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Sama Resources Inc
Symbol SME
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Close 2019-03-11 C$ 0.285
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Sama Resources adds second drill rig to Yepleu drilling

2019-03-12 07:16 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA REPORTS RESULTS OF DOWNHOLE GEOPHYSICAL SURVEY AT THE FIRST DEEP HOLE AT THE YEPLEU PROJECT

Sama Resources Inc. has provided results from a downhole geophysical survey performed on the first deep drill hole at the 100-per-cent-owned Yepleu nickel-copper-cobalt-palladium project in Ivory Coast, West Africa.

In the first week of March, 2019, the company conducted a downhole geophysical survey at the first deep hole drilled in December, 2018 (YE29-556043). The survey used a geophysical system called Mise-a-la-Masse to follow up on the mineralized intersection announced Feb. 14, 2019. The Mise-a-la-Masse method injects an electric current into a mineralized zone intersected by drilling. It aims to assist in delineating the mineralized zone and is based on mapping the distribution of electric potential lines measured on the surface or in boreholes. SAGAX Africa SA based in Ouagadougou, Burkina Faso, completed the survey.

Results from the Mise-a-la-Masse survey match precisely with the initial Typhoon electromagnetic geophysical survey interpretation in terms of size and location of the conductive target.

In order to quickly test the combined Typhoon/Mise-a-la-Masse targets, Capital Drilling will mobilize a second drill rig to complement the one on the current 6,000-metre drilling program designed to test high-conductivity targets defined by phase 1 of the Typhoon survey. The drilling program is targeting semi-massive and massive polymetallic sulphide anomalies located between 600 m and 900 m from surface.

The first deep drill hole (YE29-556043) intersected semi-massive sulphide mineralization with a combined 5.2-metre intersection grading 1.16 per cent nickel, 0.62 per cent copper, 0.24 gram per tonne (g/t) palladium and 0.21 g/t platinum (using a cut-off-grade of 0.8 per cent nickel) within a larger interval of 37 m of disseminated sulphide mineralization grading 0.41 per cent nickel, 0.31 per cent copper, 0.23 g/t palladium and 0.17 g/t platinum. The mineralization encountered in the hole 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 late millimetric to centimetric sulphide veins crosscutting the pentlandite and pyrrhotite. Contacts between the semi-massive sulphides and the mineralized pyroxenite and gabbroic host rocks are irregular but sharp and often show brecciated textures. This indicates that these sulphide lenses have intruded the host rocks and originated from a source that is yet to be discovered.

The first drill rig continues progressing on hole YE45-348726 aimed at testing an electromagnetic response located 3.1-kilometre southwest from hole YE29-556043. The Typhoon response begins at approximately 750 m from surface, with a core at 950 m, and appears to be open at depth.

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 TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Ivory Coast nickel-copper and cobalt project in Ivory Coast, West Africa.

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.

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