Montreal, Québec, April 22, 2014 – (TSX Venture: SME). Sama Resources Inc./Ressources Sama Inc. (“Sama” or the “Company“) has launched the next drilling program aimed at discovering high-grade nickel-copper-palladium rich lenses at Samapleu and Yepleu deposits. These deposits are hosted within a newly identified large anorthositic and dioritic layered complex (the “Yacouba Layered Complex”) in Côte d’Ivoire, West Africa.
The Tri-dimensional Conductivity Depth Imaging (“CDI“) models generated from the Helicopter Electromagnetic survey (“HTEM“) returned numerous high priority targets over the entire survey area, but more importantly, at, and in the vicinity, of the Samapleu Main, Extension 1 and the Yepleu deposits. At the Samapleu Main and the Extension 1 deposits, all high priority CDI’s targets could be related to the presence of mineralization in various concentrations including semi-massive to massive lenses within what Sama believes to be the mineralized trend extending at depth and also laterally.
The 16 boreholes which cover 6,900 meters (“m“), and includes 14 boreholes at the Samapleu Main and Extension 1 deposits and 2 boreholes at Yepleu are planned using the combined interpretation from the latest Fixed Loop and Down-Hole TEM (“DHTEM“) survey program together with the HTEM completed in 2013.
CDI’s targets coincide very well with responses obtained from the recently completed DHTEM survey.
CDI is a very cost effective and time efficient way to derive conductivity variations with depth from the raw HTEM data. CDI is calculated using inversion results from the individual electro-magnetic decays from each recorded station in the airborne data.
Readers are invited to click on following link to have access to Samapleu Main and Extension 1 deposit surface map showing boreholes location and on the three subsequent links for visualising vertical cross-sections with geophysical targets and proposed borehole outlines.
At Yepleu, the Company is chasing structural features that would have trapped mineralized pyroxenite within the sub-horizontal large layered complex. The CDI models and the DHTEM responses coincide also very well and are prime targets to be tested by drilling.
See the Yepleu surface map and a cross section by clicking on the following links;
Exploration to date has focused mostly on shallow targets (<150m) at the Samapleu deposits. Sama believes that mineralization at the Samapleu deposits could plunge deeper and could extend laterally as suggested by the CDI interpretation. It is interpreted that, based on the CDI interpretation, the Samapleu Main and the Extension 1 Pipe- like Intrusion or conduit mineralized hosts are linked together at depth as a large fold returning very strong conductivity responses.
These rare type of intrusions host the world’s largest nickel-copper deposits like Jinchuan, 515 million tonnes (“Mt“) at 1.06% nickel; Voisey Bay, 137Mt at 1.68% nickel; Kabanga, 52Mt at 2.65% nickel; Eagle, 4.5Mt at 3.33% nickel; Eagle Nest, 20Mt at 1.68% nickel; Kalatongke, 24Mt at 0.68% nickel and N’komati 2.8Mt at 2.08% nickel.
Details for the CDI and the DHTEM derived targets and presented in the Sama’s updated compilation at: http://www.samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf
The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, P.Geo and President and CEO of Sama, and a ‘qualified person’, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
FOR FURTHER INFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
Mr. Matt Johnston
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 4
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.
Forward-Looking Statements Certain of the statements made and information contained herein are “forward-looking statements” within the meaning of Canadian securities legislation or “forward-looking information” within the meaning of the Ontario Securities Act and the Securities Act (British Columbia). This includes statements concerning the Company’s plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to vary or be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or forward-looking information. Information regarding drilling results may also be deemed to be forward-looking statements or forward-looking information in that they reflect a prediction of what may be found to be present when and if a project is actually developed.
Forward-looking statements and forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties.
In addition, forward-looking statements and forward-looking information are based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information or forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.