Highlights
- Intersection of a near-surface mineralized zone of 81.35 metres of highly disseminated sulphides including 5.0 metres of massive sulphide at Samapleu Main deposit.
- Intersection includes 9.30 metres at 2.68% nickel and 1.47% copper.
- Currently drilling at Yepleu prospect with two rigs.
- Analyses for platinum group of elements are pending.
Montréal, Quebec, May 12th, 2021 – Sama Resources Inc. (“Sama” or the “Company”) (TSX-V: SME | OTC-PK: SAMMF) is pleased to announce preliminary results from the first hole of the current 5,000 metres (“m”) drilling program at the Samapleu deposit and Yepleu prospect. The Company has intersected a near surface high grade mineralized zone at Samapleu Main of 9.30 meters (“m”) grading 2.68% nickel (“Ni”) and 1.47% copper (“Cu”) within a larger 81.35 m mineralized intersect grading 0.50% Ni and 0.39% Cu in hole SM44-454265 (2021-01). Assays for platinum, palladium and gold are pending. True widths are not known at this time. However, according to Sama’s geological model, the hole was planned to intersect mineralization as perpendicular as possible to the general strike and dip. Individual assays of up to 4.73% Ni and 3.81% Cu were obtained.
“This high-grade near-surface mineralization at Samapleu Main shows the quality of this deposit. Superior metallurgical testing results have been returned from this type of material over the years and speaks to the possibility of Samapleu Main and Extension being a stand-alone open pit mine.” stated Dr. Marc-Antoine Audet, President & CEO of Sama Resources Inc.
At the Samapleu Main deposit, the intersected mineralization is characterized by aggregates of the nickel, copper and iron sulphides – pentlandite, chalcopyrite and pyrrhotite, respectively. Pentlandite occurs together with pyrrhotite, while the chalcopyrite is either mixed with the pentlandite and pyrrhotite or occurs as millimetric to centimetric sulphide veins/accumulations. The textures of the sulphide mineralization vary from disseminated to semi-massive and massive. Massive mineralization shows sharp contacts with the mineralized host.
Photo 1: High grade Ni-Cu massive sulfide mineralization (SM44-454265 (2021-010) showing sharp contacts with the mineralized pyroxenite host.
The Company is searching for massive sulphide veins and lenses at Samapleu that could have accumulated in traps and embayments at depth along the feeder system of the large Yacouba intrusive complex.
Yepleu Update
At Yepleu, Sama is searching for the same types of accumulations as at Samapleu but within a more dynamic magmatic system. Yepleu is considered to be the centre of the intrusive feeder system with evidence of multiple magma injections generating a large volume of host rock assimilation.
The Company identified high quality targets at both locations from last November’s Typhoon DHTEM surveys. According to our partner High Power Exploration (“HPX”), these targets are showing the strongest conductivity thickness (“CT”) measurements observed to date at the project. A minimum of four holes are planned testing three strong DHTEM targets along a mineralized trend of more than 4,500 m of strike length (Figure 3). The mineralized horizon starts near surface, reaches a depth of more than 850 m toward the south-southwest and appears to remain open. The very strong conductive target at 850 m depth (20,000 CT) remains untested. Other very strong DHTEM targets (10,000 CT and 11,000 CT) are subject to the current drilling program.
Figure 1 below shows the location of the Samapleu and Yepleu sectors together with highly prospective areas that remain to be investigated with additional ground electromagnetic surveys and/or drilling.
Figure 2 below shows a revised compilation of all geophysical data close to the Samapleu deposit outlining possible targets for additional investigation.
Figure 3 below shows the 4.5 km long mineralised trend at Yepleu cumulating with the 850m deep 20,000 CT target that will be drilled shortly (P: Proposed holes).
Additional DHTEM surveys will be performed on every hole drilled as a routine procedure and as a very effective exploration tool on so-called “near-miss” intersections.
Core logging and sampling was performed at Sama’s facility at the Samapleu and Yepleu field facilities. Sample preparation was conducted at the Bureau Veritas Mineral Laboratory’s facility in Abidjan. Sample pulps were delivered to Activation Laboratories Ltd, Ancaster, Thunder Bay, Canada, for assaying. All samples were assayed for Ni, Cu, Co, Pt, Pd, Au, Fe and S.
Readers are invited to view the updated Corporate Presentation showing exploration progress proposal for the H1 2021:
https://samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf
ABOUT SAMA RESOURCES INC.
Sama is a Canadian-based mineral exploration and development company with projects in West Africa. On October 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Côte d’Ivoire Nickel-Copper and Cobalt project in Côte d’Ivoire, West-Africa. For more information about Sama, please visit Sama’s website at https://samaresources.com.
About HPX
HPX is a privately-owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Chief Executive Officer Robert Friedland and President Eric Finlayson, a former head of exploration at Rio Tinto. For further information, please visit www.hpxploration.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
OR
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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” or “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements and forward-looking information such as “evidence”, “potential”, “appears”, “seems”, “suggest”, 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.