22:15:30 EST Thu 27 Jan 2022
Enter Symbol
or Name

Sama Resources Inc
Symbol SME
Shares Issued 216,516,410
Close 2021-04-09 C$ 0.18
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Sama sends core rigs to Samapleu, Yepleu

2021-04-12 13:01 ET - News Release

Dr. Marc-Antoine Audet reports


Sama Resources Inc. has mobilized two core rigs to the Samapleu and Yepleu prospects as part of its work program for Q1 and Q2 of 2021. The company confirms excellent results using HPX TechCo Inc.'s proprietary Typhoon system at Samapleu and Yepleu from downhole electromagnetic surveys completed in November, 2020.

"We are pleased to begin this 5,000 m drill program testing highly prospective targets at both Samapleu and Yepleu identified by the Typhoon system," stated Dr. Marc-Antoine Audet, president, chief executive officer and director of Sama Resources. "We are gaining a greater understanding of the entire Yacouba magmatic system through additional academic research performed in the last six months."

At Samapleu, the company is searching for massive sulphide veins and lenses that could have accumulated in traps and embayments at depth along the feeder system of the large Yacouba intrusive complex. At Yepleu, Sama is searching for the same types of accumulations as at Samapleu but within a more dynamic magmatic system. Yepleu is considered to be the centre of the intrusive feeder system with evidence of multiple magma injections generating a large volume of host rock assimilation.

The company has very good targets at both locations defined from last November's Typhoon downhole electromagnetic surveys. According to Sama's partner, HPX, these targets are showing the strongest conductivity thickness observed to date at the project. The project areas also include more than 20 additional and highly prospective areas as defined by the 2013 and 2018 helicopter electromagnetic survey over a strike length of 50 kilometres.

Readers are invited to view the updated corporate presentation showing exploration progress proposal for H1 2021.

The company owns three of its own drill rigs that will be used to complete the Q1 and Q2 2021 diamond drilling campaign.

About Sama Resources Inc.

Sama is a Canadian-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, 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-palladium project in Ivory Coast, West Africa.

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