Sama Resources Inc.

Sama Resources Inc.

September 09, 2011 07:00 ET

Sama Resources Resumes Drilling at its Samapleu Poly-Metallic Project and Announces New Results at its Samapleu Ni-Cu Deposit and Sipilou South Ni Laterite Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2011) - Sama Resources Inc. (TSX VENTURE:SME) -

Highlights - Nickel-Copper Sulphide Program:

  • Drilling resumed on September 08 with 2 drilling rigs.
  • Hole SM44-502299 returned 8.30 m at 2.25% Ni+Cu.
  • Hole SM44-590230b returned 14.35 m at 1.82% Ni+Cu.

Highlights - Sipilou South Nickel-Cobalt Laterite Project:

  • Assay results for 8 out of the 24 holes drilled last June were received: 18.75 m at 1.89% Ni, 15.65 m at 1.42% Ni and 13.00 m at 1.50% Ni.

Sama Resources Inc. ("Sama" or the "Company") is pleased to announce that drilling has resumed at the Samapleu property in Côte d'Ivoire using 2 drill rigs. The current drilling campaign is aimed at completing drilling at the "Samapleu Extension 1 poly-metallic zone" as well as testing the newly identified "Gangbapleu Target". Sama plans to complete the "Sipilou South Nickel-Cobalt Laterite" program on a 200 metre ("m") x 200 m spacing and to initiate a 2,000 m drilling program at the Company's "Lola Property" in the Republic of Guinea.

Samapleu Nickel-Copper Sulphide Project, Côte d'Ivoire

Assay results for 7 holes drilled at the "Samapleu Main poly-metallic deposit" have been received. Complete results for 2 additional holes are still outstanding. Drilling on a 50 m by 25 m grid has been completed for the upper part of the deposit. Additional drilling will be performed at the deposit this fall in order to accurately model the geometry of the 2 main sulphide massive veins. Mineral resource estimates should be available by the end of 2011. Table 1 below shows combined mineral intercepts for these new holes.

Assay results for holes drilled at the newly discovered Samapleu Extension 1 poly-metallic zone are still pending. Mineralized intersections included 12.60 m and 7.45 m of highly disseminated, sulphide rich mineralization including 0.9 m and 0.8 m of massive sulphide veins, respectively. Mineralization is near surface starting vertically at approximately 43 m and 37 m. True widths are not known at this time. The Samapleu Extension 1 poly-metallic zone is located 1.3 kilometres ("km") north of the Samapleu Main poly-metallic deposit.

Excellent regional targets have been identified, including the Gangbapleu Target 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 Gangbapleu Target have returned strong chargeability signatures, similar to what has been observed at the deposits in the Samapleu Main poly-metallic and Samapleu Extension 1 poly-metallic zones. Detailed geological mapping and sampling, together with additional IP surveys, will also be performed.

Table 1: Combined new mineral intercepts for the reported 7 holes drilled at the Samapleu Main poly-metallic deposit. Combined downhole mineral intercepts were defined using 0.20% nickel cut-off grades.

SM44-568343 42.20 30.00 0.34 0.35 0.02 0.13 0.27 0.04
Includes 2.00 1.38 1.65 0.06 0.19 0.69 0.16
SM44-545330 15.00 41.65 0.36 0.30 0.02 0.14 0.39 0.05
Includes 0.40 1.53 1.02 0.06 0.06 1.27 0.05
SM44-525322 15.30 57.85 0.32 0.36 0.02 0.11 0.31 0.05
SM44-502299 21.85 57.45 0.49 0.37 0.03 0.12 0.47 0.06
Includes 8.30 1.46 0.79 0.06 0.16 1.32 0.16
SM44-405257 11.30 37.90 0.32 0.34 0.02 0.09 0.26 0.05
SM44-590230b 94.15 90.05 0.44 0.63 0.02 0.49 0.79 0.06
Includes 14.35 0.75 1.07 0.03 2.44 1.38 0.16
SM44-573220 121.05 0.36 0.32 0.02 0.14 0.58 0.04
Includes 4.65 0.77 0.79 0.04 0.18 1.10 0.04

Sipilou South Nickel-Cobalt Laterite Deposit, Côte d'Ivoire

In February 2011, the Company outlined a 3.1 km2 continuous nickel-cobalt rich surface laterite deposit located 5 km northwest of the Samapleu Main poly-metallic deposit. A 59-hole drill program commenced last June in order to reduce the drill spacing to 200 m by 200 m pattern. A total of 24 holes were drilled in June and July and the remaining 35 will be completed this fall. Assay results for 8 holes out of the 24 holes drilled in June were received and are detailed below.

Borehole Assay Results Using
1.0% Nickel Cut-off Grade
SS54-400200 laterite with < 1.0% Ni
SS54-200200 13.00 m at 1.50% Ni
SS54-600200 laterite with < 1.0% Ni
SS44-600800 15.65 m at 1.42% Ni
SS54-800200 Felsic material
SS45-200800 Felsic material
SS54-600400 10.90 m at 1.35% Ni
SS44-600600 18.75m at 1.89%Ni

Readers are invited to visit Sama's web site at for a complete update on Sama's current drilling campaign, including all mineral intercepts for which Sama is awaiting results.

Drilling was performed by Global Exploration Services SARL of Abidjan, Côte d'Ivoire. Core logging and sampling was performed at Sama's facility in Yorodougou village. Sample preparations for the nickel-copper sulphide exploration program 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 nickel, copper, cobalt, iron, sulphur, platinum, palladium, rhodium and gold using sodium peroxide fusion and determined by inductively coupled plasma optical emission spectrometry. All samples for the nickel-cobalt laterite programs were delivered to BVML for sample preparation and then dispatched to Ultra Trace Pty, in Perth, Australia. All samples are assayed for nickel, cobalt, scandium and all major oxides using peroxide fusion XRF.

The Samapleu Nickel-Copper Sulphide Project in Côte d'Ivoire is currently in its exploration phase. Future production will be managed by a joint venture controlled 66Γàö% by Sama Nickel Corporation, a wholly-owned subsidiary of the Company, and 33Γàô% by SODEMI. The exploration licences for the Lola Project in Guinea are exclusively held by a wholly-owned branch office of Sama.

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

    Sama Resources Inc.
    Matt Johnston
    (604) 443-3835 or Toll Free: (877) 792-6688, Press 4
    (604) 682-3860 (FAX)