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or Name
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Sama Resources Inc
Symbol SME
Shares Issued 191,241,410
Close 2019-04-03 C$ 0.265
Market Cap C$ 50,678,974
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Sama drills 54 m of mineralization at Yepleu

2019-04-04 06:00 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA ANNOUNCES INTERSECTION OF 54 METRES OF MINERALIZATION RANGING FROM DISSEMINATED TO SEMI-MASSIVE AND MASSIVE SULPHIDES

A second hole drilled at Sama Resources Inc.'s Yepleu sector 1 as a follow-up on the mineralized zone intersected on the first deep hole (refer to press release of Dec. 12, 2018) has returned a mineralized zone of 54 metres of disseminated to semi-massive and massive sulphide material from 585 m to 639 m from the surface. Assays results are pending.

                            DRILLING SUMMARY AT THE YEPLEU PROJECT
Hole ID               EOH                                                              Note
                      (m)
Yepleu sector 1
YE29-556043           903                       37 m at 0.4% Ni including 5.2 m at 1.16% Ni
                                                 follow-up hole: 54 m diss, semi-massive to
YE29-553044           799                               massive, assays results are pending
Yepleu sector 2
                                          490 to 495 m: diss and semi-massive, 607 to 613 m
YE29-713721         924.3                          disseminated, assays results are pending
Yepleu sector 3
YE45-348721        579.30   technical problem, stopped at 579 m, redrilled with YE45-348726
YE45-348726       current              currently at 785 m, should reach 1,200 m final depth
                                                                                                            

"Sama's newly discovered mineralization at 600 m depth at Yepleu sector 1 within the Yacouba intrusive complex (dated as the same age as the Bushveld complex in RSA (2.1 Ga) which hosts the large nickel-palladium Platreef deposit) is further evidence that the Yacouba intrusion system has the potential to host a significant amount of high-grade nickel-copper-cobalt-palladium mineralization in reservoirs and pods that are yet to be discovered," stated Dr. Marc-Antoine Audet, president and chief executive officer of Sama.

Dr. Audet added: "Sama has outlined a 66 km strike length for the Yacouba intrusive complex. The Yepleu area appears to be the centre of the intrusion from where it seems to have radiated in all directions. This observation suggests that the Yepleu area is as proximal as we can get to the magmatic hot spot."

Additionally, the company is beginning phase 2 of the Typhoon electromagnetic geophysical survey at Yepleu. A total of five new sectors at Yepleu and one sector at the Grata licence will be covered by the second Typhoon phase. The company is exploring the Yepleu project through a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder.

Sama now has access to a larger area than in 2018 and will proceed with Typhoon surveys at loop five to 10 in the coming months. Although mineralization that is being discovered at sectors 1 to 3 is proof that the original HTEM targets were legitimate, areas that will be covered with Typhoon surveys at loops eight, nine and 10 have much larger size potential.

About Sama Resources Inc.

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

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

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