Sama Resources Intersects 4.4 Meters Averaging 1.13% Nickel at the Newly Discovered Yepleu Deposit
January 14 2014 - 6:00AM
Marketwired Canada
Sama Resources Inc./Ressources Sama Inc. ("Sama" or the "Company") (TSX
VENTURE:SME) is pleased to announce the assay results from six holes drilled at
the .newly discovered "Yepleu" nickel-copper deposit in Cote d'Ivoire, West
Africa. Drill hole YE32-418407A intersected 22 metres ("m") grading 0.42% nickel
("Ni"), 0.23% copper ("Cu"). The mineralized interval includes several
semi-massive high grade sulphide lenses for a total of 4.4m averaging 1.13% Ni.
The Yepleu Project is located 18 kilometers ("km") southwest of the Samapleu
nickel-copper-palladium deposits at the southwest boundary of the Samapleu
Project in Cote d'Ivoire, West Africa. A total of 16 core boreholes were drilled
since the beginning of November 2013 defining a sub-horizontal mineralized
horizon of 2.8km long by 600 to 800m large and outcropping at northeastern edge.
Sama's target is to find pocket of high grade nickel-copper and palladium within
this very large mineralized system.
Detailed geophysical interpretation of the airborne HTEM Survey has identified
more than 20 high priority targets for nickel-copper-palladium exploration.
Strong HTEM survey conductors were identified at depth at the Samapleu Main and
Samapleu Extension 1 nickel-copper-palladium deposits as well as along a
corridor of more than 25 km oriented northeast-southwest. The Yepleu Project is
just one of them.
The HTEM Survey clearly demonstrates the discovery potential for additional
nickel-copper sulphide deposits within Sama's properties.
The table set out below shows the details for mineralized intercepts. Intercepts
were defined using 0.1% nickel cut-off grades.
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HOLE-ID FROM TO LENGTH Nickel Copper Cobalt Platinum Palladium
m m m % % % gpt gpt
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YE23-580042 40.15 52.65 11.48 0.46 0.34 0.02 0.14 0.04
66.05 72.30 6.25 0.23 0.21 0.01 0.12 0.06
YE23-580037 37.00 51.50 14.50 0.46 0.27 0.02 0.14 0.06
Including 0.80 1.20 0.82 0.04 0.19 0.02
66.00 72.00 6.00 0.22 0.22 0.01 0.08 0.03
YE32-418407A 8.00 23.45 15.45 0.17 0.06 0.01 0.07 0.03
Including 0.20 1.52 0.13 0.07 0.41 0.00
26.15 48.00 21.85 0.42 0.23 0.02 0.12 0.03
Including 0.60 1.20 0.16 0.06 0.41 0.02
Including 1.15 1.19 0.10 0.07 0.18 0.01
Including 2.45 1.06 0.24 0.05 0.30 0.02
YE32-418407B 3.00 36.05 33.05 0.28 0.15 0.02 0.12 0.04
Including 0.85 1.14 0.51 0.07 0.20 0.04
Including 0.80 1.04 1.02 0.06 0.19 0.01
Including 0.35 1.16 1.45 0.06 0.28 0.68
YE32-418407C 3.00 34.00 31.00 0.24 0.16 0.01 0.11 0.04
Including 0.55 1.56 0.92 0.07 0.25 0.10
Including 0.55 1.12 0.19 0.06 0.20 0.00
Including 0.55 1.30 1.12 0.06 0.19 0.00
YE32-390423 6.00 16.20 10.20 0.24 0.11 0.02 0.12 0.14
21.50 53.50 30.60 0.26 0.13 0.02 0.08 0.05
Including 0.30 1.15 0.26 0.06 0.28 0.01
Including 1.00 1.00 0.19 0.05 0.14 0.01
57.00 59.00 2.00 0.44 0.17 0.03 0.07 0.01
Including 0.20 1.57 0.33 0.07 0.25 0.01
63.50 65.00 1.50 0.17 0.21 0.01 0.03 0.00
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The disseminated mineralization is typically characterised by fine isolated
grains to large granular aggregates of nickel, copper and iron sulphides.
Sulphide phases observed so far include pyrrhotite, chalcopyrite, pentlandite
and minor pyrite. Pentlandite occurs as inclusions in pyrrhotite. Disseminated
sulphide occurs as fine grains of 0.5 to 1 millimetre in diameter, showing a
high ratio of pyrrhotite versus chalcopyrite. Sulphide veinlets and fine
filaments are also present. Composite grains of sulphide material are dominant,
forming sulphide masses of odd shapes ranging from a few millimetres up to
several centimetres in any one dimension. The semi-massive mineralization lenses
show between 30% to 70% sulphide minerals.
Drilling continues at the Yepleu Project using Sama's 100% owned Coretech CSD
1300G drill rigs.
Core logging and sampling was performed at Sama's facility in Yorodougou
village. Sample preparations for the nickel-copper sulphide exploration program
were performed at Societe de Developpement de Gouessesso's sample preparation
facility in Gouessesso village under Sama's supervision. Sample pulps will be
delivered to Bureau Veritas Mineral Laboratory's facility in Abidjan ("BVML")
for dispatch by BVML directly to their assay laboratory, Ultra Trace Pty, in
Perth, Australia. All samples will be assayed for Ni, Cu, Co, Pt, Pd and Au.
The technical information in this release has been reviewed and approved by Dr.
Marc-Antoine Audet, P.Geo and President and CEO of Sama, and a 'qualified
person', as defined by National Instrument 43-101, Standards of Disclosure for
Mineral Projects.
For more details, the reader is invited to review Sama's updated compilation on
its website at:
http://www.samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: Certain of the statements made and information
contained herein are "forward-looking statements" within the meaning of Canadian
securities legislation or "forward-looking information" within the meaning of
the Ontario Securities Act and the Securities Act (British Columbia). This
includes statements concerning the Company's plans at its mineral properties,
which involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company, or
industry results, to vary or be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements or forward-looking information. Information regarding drilling
results may also be deemed to be forward-looking statements or forward-looking
information in that they reflect a prediction of what may be found to be present
when and if a project is actually developed.
Forward-looking statements and forward-looking information are subject to a
variety of risks and uncertainties which could cause actual events or results to
differ from those reflected in the forward-looking statements or forward-looking
information, including, without limitation, the availability of financing for
activities, risks and uncertainties relating to the interpretation of drill
results and the estimation of mineral resources and reserves, the geology, grade
and continuity of mineral deposits, the possibility that future exploration,
development or mining results will not be consistent with the Company's
expectations, metal price fluctuations, environmental and regulatory
requirements, availability of permits, escalating costs of remediation and
mitigation, risk of title loss, the effects of accidents, equipment breakdowns,
labour disputes or other unanticipated difficulties with or interruptions in
exploration or development, the potential for delays in exploration or
development activities, the inherent uncertainty of cost estimates and the
potential for unexpected costs and expenses, commodity price fluctuations,
currency fluctuations, expectations and beliefs of management and other risks
and uncertainties.
In addition, forward-looking statements and forward-looking information are
based on various assumptions. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward-looking
information or forward-looking statements. Accordingly, readers are advised not
to place undue reliance on forward-looking statements or forward-looking
information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward-looking
statements or forward-looking information, whether as a result of new
information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sama Resources Inc/Ressources Sama Inc.
Dr. Marc-Antoine Audet
President and CEO
(514) 726-4158
Sama Resources Inc/Ressources Sama Inc.
Mr. Matt Johnston
(604) 443-3835 or Toll Free: 1 (877) 792-6688, Ext. 4
www.samaresources.com
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