Sarissa Resources Inc. (PINKSHEETS: SRSR) is an American junior, mineral exploration company which locates and develops mineral properties in North America. Currently, Sarissa owns uranium, copper, silver, nickel, gold, platinum and zinc properties in Northern, Ontario, Canada. Sarissa’s corporate goal is to build a strong, mineral based company with projects that can be characterized as world-class in status, and with the potential for near-term production.
As part of its ongoing exploration, the company continues to expand its property portfolio and have added the following; Niobium Carbonatite Bearing Property in Northern Ontario, Canada where historic exploration and testing has indicated the existence of considerable carbonatite-hosted niobium mineralization; Timmins Township situated in Northern Ontario which has historic zinc, copper and gold; and a Uranium/Copper mineral property in the Elliot Lake Camp in Albanel Township situated in Northern Ontario.
The Company is also looking to expand their assets and implementation strategy beyond Canada and into U.S. markets. Sarissa is currently considering the acquisition of several new properties for the mining of both precious metals and industrial metals in locations in the United States, as well as investment opportunities in complementary or divergent companies.
The company is headed up by recently appointed CEO, Scott Keevil who has been involved in the mineral exploration industry for 20 years. Also among the Board of Director’s is Cam Cheriton, Ph.D., who has over 50 years experience in the mining industry.
In a letter to Sarissa’s shareholders, Scott Keevil stated, “in 2008, we will focus our energies and resources on continuing to evaluate other opportunistic projects that will yield economic fruit in addition to extracting value from our current property portfolio…… In addition to our ongoing efforts to develop and realize economic fruit from our existing properties as well as exploring promising new properties, management has outlined a comprehensive plan to significantly improve our most important property — the capital structure of Sarissa Resources — in 2008, in an effort to unlock and improve shareholder value.
In summary he added, “We are in one of the world’s most exciting industries where one discovery can drastically change a company’s future. It is important to remember that mining exploration is a risky business, but the rewards associated with discovery are far greater than any other business we know of. We cannot guarantee success but we will continue to seek out exciting new projects with the expectation that we will add meaningful value for our shareholders.”
On Thursday, January 17th OTCPicks.com: included Sarissa on its list of stocks to watch.
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