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Sama Resources Inc
Symbol SME
Shares Issued 186,257,000
Close 2018-05-30 C$ 0.34
Market Cap C$ 63,327,380
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Sama to start Typhoon EM survey at Cote d'Ivoire

2018-05-31 09:12 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA LAUNCHES THE HPX PROPRIETARY TYPHOON EM GEOPHYSICAL SURVEY AT YEPLEU FOLLOWING COMPLETION OF GEOTECH HTEM SURVEY

Sama Resources Inc. has launched phase 1 of a Typhoon electromagnetic (EM) geophysical survey at the Yepleu area at the company's Cote d'Ivoire nickel-copper-cobalt-palladium project in Cote d'Ivoire, West Africa. The Typhoon survey is planned following the positive results from the 2,889-line-per-kilometre airborne helicopter time domain electromagnetic and magnetic (HTEM) survey completed in February, 2018, over the Samapleu and Yepleu areas. The HTEM survery flew over the area at 200-metre line spacing and was carried out by Geotech Ltd. (Canada) using its versatile time-domain electromagnetic (VTEM) geophysical system. The HTEM survery covered sectors that were not covered by the previous HTEM survey flown by Fugro in 2013.

Several newly prospective zones strongly associated with magnetic anomalies were identified from the current HTEM survery. These new sectors add to the prospective areas already identified from the previous Fugro survey.

"We are very pleased and excited with the results of the HTEM survey and the launch of the phase 1 HPX ground Typhoon survey. With this new technical information, we will be able to be more accurate in positioning drill holes to test these deeper conductors during our next drill program," said Dr. Marc-Antoine Audet, PGeo, president and chief executive officer of Sama Resources.

Sama has selected the Yepleu area for the phase 1 HPX Typhoon ground EM survey for its high-quality HTEM response as well as the prospective geological setting. It is at the Yepleu area that Sama made the first discovery of nickel-copper sulphide mineralization at surface in West Africa with material grading up to 1.39 per cent nickel and 2.26 per cent copper sulphide. The Yepleu area is located 18 kilometres southwest of the Samapleu nickel-copper deposit.

It is expected that the Typhoon technology will provide a better quality primary signal, allowing for higher-resolution, larger-scale and deeper detection than any existing technology.

Preparation is well advanced on site for the Typhoon survey. The survey is anticipated to begin by mid-June, 2018, and should last approximately six weeks.

Compilation maps of HTEM survey are available on the company's website.

The company's exploration objective is to delineate massive sulphide reservoirs that could be the source of high-grade nickel-copper-cobalt-palladium lenses intercepted in shallower boreholes at the Samapleu deposits.

The Samapleu 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, including Jinchuan (515 million tonnes at 1.06 per cent nickel), Voisey's Bay (137 million tonnes at 1.68 per cent nickel), Kabanga (52 million tonnes at 2.65 per cent nickel), Eagle (4.5 milion tonnes at 3.33 per cent nickel), Eagle Nest (20 million tonnes at 1.68 per cent nickel), Kalatongke (24 million tonnes at 0.68 per cent nickel) and N'komati (2.8 million tonnes at 2.08 per cent nickel).

Sama discovered the nickel-copper-cobalt-palladium mineralization when it discovered the Yacouba layered complex of mafic and ultramafic rock. This layered complex was created approximately 2.1 billion years ago by the intrusion of magma through the Man shield. The Yacouba complex can be traced over a strike length of more than 30 kilometres within Sama's properties in Cote d'Ivoire.

About Sama Resources Inc.

Sama Resources is a Canadian-based mineral exploration and development company with projects in West Africa.

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