SRSR - Sarissa Resources, Inc. (PINK Stock)

[Dinamo]

Sarissa Resources, Inc., (SRSR)

A/S is 950Million
O/S is 693,566,058
Restricted/Float is 427,480,000

Transfer Agent:
Bay City Transfer
(989)891 - 9720

[Dinamo]

Looks like a nice bottom play. Good volume over the past two days.

[Dinamo]

SRSR (0.0006) Sarissa Resources Enters Into Agreement With Creso Resources for the Development of Sarissa's Uranium and Copper Prospects in the Elliot Lake Mining Camp of Northern Ontario



Tuesday, July 31 2007 9:09 AM, EST

BAY CITY, MI -- (MARKET WIRE) -- 07/31/07 -- Sarissa Resources, Inc. (PINKSHEETS: SRSR) is pleased to announce that it has signed an agreement with Creso Resources Inc. regarding its uranium and copper holdings in the world renowned Elliot Lake mining camp of Northern Ontario . Creso will pay Sarissa CAN $95,000 , as well as 25,000 common shares of Creso Resources Inc. stock, for one hundred percent interest of Sarissa's share of the St. Nicholas prospect located in the camp. This prospect, of which the Lube Vent Group owns the remaining thirty percent stake, is comprised of 1200 acres and 31 claims, with 39 claims -- app. 1500 acres -- to be added this year. The Elliot Lake mining camp, a hotbed for Uranium discovery and mining production in the middle part of the 20th century, is widely known within uranium mining circles, mostly for having produced CAN $1.3 Billion of uranium oxide by 1970. The agreement between Sarissa and Creso should close within a month, subject to regulatory approval.
The agreement announced earlier this year with Jourdan Resources over Sarissa's St. Nicholas prospect has been officially terminated due to lack of approval by Jourdan's Board of Directors.
Sarissa continues to stake and explore the Elliot Lake mining camp and surrounding regions for opportunities in uranium and precious metals. President and CEO of Sarissa, Ben Fuschino, stated: "This agreement further illustrates the Company's commitment to the exploration and development of various prospects in this area."
Sarissa intends to continue this course of identifying and acquiring promising holdings -- in this Northern Ontario region as well as other key areas of North America -- and utilizing development and other partner-based agreements to develop these assets. "The Company firmly believes that commodity prices will continue to trend higher for many more years, and that we can build substantial leverage through the acquisition of these and other promising prospects."
As a footnote, Sarissa has terminated all ties with the firm Big Apple Consulting, which had previously performed public relations work for the Company.
About Sarissa Resources, Inc :
Sarissa Resources, Inc. , formerly Michigan Gold Mining Investments, Inc. , is an exploration company involved in the acquisition and development of mineral assets in North America . Among the Company's assets are a one hundred percent title to a Platinum/Palladium prospect in the Shillington Township of Ontario known as the "Deadmoose Lake" property, and a seventy percent (70%) interest in the St. Nicholas property, a uranium and copper prospect in the uranium-rich Elliot Lake mining camp. The Mike White Group , who has performed geophysical consulting work for the Company, retains the remaining thirty percent interest of the St. Nicholas prospect.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.
For more information, please visit Sarissa's corporate Web site located at: www.sarissaresources.com
Investor Relations:
Equiti-trend Advisors LLC
(800) 953-3350 Toll-Free (US & Canada)
(858) 436-3350 Local or Intl.

[Dinamo]

Low float stock. Could see a nice move on news. If it breaks through the resistance at .001, it has a good chance to explode.

[Dinamo]

Sarissa Resources Inc. is an American junior mineral exploration company developing mineral assets in North America. Currently, Sarissa Resources (SRSR) retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Shillington Township named the ‘Deadmoose Lake’ property. Sarissa Resources Inc. (trading symbol SRSR) is listed on the OTC market and has commenced the process of becoming a full reporting US company.

Investment Highlights
A geological survey commissioned by the Ontario government tested every lake bottom (4,000 lakes in Ontario) for PGM’s-Platinum and Palladium . The Deadmoose Lake had the highest PGM readings of any lake in Ontario

An electro magnetic survey has confirmed drilling targets to be dug in the next stage of exploration work on the Deadmoose Lake property

Business Strategy

The business strategy of Sarissa Resources Inc. (SRSR), as a junior exploration firm, is to develop mineral properties to enhance shareholder value over a long term time horizon. The first tactic in advancing the Company’s overall strategy is to choose the geographical venue best suited to meet SRSR stated goals. Mineralization occurs on every continent and almost every country in the world, but the Company must determine the optimum mix of opportunity and risk in each geographical venue, that offers the best return on the Company’s investment.

Sarissa's Management Team
http://www.sarissaresources.com/management.htm

Sarissa's Website
http://www.sarissaresources.com/

Sarissa's Press Releases
http://www.sarissaresources.com/press.php

Wall Street Interview with CEO
http://wallst.net/audio/audio.asp?ticker=SRSR&id=3295

A property that the SRSR has acquired, 100%, is the “Deadmoose” property, located in Shillington Township, in Northern Ontario. The six claims consist of approximately 600 acres.. “The property was staked following the release by the Ontario Geological Survey of Open File Report 6061: Montreal River Headwater Area Sediment Survey, Northern Ontario: PGE Data-Operation Treasure Hunt. The small spring-fed Deadmoose Lake, centered within the staking, contained the most anomalous results of over four thousand (4,000) lakes sampled under the lake sediment survey program.” (Rapski, 2002). The Deadmoose property were highest geochemical results of PGM;s (platinum related metals: palladium etc.) in all of the four thousand lakes of Ontario. This finding, of course, does not preclude that even though the Deadmoose Lake has the highest finding of Platinum related minerals in its lake sediments in the province that it possesses economic quantities of Platinum (app. $1150/ounce) and/or Palladium (app.$225/ounce). After staking the property, the prospector and the Optionee in our agreement, John Rapski, had a proton-procession magnetometer survey conducted over all of the claims. The magnetic high was located at the west end of the property and coincides with rust stained water from the lake sediments and the warm spring. The working theory is that the PGM’s are being transported to the lake sediments up from the warm spring; the biogeochemical and magnetic surveys seem to confirm this theory. Therefore, the Company plans to drill three holes, of five hundred (500) feet each, on roughly, a forty-five (45) degree angle, into the spring’s base. The drill holes will be spotted (the place the where the drill enters and at what angle) by an independent, professional geologist and he will personally handle all the core samples until they are given to the independent assay lab. SRSR anticipates drilling on the Deadmosse in June-July of this year.

SRSR has an agent of the firm negotiating with Peruvian vendors for copper, gold, zinc, lead and silver properties. Many mineral deposits in Peru have not been properly geologically mapped and drilled to delineate the ore reserve. SRSR will use its expertise and business relationships to develop these ore bodies to mine the metals itself or joint venture with another firm.

[Dinamo]

http://stockcharts.com/c-sc/sc?s=SRSR&p=D&yr=0&mn=6&dy=0&i=p51761614145&r=1353

[Kuzami]

This one's been building up the past couple of days and finally seeing some action today after news came out...


Press Release Source: Sarissa Resources, Inc.

Sarissa Resources, Inc. Acquires Two Uranium/Copper Properties in the Elliot Lake Camp in Northern Ontario
Thursday November 1, 9:15 am ET

BAY CITY, MI--(MARKET WIRE)--Nov 1, 2007 -- Sarissa Resources, Inc. (Other OTC:SRSR.PK - News) is pleased to announce that it has acquired two Uranium/Copper claims in the Elliot Lake mining camp in Northern Ontario, Canada. The claims represent approximately one square mile (640 acres) of land. The properties are on the White Uranium trend. SRSR president, Ben Fuschino comments, "We at Sarissa are extremely pleased with this acquisition. Uranium demand will increase as oil prices rise. We believe we have positioned ourselves well with this acquisition. Our next goal is to acquire some gold properties to diversify our mineral portfolio."

Sarissa Resources, Inc. is a junior exploration company that locates and develops mineral properties in North America. Currently, Sarissa holds Uranium, copper, nickel and diamond properties in Northern Ontario.

About Sarissa Resources, Inc.:

Sarissa Resources, Inc., formerly Michigan Gold Mining Investments, Inc., is an exploration company involved in the acquisition and development of mineral assets in North America. Among the Company's assets are a one hundred percent title to a Platinum/Palladium prospect in the Shillington Township of Ontario known as the "Deadmoose Lake" property, and a seventy percent (70%) interest in the St. Nicholas property, a uranium and copper prospect in the uranium-rich Elliot Lake mining camp. The Mike White Group, who has performed geophysical consulting work for the Company, retains the remaining thirty percent interest of the St. Nicholas prospect.

This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.


Contact:
For further info call:
Lorne Dingle
905-509-5908

Visit the Sarissa website at http://www.sarissaresources.com

[Kuzami]

This one exploded on Friday...news came out about a new CEO taking over, who happens to be the son of a billionaire in the Canadian mining business, and they history/success of that family goes back three generations...

My sell trigger set for .0008 kicked in while I was at work, and if I hadn't set that, I would've been able to sell at .0014 when I got home...lol...oh well Riding free shares now and can't wait to see where this one goes...btw, dad is the billionaire and his Teck Cominco company is running at $47+ on NYSE...hope it runs in the family!

Sarissa Resources Inc. Is Pleased to Announce That Scott Keevil Will Join the Board and Become CEO
Friday November 9, 9:18 am ET


BAY CITY, MI--(MARKET WIRE)--Nov 9, 2007 -- Sarissa Resources, Inc. (Other OTC:SRSR.PK - News) is pleased to announce the appointment of Scott Keevil as the new CEO of the company commencing December 1, 2007. Ben Fuschino, the current Sarissa CEO, comments, "The board and I have brought Sarissa to a point where the company needs a seasoned professional who has experience in building and running exploration companies to exploit Sarissa's current mineral property portfolio, as well as to significantly expand on that existing portfolio. I will stay on as a director and Secretary Treasurer and help Scott in any way that he needs. I am extremely happy Scott has accepted the position."

Scott Keevil has been involved in the mineral exploration industry for 20 years. In his previous positions he has worked on the exploration side for the most part in Canada and Indonesia. He has developed relationships with mining investors in the USA, Europe, SE Asia and Canada. Scott will aggressively search for new exploration and mining opportunities for Sarissa.

Scott remarks, "I am really looking forward to financing and exploring the exploration opportunities presented in the current Sarissa portfolio. Ben and the board have amassed a good foundation to build upon; and I have some very specific ideas of what assets to add to the existing portfolio."

Sarissa Resources Inc. is a North American exploration junior with initial exploration properties in Northern Ontario, Canada. These properties include PGE, diamond and base metal exposure.

This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.



Contact:
Contact
Lorne Dingle
989-509-5908
or visit the Sarissa website at http://www.sarissaresources.com

[Rich1]

Still going strong. Very impressive!
With the new mining-elite CEO, things will certainly get better and better.
I'm in. :)

[Rich1]

I'm in shock. It hit .005!!!

[Aufan 1983]

I had a few dollars and bought at .0027 and 003. I knew nothing about them for me it was pure luck...lol

[Rich1]

What an amazing run! But now seems to be way overbought...?
How long can it keep going like this?
Or should we expect a pull back?

[Kuzami]

So yeah, up another 150% today...things are looking REAL GOOD...muhahaha!

[Kuzami]

What an amazing run! But now seems to be way overbought...?
How long can it keep going like this?
Or should we expect a pull back?

I'm expecting a pullback of sorts tomorrow, but I really think this has the kahunas to run through any pullback...it's definitely one to watch.

[Rich1]

Being so green feels great.. :)
But I guess it would be wise to take some profit.
We'll see what happens...

[Kuzami]

Being so green feels great.. :)
But I guess it would be wise to take some profit.
We'll see what happens...

I'm up 475% now and riding free shares...can't get too much better for me!

[Aufan 1983]

0049 appears to be the first wall. If it goes down watch out

[aoles]

hasent gone down yet, now at 0.006

[Aufan 1983]

hasent gone down yet, now at 0.006

01 looks very well within reach

EDIT: Very heavy selling @ 006...... so who knows

[aoles]

doesnt seem like this is going to pullback does it?

[Aufan 1983]

doesnt seem like this is going to pullback does it?

:confused: Dunno..... Bid support needs to increase. 005 looks fairly firm but there are still huge sells going through

[AUHardball]

I am not in this one, but i had it on my watch. PR this morning as follows:

Sarissa Resources Inc. Acquires Another Uranium/Copper Property in the Elliot Lake Camp in Northern Ontario

Sarissa Resources, Inc. (PINKSHEETS: SRSR) is pleased to announce that it has acquired a Uranium/Copper mineral property in the Elliot Lake Camp in Albanel Township, situated in Northern Ontario. This property represents approximately 480 acres of land. The property is along an identified trend. Ben Fuschino, CEO, comments, "This property seems to be the last available piece of mining land available in this established uranium/copper/gold trend, and we, at Sarissa, are very lucky to have acquired this piece of land. This will be my last acquisition before Scott Keevil takes over the CEO position on December 1."
Scott Keevil adds, "The price upswing in uranium over the past few years makes it much more exciting from an exploration viewpoint and this area looks to have some great potential for both uranium and copper. I'm looking forward to seeing how this property group can best be exploited for Sarissa's benefit. Overall, I think the current board has done a good job in acquiring this property as well as others properties in their current exploration portfolio."

[greg1100]

careful.... dont think it will hold this gain very long......

[greg1100]

looks like it giving back it gains....

[Dinamo]

SRSR is on fire again! What a great play this has proved to be. Once it will hit pennies, it may go nutso.

[Dinamo]

Well, it broke through the .01 and seems like it just can't be stopped. It is very overbought according to RSI, so it may correct itself before going much higher. New CEO takes over officially on December 1st, which falls on a Saturday, so by the following Monday, this may be at unbelievable levels.

[Dinamo]

Closed real strong at .012. Next week should be really interesting.

[Dinamo]

It is unbelievable how a stock that has become a 50 bagger in a very short time has not gained much attention here. There is another certain one that has been flatlined for a considerable amount of time and where people are posting oppinions like it is going out of style.

To each his own...

[Weirdharold]

WOW! a dream stock if there ever was one in the pinks... steady climb from 000s to 1 & a quarter cent in two weeks..... wish I had paid attention earlier... by all indicators I am not going to try to get in now... not with the RS"I and MFI in the territory they are at this time.... but this stock could continue to rise.... Congratulations to those who got in early... Hope you got in Big!

EDIT: If this was a big board stock I could say that a stock trending higher like this should continue to trend higher... I just may have to throw some money into this one...and see if that hold true..... will set an alert though to keep me informed of it turning down.....

[aoles]

anyone think this might be a good entry point or do you think its going to keep moving down a bit more?

[Rich1]

I guess this pull-back was to be expected...
I'm no expert, but looking at the chart, looks like it might go a little lower. If so, I'll be looking to add a few. And there's a gap at .005 that may or may not get filled.
We need one of our TA experts to chime in with their opinion.

[aoles]

i agree, the pullback was expected, i just dont know how much more it'll pull back before another move up. i'll be waiting a bit to see what happens before i jump into it though

[Kuzami]

I think most people are now waiting to see what Scott Keevil brings to the table once he takes over as CEO on 1 December. Until news is released about that (and hopefully really good news!), I'm guessing that the pps won't make any drastic changes in either direction. Time will tell!

[Rich1]

Got some .007s today! :D

[aoles]

aquisition of another property, and reducing the number of authorized shares

Sarissa Resources Inc. Is Pleased to Announce the Acquisition of 1,150 Acres in Timmins Township, Northern Ontario
11/27/2007

BAY CITY, MI, Nov 27, 2007 (MARKET WIRE via COMTEX News Network) --
Sarissa Resources Inc. (PINKSHEETS: SRSR) is pleased to announce that it has acquired 1,150 acres in Timmins Township situated in Northern Ontario. The "Timmins" property has historic zinc, copper and gold showings and will be geo-chemically tested throughout the entire property in late autumn or early spring weather depending.

Ben Fuschino, current CEO of SRSR, comments, "I thought I was done with my cycle of acquisitions but Sarissa had the opportunity and it needed to add this property to incorporate a fuller and more diversified metal mix. I am sure that the new SRSR management will exploit this property to the full extent of its potential."

The board of directors of SRSR has decided to reduce the number of authorized shares of Sarissa Resources Inc. to 850 (eight hundred and fifty million) million shares authorized from the current level of 950 (nine hundred and fifty million) million outstanding shares.

[Rich1]

Looks like Sarissa is beginning to move up again...
Closed today at .0085, up 41.67%

I think any news now would send it flying, but I would prefer a slow and steady climb without news. Those crazy runs make me nervous... :)

[Kuzami]

Looks like Sarissa is beginning to move up again...
Closed today at .0085, up 41.67%

I think any news now would send it flying, but I would prefer a slow and steady climb without news. Those crazy runs make me nervous... :)

Slow and steady wins the race! Not as much volume today and it closed @ .0085, not too bad. News will get it moving upward again, but I think it has to be news that hasn't already been speculated. Hopefully we'll get something substantial out before the end of the year. Everyone is still waiting actually hear what Scott Keevil is going to bring to the table and where he's going to take the company. I'm just sitting back and waiting until that day comes, then hopefully watch the fireworks:D

[Rich1]

It continues its upward move (slowly). Today it went to .015 and pulled back.
Now is around .0135 (up 28%).

There hasn't been any news recently, so it would seem that investors are very confident that the company has a good prospect.
I'd like to see .02 before year's end. :)

(actually I'd like to see .10, but I'll wait til next year. :D )

[Rich1]

It is unbelievable how a stock that has become a 50 bagger in a very short time has not gained much attention here. There is another certain one that has been flatlined for a considerable amount of time and where people are posting oppinions like it is going out of style.

To each his own...

I was just going to post this same sentiment, but I'll just say: ditto. :)

SRSR has held it gains nicely and, in my opinion, it's just in a holding pattern waiting for word from Scott Keevil. When the PR comes, I think this will really shoot up. I still see large trades going through at the ask. But I also see that the RSI is kind of up there, so it may need a little retrace to set it up nicely for the big move up. It may close unchanged or a little down today.

Holding and waiting.

[Rich1]

I picked SRSR for the stock picking contest. So far so good. :)
Trading for about .012 - .013

SRSR has held most of the huge gains achieved in the past month, and it looks like it wants to keep moving up. Slow, but steady. The chart looks very nice, and volume is also increasing.

Still no news from the company, but I would expect word from the new CEO Scott Keevil soon to update shareholders on the status and plans for Sarissa. What I'm hoping for is that Sarissa has bought the Niobium-rich property they hold the rights to broker. That would be a great asset.

I bought a little more yesterday, so now I just wait for news. :)
Go, SRSR!!! [^]

[Rich1]

SRSR still climbing...
Closed today @ .014 for a 7.69% gain. :)
And RSI in only around 65. Lots of room above! :D

Bring on the news!

[Rich1]

Here are the latest news:

Sarissa Resources CEO Issues Shareholder Letter
Thursday January 10, 1:07 pm ET
http://biz.yahoo.com/iw/080110/0347117.html

Sarissa Resources Acquires Niobium Carbonatite Bearing Property in Northern Ontario, Canada
Thursday January 17, 10:08 am ET
http://biz.yahoo.com/iw/080117/0349729.html

I expect 2008 to be a very good year for Sarissa. :)

[greencat]

Keep an eye on this one may be getting ready to make another move..

[greencat]

Setting up still on my watchlist. My alerts are set..

[Leon81]

Setting up still on my watchlist. My alerts are set..

Got your alert, gonna keep my eyes on this..:biggrin:

[Leon81]

Make a good move as you predicted, good one, Greencat!!:biggrin:

[Kuzami]

Looks like things are finally heating up again, probably in anticipation of the Hawk report results (hopefully out before the end of April). If we can break above .015 this time, blue skies ahead? Volume has been decent, but would be nice to see the levels we had back in November when the CEO announcement came out. Maybe if they release the report and it's favorable we'll get that kind of action... Until then, it just keeps getting tighter and tighter with lots of accumulation. Let's see how the rest of the week pans out!

[Kuzami]

BOOM! Almost doubled now since Thursday's close with a 40% gain today:biggrin: Took awhile to punch through resistance but made it through and closed at a new 52w high of .019! How high will it go before it needs to come back down for a breather to consolidate some more?

Too bad the rest of my portfolio is getting kicked in the teeth, otherwise I'd be looking pretty good today! LOL

[greencat]

Awesome. I hope you joined me in this play and are making some green...

[Kuzami]

I've been holding free shares since the first big explosion back in November and have been patiently waiting for this one to start making the bigger moves:) I figure this stock's got some huge potential down the road, I can wait it out...and the free shares make it much easier to do! We'll see how things go.

[aoles]

Nice play guys, congrats :) its looking really nice and hopefully it'll continue to move up.
Kuzami - nice call taking your inital invesment out after the first big run and ride the free shares, im glad the wait paid off for you

[greencat]

I've been holding free shares since the first big explosion back in November and have been patiently waiting for this one to start making the bigger moves:) I figure this stock's got some huge potential down the road, I can wait it out...and the free shares make it much easier to do! We'll see how things go.

I agree real smart play on your behalf. Really impressive. I hope that more members pay attention to you last statement, ".and the free shares make it much easier to do! We'll see how things go"

I went freehare status Friday- Had the nice ride and I am simply going to protect my profits.

Way to go kuzami..

[Kuzami]

I agree real smart play on your behalf. Really impressive. I hope that more members pay attention to you last statement, ".and the free shares make it much easier to do! We'll see how things go"

I went freehare status Friday- Had the nice ride and I am simply going to protect my profits.

Way to go kuzami..

Way to go yourself! I'm really starting to like this stock and I think long term it's going to have some very nice results. Patience will pay off IMO ^5

[Kuzami]

SRSR continues to defy gravity. Another strong day with a continuing string of higher highs and higher lows, and capping off the day with a close of .031 8-| The big run in November lasted about 3 weeks, and this one looks to be a stronger one making smaller, steady gains instead of huge jumps (healthy!). We're 10 days or so into this run and I'm just not seeing the momentum die down yet...crazy! I figure it's gotta pull back and breathe some eventually, but no telling at what point that may be. Hanging on for a wild ride!

[Kuzami]

Had a decent finish to the week, closing at .029. Things cooled off starting on Wednesday with lower volumes and pps dipping a bit, and it looks like some decent consolidation is in the works before the next leg up. Kinda hoping it churns here at these levels until the Hawk report results come out, then let this baby go for another ride! RSI is still showing as overbought, so I'm guessing that we might see it stick to around .03 until that drops back down some. If I'm reading the chart right, it's looking like support is building up at .026 and if it dares drop so low, .023... and we're gonna have resistance at probably .031 first, maybe .032. If it breaks above .034, then we're looking at blue sky again, IMO :biggrin:

Any other long term holds here (besides Greencat if he's still holding?!?). Not sure how easy this is to flip, unless you catch it between runs:)

[greencat]

Hit .033 and pulled back. I sold a little early at .026.

Looking at this chart now I want it to start making a move and challenge those old highs. It may go sideways a little.Support at .02 and .015.

[Kuzami]

I'm guessing that it'll keep moving sideways (.025 looking to be pretty good for support?) until the Hawk Exploration Consulting assessment of the Nemegosenda property comes out, which may be as early as next week sometime, weather depending. With any luck, they validate findings from 1987, plus a whole lot more:)

From their website... http://www.sarissaresources.com/pages/projects/nemegosenda.php

Exploration Progress

In February 2008, Sarissa engaged the services of Hawk Exploration Consultants, an independent and highly-regarded Toronto-based geological consulting firm to conduct a preliminary assessment report on the property. With existing, historical property data indicating approximately 20 million tons of 0.47% Nb2O5 (non-NI 43-101-compliant: Ontario Geological Survey study 34 by R.P Sage, published in 1987), the purpose of the preliminary assessment report is to evaluate the historical exploration work on the property conducted by Gulf Minerals Canada Limited and include an initial review of the original drill logs. Additionally, they will also look at the potential for additional mineral values, such as uranium, tantalum and Rare Earth Metals which are often associated with carbonatite deposits. The independent consultants will then make recommendations for future exploration assessment work that may be required in order to allow the company to have an NI 43-101 compliant resource estimate prepared. An initial assessment is expected to be completed in the coming weeks.

[greencat]

Hit .033 and pulled back. I sold a little early at .026.

Looking at this chart now I want it to start making a move and challenge those old highs. It may go sideways a little.Support at .02 and .015.

Today SRSR moved right back up and is challenging the old highs. It now looks real good for a breakout above the old high. I took a small position today hoping we take out the resistance tomorrow at .0325.

This is why I put it on my watchlist because it was right in that area I like them to hold.

[Kuzami]

I was wanting to add some shares to my postion today, but was on the road all day and didn't get a chance to before the market closed :( Will see if I can catch it on a dip tomorrow!

[missionsman1]

Is this correct? On big chartsmarketwatch, it shows that this was at one time at least a 9,000.00 per share stock!

That must have been some other companies symbol years back. Is there a place you can go to see who had these ticker symbols before?

[Kuzami]

Symbol prior to SRSR was MGGV (Michigan Gold Mining Investments, Inc.). Before that, it was named Ecological Recycling Co.

http://findarticles.com/p/articles/mi_pwwi/is_200605/ai_n16363229

Couldn't find a PR where they changed from MGGV to SRSR...

[greencat]

Broke out.. Nice

[Kuzami]

Broke out.. Nice

Outstanding day:) I finally went and picked up some more today to give me a bit extra to play with.

[Kuzami]

Big gap up this morning to almost .09, followed by lots of profit taking it looks like. It appears that things have stabilized and we're gonna have another nice climb today:biggrin:

[greencat]

I am all out..

[Kuzami]

Staying in for the long haul :biggrin: Will look at taking some more profits down the road with the shares I picked up yesterday (they're already at 50% gain!), but hanging onto my freebies to see how this plays out. Had a good finish today, up another 28% from yesterday. Will see if the Hawk report breaks or adds to the momentum that's been building this week...

[greencat]

I am feeling pretty good about getting out of this stock unlike SKNY.
I posted on another thread my rules for a gap play.

On a gap the very first buy/sell I look at the level 2. It must hold that bid and not at any time go lower or I am out. It is not fool proof but saves me more times than not.

It should also be noted that if I hadn't sold this stock I would still be green on it. Its going to bouce soon and I doubt it will take out the former high. I would definetly be a seller.

I am not going to play the bounce...

[Rich1]

I hadn't been around these forums in quite a while. I'm glad to see that Kuzami is still around. I too have been holding most of my shares (sold about 1/4 of my position to take profits).
We've seem some very nice gains here, haven't we? :) And I believe we'll see more.

However, that huge gap-up and spike was, IMO, totally unwarranted at this time - MMs manipulation, I'd guess. I hate it when they do that - makes the stock chart look like a pump & dump. :-||

So, after that large spike last week, I think SRSR will quickly drop to around .035 (maybe even lower, to fill that gap at .03). I look at the chart and I see all those gaps left in the last couple of weeks. I don't like to see that - from what I've experienced, gaps are a warning that the stock might go back down to fill the gaps.

Anyway, I'm in for the long haul and also on free shares, so I'll have to bear the MM games. And if it does go under .03, I'll consider adding to my position, depending on what we hear from the company.
SRSR will rise (or not) on its own merit. We'll see...


P.S. Whaterever happened to Dinamo?

[Kuzami]

Welcome back Zoom:)

Not sure what to make of all the action at the opening on Wednesday, but it was sure fun to watch 8-| Perhaps there was a big buyer with a market order to fill? Needless to say, folks took profits and it had to come back down. RSI is back below 70 now, so hopefully it'll just consolidate some more until the next run is triggered... No guarantees, but the fundamentals here are rather sweet and I have high hopes for the future.

[aoles]

After that pull back it popped up today finishing up 48%. Looking pretty good right now and looks like it could take out the previous high.

[Kuzami]

Yep, was a good EOD run. Looking for a strong Friday to keep up the momentum :dance:

[greencat]

Sharpen your knifes because if it doesn't hold here this baby is done. And I am probably being nice becuase it looks like is done now...

[Rich1]

Whaaaat?
GC: What makes you say that?

[greencat]

Chart. It looks like its going to give up the 10MA today stiff resistance at 07.Long red candles on the pullbacks. Support at 05 and 03.

[Kuzami]

Kinda hoping it does pull back more by Friday, as I'll have some funds settled by then...:) It's not doing anything different than it has each leg that it's gone up.

[Rich1]

Thanks, GC. Let's see what happens.

I'm with you Kuzami. I'd love the chance to get some in the low .03s :)
But time is getting short...

[Kuzami]

Press Release Source: Sarissa Resources, Inc.


Sarissa Announces Release of Independent Report on Nemegosenda Property
Tuesday May 20, 9:00 am ET


BAY CITY, MI--(MARKET WIRE)--May 20, 2008 -- Sarissa Resources, Inc. (Other OTC:SRSR.PK - News) announced today that the Company has received the results of an independent geological report on the Nemegosenda property, "Preliminary Analysis and Recommendations for National Instrument 43-101 Compliant Reserve Estimate." The report was commissioned to evaluate the past work done on the property and to recommend a work program to bring the reported reserve estimates up to 43-101 standards.

The Nemegosenda property hosts a historically reported deposit containing 20,000,000 tons of 0.47% Nb2O5 material. The deposit was initially identified through extensive diamond drilling, and a 580-foot adit driven into the ore-body to obtain a bulk sample for metallurgical extraction tests. This report was commissioned to complete an independent review of the historical work done on the property and to assess the compliance with NI 43-101 of Dominion Gulf's historical reserve estimates.

The report concludes that the Nemegosenda property is a property of merit and a work program has been recommended, including diamond drilling, to obtain a 43-101 compliant reserve estimate on the main ore-body in Zone D. A further program is recommended to conduct follow-up exploration in Zones A, B, E, F and G south east of the main deposit to develop reserve estimates on known niobium occurrences in these areas. Additional exploration work will also include analyses for tantalum, rare earth elements ("REE"), and uranium.

The full report may be accessed on the Sarissa website. Excerpted highlights include:

"Of particular note, four core samples from Zone D, the Breccia Complex and Zone G were elevated (up to 0.5%) in rare earth's lanthanum (La), neodymium (Nd), and cerium (Ce). Analyses for uranium and tantalum were not performed in the OGS [Ontario Geological Survey] study."

"The author obtained a copy of the Ontario Department of Mines and Northern Development Mineral Resources Circular 14 entitled "Columbium (Niobium) Deposits in Ontario" by Stewart Ferguson, 1971. The circular reported that approximately 1,000 tons of mineralized material was mined from the D Zone, of which 40 tons were shipped for metallurgical pilot plant testing. The results of the test yielded 90% recovery of niobium."

"The historical work done to date is detailed and of high quality. The mode of emplacement is well understood and the potentially economic D Zone has been well outlined. The detailed work of the OGS in the 1970's and 80's has largely confirmed the interpretations and the historical exploration work of Parsons and the Dominion Gulf Company."

"The D Zone historical reserve estimate of 20,000,000 tonnes grading 0.47% Nb2O5 is within the range currently considered economic in carbonatite-alkalic rock complex literature for commercial production. Tantalum and REE are commonly associated with these niobium occurrences. Therefore the economic potential of the Nemegosenda complex could be substantially greater than what has historically been inferred by the presence of tantalum, REE, and uranium. Also, the East Zone area has good potential to substantially increase the overall reserves of the Sarissa property as described earlier."

Sarissa president, Scott Keevil, commented, "We're obviously extremely pleased with the results. While we knew what we had, it's always nice to get outside, independent verification." The company will be starting a drilling program as soon as feasible, and Mr. Keevil continued, "This will be a very exciting time for us; drilling in the East Zones for lateral and vertical extensions of existing mineralization could add significantly to the property value. Meanwhile, with all the past work and analyses done on the D Zone by Gulf and the OGS, re-drilling that will be a little like shooting fish in a barrel."

Dr. Cam Cheriton (PhD in Economic Geology), a director of Sarissa, 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.

The complete report can be accessed directly at http://www.sarissaresources.com/media/hawkins_report.pdf

About Sarissa Resources

Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, uranium and niobium prospects in Northern Ontario, Canada.

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 members of its 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 undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.



Contact:
FOR FURTHER INFORMATION contact:
http://www.sarissaresources.com

Brass Bulls Investor Relations
Matthew Lovito
866-342-2700
http://www.brassbulls.com



--------------------------------------------------------------------------------
Source: Sarissa Resources, Inc.

[Kuzami]

News from yesterday...


Sarissa Resources Appoints Mining Industry Veteran to Board of Directors
Tuesday June 3, 9:00 am ET


BAY CITY, MI--(MARKET WIRE)--Jun 3, 2008 -- Sarissa Resources, Inc. (Other OTC:SRSR.PK - News) announced today that the Company has appointed seasoned mining industry veteran and project geologist, Alan A. Hawke B.Sc. M.Sc to its Board of Directors. Mr. Hawke, currently based in Tianjin, China, will offer his considerable experience to assist Sarissa in the ongoing exploration program of its Nemegosenda carbonatite deposit and extensive industry connections to source new and compelling exploration properties for the Company's property portfolio.

In a distinguished mining and exploration career that has spanned 30 years and three continents, Mr. Hawke has operated in key managerial roles -- encompassing mine development and construction management -- with prominent mining companies including eight years in Indonesia with PT Kelian Equatorial Mining. While at Kelian as project geologist, Mr. Hawke was responsible for all exploration activities, definition drill-out and resource studies that identified the Kelian Gold Mine.

Sarissa Resources CEO, Scott Keevil, stated, "I am thrilled to be working with Alan again, and want to warmly welcome him on board. He is the consummate exploration and mining professional possessing a stellar reputation among the industry's elite. His operational know-how and deep-rooted business connections will help create enormous value for Sarissa shareholders."

Ben Fuschino, who had served as Sarissa's president before Mr. Keevil, has resigned from the Board to concentrate on his other business ventures.

About Sarissa Resources

Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, uranium and niobium prospects in Northern Ontario, Canada.

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 members of its 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 undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.



Contact:
FOR FURTHER INFORMATION contact:
Sarissa Resources - Vision & Strategy (http://www.sarissaresources.com)

Brass Bulls Investor Relations
Matthew Lovito
866-342-2700
Brass Bulls (http://www.brassbulls.com)

[Kuzami]

Shareholder update today!

Sarissa Resources CEO Issues Shareholder Update
Thursday June 5, 9:27 am ET


BAY CITY, MI--(MARKET WIRE)--Jun 5, 2008 -- Sarissa Resources, Inc.'s (Other OTC:SRSR.PK - News) CEO, Scott Keevil, issued a letter to shareholders today providing a general corporate update and outlining recent developments and key ongoing initiatives. The letter reads as follows:

Dear fellow Sarissa Resources shareholders,

Since taking on the leadership role with Sarissa just 6 months ago, I have had the opportunity to direct and oversee the acquisition of an outstanding mineral property for our company, the Nemegosenda carbonatite property, and to begin to formulate the strategy for an exploration and confirmation program. We have made phenomenal progress in this short time, effectively graduating from a very junior exploration company with exciting yet undeveloped potential, to a company with ownership of a world-class asset, one with a historic reserve base reported at 20 million tons of 0.47% Nb2O5 material, as outlined initially by Dominion Gulf Company.

Moving forward, the immediate goal for Sarissa will be to confirm and rapidly increase the size of the historic 20 million ton resource base at Nemegosenda. While we have no control over world markets or the value of resources, we do have control over the definition of those resources. To that end, a significantly larger resource base will be aggressively pursued through confirmation of the main ore zone; explorations for extensions of the main ore zone; more detailed analysis for possible additional values in uranium, tantalum and rare earth elements; exploration on the East Zones to further define the known niobium occurrences there; as well as exploration on some of the under-explored areas of our property. Fortunately, we happen to be living in a day and age when we are able to apply modern exploration and analysis techniques to the property that may not have been available to the geologists working for Gulf Minerals approximately 50 years ago when Nemegosenda was first explored.

Leading the charge on this front, we have been fortunate to attract some top-notch geological talent to the Board of Directors to assist us in analyzing the historic data, and in planning and implementing ongoing exploration activities: Dr. Cam Cheriton, a Harvard University educated Economic Geologist with a vast knowledge of the geology of Northern Ontario; and Alan Hawke, a seasoned exploration geologist with outstanding credentials both in mineral exploration and in mine building.

In March we began the process of independently assessing the historic geological work done on the property and developing an exploration plan to bring the deposit into NI 43-101 compliance. The results of that independent assessment confirmed that, "based on a comparison of the Dominion Gulf and OGS [Ontario Geological Survey] historical work done to date... is detailed and of high quality." Further, "The detailed work of the OGS in the 1970s and 80s has largely confirmed the interpretations and the historical exploration work of Parsons and the Dominion Gulf Company."

Alan Hawke has begun the process of having the extensive database of geological information that we have digitized, including the data from the drill logs of more than 60 holes comprising some 35,000 feet of drilling. This will allow us to generate a fairly complete 3-dimensional model of the main ore zone, allowing us to very specifically target the drilling we need in order both to confirm and to expand on this zone. Once the data is in electronic form we will have a geological consulting firm translate it into a 3-dimensional model. The combination of all this data into one easily-managed model should greatly assist us in our ongoing exploration and development of Nemegosenda, both in targeting and in economizing our overall exploration expenditures.

In recent days and weeks, the Company has had a crew working at the site on road rehabilitation. The crew has completed a 600 meter drill path from one of the ancillary lumber roads into the Main D Zone and work is continuing on the existing network of lumber roads to upgrade them to allow heavy equipment to be delivered to the site. Additionally, Sarissa has received verbal information from a local source that entered and followed the 580-foot adit in August of 2007 to the end and has reported that it is dry and in good shape for rehabilitation, an assessment that Sarissa will next endeavour to confirm.

With respect to the Company's financial footing, we have recently retained the services of an auditing firm to audit the consolidated financial statements of Sarissa Resources in accordance with Generally Accepted Accounting Principals (GAAP) and to provide the Company's Board of Directors with an opinion on them in accordance with the standards of the Public Company Accounting Oversight Board (United States), and we are currently in the midst of that process. This will be another step in our progress toward improving the company's corporate and listing structure.

As far as financing the Company's growth is concerned, the Company's management team is committed to accessing capital in a responsible manner having recently completed a few small private placements of restricted shares to raise the necessary funds to complete these early stages of our evolution. Furthermore, we are committed to continue to balance our capital requirements with our desire to maintain a reasonable share structure through judicious placement activities. All told, after accounting for recent private placements and share issuances in which 14,250,000 Sarissa Resources shares were allocated, the Company's fully diluted capital structure is comprised of 740,116,058 common shares outstanding, of which 264,030,000 are restricted.

In summation, the vast scale of this exciting exploration target requires a professional approach to determine the ultimate extent of the deposits, and both I and the rest of the management team are motivated by the potential of this project and look forward to reporting new results and developments as they occur. We are excited about the potential that lies ahead and thank you for your patience, loyalty and your continued support as we move forward. We can only hope that the next 6 months will be as exciting and productive as the first 6 have been and we will continue to communicate regularly on our progress as we strive to reach our goals.

About Sarissa Resources

Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, uranium and niobium prospects in Northern Ontario, Canada.

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 members of its 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 undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.



Contact:
FOR FURTHER INFORMATION contact:
Sarissa Resources - Vision & Strategy (http://www.sarissaresources.com)

Brass Bulls Investor Relations
Matthew Lovito
866-342-2700
Brass Bulls (http://www.brassbulls.com)

[greencat]

SRSR may make a cup pattern. I need to update myself on this stock and see what up...

[Kuzami]

Drilling underway to prove up their resources in the Nemegosenda property. They've got a blog set up to keep shareholders up to date on their progress. Hoping to see assay results in January, perhaps earlier if they've already got samples sent off for analysis.

The Nemegosenda Project (http://nemegosenda.sarissaresources.com/)

[Kuzami]

Finally busted through resistance on heavy volume (over 5mil) yesterday and closed up 50% at .024 :) Friday could be an interesting day...

[Rich1]

Thanks, Kuzami, for keeping us updated on Sarissa.
Can't wait for the lab results.
I have feeling that 2009 will be a great year for SRSR shareholders.

[Kuzami]

My pleasure:) This board got me into the stock back in July '07 (bought in at .0004) and I've been with it ever since...heh It was merely a lotto play back then, but with Mr. Keevil taking over, it's become a whole new monster. I believe we are still a ways off from anything huge, but the progress made so far has been excellent and I too believe that 2009 will be a great year:) This and TDCP are my only "long term" investments and I'm pretty confident that both will pay off down the road...however long that road may be...hehe

[greencat]

SRSR may make a cup pattern. I need to update myself on this stock and see what up...


My pleasure This board got me into the stock back in July '07 (bought in at .0004) and I've been with it ever since...heh It was merely a lotto play back then, but with Mr. Keevil taking over, it's become a whole new monster. I believe we are still a ways off from anything huge, but the progress made so far has been excellent and I too believe that 2009 will be a great year This and TDCP are my only "long term" investments and I'm pretty confident that both will pay off down the road...however long that road may be...hehe

I too thank you for your updates Kuzami.

[LearningToFly]

Have you guys seen the chart on this one lately? It's a thing of beauty. Up another 8% today, and has been holding all it gains and steadily moving up. I got in a little late on it, but loaded up at $0.022.

[LearningToFly]

And here's an update on things:

TECHNICAL STOCK REVIEW (http://techstockreview.blogspot.com/)

[LearningToFly]

I'm loving this chart:

http://stockcharts.com/c-sc/sc?s=SRSR&p=DAILY&b=5&g=0&i=0&r=9463

[Rich1]

Yes, SRSR is indeed a great stock to own.
It has had its ups and downs, but I can't complain. Will be holding this for a long time to come.
Wish I had more shares...

[Kuzami]

Drill results for their first hole released today. This is only the first hole, but it's showing a higher grade of niobium than the Dominion Gulf report from the 50s, up to .53% from the initially reported .47%. Hopefully we get similar results from the rest of the holes:)


Sarissa Resources, Inc. Announces Nemegosenda Project Drill Results
Tuesday January 13, 2009, 10:13 am EST
Yahoo! Buzz Print Related:Sarissa Resources, Inc.
BAY CITY, MI--(MARKET WIRE)--Jan 13, 2009 -- Sarissa Resources, Inc. ("Sarissa" or the "Company") (Other OTC:SRSR.PK - News) has received the assay results from hole DDH-08-69, the first hole of the current diamond drilling program in the main D Zone on the Lake Nemegosenda Carbonatite property near Chapleau in Northern Ontario. The program is aimed at confirming and increasing geological confidence in the historically reported resources on this property. 68 holes had previously been drilled on the property by Dominion Gulf Company ("Gulf") which outlined 2 main areas of mineralization, the D Zone, and the East Zones*.

Sarissa director and senior geologist, Alan Hawke, who is now on site, commented, "These first results match our expectations based on Gulf's original data. This represents a dramatic step forward in our confirmation of the historic resource."

The assay results included a continuous 145.5 metres with an average grade of 0.53% Nb2O5, from 23 metres to 168.5 metres, vertical depth. The full results are listed below.

(left drill results out for brevity, they can be found at Sarissa Resources, Inc. Announces Nemegosenda Project Drill Results - Yahoo! Finance (http://finance.yahoo.com/news/Sarissa-Resources-Inc-iw-14046990.html))

The drilling program has now recommenced after a Christmas and New Year's break.

Sarissa looks forward to keeping our shareholders informed in the coming weeks through continued updates.

* These reported resources are historical in nature and, therefore, not compliant with National Instrument 43-101 reporting standards; however they are considered material to the prospectivity of the Nemegosenda Project. A "qualified person," as defined under NI-43-101, has not done sufficient work to comment on the relevance or reliability of these historical estimates. The company is not treating the historical estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Sarissa currently does not have access to more recent estimates or data relating to the Lake Nemegosenda property, except as outlined in this and previous news releases.

Alan Hawke, BSc. MSc. (Geology) MAusIMM a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed the technical information contained in this news release.

About Sarissa Resources

Sarissa Resources is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.

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 members of its 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 undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:
FOR FURTHER INFORMATION contact:
Sarissa Resources - Vision & Strategy (http://www.sarissaresources.com)
and The Nemegosenda Project (http://nemegosenda.sarissaresources.com/)
Investor Relations:
Merle Goertz
604-688-2349

[greencat]

SRSR hitting heavy support. Its going to have to hold here if its going to make a major move.

[greencat]

Held support and looks like its getting ready to make a move. It could still make a cup pattern.

[Kuzami]

I think that confirmation of their attendace to PDAC 2009 (Prospectors & Developers Association of Canada) fueled some of the buying on Friday. They're listed as having a spot in the "Core Shack", session A.

PDAC International Trade Show & Investors Exchange • Core Shack (http://www.pdac.ca/pdac/conv/2009/exhibitors-core-shack.html#Session_A)

PDAC 2009 Brochure:

http://www.pdac.ca/pdac/conv/2009/pdf/2009-pdac-2nd-circular.pdf

With any luck, this will bring some good exposure to the company and their Nemegosenda property prospects. C'mon NI 43-101 compliance!

[Kuzami]

News out today with more assay results, which continue to be better than expected. Looking good so far:)

Sarissa Resources Inc. Announces Further Assay Results From Deeper Sections on Nemegosenda Property
Feb 17, 2009 9:15:00 AM

BAY CITY, MI -- (MARKET WIRE) -- 02/17/09 -- Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) released today partial assay results from Diamond Drill Holes 09-70 and 73. These holes are part of the current 9 hole program designed to test the D Zone of the Company's Nemegosenda niobium property in northern Ontario. Holes 09-70 and 73 were drilled deeper in order to test for possible depth extensions, and both encountered significant grades of Nb2O5 material below the previously identified cut-off of the mineralized zone. The Company considered it prudent to prioritize the assays from this deeper section of these holes in order to more accurately plan the remaining drilling.

The results below the 200 metre levels returned a 4.5 metre section in DDH 09-73 of 1.8% Nb2O5, from 229.30 to 233.80, including:

Metres From To Nb2O5%
1.5 229.30 230.80 2.5
1.5 230.80 232.30 1.7
1.5 232.30 233.80 1.4

Results from DDH 09-70 below the 200 metre level returned values of 0.42% Nb2O5 over 43.5 metres from 201.5 metres to 245 metres, including: 0.36% Nb2O5 over 18 metres from 201.5 metres to 219.5 metres; and 25.5 metres of 0.46% Nb2O5 from 219.5 metres to 245 metres.

The results from these holes indicate the presence of further significant mineralization at depths below what had previously been reported in historic drilling results, confirming Sarissa's theory that the deposit remains open to depth.

The Company is awaiting the remaining assay results from these holes. Full results from DDH 09-70 and DDH 09-71 should be available for release shortly.

In addition, Sarissa is honored to be exhibiting at one of the world's largest and most renowned mining events, the PDAC 2009, an international convention, trade show and investor's exchange which is hosted by the Prospectors & Developers Association of Canada, held at the Metro Toronto Convention Centre. In fact, Sarissa will be exhibiting at 2 locations during the convention. As well as being in the Investors' Exchange (booth 2400), we will also be exhibiting in the "Core Shack" (booth 5017.) The PDAC Core Shack display area will allow drill core from 60 deposits around the globe to be available for inspection along with maps, charts and technical information. Sarissa will be exhibiting on March 1st and 2nd.

Sarissa Resources CEO, Scott Keevil, commented, "It's gratifying to see the drilling results confirming, and improving on, what had been historically reported. I'm also very happy that we have been selected to display our drill core and geological information at the Core Shack area of the PDAC, and look forward to meeting some more of our shareholders there."

The company looks forward to keeping our shareholders informed in the coming weeks through continued updates, as further results are obtained and analyzed.

Alan Hawke, BSc. MSc. (Geology), a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has reviewed the technical information contained in this news release.

About Sarissa Resources

Sarissa Resources is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.

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 members of its 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 undertakes no 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:
Sarissa Resources - Vision & Strategy (http://www.sarissaresources.com)
The Nemegosenda Project (http://nemegosenda.sarissaresources.com/)
Investor Relations:
Merle Goertz
604-688-2349

[Kuzami]

SRSR finally got some action last week and broke out of the .017-.024 or so channel it had been trading in for the last few months. Heavy volume on Friday (not seen since its last big run at the end of December) kicked the stock into high gear and it closed at .036...

Some of the possible reasons for this action?

1) National Instrument 43-101 report for Zone D of the Nemegosenda property is close to completion and due to be published soon.

2) Profit takers on CVRG reinvesting in SRSR (CVRG is partnering with SRSR to develop the O'Conner Asquith property; see Converge Global Inc Announces Gold Property Joint Venture With Sarissa Resources Inc - Yahoo! Finance (http://finance.yahoo.com/news/Converge-Global-Inc-Announces-iw-14724973.html) for more info). CVRG had a huge run this past week, from .017 or so to a close of .35 on Friday. Now I want to see SRSR do that, only a bit more gradually...hehe

3) Somebody just really wanted some shares? :biggrin:

Whatever the reason, it looks like we're in for some excitement soon and will hopefully break through the resistance at .04 with a vengeance. I took the opportunity to attend the PDAC in Toronto and was able to talk to Scott Keevil and Alan Hawke. I walked away really impressed with what they have at Nemegosenda and what's in store for the future. Zone D is huge, but the southeast zone is much, much bigger. The NI 43-101 should be a very interesting read once it gets published, and hopefully this will bring in the big players so we can get this party started!

Latest news with a summary of their drill program to date:

http://finance.yahoo.com/news/Summary-of-Sarissa-Resources-iw-14997104.html

[Theboundbook]

I bought 7500 shares at .048... Hoping to dump it around .06-.08 asap....

[Kuzami]

16.5M volume traded today...haven't seen that much since the first news of Keevil taking over as CEO back in Nov '07. The sell off on CVRG started today, and I'm guessing some of the profits attributed a bit to SRSR's volume. Resistance at .04 was broken early on and seems to be holding up as a new support now, although .05 wasn't doing too shabby either. How long can she hold? Anxiously awaiting to see how this goes once the NI report is released. Pressure's building!

[Kuzami]

I bought 7500 shares at .048... Hoping to dump it around .06-.08 asap....

Looks like you'll have to wait a bit :biggrin: Seems it wants to settle down and consolidate some more (hopefully!).

[Rich1]

I took the opportunity to attend the PDAC in Toronto and was able to talk to Scott Keevil and Alan Hawke. I walked away really impressed with what they have at Nemegosenda and what's in store for the future. Zone D is huge, but the southeast zone is much, much bigger. The NI 43-101 should be a very interesting read once it gets published, and hopefully this will bring in the big players so we can get this party started!


Way to go, Kuzami! I didn't know that you were going to the PDAC. You spoke with a Keevil! *Our* Keevil. :) I've never spoken with him, which is probably a good thing because I'd probably make a fool of myself. :lol:

From the updates we've been receiving for the past few months, I'm confident that the NI43-101 will make us very happy. I can hardly wait.

Anyway, thank you so much for posting your impressions.

[Kuzami]

Thanks Zoom :)

Yeah, I've got an online friend that lives in Toronto and he was nice enough to put me up for a few days while I checked out the conference.

It was pretty cool to meet and talk to Scott and Alan, and they seemed pretty excited to show off "the goods". It's the first time I've met anyone from a company I was invested in, so the whole experience itself was kinda neat.

If you haven't seen it yet, they posted a new picture on the Nemegosenda blog today, of Alan and the independent geologists working on the NI...

The Nemegosenda Project (http://nemegosenda.sarissaresources.com/)

The guy on the right is Alan Hawke, and they're looking at a diagram of the adit that was dug by Dominion Gulf back in the 50s. Can't really say if this is at the beginning or the end of their work on the NI report, but at least they're working on it! If my memory serves me correctly, I think that the diagram is the same one they had up at their "core shack" booth at the PDAC. Wish I had taken some pictures...lol Everything to the right of the big dotted line was the data that Dominion Gulf collected, to the left is what they've documented since Keevil took over, which should add to the value of the original findings.

All in all, exciting times lie ahead me thinks. Decent close today and hopefully we'll stay in the .04-.05 channel until something else decides to push us higher. There seems to be pretty good support at .04 so far.

[Rich1]

I'm looking forward to the exciting times. :)
But I just looked at the chart, and looks like the indicators are headed down, AND there's that gap under .04, so unless we get NI43-101 soon, we might be looking at a pps under .035 again next week. Hope I'm wrong.

[Kuzami]

Hope so too, but I think you're right... Down slightly again today with .04 tested all day. In the long run I don't think it'll matter, but I'm sure some folks will get worried :p

[Kuzami]

Well SRSR had a pretty good week, with a nice close @ .076 on Friday, up bigly from last Friday's close of .051:) Momentum keeps building as we await the NI 43-101 release... I suspect another pullback (hopefully no further than .065), possibly on Monday, as it seems there's a fair amount of profit taking after a couple nice days of running. No biggie, as it seems to keep pushing up after a bit of settling.

Recent news out last Friday/Monday probably fueled this last run Sarissa Resources, Inc. Shining Tree Property Results - Yahoo! Finance (http://finance.yahoo.com/news/Sarissa-Resources-Inc-Shining-iw-1261009822.html?x=0&.v=2). The biggest thing I take from it, is that they've engaged new auditors (Edmund Cachia & Co.) and have switched the transfer agent to Capital Transfer Agency, Inc. I've only poked around a little bit so far, and from what I can tell, Edmund Cachia & Co. (located in Toronto, Canada) has some pretty good experience with Canadian mining companies who trade on the TSX. The new TA is also located in Toronto and handles companies trading on the TSX. IMO, that's a pretty good indication that they're setting up to uplist:) In my chat with Scott Keevil at the PDAC, I specifically asked about their plans for uplisting and what kind of timeframe we were looking at. I was told that currently (this being the beginning of March), they were mainly focused on drilling and proving up Nemegosenda, and that uplisting wasn't on the board yet as all the money was going towards the drilling, etc., and that they might be able to come summertime. Well, summertime is here and it looks like they are lining up their ducks:biggrin: I think we're in for an exciting summer!

[Kuzami]

I'm looking forward to the exciting times. :)
But I just looked at the chart, and looks like the indicators are headed down, AND there's that gap under .04, so unless we get NI43-101 soon, we might be looking at a pps under .035 again next week. Hope I'm wrong.

Still hanging in there? :dance:

[Rich1]

Still hanging in there? :dance:

Of course!
I'm not going anywhere until I see $X.00

SRSR has been my dream stock. I kick myself sometimes for not investing more back in 2007 and mid 2008.

Oh, and I was right about the pps. I think I'm getting the hang of this TA stuff. :biggrin:
Let's continue the climb!
:dance:

[Kuzami]

Of course!
I'm not going anywhere until I see $X.00

SRSR has been my dream stock. I kick myself sometimes for not investing more back in 2007 and mid 2008.

Oh, and I was right about the pps. I think I'm getting the hang of this TA stuff. :biggrin:
Let's continue the climb!
:dance:

Yeppers :biggrin:

Had a nice pullback yesterday and then gained it all right back to close green. Love how strong that looks! Not sure as we'll see more pullback today, as there looked to be alot of profit taking yesterday. Guess we'll find out real soon...

[Kuzami]

News out today...

Sarissa Resources Inc. Summer Exploration Commencement - Yahoo! Finance (http://finance.yahoo.com/news/Sarissa-Resources-Inc-Summer-iw-493034907.html?x=0&.v=1)

Highlights:

- 2nd phase exploration started on Nemegosenda (expanding on zone D)
- Planning to commence drilling of the southeast zone
- Retained SGS Lakefield Research Ltd to conduct Proof of Concept program (what's the best way to recover the niobium?)
- Further exploration of the Shining Tree gold property
- NI 43-101 in final editing stage (woohoo!)


I did a quick search on SGS (Metallurgical Services by SGS (http://www.met.sgs.com/)) and turns out they are worldwide and from all appearances are serious players. Sarissa once again pulls out the stops and brings the big boys in. And with the further drilling/exploration activities planned, they must have gotten financing from somewhere as there has been nothing of much for dilution (if any).

[Kuzami]

Good start to a new week...closed at HOD of .085...new HOY :dance:

[Kuzami]

Blue sky breakout today...let's see if she holds! :dance:

[Rich1]

Hi, Kuzami:
I tried to post here last night to celebrate SRSR going over .10 yesterday but I couldn't access the website (timed out).

Anyway,
WOOOOOOOOHOOOOOOOOOO!!!!! :dance:

I'm super thrilled! And the NI43-101 hasn't even come out yet!
I can hardly wait. It will give us a clearer idea of the answer to the question: Do we really have $$$ billions $$$ in the ground?

Go SRSR!!! Go Scott!!! [^]

[Rich1]

Highlights:

- 2nd phase exploration started on Nemegosenda (expanding on zone D)
- Planning to commence drilling of the southeast zone
- Retained SGS Lakefield Research Ltd to conduct Proof of Concept program (what's the best way to recover the niobium?)
- Further exploration of the Shining Tree gold property
- NI 43-101 in final editing stage (woohoo!)


I'm salivating at the prospect of the SE zone. It could be huge, even more than the D zone. And the gold at Shining Tree would be the cherry on top. :)


I did a quick search on SGS (Metallurgical Services by SGS (http://www.met.sgs.com/)) and turns out they are worldwide and from all appearances are serious players. Sarissa once again pulls out the stops and brings the big boys in. And with the further drilling/exploration activities planned, they must have gotten financing from somewhere as there has been nothing of much for dilution (if any).

With all the mining-industry knowledge and connections that Scott Keevil has, I would expect that he knows the right people, and I believe anyone would be thrilled to be able to work with a Keevil. I'm sure such a reputable name opens many doors. That's one reason I've stuck with this investment. Without Scott, Sarissa would be just another exploration company trying to create a mine.

[Kuzami]

Yep, things are certainly looking good here :biggrin: Looks like it's taking another breather after the last few days of fun. The chart was looking like it needed some cooling off anyways... Hopefully we keep stair-stepping our way up until the NI release.

The best part about all this, is that when you read through all the PRs and the data they've put on the Nemegosenda blog, you can see where this is going. The roadmap has been laid out. Recent moves suggest that we're close to taking this to the next level. I think once the NI is released, we're going to see some very exciting things start to happen.

Please make sure that you seatbelt is securely fastened, your seat is all the way forward and your tray table is up and in the locked position.

[Kuzami]

I keep thinking this is going to pull back, but it keeps chugging and chugging along. Over the last few trading days, it's pulled back in the morning only to break through and hit new highs in the afternoon. Another good start to a new week!

[Rich1]

Yeah. Have you ever seen a stronger stock?
Very big blocks being bought at the ask. I think I saw two trades for 50,000 shares today!

My seatbelt is fastened tight, and I'm ready to see what happens to the pps when the report is made public. I think we might get a hint that the report is about to come out when we see a sharp increase in volume (and pps). Then watch out.

[missionsman1]

I picked up some of this when it was around 2 or 3 cents. I'm glad I've held on! I had a dream one time that this was going to go very high. We will see if it goes as high as it was in my dream.

[Kuzami]

I picked up some of this when it was around 2 or 3 cents. I'm glad I've held on! I had a dream one time that this was going to go very high. We will see if it goes as high as it was in my dream.

Excellent! I think we're still just getting started here:biggrin:

[Rich1]

Wooohoooo!!!
We hit .18 today! And, I hate to repeat myself, but
the NI43-101 report isn't even out yet!

A few weeks back I was thinking that it would be nice to be at around .10 before the report came out. Now, I have no clue where we will be before the report comes out or where it will take us after .
All I know is that it's going to be HIGHER. :biggrin:

[Kuzami]

Yeah, I was in the same mindset thinking of where we might be when the report is released. Now it's anybody's guess. So this is what it's like to be in "blue sky territory"?:O

[missionsman1]

any insider buying going on?

[Kuzami]

any insider buying going on?

The only buying I'm aware of is when Scott Keevil got himself another 1.5M shares...

From their last filing: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=22181

In February 2009, Scott Keevil exercised his option to purchase 1,500,000 shares at the exercise price of $0.02 per share.


Had a nice ride early in the day to .209. Looks like daytraders started taking profits around the last hour though to end the day for what is still a nice close at .178 :biggrin:

[Rich1]

These are the times when our confidence is tested. :)

[Kuzami]

These are the times when our confidence is tested. :)

I don't think that people realize what we actually have here. In my most humble opinion, this is THE STOCK to be in at its earliest stages. From day one, they have been laying the groundwork to turn this into a profitable mining venture that will eventually turn great rewards. All I can say is do your due, and decide for yourself where you think is a good point to call it a win.

The rest of us will be kicking back and waiting for the real fun to begin...\

BTW...Today's my 2 year anniversery with SRSR. My original shares (which are the bulk of my investment) are now up 44,400% and I'm quite happy. And we're only getting started here folks...party on!

[Rich1]

What a wild week!
And what a wild day today. I'm sure glad I missed that big shake that took place this morning. Witnessing it would not have been good for my nerves. :) But judging by the chart, it looks like many took advantage and bought the heck out it at those levels. Great finish AND yesterday's gap closed. :biggrin:

And it's my 2nd year anniversary too! We first bought on the same day. :)

Let's see what next week brings. Hopefully th NI report. :)

[missionsman1]

PR out today


Sarissa Resources Inc. Releases Independent Technical Report Covering the Nemegosenda Property - Yahoo! Finance (http://finance.yahoo.com/news/Sarissa-Resources-Inc-iw-685817134.html?x=0&.v=1)

[Rich1]

ATTENTION:

The NI43-101 report is out!!!!!!!


Sarissa Resources Inc. Releases Independent Technical Report Covering the Nemegosenda Property

* Press Release
* Source: Sarissa Resources Inc.
* On Monday July 27, 2009, 11:16 am EDT

OAKVILLE, ON--(Marketwire - 07/27/09) - Sarissa Resources Inc. ("Sarissa" or the "Company") (Pinksheets:SRSR - News) is pleased to announce the completion of an independent technical report on its 100% owned niobium property in northern Ontario. The report was prepared by John C. Archibald, P. Geo. of Billiken Management Services Inc. of Toronto, and was prepared to standards as outlined by National Instrument 43-101 Standards and Disclosures for Mineral Projects ("NI 43-101"). The full report will be available for review on the Sarissa website.

The report summarizes both the results of work carried out during 2008 & 2009 as well as all known historical exploration work and reports on the Nemegosenda Property owned by Sarissa.

Excerpts from the report include:

"... 2008 & 2009, Sarissa carried out another drilling program over the same 'D' Zone centering their nine drill holes within the 'D' Zone mineralization. A block model of the results from these nine drill holes indicates a resource of some 11,000,000 tonnes of 0.46% Nb2O5 (12,127,500 tons at 0.46% Nb2O5).

"Sarissa's re-estimation (2009) using just the 'D' Zone block modeling by Alan A. Hawke BSc./MSc., of 45,265,343 tonnes grading 0.43% Nb2O5 of which 46% of the calculated blocks contained greater than 0.50% Nb2O5 for a minimum of 20,022,058 tonnes (translated to tons this drill inferred resource compares to 49,905,041 tons at 0.43% Nb2O5 and 22,074,319 tons at 0.50% Nb2O5 respectively (see Table 6 - "Resource Workings - Dominion Gulf" in the Appendices of this report)). Mr. Hawke's grade calculations compares favorably to the initial tonnage calculations by Dominion Gulf and strengthens the position that there is definitely a consistent Niobium resource to be found with the 'D' Zone area of the property.

"Sarissa Resources Inc. undertook a nine-hole diamond drilling program from November 2008 to February 2009, to test the reported Niobium mineralization occurring within the previously outlined 'D' Zone, on the Nemegosenda property. The nine holes totaled 1842 metres of which 1728 metres were assayed. Both the drilling, twinning of a number of the holes and drill-core analytical results show a high degree of reproducibility in values in Niobium content. This data provides further support for the reproducibility of the Niobium grades that were outlined by previous Musto Exploration and Dominion Gulf exploration results over the two areas on the property ('D' Zone and 'South-East' Zone) and gives credibility to the historical reserve estimates. Firstly, the 'D' Zone area likely contains a minimum of 20 million tons grading 0.45 % Nb2O5 and perhaps upwards of 40 million tons that was indicated by the previous programs and that the 'South-East' Zone likely contains another 20 million tons grading 0.35% Nb205 and both have good potential for hosting further resources of Niobium."

It is also with regret that Sarissa announces that Alan Hawke passed away on July 21st, 2009. Mr. Hawke had served as a director of Sarissa and directly oversaw the Company's exploration program. Scott Keevil, President of the Company, said, "On behalf of Sarissa, we would like to express our most sincere condolences to Alan's family and friends and recognize his outstanding service to the Company. We will greatly miss Alan, his zest for life and valued advice."

As tribute to Mr. Hawke, the Company has renamed the D Zone the Hawke Zone.

Dr. Cam Cheriton, a director of Sarissa, 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.

[Rich1]

This is freaking awesome!!! :dance:

"a resource of some 11,000,000 tonnes of 0.46% Nb2O5"

"the 'D' Zone area likely contains a minimum of 20 million tons grading 0.45 % Nb2O5 and perhaps upwards of 40 million tons"


Just wait until this report gets around the mining industry community!

Go Sarissa!!! [^]

[Kuzami]

This is freaking awesome!!! :dance:

"a resource of some 11,000,000 tonnes of 0.46% Nb2O5"

"the 'D' Zone area likely contains a minimum of 20 million tons grading 0.45 % Nb2O5 and perhaps upwards of 40 million tons"


Just wait until this report gets around the mining industry community!

Go Sarissa!!! [^]

Finally, something to work with:) When all is said and done, it looks like we have at least 2 1/2 times the amount of niobium than previously estimated. This is only the beginning though. Reading through the report, the author noted several times that the property is NOT up to NI 43-101 compliance...yet. This will require more drilling amongst other things to further delineate the property's resources. The second phase of drilling is already in the works, so it's only a matter of time. I look forward to future updates!

It was rather sad to read about the passing of Alan Hawke. It was great to meet and talk with him at the PDAC, as he was extremely excited about what they have at Nemegosenda. Kinda cool that they named the D zone after him...

[missionsman1]

Sold all my shares over the last few days. Sold some at .18 and the rest today @ .11

I bought in at .02 so I still made a profit.

[Rich1]

I haven't posted in the past couple of days because I'm so disgusted by what has happened to the pps, that all I could think were #@*%!!!@%&!!! kind of words. :lol:
I've calmed down somewhat, but man... looks like I'll just have to suffer through this, and hopefully it won't be too long before the stock regains its proper value.

I too am sorry about Alan Hawke's passing. He had a big part in helping Sarissa come this far so quickly. But I'm confident that Scott will find an equally valuable replacement. Someday, everyone in the mining industry will know about the Hawke Zone. :)

[Kuzami]

Yeah, it's been a rough few days, and not sure if it's over yet. Just shows what a whole lot of flippers can do to a stock 8-| Still feel more than confident that in the long run we'll get there. They put out another CEO interview on Wallst.net and in it he estimated it taking 18 months to finish proving up the Hawke zone. I'm guessing there are alot of folks not wanting to wait that long. Oh well, I'd love to pick up some more shares down the road if I can get them at a low price :)

Grats missionman1 on your play. In hindsight, I should've sold at .20 and waited to rebuy...but you just never know what's going to happen and I want to be here when it really hits big :dance::dance:

There's alot of things to happen during those 18 months or so while we wait for them to get the Hawke zone up to compliance standards. Would love to see another shareholder update PR...haven't gotten one of those in a long time.

[Kuzami]

Happy days are here again? Looks like Friday was a good reversal confirmation and today she's running again. Still way early in the day so I guess we see where she ends up :p

[Rich1]

SRSR closed up more than 33% :)
It's sure good to see it making a come back!
I wish I had been able to buy more last week. :(

[Kuzami]

News out...

Sarissa Resources Inc. Nemegosenda Drilling Update
Aug 20, 2009 9:30:00 AM

View Additional ProfilesOAKVILLE, ON -- (MARKET WIRE) -- 08/20/09 -- Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to announce the completion of a further three diamond drill holes on its 100% owned niobium property in northern Ontario. These three vertical holes continued on from the original nine hole program completed earlier this year. The previous drilling program had indicated a resource of 11,000,000 tonnes of 0.46% Nb2O5 within the Hawke Zone (previously the D Zone) as outlined in the Technical Report prepared by Billiken Management Services Inc. in July 2009.

The current program was targeted to test the eastern extension of the previously identified resource, and was conducted under the guidance of Hillar Pintson M.Sc., P.Geo. The core from this current program is being logged and split, and samples being prepared for assay. As these results are obtained, the Company will continue to update the Hawke Zone indicated resource.

In addition the Company has opened up some trenches in the SE Zone. Scintillomoter readings taken within the trenching area have provided significant readings. A program of line cutting will be undertaken in this area in preparation for drill testing and delineation of the zone.

The SE Zone "occurs 1500 metres south east of the 'D' Zone [Hawke Zone]. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m." ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc." -- July 21, 2009 -- Billiken Management Services Inc.)

Dr. Cam Cheriton, a director of Sarissa, 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 Sarissa Resources, Inc., and members of its 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 undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

About Sarissa Resources Inc.:

Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.

FOR FURTHER INFORMATION
Contact:
Sarissa Resources - Vision & Strategy (http://www.sarissaresources.com)
and
The Nemegosenda Project (http://nemegosenda.sarissaresources.com/)

Investor Relations:
Merle Goertz
866-307-1331

[Rich1]

Sarissa Resources Inc. Nemegosenda Exploration Update
Sep 3, 2009 9:10:00 AM

OAKVILLE, ON -- (MARKET WIRE) -- 09/03/09 -- Sarissa Resources Inc. , ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to release the first results from the summer trenching program in the SE Zone of its 100% owned niobium property in northern Ontario. During June and July four trenches were opened up to test for continuity of the mineralization reported in previous programs.

The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where 2.5 metre continuous channel samples were collected along the northern side of trench 09-5A to be submitted for assaying. Results of the first sample submitted have been received from Activation Laboratories in Ancaster. This sample was taken at the approximate half-way point in the trench and returned the following results:

Sample Number Nb2O5 Ta2O5 U3O8
16 0.548% 0.027% 0.07%

Of significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. As the Company waits to receive the assays on the remaining 48 samples submitted, preparations will be undertaken to get ready for drill testing and continued delineation of the zone.

The SE Zone "occurs 1500 metres south east of the Hawke Zone. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m" ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc. " -- July 21, 2009- Billiken Management Services Inc. )

The drill core from the summer drilling of the Hawke Zone has been logged and split and also submitted for assaying. These three vertical holes continued on from the original nine hole program completed earlier this year. The previous drilling program had indicated a resource of 11,000,000 tonnes of 0.46% Nb2O5 within the Hawke Zone (previously the D Zone) as outlined in the Technical Report prepared by Billiken Management Services Inc. in July, 2009. The three holes just completed ended with continued high readings using a hand-held scintillometer. Based on this, preparations are underway to bring a larger drill rig to this zone in order to further test the depth extension. In the winter program drill hole 09-73 had returned results of 45 m grading 0.77% Nb2O5 from a vertical depth of 194 m to 239 m.

Readers are cautioned that scintillometer readings are not directly or uniformly related to grades of the rock samples measured and should be used only as a preliminary indication of the presence of radioactive materials. Sarissa uses scintillometer readings as a reliable guide for its continuing exploration program. For general comparisons of scintillometer cps readings vs. assay results, please review results posted at Sarissa's website comparing historical results.

Dr. Cam Cheriton, a director of Sarissa, 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.

[Rich1]

Press Release Source: Sarissa Resources Inc.


Sarissa Resources Inc. Shining Tree Property Fall Exploration Program


FOR IMMEDIATE RELEASE: Oakville , ON, October 9, 2009 – Sarissa Resources Inc., (“Sarissa” or the “Company”) (OTCPinksheets: SRSR - News), announces a follow-up exploration program at the O’Connor-Asquith gold property in the Shining Tree district of northern Ontario .

The Shining Tree property consists of 16 claim units in the townships of Asquith and Churchill in the Shining Tree district. On a regional scale the property is located within the prolific Abitibi greenstone belt that is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits. The Shining Tree property is also centred on the axis of a regional gravity high signifying an area of thick supra-crustal rocks and under-plating by oceanic crust. In the Abitibi these associations appear conducive to the discovery of major gold deposits.

Sarissa had conducted a summer surface exploration program under the supervision of the late Alan Hawke with the resulting data reviewed by Warren Hawkins, geologist. That program consisted of stripping and blasting work on the historical large scale gold bearing quartz stockwork vein systems and wall rocks found within the central area of the property. Values as high as 53.9 grams per tonne (1.57 ounces per ton) gold were obtained. These results confirm that gold mineralization on the property is found within a broad spectrum of geological horizons, and the potential for a large tonnage deposit is very promising.

Specifically, the Shining Tree property hosts a gold bearing quartz vein stockwork system that has been exposed on surface in four different areas of the property (identified as Areas One to Four). Areas One and Two are a north/south striking quartz stockwork system located in the central portion of the property. Area Four also strikes north/south and is 500 metres north of Areas One and Two. Area Four is thought to be the strike extension of Areas One/Two. Area Three strikes east/west and crosscuts the approximate midpoint between Areas One, Two and Area Four.

The next exploration phase will consist of drill testing the depth extensions of certain of these surface zones for further gold mineralization. Sarissa has arranged with the same drilling contractors operating on its Nemegosenda niobium property to conduct the currently planned drilling phase on the Shining Tree property. The drilling rig is expected to be on site within the next week.

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.


About Sarissa Resources:

Sarissa Resources is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario , Canada .

[Kuzami]

Thanks Zoom, been meaning to put those up but have been slacking :Embarrassment:

Keevil continues to deliver, but the share price continues its slow descent. Mind boggling. I'm hoping we can hold the .06 level, but if it follows the pattern of previous runs, we might be looking at .02s again before another big run :O Last year it consolidated around .006-.007 after the run to .015ish, then ran to .0895, only to settle back down around .006-.007. It was consolidating around .02 before the run to .209... Where's it going to bottom out this time? The good news is, that over the long term we continue to go higher:)

Looking forward to more results on the Nemegosenda drilling and now the upcoming Shining Tree drilling. The story just keeps getting better and better!

[Kuzami]

News out today....

Sarissa Resources Inc. November Exploration Update
Nov 4, 2009 9:30:00 AM

OAKVILLE, ON -- (MARKET WIRE) -- 11/04/09 -- Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to release further results from the summer trenching program in the SE Zone, on its 100% owned niobium property in northern Ontario. During the summer four trenches were opened up to test for continuity of the mineralization reported in previous programs.

The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where forty-nine 2.5 metre continuous channel samples were collected along trench 09-5A and submitted for assaying. The average grade over the full 122.5 metre length of the trench was 0.35% Nb2O5. Results of the first sample submitted were previously released. The remaining assays have been received from Activation Laboratories in Ancaster. The assays will be made available on the Sarissa Resources website shortly.

In the 49 samples submitted for assay, highlights included 2 samples of greater than 1% Nb2O5 and 10 samples greater than 0.5% Nb2O5. As well as the significant Nb2O5 results, the samples returned anomalous values of tantalum and uranium, along with 2 samples of greater than ten thousand ppm total rare earth elements.

Of additional significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. A follow-up drilling program has been initiated to test the areas underneath the zone exposed during the trenching program.

The SE Zone "occurs 1500 metres south east of the Hawke [formerly the 'D'] Zone. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m." ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc." -- July 21, 2009 -- Billiken Management Services Inc.)

Metallurgical Testing

The first phase metallurgical testing of ore from the Nemegosenda property has been completed by SGS Lakefield Research Limited and no barriers to extraction have been identified. This correlates well with the previous $1,000,000 of metallurgical research conducted by Dominion Gulf Company in conjunction with the Colorado School of Mines Research Foundation in 1959-1960. The next stage metallurgical testing will focus on a more detailed mineralogical study.

Shining Tree Gold Project

Drilling has been completed at the Company's Shining Tree gold project where 2 holes totaling 300 metres were drilled under 2 of the exposed surface stock-work systems. Logging of the core is now underway.

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 Sarissa Resources, Inc., and members of its 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 undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

About Sarissa Resources Inc.

Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.

FOR FURTHER INFORMATION contact:
Sarissa Resources - Vision & Strategy (http://www.sarissaresources.com)
and The Nemegosenda Project (http://nemegosenda.sarissaresources.com/)
Investor Relations:
Merle Goertz
866-307-1331

[Kuzami]

SRSR up ~40% yesterday, possible trend reversal in the making after bottoming out at around .04...:biggrin:

Chart's been looking oversold, and there's anticipation of the Shining Tree drill results...next week should be fun^5

[Rich1]

Kuzami, Did you get any .04s?
I didn't because I thought it might go to .03~.035, and when it went back up it was too late. :(

[wonkxags]

Kuzami, Did you get any .04s?
I didn't because I thought it might go to .03~.035, and when it went back up it was too late. :(

gambling is a better use thats all it is who knows...

[Kuzami]

Kuzami, Did you get any .04s?
I didn't because I thought it might go to .03~.035, and when it went back up it was too late. :(

Nope, I've been waiting to see if it comes back down to .02 before I pick up more shares. I picked that point based on the chart history, where it was trading around .006-.007 before the big run last year to .0895, and then proceeded to drop all the way back to that range before slowly climbing back up. The last run to .209 started at around .02, so if this is going to come all the way back down, I suspect that the .02 area would be an absolute bottom. Of course, it looks like .04 might be solid enough to hold now. Would like to see .06 hold after that recent spurt, but it's looking like it'll slowly drift back down as we await more news (which shouldn't be too far off, me thinks).

It's still a long term play and I've got time to wait :biggrin:

[Kuzami]

More drilling results in. Looks like the Hawke zone keeps getting bigger and better!

Sarissa Resources Inc. Nemegosenda Drilling Update
Dec 1, 2009 9:00:00 AM

OAKVILLE, ON -- (MARKET WIRE) -- 12/01/09 -- Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to announce preliminary results from the recent diamond drilling program on its 100% owned niobium property in northern Ontario. Three vertical holes were completed to continue to test for eastern extensions of the ore-zone originally identified by Dominion Gulf and confirmed by Sarissa's first drilling program, completed earlier this year. The previous drilling program had indicated a resource of 11,000,000 tonnes of 0.46% Nb2O5 material within the Hawke Zone (previously the D Zone) as outlined in the Technical Report prepared by Billiken Management Services Inc. in July 2009.

The three drill holes continued on the same pattern as the earlier program, at 50 metre step-outs. DDH 09-78 was drilled 50 metres east of DDH-09-77; DDH 09-79 was drilled 50 metres east of DDH 09-74; and DDH 09-80 was drilled 50 metres east of DDH 09-73.

Results for DDH-09-79 have been received back from the assay lab, and the results confirm that the Hawke Zone continues to the east of the Company's previous drilling. This hole was drilled to a vertical depth of 254 metres, of which 243 metres was sent for assaying.

Of significance, an overall grade of 0.42% Nb2O5 was returned over the entire 243 metres, including 72 metres grading 0.6% Nb2O5 between 94.25 metres and 166.25 metres.

Final results for DDH 09-78 and 80 are expected shortly.

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 Sarissa Resources, Inc., and members of its 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 undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

About Sarissa Resources Inc.

Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project.

FOR FURTHER INFORMATION contact:
Sarissa Resources - Vision & Strategy (http://www.sarissaresources.com)
and The Nemegosenda Project (http://nemegosenda.sarissaresources.com/)
Public Relations: Merle Goertz
866-307-1331

[greencat]

SRSR making a move. On the 3 year chart we see a possible cup pattern.

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=140247901

[greencat]

SRSR making a small cup pattern. Very good chance SRSR kicks into gear off the 3 year chart and makes a move.

SRSR making a move. On the 3 year chart we see a possible cup pattern.

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=140247901

[ryanrambo24]

barchart.com has this listed in the top 1% and 100% buy

[ryanrambo24]

any idea what kind of move we could see out of this?

[ryanrambo24]

tdcp had the same exact barschart.com rating when tdcp hit .104, so we will see

[greencat]

tdcp had the same exact barschart.com rating when tdcp hit .104, so we will see

You are exactly right. I didnt think about TDCP but back in the day TDCP had almost the exact same pattern.

[greencat]

SRSR had a huge move today. Not sure what pushed it up. May have been news. I will have to check

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029

[Kuzami]

It was news released on Tuesday. Looks like a JV/financing deal is finally in place and they're waiting approval from "appropriate government agencies" before releasing any real details. Speculation is that the chinese are involved and it's probably a big deal going down. They set a target date of 30 Sept to close the deal. Been waiting almost 5 years for this to happen :biggrin:

edit: the first leg up on this run was because of some pictures found of the CEO visiting some chinese facilities, of which they were apparently in talks with. Speculation becomes realization...

http://www.sarissaresources.com/pages/posts/sarissa-resources-announces-letter-of-intent-to-form-joint-venture-and-access-project-financing107.php

[greencat]

It was news released on Tuesday. Looks like a JV/financing deal is finally in place and they're waiting approval from "appropriate government agencies" before releasing any real details. Speculation is that the chinese are involved and it's probably a big deal going down. They set a target date of 30 Sept to close the deal. Been waiting almost 5 years for this to happen :biggrin:

edit: the first leg up on this run was because of some pictures found of the CEO visiting some chinese facilities, of which they were apparently in talks with. Speculation becomes realization...

http://www.sarissaresources.com/pages/posts/sarissa-resources-announces-letter-of-intent-to-form-joint-venture-and-access-project-financing107.php

SRSR with another huge move..
SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029

[greencat]

SRSR making a bullish flag pattern. A flag pattern is a consolidation after a big move. SRSR could very well be getting ready for some more momo.

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029

[greencat]

SRSR looking like it wants to make a cup pattern whick would be a nice move..

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029

[greencat]

SRSR seriously looks like it want to make a cup pattern. Resistance at .035

SRSR looking like it wants to make a cup pattern whick would be a nice move..

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029

[Natalia Deasia]

Yes It is a nice move... I really like it...!!!
SRSR looking like it wants to make a cup pattern whick would be a nice move..

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029

[FreddieSims]

SRSR. Been watching this stock for a while now... my private club is convinced its a good buy, I'm still a bit hesitant. I'll admit, looks like it wants to make a move up soon, but I have 900k in another penny stock right now that is steadily moving up, and if SRSR doesn't at least QUADRUPLE in value, pulling my money out for this trade won't even be worth it!



The main reason I'm hesitant is that I'm new to the club and haven't known these people too long, but they clearly have a good track record and know what they're doing, and are telling me I'll definitely see bigger returns than 400%.



The club plans to go into it all together by Monday for maximum gains. Each member is contributing at least a few hundred thousand, some even millions... they seem pretty confident on this! 8-| :O



Any ideas on SRSR?

[Natalia Deasia]

0.0295 Down 0.0005(1.67%)
http://farm9.staticflickr.com/8043/8412323367_e718c23470.jpg

[FreddieSims]

Yep,

I guess that's why they're waiting to stack up on Monday. It seems unrealistic that It'll all of a sudden explode. I know they're holding some info from me (and a couple other newbies in the club); but they're legit and experienced, so, I'll probably hop in with them.

[greencat]

SRSR has a double rounded bottom with possible W pattern. This is the area that I may pull the trigger and take a chance.

SRSR Chart
http://www.profitspi.com/stock-chart-str.aspx?id=SRSR&ca=2075068029