Sama Resources Inc.
TSX VENTURE : SME

Sama Resources Inc.

June 20, 2011 07:00 ET

Sama Resources Announces New Intersections from Drilling at its Samapleu Poly-metallic Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2011) - Sama Resources Inc.(TSX VENTURE:SME) -

Highlights:

  • A total of 30 holes for 4,589 metres have been drilled since March 2011.
  • Assays results for 7 of the 30 holes have been received so far.
  • Mineralized zone of 9.0 metres grading 1.01% nickel and 0.86% copper.
  • Detailed drilling at the newly discovered Samapleu Extension 1 has started.
  • 17 additional holes to be reported in the coming weeks.

Sama Resources Inc. ("Sama" or the "Company") is pleased to announce assay results for the first 7 of 30 holes drilled since March 2011 at the Company's "Samapleu Project" in Côte d'Ivoire, Africa.

"We are very excited about the excellent nickel and copper grades being returned over good widths in this drilling program. These results, together with the excellent regional potential of the entire property including: Samapleu Extension 1, Gangbapleu-Bounta ridge and the high-grade nickel-cobalt Sipilou South laterite deposit, further enhance Sama's objective of developing a world-class opportunity at its Samapleau Project," stated Dr. Marc-Antoine Audet, President and CEO.

A total of 30 holes totaling 4,589 metres ("m") were drilled during March, April and May 2011 at the Samapleu Main deposit. However, due to post-election tension prevailing in Abidjan at that time, samples for the first 24 holes were sent for assay at the beginning of May. To date, assay results for 7 holes have been received and complete results for the remaining 17 holes should be available shortly. Definition drilling on a 50 m by 25 m pattern has been completed at the Samapleu Main deposit.

Readers are invited to visit Sama's website at www.samaresources.com for a complete update on Sama's current drilling campaign including all mineral intercepts for which we are awaiting results.

The following tables summarize mineral intercepts at the Samapleu Main Poly-metallic deposit and the few holes that have been drilled to date at the newly discovered Samapleu Extension 1 deposit. Mineralization starts near surface. Combined mineral intercepts were defined using 0.20% nickel ("Ni") cut-off-grades.

Drill rigs are now working at the newly discovered Samapleu Extension 1 located 1.3 kilometres ("km") north of the Main deposit. Several new excellent regional targets have been identified and will also be drilled in the coming weeks, including targets along the 19-km long Gangbapleu-Bounta ridge that hosts up to 11 newly identified mafic to ultramafic bodies, each with the potential of hosting mineralization. Ground magnetometre and induced polarization geophysics ("IP") surveys performed in January 2011 over the northeast end of the ridge have returned strong chargeability signatures similar to what has been observed at the Samapleu and Samapleu Extension 1 deposits. Preparation of drilling pads is ongoing at the ridge.

In addition to the Samapleu sulphide nickel deposits, Sama's license also hosts a laterite-cobalt-Ni-scandium deposit called Sipilou South, which is located 5 km northwest of the Samapleu Project. A total of 22 holes were drilled in February 2011, with intercepts including: 13.7 m at 2.5% Ni, 11.0 m at 1.9% Ni, 19.5 m at 1.5% Ni and 16 m at 1.4% Ni. Additional drilling will be performed at the Sipilou South laterite deposit in order to reduce drill spacing to 200 m x 200 m in the section north of the Méné River. Approximately 50% of the Sipilou South laterite deposit extends into the exploration license.

Table 1: Combined mineral intercepts for holes drilled at the Samapleu Main deposit.
HOLE-ID
Start FromTotal Thickness
of Mineralization
NiCuCoPDPTAU
mm%%%gr/tgr/tgr/t
New interceptions
SM44-56412885.2517.450.300.170.020.530.180.03
Include0.201.070.580.052.032.240.01
SM44-52324345.2031.100.340.290.020.340.110.04
Include1.152.031.000.071.470.030.02
SM44-50522437.5046.700.420.350.020.570.260.05
Include9.001.010.860.040.830.090.05
SM44-48521027.9540.500.290.290.020.340.140.02
SM44-45838612.900.550.530.620.030.440.080.10
SM44-54118858.70113.500.310.270.020.720.150.06
Include0.252.880.250.114.570.040.01
SM44-56020387.8062.050.320.240.020.380.170.04
Include2.701.310.220.051.411.190.03
Results for 23 more holes are awaited
Previously reported
SM44-525290b70.50142.250.310.290.020.430.120.07
Include4.131.580.520.061.670.210.05
SM44-45025015.0050.600.970.890.040.830.360.14
Include12.502.922.560.102.120.280.34
SM44-49235415.2039.800.870.740.040.540.110.06
Include12.001.781.210.081.020.050.11
SM44-52529023.0060.500.340.300.020.330.120.06
Include1.111.430.670.051.100.170.08
SM44-50522437.5046.700.420.350.020.570.260.05
Include4.001.421.080.061.230.100.05
SM44-450250b33.5050.451.000.960.040.910.260.08
Include7.703.652.600.142.890.220.06
SM44-487292b38.1039.250.370.430.020.350.110.07
Include0.951.140.940.050.620.060.04
SM44-487292d31.1537.850.530.570.020.510.120.06
Include3.672.051.630.081.410.060.04
SM44-487292c30.7533.350.430.390.020.370.090.05
Include4.551.100.690.050.800.100.06
SM44-47433429.0032.000.330.420.020.230.110.09
Include1.001.030.490.050.690.060.04
SM44-51717846.2985.390.290.270.020.400.120.05
Include0.861.170.690.051.920.120.04
SM44-54025766.6052.100.300.230.020.300.110.04
Include0.751.910.380.080.860.030.02
SM44-64133259.0048.950.300.270.020.340.130.05
Include0.951.020.500.041.140.120.02
SM44-450250c42.3545.300.470.800.030.480.270.12
Include3.552.271.380.091.570.390.04
SM44-50636710.0026.000.410.360.020.280.100.03
Include0.184.310.090.170.050.020.01
SM44-68028936.0024.550.520.580.030.900.230.04
Include3.101.481.760.072.330.800.10
SM44-48729269.0022.850.360.380.020.290.120.06
Include1.801.140.600.050.640.040.04
SM44-53337915.9012.050.630.520.030.360.060.06
Include3.951.200.970.050.690.060.10
SM44-46727044.1011.700.420.390.020.420.190.07
Include1.051.120.470.040.110.040.04
Table 2: Combined mineral intercepts for holes drilled at the Samapleu Extension 1.
Start FromTotal Thickness
of Mineralization
NiCuCoPDPTAU
HOLE-IDmm%%%gr/tgr/tgr/t
Previously reported
SM24-59468743.6051.750.270.200.020.510.100.02
Include0.601.750.310.082.740.020.03
SM24-69958072.0053.500.270.210.020.350.070.04
SM24-62865138.5554.000.510.310.030.660.130.03
Include7.851.650.480.071.290.290.04
SM24-66161468.50112.600.340.290.020.630.120.04
Include4.601.450.830.082.230.100.06

Drilling was performed by Global Exploration Services SARL of Abidjan, Côte d'Ivoire. Core logging and sampling were performed at Sama's facility in Yorodougou village. Sample preparations were performed at Société de Développement de Gouessesso's sample preparation facility in Gouessesso village under Sama's supervision. Sample pulps were delivered to Bureau Veritas Mineral Laboratory's facility in Abidjan ("BVML") and then dispatched by BVML directly to their assay laboratory, Ultra Trace Pty, in Perth, Australia. All samples are assayed for Ni, copper, cobalt, fer, sulphur, platinum, palladium, rhodium and gold using sodium peroxide fusion and determined by Inductively Coupled Plasma optical emission spectrometry.

The Samapleu Project is a joint venture between the Company's 100% owned subsidiary Sama Nickel Corporation (66 Γàö%) and SODEMI (33 Γàô%).

This News Release was prepared by Dr. Marc-Antoine Audet, P.Geo, President and CEO of Sama and a Qualified Person under NI 43-101.

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 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, 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 is 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.

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.

Contact Information

  • Sama Resources Inc.
    Dr. Marc-Antoine Audet
    President and CEO
    (514) 726-4158
    www.samaresources.com

    Hamza Thindal Capital Corp.
    Kam Thindal
    Investor Relations
    (604) 566-9236 or Cell: (604) 488-9875