Sama Resources Announces Up to 92.9% Graphite Concentrate Purity on Initial Metallurgical Testing at the Lola Graphite Deposi...
July 08 2014 - 7:00AM
Marketwired Canada
Sama Resources Inc./Ressources Sama Inc. ("Sama" or the "Company") (TSX
VENTURE:SME) is pleased to announce that the first metallurgical test performed
at Activation Laboratories Ltd., Thunder Bay, Canada ("ActLab") has returned
high quality Graphite concentrate with up to 96% graphite recovery. This
metallurgical test is the first of a series of proposed laboratory tests in
order to define the grade and recovery of the final graphite concentrate.
The maiden test was performed on the two prominent mineralised facies of the
deposit: the oxide material (first 20 meters ("m") from surface of totally to
partially weathered material (saprolite)) and the underlying non-oxide material
(below 20m).
The maiden metallurgical batch test on the oxide material returned a recovery to
rougher concentrate of 96% of graphite flakes, producing a final table graphite
concentrate having 60% of jumbo and large size flakes showing 92.9% and 90%
graphite content respectively. Table 1 summarizes the findings.
Furthermore, the obtained concentrate was analysed for a series of elements to
check for any possible contaminants, the assay data in Table 2 shows that the
concentrates contained very low levels of minor elements.
"We are pleased with these impressive results from the initial test. It is a
clear indication of the very high potential of the Lola Graphite
mineralization," commented Dr. Marc-Antoine Audet, President and CEO of Sama. "A
series of additional tests are planned in order to refine and further improve
the already excellent recovery and grade of the graphite concentrate," Dr. Audet
added.
Sama will continue to define and develop the Lola Graphite project on its own,
however it is currently pursuing discussions for a partnership with known
graphite developers and producers in order to accelerate the path to production.
Sama has launched a 4,000m drilling program designed to establish the mineral
resources within the oxide material with its two 100% owned Jacro drill rigs.
Table 1: Metallurgical results of the maiden test at ActLab
on the oxide and non-oxide mineralised material at the
Lola Graphite deposit.
-----------------------------------------------------------
Oxide material
-----------------------------------------------------------
Flake Size Distribution % Graphite Content, %Cg
-----------------------------------------------------------
+50 mesh (jumbo) 29.2% 92.9%
-----------------------------------------------------------
+80 mesh (large) 30.8% 90.0%
-----------------------------------------------------------
+150 mesh 17.9% 80.4%
-----------------------------------------------------------
-150 mesh 22.2% 71.0%
-----------------------------------------------------------
-----------------------------------------------------------
Non-Oxide material
-----------------------------------------------------------
Flake Size Distribution % Graphite Content %Cg
-----------------------------------------------------------
+50 mesh (jumbo) 20.4% 89.4%
-----------------------------------------------------------
+80 mesh (large) 25.6% 84.7%
-----------------------------------------------------------
+150 mesh 22.7% 76.0%
-----------------------------------------------------------
-150 mesh 31.3% 73.9%
-----------------------------------------------------------
Table 2: Trace element analysis of the produced table graphite concentrate:
ppm: part per million
----------------------------------------------------------------------------
Element
Material/ Chromium Cobalt Copper Lead Molybdenum Nickel Vanadium Zinc
Fraction ppm ppm ppm ppm ppm ppm ppm ppm
----------------------------------------------------------------------------
Oxide material
----------------
+50 mesh (Jumbo) 20 6.4 52 2.54 1.63 10.5 2.7 11
+80 mesh (large) 32 9.8 81 4 2.97 17.9 1.6 17
+150 mesh 49 12.3 118 6.24 4.33 32.4 8 24
-150 mesh 62 13.8 140 7.25 6.05 40.4 1.3 27
Non-oxide
material
----------------
+50 mesh (Jumbo) 69 5.28 77 9.11 16.6 55.2 46.2 74
+80 mesh (large) 85 15.2 125 8.64 44 88.5 4.9 114
+150 mesh 76 19.3 218 17.7 126 106 22.4 127
-150 mesh 60 21 596 22.9 198 122 11 153
----------------------------------------------------------------------------
The Graphite Project is 100% owned by Sama Resources Guinea SARL, a fully owned
subsidiary of the Company. The Graphite Project is located near the town of Lola
in eastern Guinea and within 50 km from the border with Cote d'Ivoire.
Additional details for the Lola Graphite project can be viewed in the Sama's
updated compilation at:
http://www.samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf
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 by Dr. Phillip
Mackey, P.Eng., a metallurgical consultant, both acting as qualified persons as
defined by NI 43-101 Standards of Disclosure for Mineral Projects.
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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