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Sama Resources Inc
Symbol SME
Shares Issued 218,367,940
Close 2021-11-02 C$ 0.135
Market Cap C$ 29,479,672
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Sama completes aerial vehicle survey at Lac Brule

2021-11-02 10:52 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA RESOURCES QUEBEC COMPLETED A 609 LINE-KM UAV MAGNETIC-RADIOMETRIC SURVEY AT THE LAC BRULE NICKEL-COPPER PROJECT IN THE PROVINCE OF QUEBEC AND LAUNCHES A 1,444 LINE-KM HELITEM2 SURVEY

Sama Resources Quebec Inc., a fully owned subsidiary of Sama Resource Inc., has completed and interpreted an unmanned aerial vehicle (UAV) magnetic and radiometric survey of 609 line kilometres over the core of the new Lac Brule nickel-copper property and including the gossan discovered in May, 2021 (gossans are highly ferruginous rock which is the product of the oxidation by weathering and leaching of a sulphide body: Elsevier Mineral Exploration, 2013).

As a part of the continuing exploration program, SRQ commissioned Helios UAV to complete a high-resolution magnetic and radiometric survey over the Lac Brule property, located 290 km northwest of Montreal, Que., Canada, and easily accessible by roads. The UAV survey took place from July 14 through Aug. 3, 2021, and included the acquisition of 609 line km of magnetic data and of 335 line km of radiometric data. Interpretation was performed by M. Joel Simard, PGeol/Geoph, based in St-Donat, Que., Canada.

No historical prospecting or ground exploration had been reported from the Lac Brule area prior to SRQ. However, government regional magnetic and gravity maps covering the area, as part of coverage of the entire Quebec province, as well as data from stream and lake sediment sampling programs covering the entire province, are available on the SIGEOM website.

The past-producing Renzi nickel-copper mine is the closest mining activity with historical information available. The Renzi mine is located 48 km east-southeast of the Lac Brule property. The company is targeting possible accumulations of Ni and Cu mineralization at Lac Brule that could be of similar nature to that at the Renzy mine and at other well-known Ni-Cu deposits in Quebec and Labrador.

Geophysical program

The UAV magnetic survey covered the east-central part of the Lac Brule property with north-south-oriented lines at 100-metre spacing for a total of 609 line km. The aim was to use the survey to assist with structural and geological mapping, and in particular to delineate the mafic/ultramafic units that host mineralization at the gossan.

The survey maps show a high density of strong magnetic anomalies that are interpreted as the signature of mafic and ultramafic formations. The gossan zone is situated in the vicinity of these anomalies, emphasizing the favourable environment for base metals mineralization.

The discovery zone, where the gossans have been identified, is situated in the vicinity of strong magnetic anomalies in the south-central part of the block that was flown. This gossan zone lies along a localized northwest- to north-northwest-trending discontinuity (fault) where the magnetic units appear locally demagnetized. Demagnetization is potentially indicative of alteration caused by the upwelling of hydrothermal fluids along the fault. This structural control may emphasize other favourable locations to search for precious and base metals mineralization.

The delineation of linear discontinuities over the survey area was achieved by using a program from the Centre for Exploration Targeting (CET), a joint initiative between Curtin University and the University of Western Australia. The CET method enhances discontinuities within aeromagnetic data sets that usually correspond with, and can reveal, lithological boundaries, faults and dikes/intrusions critical to understanding the geology of an area.

The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, PGeo, and president and chief executive officer of Sama, and a qualified person, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Sama Resources Inc.

Sama is a Canadian-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) of which mining entrepreneur Robert Friedland is a significant stakeholder.

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