Sarissa Resources, Inc. (PINK:SRSR) sharp rise from yesterday is not an unusual event for a company famous for engaging promoters and showing no facts. However unusual enough, for some lucky ones it is up this time, by whole 19.51%.

Yesterday a press release announced that Sarissa Resources has made progress in its diamond drill hole in the South East Zone of Nemegosenda, Northern Ontario. According to the statement, geological results have once again confirmed the presence of anomalous mineralization within the exploration area.

The effect on the buyers of Sarissa’s stock was to be predicted: the price swayed up to $0.05 and over 7 million shares were traded. This is a good achievement this time by the company’s PRs, since previous similar releases remained hardly noticed. The stock did not have so many severe fluctuations over the last months and had began losing some of its speculator attractiveness.

According to the company’s corporate website, Sarissa Resources focuses on the acquisition and development of potential mineral deposits, has several exploration properties and is currently conducting a confirmation program in its wholly-owned Nemegosenda property in Ontario, where historic drilling and bulk sampling has outlined 20 million tons of minerals. If Sarissa will find any diamonds in there is not quite sure. One thing for sure is that the gold rushers have never filed any official results of their “diamonds search activity” or any other trustworthy information.

Sarissa has had 25 promotion over the last two years and probably did not even have the money to pay them, as compensations disclosed were 900,000 to 1,000,000 million trading shares from a third party. After one of the last year’s promotions the stock rose by 38.9% and crashed down on the following day by 16%. Which means a loss of 20% on an investment for holding the stock just for one day.

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