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Enter Symbol
or Name
USA
CA



Sama Resources Inc
Symbol SME
Shares Issued 216,341,410
Close 2020-01-29 C$ 0.235
Market Cap C$ 50,840,231
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Sama drills 4.6 m of 1.98% Ni, 0.92% Cu at Samapleu

2020-01-29 07:05 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA INTERSECTS 4.6 METERS OF MASSIVE SULPHIDE GRADING 1.98% NICKEL, 0.92% COPPER AND 2.54 GPT PALLADIUM IN FIRST TYPHOON TARGET AT SAMAPLEU

Sama Resources Inc.'s first drill hole of the 2020 campaign (hole: SM2020-1), aiming at a shallow target defined from HPX TechCo Inc.'s proprietary Typhoon electromagnetic geophysical survey performed at the Samapleu deposit, has returned 53 metres grading 0.43 per cent nickel, 0.30 per cent copper and 0.52 gram per tonne (g/t) palladium, including 4.6 m grading 1.98 per cent Ni, 0.92 per cent Cu and 2.54 g/t Pd. SM2020-1 was drilled 200 m southwest of the current mineral resources, hence extending the mineralized trend at the deposit. A second drill rig is currently set to test the 700 m deep Typhoon target at Samapleu.

The mineralization encountered in hole SM2020-1 is characterized by aggregates of the nickel, copper and iron sulphide 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/accumulations. The textures of the sulphide mineralization vary from disseminated to semi-massive and massive (greater than 80 per cent of sulphide material).

The 2020 Typhoon program will resume in February and will follow the schedule as indicated in an image on the company's website. Detailed interpretation of the several Typhoon targets performed at the Yepleu deposit (25 kilometres southwest of Samapleu) continues as planned.

Readers are invited to view the updated corporate presentation showing results from the 2019 Typhoon geophysical program.

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 Cote d'Ivoire 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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