19:45:02 EST Sat 22 Jan 2022
Enter Symbol
or Name
USA
CA



Sama Resources Inc
Symbol SME
Shares Issued 216,466,410
Close 2020-12-16 C$ 0.115
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Sama completes EM surveys at Yacouba holes

2020-12-16 08:01 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA RESOURCES EXPLORATION UPDATE

Sama Resources Inc. has completed downhole electromagnetic (EM) surveys (DHTEM) in a deep drill hole at the Yepleu target zone and in a deep drill hole at the Bounta target zone. The holes at Yepleu and Bounta were drilled in the early months of 2020, with both zones part of the large Yacouba ultramafic-mafic intrusive complex discovered by Sama in 2010. The DHTEM surveys used HPX TechCo Inc.'s proprietary Typhoon electromagnetic geophysical transmitter, maximizing power transmission for higher resolution at depth. The company has identified the highest conductivity target recorded to date (20,000 conductivity thickness (CT)) and it will be the No. 1 priority in early 2021 for confirmation drilling.

"Following up on the excellent DHTEM results at Yepleu is the joint HPX-Sama team primary focus on the restart of work in early 2021," stated Dr. Marc-Antoine Audet, president, chief executive officer and director of Sama Resources.

Stock options

Pursuant to its stock option plan and subject to regulatory acceptance, the company has granted an aggregate total of 1,885,000 incentive stock options to certain officers, employees and consultants, subject to certain vesting provisions. These options will be exercisable at a price of 11.5 cents per common share and will expire on Dec. 14, 2030.

About Sama Resources Inc.

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

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