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Last $0.01 USD
Change Today +0.001 / 10.00%
Volume 162.2K
As of 3:57 PM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

sarissa resources inc (SRSR) Snapshot

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12/12/14 - $0.02
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08/3/15 - $0.0041
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sarissa resources inc (SRSR) Details

Sarissa Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Northern Ontario, Canada. Its principal projects include the Nemegosenda niobium project covering an area of approximately 9,000 acres of patented and unpatented mining claims; and the Shining Tree gold project. The company was formerly known as Michigan Mining Investment Inc. and changed its name to Sarissa Resources Inc. in December 2006. Sarissa Resources Inc. was incorporated in 2005 and is headquartered in Oakville, Canada.

Founded in 2005

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sarissa resources inc (SRSR) Key Developments

Sarissa Resources, Inc. Announces Results of Verification Drilling Program

Sarissa Resources, Inc. has received all of the assay results from its fall 2014 verification diamond drilling program. 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. 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%. 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. This data will now be used to determine the accuracy and reliability of the historic data by RPA Inc.

Sarissa Resources Inc. Completes the Initial Drilling Phase of Onsite Geology Work for Nemegosenda Niobium Project in Ontario

Sarissa Resources Inc. announced that it has completed the initial drilling phase of its onsite geology work previously announced as part of its development plan for the Company's Nemegosenda niobium project in Ontario, which is 100% owned by the company's wholly owned subsidiary, Nio-Star Corp. The company has completed the initial drilling portion of the verification program announced on September 11, 2014 designed to twin certain of the diamond drill holes that Dominion Gulf Company had completed in 1956. Four holes have been completed in this twinning program (one earlier this year and three completed in the past month) and assay results from the recently drilled holes are expected shortly. The company has retained a technical specialist to complete down hole gyroscopic surveys on the Company's existing drill holes. This work is expected to be completed within the next two weeks. Evaluation of the original Dominion Gulf drill cores that were obtained through the Ministry of Northern Development and Mines, identified several unexpected intervals of incomplete core. In light of the missing intervals within the original Dominion gulf cores and to supplement that incomplete data the company elected to also drill a fourth twinned verification hole. This work is expected to provide higher confidence levels for updated niobium resource classifications. An industry standard QA/QC program has been implemented for this phase of verification drilling which involved inserting external quality control samples (certified standards, blanks and duplicates) into the drill core samples stream. The company will be reviewing this QA/QC for consistency. As a further QA/QC measure, an outside laboratory will be retained to conduct further verification analyses on approximately 100-150 pulps from the 2009-2010 drilling program for comparison purposes. RPA Associates has begun work toward the completion of a mineral resource estimate, Preliminary Economic Assessment, and an updated NI 43-101 Technical Report. The company expects to have the first of these reports in the near future.

Sarissa Resources, Inc. - Shareholder/Analyst Call

To discuss the company's previously announced development plans for the Nemegosenda niobium project in Ontario, which is owned by the company's wholly owned subsidiary, Nio-Star Corp. and to presenting an overview on the development plans for Nemegosenda niobium project in Ontario, followed by a question and answer session


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