Sama Resources Inc.

Sama Resources Inc.

March 30, 2011 07:00 ET

Sama Resources Intersects 13.7 Metres of Up to 2.5% Nickel at Its Nickel-Cobalt-Scandium Laterite Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2011) - Sama Resources Inc. (TSX VENTURE:SME) -


  • A 3.1km2 deposit of nickel-cobalt-scandium rich laterite has been outlined from 17 boreholes drilled on a 400 x 800 metre grid.
  • Intercepts include: 13.7 metres of 2.5% nickel, 11.0 metres of 1.9% nickel, 19.5 metres of 1.5% nickel, 16 metres of 1.4% nickel.
  • A NI43-101 compliant Inferred Mineral Resource for the Sipilou South deposit will be completed within a few months.

Sama Resources Inc. ("Sama" or the "Company") is pleased to announce assay results for drilling at the Company's Sipilou South nickel-cobalt-scandium rich laterite deposit located within the Samapleu exploration license, in Western Côte d'Ivoire, Africa.

In February, 2011, the Company drilled 22 holes totalling 813 metres on a 400 metre by 800 metre grid. In total, 17 of the 22 holes outlined a mineralized surface area of 3.1km2; comprising a continuous nickel-cobalt-scandium rich surface laterite deposit. To date, assay results for 15 of the 17 mineralized holes have been received. Individual cobalt and scandium assays reach up to 0.34% and 110ppm respectively in the limonitic section of the Sipilou South deposit.

"The combined occurrences of our Samapleu nickel-copper deposit in close vicinity to the newly investigated Sipilou South laterite enhance the Company's goal to become a polymetallic producer in Western Africa," stated Dr. Marc-Antoine Audet, President and CEO.

The assay results are summarized in the table below.

Borehole Assay Result
(using a 1.0% nickel cut-off grade)
SS44-200400 13.7m @ 2.5% Ni
SS44-200800 10.1m @ 1.2% Ni
SS44-800800 9.5m @ 1.4% Ni
SS45-400800 4.7m @ 1.3% Ni
SS54-200400 Assay pending
SS54-800400 Assay pending
SS64-200100 6.5m @ 1.1% Ni
SS64-200100 Laterite with <1.0% Ni
SS64-200800 13.0m @ 1.5% Ni
SS64-350400 Laterite with <1.0% Ni
SS64-800800 19.5m @ 1.5% Ni
SS73-750315 Laterite with <1.0% Ni
SS74-400400 6.5m @ 1.1% Ni
SS74-400800 16.0m @ 1.4% Ni
SS74-800400 2.5m @ 1.4% Ni
SS74-800800 3.0m @ 1.3% Ni
SS84-800400 11.0m @ 1.9% Ni

Please click the link below for a map of the Sipilou South laterite deposit:

The Sipilou South laterite deposit is located approximately 5km northeast of the Company's Samapleu Nickel-Copper and platinoids deposit which is currently being drilled. Drilling at the Samapleu deposit resumed on March 02 following the completion of the Sipilou South drilling program.

The Company has and will continue to simultaneously explore (under the same Exploration License): the nickel-copper and platinoids deposit, the Samapleu deposit, and the nickel-cobalt-scandium rich laterite deposit, called the Sipilou South deposit.

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. Samples 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 will be assayed for nickel, cobalt, scandium and all major oxides.

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

Readers are invited to visit Sama's website at for a complete update on Sama's current drilling campaign.

The Company is closely monitoring the political situation in Côte d'Ivoire. Sama's exploration and drilling program continues as scheduled.

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

For contact information please visit Sama's website at

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