an encouraging sign and shows the quality of the historic work completed by Dominion Gulf Co."  

For the drilling program, the company continued to implement its industry standard quality assurance and quality control program. Review of the QAQC results suggest that the results reported for niobium values from the lab are reliable. Samples were submitted to AGAT Laboratories of Mississauga Ontario and were analyzed for their niobium content using Lithium-Borate Fusion with an XRF finish. AGAT Laboratories is certified to the ISO-9001 standard and are independent of Nio-Star.   This data will now be used to determine the accuracy and reliability of the historic data by the independent engineering firm, RPA Inc.

Dan Byrnes, President stated that, "This is an important milestone in the continued development of the Nemegosenda niobium property, and the results continue to support advancement of the company's development plan outlined last Fall." The next steps include continued data verification and comparisons with historic records for completion of the updated Technical Report.

In addition the Company has also upgraded its OTC Marketplace Listing status to "Current Information".  Dan Byrnes, President stated that, "This upgrade to the listing status of the company is part of an ongoing effort to improve the Company's disclosure and transparency.  The company believes that this move will provide additional credibility to the Company and assist in attracting additional investors to this project."

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.

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.

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SOURCE Sarissa Resources Inc.