Sarissa Resources Drilling Results From Shining Tree Resources
28 Noviembre 2011 - 9:00AM
Marketwired
Shining Tree Resources Corp. ("Shining Tree Resources" or "the
Company"), a wholly-owned subsidiary of Sarissa Resources Inc.
("Sarissa") (PINKSHEETS: SRSR), is pleased to release the results
from the second phase of diamond drilling conducted at the
company's initial gold prospect in the Shining Tree area of
northern Ontario.
The initial Shining Tree property (the "property") is located in
the townships of Asquith and Churchill in the Shining Tree area 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 oceanic crust that has been associated with
the discovery of major gold deposits in Precambrian rock of the
Canadian Shield.
Sarissa had previously conducted surface exploration consisting
of stripping and blasting work, followed by diamond drilling of two
holes (SC-10-1 and SC-10-2) in the fall of 2010, on the historical
large scale Gosselin gold bearing quartz stockwork vein systems and
wall rocks found within the central area of the property.
In the second phase, two diamond drill holes (SC-11-3 and
SC-11-4) were collared to test for depth extensions in
intersections obtained in hole SC-10-2 drilled during Phase 1,
including a reported highlight of 9.26 g/tonne Au and 24.56 g/tonne
Ag over 2.06 m from 33.94 m to 36 m down hole.
Hole SC-11-3 was collared approximately 33 metres southeast of,
and along the same section (and azimuth) as hole SC-2, and drilled
at an inclination of -50 degrees to a depth of 167.2 m. Significant
values for gold and silver mineralization are (depth intervals
provided are along the core axis): 1.71 g/tonne gold over 1.12 m
from 11.51 to 12.63 m; 0.31 g/tonne gold over 9.16 m from 19 m to
28.16 m; 1.37 g/tonne gold over 0.46 m from 70.54 m to 71 m; 0.36
g/tonne gold over 7.48 m from 92.20 m to 99.68 m; and 19.35 g/tonne
silver over 2.26 m from 94.31 m to 96.57 m.
Hole SC-11-4 was collared approximately 60 metres southeast of,
and along the same section (and azimuth) as hole SC-2, and drilled
at an inclination of -50 degrees to a depth of 173 m. Significant
values for gold and silver are: 0.92 g/tonne gold over 9.17 m from
35 m to 44.17 m down hole, and 12.1 g/tonne silver over 1.71 m from
42.46 m to 44.17 m down hole.
As observed in SC-10-2, gold and silver bearing zones in holes
SC-11-3 and SC-11-4 were identified within foliated felsic to mafic
metavolcanic sequences with varying amount of carbonatization,
silicification and fine pyrite mineralization. True widths for the
mineralized intervals reported above are not known at this time.
The Company is extremely pleased with these results from this phase
of drilling on the initial Shining Tree property and further
drilling to test for strike extensions of the gold and silver
mineralization obtained in holes SC-10-2 to SC-11-4 is presently
being planned. In addition, ground preparation, exploration and
sampling will be carried out on the additional Shining Tree area
properties acquired over the past year.
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.
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 Shining
Tree Resources Corp. and/or Sarissa Resources Inc., and members of
management as well as 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 operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The Company does not undertake any
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results.
FOR FURTHER INFORMATION contact: Public Relations: Merle Goertz
North America: 866-307-1331
Sarissa Resources (CE) (USOTC:SRSR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Sarissa Resources (CE) (USOTC:SRSR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024