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or Name
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Sama Resources Inc
Symbol SME
Shares Issued 188,426,410
Close 2018-10-22 C$ 0.35
Market Cap C$ 65,949,244
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Sama Resources starts 6,000 m drill program at Yepleu

2018-10-23 07:13 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA AND HPX INITIATE 6,000-METER DRILLING PROGRAM ON PHASE 1 TYPHOON ELECTROMAGNETIC HIGH-CONDUCTIVITY TARGETS AT YEPLEU

Sama Resources Inc. has started a 6,000-metre drilling program designed to test high-conductivity targets defined by the phase 1 Typhoon electromagnetic (EM) geophysical survey. Drilling will commence at the 100-per-cent-owned Yepleu property at the company's nickel-copper-cobalt-palladium project in Ivory Coast, West Africa.

The drilling program is targeting semi-massive and massive polymetallic sulphide anomalies located between 600 m and 900 m from surface. Capital Drilling Cote d'Ivoire Ltd. has been selected for executing this initial drilling program.

The phase 1 Typhoon EM survey was performed following results from the 2,889-line/kilometre airborne helicopter time-domain electromagnetic and magnetic survey (HTEM) completed in February, 2018, over the Samapleu and Yepleu areas. The phase 1 Typhoon covered selected anomalies outlined by the HTEM survey. The company has planned the phase 2 Typhoon survey over additional EM targets.

"We are very pleased with the results obtained from the phase 1 Typhoon survey. Typhoon surpassed our expectations returning high-conductivity targets as deep as 900 m from surface and allowing us to be more accurate in positioning drill holes to test these deeper conductors," said Dr. Marc-Antoine Audet, PGeo, president and chief executive officer of Sama Resources.

"HPX's proprietary Typhoon transmitter has once again demonstrated its power and capability by generating new targets over a larger area and at greater depths than previous surveys. We look forward to drill testing these targets in the coming months with Sama," said Eric Finlayson, president of HPX.

Sama has selected the Yepleu area for the phase 1 of HPX's 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 (tested using a hand-held Niton XRF (X-ray fluorescence) analyzer) (see company's press release dated June 6, 2013). The Yepleu area is located 18 kilometres southwest of the Samapleu nickel-copper deposit.

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 signature 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 (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 million 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 Ivory Coast.

About Sama Resources Inc.

Sama Resources is a Canada-based mineral exploration and development company with projects in West Africa. Sama Resources holds a control position in SRG Graphite of 24,658,267 shares, representing 35.54 per cent of the issued and outstanding shares of SRG Graphite, and is considered an insider for reporting purposes.

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

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