Sama Resources Inc.
TSX VENTURE : SME

Sama Resources Inc.

September 10, 2014 07:00 ET

Sama Resources Announces a New Mineralized Discovery Grading Up to 8.41% Copper on Surface

Highlights:

- Sama's third mineralized surface discovery, the Guezonpleu prospect is located 17 kilometers southwest of the Samapleu deposits and 3 kilometers west of the Yepleu zone.

- Guezonpleu shows surface grading of up to 8.41% copper.

- Drilling is ongoing at Samapleu and Yepleu.

MONTREAL, QUÉBEC--(Marketwired - Sept. 10, 2014) - Sama Resources Inc./Ressources Sama Inc. (TSX VENTURE:SME) ("Sama" or the "Company") announced today a third mineralized surface discovery showing grading of up to 8.41% copper and up to 0.76% nickel (tested using hand-held Niton XRF analyzer). This newly discovered mineralized sector, Guezonpleu, is located 17 kilometers ("km") southwest of the Samapleu nickel and copper deposits and 3 km west of the Yepleu zone at the Samapleu project, Ivory Coast, West-Africa. As per previous surface discoveries (ref. press release dated September 2, 2014) the discovery outcrop shows a mineralized gabbro with high concentrations of visible and altered nickel and copper bearing sulfide.

The Guezonpleu prospect was discovered during the detailed mapping of the six-kilometer-long airborne helicopter time domain electromagnetic and magnetic survey (HTEM) anomaly south-west of the Yepleu zone. Current drilling (Borehole ZE16-233527) is intended to test the mafic and ultramafic geological members of the Yacouba complex, the core of the anomaly identified in the magnetic airborne survey.

Readers are invited to view location maps and photos of Guezonpleu, which may be accessed via the following links.

http://www.samaresources.com/i/projects/samapleu/DiscoveryGuezonpleuloccurence.png

http://www.samaresources.com/i/projects/samapleu/photosGuezonpleuGossan.pdf

The following table presents all of the individual Niton XRF readings taken at Guezonpleu.

Readings Ni% Cu% Fe%
1 0.26 0.15 15.66
2 0.13 0.09 13.02
3 0.26 4.48 14.23
4 0.13 0.98 9.41
5 0.16 1.84 12.21
6 0.25 2.95 14.94
7 0.14 8.41 14.71
8 0.10 0.02 10.31
9 0.39 0.38 9.2
10 0.28 0.52 13.11
11 0.31 0.07 6.08
12 0.76 0.71 18.78
13 0.59 0.23 12.61
14 0.43 0.87 16
15 0.55 1.50 14.61
16 0.19 0.07 5.01
17 0.42 0.35 10.84
18 0.41 0.87 16.15

The hand held Niton XRF analyzer provides assay readings for a wide range of metallic elements including nickel and copper. Readings are made through a few square millimeters window at the sample surface. Several readings are used to generate an averaged value. Reported values obtained using the Niton XRF analyzer are being used only for exploration planning.

The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, P.Geo, President and Chief Executive Officer, Sama and the Company's qualified person, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Readers are invited to visit the Company's website for an updated copy of the Sama's corporate presentation and additional details 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

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements.

Forward-looking statements include but are not limited to financing, risks and uncertainties relating to the interpretation of exploration and drilling results, the estimation of mineral reserves and resources, geology, the grade and continuity of mineral deposits, fluctuations in the price of metals, environmental and regulatory requirements, permitting, escalating costs of remediation and mitigation, the risk of title loss, the availability of equipment, potential delays in exploration or development activities, and other risks and uncertainties.

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.

Contact Information

  • 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
    Toll Free: 1 (877) 792-6688, Ext. 4