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Sama Resources Inc
Symbol SME
Shares Issued 216,556,660
Close 2021-06-16 C$ 0.17
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Sama Resources acquires 370 claims at Lac Brule

2021-06-16 07:44 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA RESOURCES ACQUIRES 370 EXPLORATION CLAIMS FOLLOWING THE DISCOVERY OF A MINERALISED GOSSAN AT THE NEW LAC BRULE NICKEL-COPPER PROJECT IN THE PROVINCE OF QUEBEC, CANADA

Sama Resources Inc. has acquired a total of 370 explorations claims in the Outaouais region in the province of Quebec following the discovery at surface of a mineralized gossan at the 100-per-cent-owned new project called the Lac Brule nickel-copper project (Gossans are highly ferruginous rock, which is the product of the oxidation by weathering and leaching of a sulphide body: Elsevier Mineral Exploration 2013). The gossan is exposed at surface over a strike length of 115 metres and is part of a larger meta-gabbro/ultramafic unit that can be traced over more than 430 m of strike and 200 m of width.

"This striking new discovery in the province of Quebec is opening up a new chapter for Sama by showing our ability to discover new base metal districts in virgin territory," said Dr. Marc-Antoine Audet, chief executive officer of Sama Resources. Dr. Audet continued by saying that: "Gossans of this type usually return low nickel and copper values due to the intense surface leaching of the sulphide body. Results of up to 0.52 per cent Ni and 0.58 per cent Cu with the hand-held portable XRF is therefore very significant. Assays of nine samples collected from the gossan report very high scandium tenors ranging between 1.25 and 1.49 ounces per ton. These very elevated scandium values are indicative of a gossan derived from sulphide accumulations within a meta-ultramafic system. Scandium of such high tenor reported with nickel and copper sulphide mineralization is one of a first, if not the first, reported occurrence in the province of Quebec."

Similar types of surface gossan can be indicative of nickel and copper mineralization at depth, as was the case for the discovery of the Voisey's Bay Ni-Cu deposit in 1995 and the Lac Renzy Ni-Cu deposit in the 1950s.

In April and May, 2021, the company launched the Lac Brule Ni-Cu project with the acquisition of a total of 370 exploration claims in the Nivernais and Esgriseilles townships located within a five-hour drive north of Montreal. Dr. Audet became aware of the potential of the entire area following his compilation for base metals of the province of Quebec performed in the late 1980s while working for Falconbridge. On the eastern edge of the large deformation pattern outlined by regional airborne magnetic data is the small Renzy Ni-Cu mine. The Renzy Ni-Cu mine operated from 1969 to 1972, selling Ni and Cu concentrate to Falconbridge in Sudbury, Ont.

Using data available on GESTIM (the Province of Quebec's exploration and mining public database), showing an excellent combination of magnetic and gravity responses and, more importantly, Sama's own base metal index, Sama staked the entire potential area.

During the initial field investigation, aimed at validating Sama's base metal index, the company discovered a new gossan and its meta-gabbro/ultramafic host. The gossan was discovered exactly at the location predicted by the index.

A 700-line-kilometre magnetometer and radiometric drone survey will be performed shortly over the prime area for exploration and will be conducted by the Montreal-based Helios UAV (unmanned aerial vehicle). The company is targeting possible accumulations of Ni and Cu mineralization at depth that could be of similar nature to the nearby Renzy mine Ni-Cu mineralization and to other well-known Ni-Cu deposits in Quebec and Labrador.

Assaying for the nine samples was performed by Activation Laboratories Inc. (Actlab) in Ancaster, Ont., Canada. Samples were analyzed using fire assay finish ICP-OES (inductively coupled plasma optical emission spectroscopy) for gold and INAA (instrumental neutron activation analysis)/total digestion finish ICP-OES for the other elements.

About Sama Resources Inc.

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

In Ivory Coast only, Sama has a strategic partnership to develop the Samapleu-Yepleu nickel-copper-palladium project with Ivanhoe Electric (previously HPX) in which entrepreneur Robert Friedland is a significant stakeholder.

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