Sarissa Resources Inc. (PINK:SRSR) Shining Tree Gold Property Drilling Results
Oakville, ON, Jan 6, 2010 AEST (ABN Newswire) - Sarissa Resources Inc., (
PINK:SRSR) is pleased to release the results from the initial diamond drilling program conducted at the O'Connor-Asquith gold property in the Shining Tree district of northern Ontario, which included one intersection of 9.26 grams per tonne gold over 2.06 meters.
The Shining Tree property consists of 16 claim units in the townships of Asquith and Churchill in the Shining Tree district of Ontario. On a regional scale, a series of mafic to felsic volcanic flows and tuffs underlie the property, which also appears to be centered on the axis of a regional geophysical gravity high. This high could be interpreted as an area of thick supra-crustal rocks and under-plating by occanic crust that has been associated with the discovery of major gold deposits in Precambrian rocks of the Canadian Shield.
Sarissa had previously conducted surface exploration consisting of stripping and blasting work on the historical large scale Gosselin gold bearing quartz stockwork vein systems and wall rocks found within the central area of the property. This recent work identified a possible northern extension to the known area of Gosselin mineralization.
Two diamond drill holes were collared to test the newly identified northern Gosselin extension near surface (Drillhole SC-1) and the central Gosselin zone at depth (Drillhole SC-2). Hole SC-1 was drilled to a depth of 148.86 meters at an inclination of -45 degrees and encountered a series of quartz stock-work veins from surface to a down-hole depth of 32 meters hosted within foliated felsic volcanic. Veins and wall rocks commonly contained finely disseminated pyrite and chalcopyrite. Anomalous values for gold and silver were identified in several intervals within this zone. Underlying the quartz stockwork zone was a series of highly foliated felsic to mafic volcanic sequences showing varying amount of carbonatization and silicification alteration. Varying amounts of fine pyrite and chalcopyrite mineralization were also noted. Anomalous gold and silver mineralization is also evident in these rock sequences.
Drillhole SC-2 was drilled in the central area of the property to test for possible depth extensions of previously identified gold bearing horizons in historical drilling programs. SC-2 was drilled to a depth of 152 meters at an inclination of -45 degrees. This hole also encountered a series of foliated felsic to mafic volcanic units with varying amount of carbonate alteration and silicification. Fine pyrite and chalcopyritic mineralization was evident throughout these rock sequences; in some instances the mineralization was quite abundant (>5%). Significant values of both gold and silver mineralization in hole SC-2 are reported as follows:-----------------------------------------------------------Grams/Tonne Grams/Tonne Intersections Depth Gold Silver Meters From (M) To (M)----------------------------------------------------------- 9.26 24.56 2.06 33.94 36 15.93 3.32 36 39.32 1.17 3.19 42.44 45.53 32.3 1.09 44.44 45.53 61.51 0.85 55.15 56 54.48 2 64 66 1.4 4.85 54.15 59 0.45 11 64 75 56.32 3.68 89 92.68-----------------------------------------------------------
True widths for the intervals reported above are not known at this time. Sarissa's management is extremely pleased with these initial results as indications are that gold and silver concentrations in the central Gosselin zone area may improve with depth. Further drilling to test for depth extensions is presently being planned.
Warren Hawkins, 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.
Contact
Merle Goertz
Investor Relations
Tel: 866-307-1331
www.sarissaresources.com
http://nemegosenda.sarissaresources.com
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