Sarissa Resources Inc. Shining Tree Property Fall Exploration Programadmin
Sarissa Resources Inc. 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 centered 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.