Sama Resources Inc.

Sama Resources Inc.

January 05, 2011 11:11 ET

Sama Resources Announces Results of Metallurgical Tests at its Poly-Metallic Samapleu Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 5, 2011) - Sama Resources Inc. (TSX VENTURE:SME) -

  • Metallurgical test work performed by SGS laboratory in Vancouver, BC.
  • Nickel recovery of 70%; copper recovery of 86%.
  • A 15% nickel+copper concentrate has been achieved during preliminary tests.

Sama Resources Inc. ("Sama" or the "Company") is pleased to announce that the first phase of metallurgical testing on its poly-metallic Samapleu Project in Côte d'Ivoire returned better than anticipated recovery results. A nickel and copper combined concentrate grading of 15% has been produced from mineralized material taken from drill core obtained to date.

"The Company is very encouraged by these metallurgical results from its Samapleu poly-metallic deposit. It is Sama's objective to proceed with a scoping study on the viability of an open-pit mining operation at the Samapleu Project before the end of 2011," stated Dr. Marc-Antoine Audet, President and CEO of the Company.

This work is being carried out by Société Générale de Surveillance ("SGS") of Vancouver, BC and evaluated by Blue Coast Metallurgy Ltd. of Nanaimo, BC. The results suggest that the metal recovery and the metallurgical grade of concentrate are comparable, if not better than those typically reported at other nickel sulphide operations treating similar ore grades around the world. Test work continues and should be completed by the end of January 2011.

Metallurgical test work at SGS was performed on two mineralized blends: a high grade blend grading of 1.71% nickel and 1.71% copper ("Comp 1") and a 'production' blend grading of 0.53% nickel and 0.52% copper ("Comp 2").

With cleaner flotation tests still to be completed on Comp 1, initial flotation tests have shown nickel and copper recoveries of 88% and 95%, respectively, to a bulk concentrate assaying 10% nickel+copper prior to final flotation upgrading. The Comp 2 blend in cleaner flotation tests returned a 15% nickel+copper concentrate with nickel and copper recoveries of 70% and 86%, respectively. Favourable cobalt metallurgy appears to accompany the nickel and copper performance. Information on the performance of Platinum Group Elements in flotation will be available at the end of January.

The Samapleu Project is a joint venture among the Company's 100% owned subsidiary SAMA Nickel Corporation (66â…”%) and SODEMI (33â…“%).

This News Release was prepared by Dr. Marc-Antoine Audet, P.Geo, President and CEO of Sama Resources Inc. and by Dr Phillip Mackey, P.Eng. and metallurgical consultant, both acting as Qualified Persons 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 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.

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.

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