Sama is a Canadian-based, growth-oriented resource company focused on exploring the Sama Nickel Corporation’s own nickel-copper project in Côte d’Ivoire and Sama Resources Liberia’s gold properties in Liberia, West Africa. The Company is managed by experienced industry professionals with a strong track record of discoveries.
In Côte d’Ivoire, Sama’s projects, through Sama Nickel Corporation Inc (“SNC”) are located approximately 600 km northwest of Abidjan and are flanked to the west by the Ivorian and Guinean borders. Sama owns 70% interest in SNC, with its joint venture partner Ivanhoe Electric owning 30%. Ivanhoe Electric has the option to purchase up to a 60% interest in SNC.
In Liberia, Sama through Sama Resources Liberia Inc subsidiary, has three 100% owned exploration permits.
In July 2023, Sama successfully spin-out the asset in Province of Quebec, Canada, through SRQ Resources Inc./Ressources SRQ Inc distributing 100% of SRQ’s shares to Sama shareholders.
Sama Nickel Corporation (SNC): Samapleu-Grata Ni-Cu projects
SNC’s Samapleu-Grata Ni-Cu projects are located approximately 600 km northwest of Abidjan in Côte d’Ivoire and is adjacent to the Ivorian and Guinean borders in West Africa. SNC’s projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso forming a 125 km long new Base Metal Camp in West Africa.
The Samapleu-Grata deposits mineralization is typical of a layered Pipe like Intrusion or conduit‐hosted nickel deposits. These rare types of intrusions host the world’s largest nickel‐copper deposits such as: Jinchuan, Voisey Bay, Kabanga, Eagle, Eagle Nest, Kalatongke and N’komati.
SNC discovered the large Yacouba Intrusive Complex in 2010. The Yacouba Intrusive Complex is the host of more than twenty individual complex’s feeder zones span over more than 50 kilometers. The Samapleu and the 2021’s newly discovered Grata Ni-Cu-PGE deposits are the surface mineralised occurrences of two of these twenty and more feeders. The Yacouba Intrusive Complex intruded the older gneissic assemblage of the West Africa’s craton during the early Birimian geological period (2.1Ga). It is interesting to note that the age for the Yacouba Complex is almost the same at 2.1Ga, as the large and mineral rich South-African Bushveld complex (host of the Ivanhoe Mines’s large Flatreef palladium-nickel deposit and numerous other chromite + Platinoid Group Elements deposits as well as the nearby N’Komati nickel-copper-palladium deposit).
Nickel and copper mineralization (pentlandite, chalcopyrite, combined with pyrrhotite correspond to sulphide disseminations ranging from trace to 40% and semi‑massive to massive (40% to 100% sulphides) sulphide rich lenses often spatially associated with highly breccia texture in pyroxenites mostly.
On June 27, 2023, the Company announced that it has increased indicated and inferred mineral resources at its Samapleu and Grata nickel, copper, cobalt and platinum group elements (PGE) projects in Ivory Coast. The latest mineral resource estimate reflects the outstanding progress made by the Company’s dedicated exploration team.
For the Samapleu-Grata deposits combined, inferred resources total 101.9 million tons (Mt) averaging 0.25 per cent Ni for 558.6 million pounds (Mlb) of Ni metal, 0.23 per cent Cu for 526.8 Mlb of Cu metal, 0.01 per cent Co for 33.4 Mlb of Co metal, 0.29 gram per ton palladium for 939,400 ounces of palladium and 0.1 g/t platinum for 311,400 ounces of platinum.
The combined indicated resources total 14.99 Mt averaging 0.25 per cent Ni for 81.6 Mlb of Ni metal, 0.22 per cent Cu for 72.9 Mlb of Cu metal, 0.02 per cent Co for 5.5 Mlb of Co metal, 0.31 g/t Pd for 149,400 ounces of Pd and 0.1 g/t Pt for 49,500 ounces of Pt.
Sama Resources Liberia Inc. (SRL)
Sama Resources Inc created the 100% owned subsidiaries Sama Resources Liberia Inc in June 2020. SRL is focused on the discovery and development of high-grade gold occurrences in Liberia, West-Africa.
Liberia has a long history of artisanal gold mining, but the country is largely underexplored in terms of modern mining. Liberia’s geology is similar to that of other West African countries with significant gold production, such as Ghana and Mali, and it is believed to have significant potential for large-scale gold deposits.
Several international mining companies are actively exploring for gold in Liberia, and some have already made significant discoveries. For example, New Liberty Gold Mine, owned by Avesoro Resources, is Liberia’s first and largest commercial gold mine, with an estimated resource of over 1 million ounces of gold.
In January 2021, SRL was granted three exploration permits for gold in Liberia.