Converge Global Inc Announces Gold Property Joint Venture With Sarissa Resources Inc
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TORONTO, ONTARIO, Mar 24 (MARKET WIRE) --
Converge Global Inc. (PINK SHEETS: CVRG) is pleased to announce a Joint
Venture deal with Sarissa Resources Inc (PINK SHEETS: SRSR) on a gold
property in Northern Ontario, Canada. The O'Connor Asquith property,
residing in Asquith and Churchill Townships consists of 16 claims,
approximately 640 acres (1 square mile) and has significant historical
gold showings, channel cuttings from stripping area #3, see below.
ASSAYS
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SAMPLE # Au
(grams/tonne)
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70777 0.58
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70778 12.17
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70779 19.41
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70780 3.22
------------------------------
70781 8.47
------------------------------
70767 8.21
------------------------------
Converse Global Inc, will earn a fifty per cent interest in the
O'Connor Asquith property by: paying Sarissa $25,000, and paying Sarissa
$15,000 dollars annually for the next three (3) years, spending $120,000
in the next eighteen (18) months on exploration on the property, as well
as paying Sarissa three million (3,000,000) Converge Global, Inc. common
shares. Sarissa will be the operator of the property.
Scott Keevil President of Sarissa Resources comments on the Joint
Venture, " I am very excited about having the opportunity to work with
Converge on this under explored property. The trenching results have been
exceptionally positive and we anticipate as being successful, long term
endeavor."
Converge Global Inc. is designing an exploration program on the O'Connor
property to be commenced in the next few weeks. The exploration program
will consist of channel cutting and blasting on "Stripped Area #3 to
further determine the most efficient areas to begin diamond drilling.
Converge Global President and CEO Bryan Gonzales states, "We are
extremely pleased to be working alongside Scott and his team. Sarissa
Resources is a top notch mining outfit and we look forward to the future
success of this partnership".
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
Converge Global, 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 more info please see the CVRG website, www.convergeglobalinc.com.
Contacts:
Merle Goertz
1-866-738-9976
Copyright 2009, Market Wire, All rights reserved.
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