Sama Resources Announces Results of Enhanced Metallurgical Testing at its Samapleu Nickel-Copper Project
March 07 2011 - 6:00AM
Marketwired Canada
Sama Resources Inc. ("Sama" or the "Company") (TSX VENTURE:SME) is pleased to
announce that the results of the latest round of metallurgical locked cycle
testing on its poly-metallic Samapleu Project in Cote d'Ivoire returned results
superior to results reported in early January 2011. A nickel and copper combined
concentrate grading of 18.5% has also been produced with higher nickel and
copper recoveries.
"These results demonstrate that Sama can produce a good metallurgical grade of
concentrated, high nickel and copper recoveries. This is an important milestone
in the development of Samapleu. These results, together with additional drilling
data, encourages Sama to plan initiating before the end of 2011 a scoping study
on the viability of an open-pit mining operation at the Samapleu Project,"
stated Dr. Marc-Antoine Audet, President and CEO of the Company.
Metallurgical testing was conducted by Societe Generale de Surveillance ("SGS")
of Vancouver, BC, under the supervision of Blue Coast Metallurgy Ltd. of
Nanaimo, BC. 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").
A recent locked cycle test on the Comp 2 blend returned an 18.5% nickel plus
copper grade of concentrate, with nickel and copper recoveries of 74% and 89%,
respectively. Cobalt recovery was 71%.
The test results confirm earlier predictions gleaned from quantitative
mineralogical analyses that Samapleu material is quite favourable for treatment
by milling and flotation processes, indicating a potentially simplified flow
sheet yielding good sulphide minerals of a relatively coarse grind.
The Samapleu Project is a joint venture among the Company's 100% owned
subsidiary SAMA Nickel Corporation (66 2/3%) and SODEMI (33 1/3%).
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., a metallurgical
consultant, both acting as Qualified Persons under National Instrument 43-101.
For more information please visit Sama's website at www.samaresources.com.
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.
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