Aug 12, 2011
Elissa Resources Announces Director Resignation
VANCOUVER, BRITISH COLUMBIA - Elissa Resources (TSX VENTURE:ELI)(OTCQX:ELSRF)(PINK SHEETS:ELSRF) ("Elissa" or the "Company") reports that Scott Parsons has resigned from the Board of Directors of the Company in order to pursue other interests. Elissa's Board of Directors would like to thank Mr. Parsons for all his contributions to the Company and wish him well in his future endeavours.
ON BEHALF OF THE BOARD OF DIRECTORS OF ELISSA RESOURCES LTD.
Paul McKenzie, President and CEO
About Elissa Resources Ltd.
Elissa Resources is advancing its 100% %-owned Thor heavy and light rare earth element project in Nevada, 16 miles (28 km) east of Molycorp Minerals' Mountain Pass deposit and processing facility in California. Strongly represented at the Thor project are four rare earth elements that have been deemed as being in critical short supply by the U.S. Department of Energy: neodymium (Nd), terbium (Tb), dysprosium (Dy), and yttrium (Y). Additionally, Elissa has an option to earn a 100% interest on both the Sage Creek (Idaho) and St. Elmo (Nevada) gold projects. A phase one core drilling program is currently underway at Elissa's Sage Creek Gold Project to depths of 150 meters. Elissa is also reviewing and aggressively pursuing REE opportunities in other parts of Nevada and neighbouring states.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans, objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development, and uncertainties in connection with anticipated commodity prices for minerals, growth of worldwide market demand, exploration capital requirements, length of asset life and availability of qualified personnel, among others. As a result, actual results may vary materially from those described in the forward-looking statements.
"Neither The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Elissa Resources Ltd.
President / CEO
You can view the Next News Releases item: Thu Sep 1, 2011, Elissa Resources Discovers Additional Broad Structural Trends At Thor Rare Earth Elements (REE) Project, Nevada
You can view the Previous News Releases item: Wed Aug 10, 2011, Elissa Commences Drilling at Sage Creek Gold Project, Idaho
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