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or Name

Sama Resources Inc
Symbol SME
Shares Issued 216,556,660
Close 2021-05-11 C$ 0.17
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Sama drills 9.3 m of 2.68% Ni, 1.47% Cu at Samapleu

2021-05-12 07:09 ET - News Release

Dr. Marc-Antoine Audet reports


Sama Resources Inc. has released preliminary results from the first hole of the current 5,000-metre drilling program at the Samapleu deposit and Yepleu prospect. The company has intersected a near-surface high-grade mineralized zone at Samapleu Main of 9.30 metres grading 2.68 per cent nickel and 1.47 per cent copper within a larger 81.35 m mineralized intersect grading 0.50 per cent Ni and 0.39 per cent Cu in hole SM44-454265. Assays for platinum, palladium and gold are pending.

True widths are not known at this time. However, according to Sama's geological model, the hole was planned to intersect mineralization as perpendicular as possible to the general strike and dip.

Individual assays of up to 4.73 per cent Ni and 3.81 per cent Cu were obtained.

Hole ID                       From   Length    Ni    Cu    Co      Pt    Pd     Au
                               (m)      (m)   (%)   (%)   (%)   (g/t) (g/t)  (g/t)

Samapleu Main
SM44-454256                  16.05    81.35  0.50  0.39  0.02       assays pending
                             107.5     4.20  0.65  0.62  0.03       assays pending
including (COG: 0.30% Ni)              9.70  2.59  1.44  0.10       assays pending
                                       2.55  0.90  0.72  0.04       assays pending
including (COG: 1.0% Ni)               1.30  1.93  1.79  0.08       assays pending
                                       5.75  3.73  1.71  0.14       assays pending
                                       0.35  1.57  0.41  0.06       assays pending
                                       0.30  4.19  3.69  0.17       assays pending

Assays results for SM44-454256 using 0.1-per-cent nickel cut-off grade (COG) as well as 0.30 per cent Ni and 1.0 per cent Ni COG

"This high-grade near-surface mineralization at Samapleu Main shows the quality of this deposit. Superior metallurgical testing results have been returned from this type of material over the years and speaks to the possibility of Samapleu Main and Extension being a stand-alone open-pit mine," stated Dr. Marc-Antoine Audet, president and chief executive officer of Sama Resources.

At the Samapleu Main deposit, the intersected mineralization 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 millimetric to centimetric sulphide veins/accumulations. The textures of the sulphide mineralization vary from disseminated to semi-massive and massive. Massive mineralization shows sharp contacts with the mineralized host.

The company is searching for massive sulphide veins and lenses at Samapleu that could have accumulated in traps and embayments at depth along the feeder system of the large Yacouba intrusive complex.

Yepleu update

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 identified high-quality targets at both locations from the past November's Typhoon DHTEM surveys. According to its partner, High Power Exploration, these targets are showing the strongest conductivity thickness (CT) measurements observed to date at the project. A minimum of four holes are planned testing three strong DHTEM targets along a mineralized trend of more than 4,500 m of strike length. The mineralized horizon starts near surface, reaches a depth of more than 850 m toward the south-southwest and appears to remain open. The very strong conductive target at 850 m depth (20,000 CT) remains untested. Other very strong DHTEM targets (10,000 CT and 11,000 CT) are subject to the current drilling program.

Additional DHTEM surveys will be performed on every hole drilled as a routine procedure and as a very effective exploration tool on so-called near-miss intersections.

Core logging and sampling were performed at Sama's facility at the Samapleu and Yepleu field facilities. Sample preparation was conducted at the Bureau Veritas's mineral laboratory facility in Abidjan. Sample pulps were delivered to Activation Laboratories Ltd., Ancaster and Thunder Bay, Canada, for assaying.

All samples were assayed for nickel, copper, cobalt, platinum, palladium, gold, iron and sulphur.

About 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.

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