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Sama Resources Inc
Symbol SME
Shares Issued 191,241,410
Close 2019-04-23 C$ 0.345
Market Cap C$ 65,978,286
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Sama Resources drills 30 m of sulphides at Yepleu

2019-04-23 07:13 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA INTERSECTS 30 METERS OF DISSEMINATED, SEMI-MASSIVE AND MASSIVE SULPHIDES AT YEPLEU

Borehole YE22-225440 drilled at Sama Resources Inc.'s Yepleu sector 1 intersected 30 metres of disseminated to semi-massive and massive sulphide, including 1.7 m of massive sulphides (greater than 70 per cent sulphide).

An image on the company's website illustrates the results of the geophysical system called Mise-a-la-Masse at the Yepleu sector 1 prospect together with the trace projections for the three holes drilled to date. Assays results for boreholes YE29-553044 and YE22-225440 are still pending.

"We are very pleased with the new discovery at Yepleu sector 1 confirming the high potential of the entire Yacouba layered complex. The complex extends over more than 50 kilometres within Sama's land package. This new discovery comes as a validation of the 2018 helicopter TEM (HTEM) survey combined with the high correlation with the Typhoon results," stated Dr. Marc-Antoine Audet, president and chief executive officer of Sama. Dr. Audet added, "The company will add additional targets identified with the ongoing phase 2 of the Typhoon program at Yepleu."

Sama has intersected nickel sulphide mineralization in each of the five holes drilled to date at Yepleu at the exact location predicted by the Typhoon electromagnetic geophysical survey phase 1 survey of last year. This success prompted Sama to prioritize completing the Typhoon phase 2 program over the most prominent HTEM (helicopter-borne time domain electromagnetic) targets at the Yepleu and Grata sectors. An image on the company's website below shows the HTEM survey results, with the warm colour contours showing the conductivity intensity. The warmer the colour, the higher the conductivity. So far, Sama has only followed up three HTEM targets with the Typhoon phase 1 survey conducted last year, with many other targets to explore. Three specific sectors were identified for the current drilling program: sectors 1, 2 and 3.

The company has extended the road network on the properties and therefore Sama now has access to a larger area to proceed with Typhoon surveys at loops 6 to 10 in the coming months. Targets that will be covered with the Typhoon phase 2 survey appear to have a much larger size potential than those covered in the phase 1.

Abitibi Geophysics Inc. from Val d'Or, Que., will perform borehole time domain electromagnetic surveys (borehole TDEM) on deep holes at Yepleu sectors 1, 2 and 3.

The mineralization encountered at Yepleu sector 1 is characterized by aggregates of the nickel, copper and iron sulphides pentlandite, chalcopyrite and pyrrhotite, respectively. Pentlandite occurs together with pyrrhotite, while the chalcopyrite is either mixed with the pentlandite and pyrrhotite or occurs as late millimetric to centimetric sulphide veins crosscutting the pentlandite and pyrrhotite. The textures of the sulphide mineralization vary from disseminated to semi-massive and massive (greater than 70 per cent of sulphide material).

The above macroscopic description is further confirmed from a detailed mineralogical investigation performed at the University of Franche Conte, France, whereby the dominant mineralization is pyrrhotite-chalcopyrite-magnetite-plus/minus-chromite-pentlandite and pyrite. Many inclusions of bismutho-tellurides of palladium (Pd) and bismuth (Bi) (merenskyite and kotulskite) are observed together with silver telluride.

                                 2019 YEPLEU DRILLING PROGRAM
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
YE29-553044           799      54 m diss, semi-massive to massive, assays results are pending
YE22-225440           684      30 m diss, semi-massive to massive, assays results are pending
Yepleu sector 2
                                                     490-495 m: diss and semi-massive, 607 to
YE29-713721         924.3                      613 m disseminated, assays results are pending
Yepleu sector 3
YE45-348721        579.30     technical problem, stopped at 579 m, redrilled with YE45-348726
YE45-348726       1,101.4              842 to 860 m: disseminated and few semi-massive lenses

About Sama Resources Inc.

Sama is a Canada-based mineral exploration and development company with projects in West Africa. On Oct. 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Cote d'Ivoire nickel-copper and cobalt project in Ivory Coast, West Africa.

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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