08:51:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Sama Resources Inc
Symbol SME
Shares Issued 160,520,637
Close 2018-03-20 C$ 0.375
Market Cap C$ 60,195,239
Recent Sedar Documents

SRG, Sama drill 16.5 m of 12.72% Cg at Lola

2018-03-21 07:11 ET - News Release

See News Release (C-SRG) SRG Graphite Inc

Mr. Ugo Landry-Tolszczuk of SRG reports

SRG GRAPHITE REPORTS ON LATEST DRILL RESULTS

SRG Graphite Inc. and Sama Resources Inc. have released drill results from their continuing drilling program at the Lola graphite deposit in Guinea, West Africa. To date, 346 boreholes, totalling 9,600 metres, have been drilled on the property of which 175 boreholes, totalling 4,698 m, since the company announced its maiden resource on Dec. 22, 2017.

Once completed, the 2018 drilling program will result in a coverage of approximately 35 per cent of the total surface area of the deposit as defined by geological mapping, a geophysical Max-Min survey and previous drilling and pitting. With these results, along with upcoming results, the company will have gathered sufficient data to produce a preliminary economic assessment and continue to demonstrate the potential of the deposit.

A drilling contract was awarded to Foraco SA, an experienced drilling contractor, to expedite the completion of the 2018 drilling program. In addition, Foraco's two drill rigs, the company continues to contract Sama Resources' drill rig for infill drilling and regional exploration due to its proximity, availability and cost-effectiveness.

Assay results, conducted by Activation Laboratories Ltd. in Canada, have been received for 276 boreholes out of the 346 drilled to date. Composite results for 73 boreholes are shown in the associated table. Mineralized intervals were defined using 1.0 per cent graphitic carbon (Cg) as a cut-off grade while highlights were defined using 3.0 per cent Cg.

                    COMPOSITE RESULTS OF 73 BOREHOLES
 
Hole ID        From   Length      Cg       Hole ID    From   Length      Cg
                (m)      (m)     (%)                   (m)      (m)     (%)

LL39-077412    4.00    27.50    3.49   LL48-163165   21.00    18.00    4.05
including*              7.50    6.52    including*            10.50    5.35
LL39-053403    0.00    33.00    5.82   LL48-143159    8.90     8.10    4.29
including*             15.00   10.42   LL48-199286   10.50     6.00    3.02
LL42-192773    0.00     3.00    2.57   LL48-180279    0.00    16.00    2.44
LL42-174766    6.00    16.50    3.66    including*             3.00    4.78
LL42-155759    0.00    25.30    4.57   LL48-162271    0.00    17.00    3.31
including*             16.50    5.86    including*             6.00    5.64
LL42-136752   21.00    16.80    4.54   LL48-151266    0.00    19.50    4.55
including*             10.50    5.95    including*            17.00    4.92


Hole ID        From   Length      Cg       Hole ID    From   Length      Cg
                (m)      (m)     (%)                   (m)      (m)     (%)

LL42-117746    0.00    18.00    3.23   LL48-141315    0.00    19.50    4.03
LL42-099740    1.50     4.50    2.44    including*            12.00    5.30
LL42-081733   27.00     7.50    4.35   LL48-160323    0.00    18.00    3.76
LL42-063726   24.00    28.30    2.45    including*             7.50    6.15
LL42-044719    4.50    18.00    4.14   LL48-178330    1.50    12.00    1.62
LL42-021710    1.00    15.50    5.03   LL48-196339    3.00    10.50    4.98
including*              7.50    9.01    including*             9.00    5.47
LL41-800703   27.00    15.00    3.67   LL48-178433    1.50     7.80    1.46
LL45-210073    0.00    21.00    4.04   LL48-197440    0.00    10.50    1.32
including*             10.50    6.35   LL48-151218    0.00    28.70    6.35
LL45-167065    3.00    10.50    5.66    including*            21.20    7.86
including*              6.00    8.44   LL48-188232    1.50    13.60    2.67
LL45-149058   19.50    21.40    3.21    including*             1.50    7.07
including*              7.50    5.33   LL48-169224       2    19.25    3.44
LL45-130052    9.00    13.50    3.89    including*             9.00    5.07
LL45-112045    0.00    24.00    2.59   LL48-175491       2    15.70    1.40
including*              1.50    4.35   LL48-152482       2    22.20    5.63
LL45-093038    3.00    19.50    3.40    including*            20.70    5.96
LL45-076031    0.00     8.00    5.50   LL48-128494       0    13.50    4.05
LL45-057025    0.40    22.10    2.39    including*             8.50    5.60
LL45-034016    9.00     3.00    6.32   LL48-172595       0    30.00    4.42
LL45-030073    7.50    15.70    1.90    including*            17.20    6.25
LL45-051080    4.00     6.50    3.51   LL48-192603       0     4.50    1.43
LL45-075089   10.50    11.50    4.13   LL48-142690       0    18.20    4.72
LL45-093094    0.00    14.00    3.24    including*            15.00    5.31
including*              5.00    4.13   LL48-119682       2    18.50    3.77
LL45-124111    0.00    15.30    3.81    including*             9.00    5.94
including*              6.50    5.98   LL48-100781       2    19.50    3.83
LL45-220038    0.70    20.30    3.31    including*             5.60    6.70
including*              4.50    6.56   LL48-119792       2    16.80    1.37
LL45-201031   12.00    20.60    5.47   LL47-736721    0.00    27.10    4.38
including*             16.50    6.37    including*            11.00    7.80
LL45-183024    1.50     1.70    3.50   LL47-713713    0.00    34.00    4.82
including*              1.70    3.50    including*            10.50   10.25
LL45-164017   21.00    19.60    3.61   LL47-689704    0.00    24.00    4.89
including*              7.20    4.61    including*            16.50    6.09
LL45-145009   16.50    14.50    4.36   LL47-666695    0.00    28.50    8.37
including*              7.50    5.87    including*            16.50   12.72
LL45-126006   16.80    19.20    2.98   LL47-642687    3.00    30.00    3.51
including*              5.20    5.42    including*            10.50    6.79
LL42-107797    0.00    18.00    7.16   LL47-787422    0.00    33.90    3.57
including*             13.50    8.93    including*            26.40    4.23
LL42-089790    1.50    30.00    3.30   LL47-640475    7.50    25.50    2.73
including*              7.70    7.01   LL47-682490    0.00    31.50    2.86
LL42-070783    3.00     4.50    1.84    including*             3.00    9.62
LL42-051776    3.00    26.10    2.33   LL47-701497   16.50    19.50    5.17
LL48-199179    1.50    13.50    2.63    including*            11.00    7.54
LL48-181171    0.00    17.00    5.10   LL47-720504    4.50    34.50    4.65
including*             14.50    5.67    including*            20.95    6.69

* 3-per-cent Cg cut-off grade (average grade of combined intervals).

All boreholes were drilled at an inclination of 50 degrees from horizontal and crosscut the geological succession as perpendicular as possible. The graphitic paragneiss displayed foliation dipping between 80 and 85 degrees to the west.

Core logging and sampling were performed at the company's facility in the village of Lola. Sample preparation was performed by Veritas Laboratory in Abidjan, Ivory Coast. Pulp samples were delivered to Activation Laboratories Ltd., Ancaster, Ont., Canada. The samples were treated through a multistage furnace process to remove organic carbon and carbonate carbon. The remaining graphitic carbon was measured as carbon dioxide in the infrared (IR) cell as gas flowed through the cell. Carbon dioxide absorbs IR energy at a precise wavelength within the IR spectrum. All analyses were performed using Eltra instruments.

The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, PhD, Geo, PGeo, lead geologist, SRG, and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About SRG Graphite Inc.

SRG is a Canada-based company focused on developing the Lola graphite deposit located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally and ethically responsible manner.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.