(TSX VENTURE:SME) Sama Resources Inc. ("Sama" or the "Company") is
pleased to announce assay results for 15 holes drilled at the
Company's "Sipilou South nickel-cobalt rich laterite deposit", as
well as 17 holes drilled at both the "Samapleu Main poly-metallic
deposit" and "Samapleu Extension 1 poly-metallic deposit". All of
these deposits are within the Samapleu exploration license located
in western Cote d'Ivoire, Africa.
Samapleu Nickel-Copper Sulphide Project, Cote d'Ivoire
Assay results for 8 holes drilled at the Samapleu Main
poly-metallic deposit have been received. Although drilling on a 50
metre ("m") by 25 m grid has been completed for the shallow part of
the deposit, 2 additional holes will shortly be drilled at the
deposit in order to accurately model the geometry of 1 of the main
sulphide massive veins.
Assay results for 9 holes drilled at the newly discovered
Samapleu Extension 1 poly-metallic deposit have been received. The
Samapleu Extension 1 poly-metallic deposit is located 1.3
kilometres ("km") north of the Samapleu Main poly-metallic deposit.
Table 1 below shows combined mineral intercepts for the new
holes.
Additional metallurgical tests are ongoing at Societe Generale
de Surveillance of Vancouver, BC, in order to test the upgrading
ability of the disseminated mineralized material prior to going for
flotation.
Sipilou South Nickel-Cobalt Laterite Deposit, Cote d'Ivoire
In June 2011, the Company started a 58-hole drill program of
approximately 1,500 m at its Sipilou South nickel-cobalt rich
laterite deposit, which is aimed at closing the drill spacing down
to a grid of 200 m by 200 m. Assay results for 15 holes have been
received. Several of the 15 holes were drilled to test the western
boundary of the Sipilou South nickel-cobalt rich laterite deposit.
The remaining 35 holes are currently being drilled and results are
expected in mid December 2011.
The Sipilou South nickel-cobalt rich laterite deposit is located
approximately 5 km northeast of the Company's Samapleu Main and
Samapleu Extension 1 nickel, copper and platinoids deposits. Table
2 below shows combined mineral intercepts for the new drill
holes.
"These results continue to expand the Company's potential for
commodities, nickel-copper sulphides, as well as surface
nickel-cobalt laterites," stated Dr. Marc-Antoine Audet, Sama's
President and Chief Executive Officer. He added, "Our goal is to
become the first poly-metallic producer in the region alongside
SODEMI (Societe pour le Developpement Minier de Cote
d'Ivoire)."
Readers are invited to visit Sama's website at:
(http://www.samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf)
for a complete update on Sama's current drilling campaign.
Table 1: Combined new mineral intercepts for the reported 17 holes drilled
at the Samapleu Main poly-metallic deposit and the Samapleu Extension 1
poly-metallic deposit. Combined downhole mineral intercepts were defined
using 0.20% nickel cut-off grades.
----------------------------------------------------------------------------
Total Downhole
Thickness of
HOLE-ID Start From Mineralization Ni Cu Co Pt Pd Au
m m % % % gr/t gr/t gr/t
----------------------------------------------------------------------------
New Interceptions
Samapleu Main
SM44-491136 33.50 29.40 0.33 0.20 0.02 0.20 0.44 0.02
SM44-441148 61.00 21.50 0.30 0.26 0.02 0.06 0.20 0.03
SM44-404153 20.15 38.15 0.34 0.29 0.02 0.08 0.23 0.02
SM44-424210 59.00 7.00 0.37 0.30 0.02 0.08 0.25 0.02
SM44-698307 45.50 27.50 0.27 0.11 0.02 0.17 0.54 0.04
SM44-660272 47.50 43.25 0.29 0.17 0.02 0.06 0.40 0.02
includes 0.50 1.12 0.31 0.04 0.07 1.85 0.06
includes 0.45 1.57 0.42 0.07 0.19 2.75 0.03
SM44-636270 75.00 26.95 0.34 0.23 0.02 0.17 0.66 0.04
SM44-620315 25.70 42.50 0.34 0.26 0.02 0.11 0.40 0.04
includes 0.25 2.86 2.35 0.12 0.02 4.08 0.04
includes 0.60 1.75 0.68 0.07 0.05 1.72 0.18
includes 0.80 1.27 0.59 0.06 0.32 1.05 0.02
Samapleu Ext 1
SM24-736697 NSR
SM24-699656 46.65 8.65 0.41 0.47 0.02 0.12 0.88 0.06
SM25-300360 NSR
SM34-070500 29.00 9.10 0.29 0.22 0.02 0.07 0.23 0.04
SM24-699656b 52.50 47.50 0.26 0.16 0.02 0.24 0.81 0.02
includes 0.80 2.02 1.19 0.09 0.15 3.79 0.08
SM24-628651b 42.80 1.20 0.21 0.08 0.02 0.05 0.47 0.00
SM24-664688 39.00 37.80 0.34 0.26 0.02 0.11 0.60 0.02
includes 0.50 2.31 1.45 0.10 0.02 2.34 0.05
includes 0.30 1.40 1.02 0.07 0.02 1.40 0.02
SM24-679708 45.50 20.65 0.64 0.53 0.04 0.08 0.94 0.02
includes 1.00 1.22 1.72 0.06 0.03 2.19 0.08
includes 1.00 1.01 0.24 0.05 0.03 1.43 0.03
includes 0.80 1.79 0.45 0.09 0.03 2.34 0.01
includes 1.00 1.37 0.75 0.06 0.10 1.79 0.01
includes 1.00 1.08 1.03 0.05 0.09 1.58 0.04
includes 0.90 1.39 0.91 0.07 0.32 1.90 0.04
SM24-645670 30.70 11.80 0.55 0.31 0.03 0.11 0.81 0.03
includes 1.53 0.56 0.08 0.23 2.56 0.03
----------------------------------------------------------------------------
Table 2: Mineral intercepts for the 15 additional holes drilled at Sipilou
South nickel rich laterite deposit. Intercepts were defined using a 1.0%
nickel cut-off grade.
Assay Results Using
Borehole 1.0% Nickel ("Ni") Cut-off Grade
SS44-400400 7.50m @ 1.15% Ni
SS44-200600 6.50m @ 1.26% Ni
SS44-200200 6.00m @ 2.08% Ni
SS44-400200 2.35m @ 1.28% Ni
SS44-400600 2.10m @ 1.20% Ni
SS53-800400 laterite with less than 1.0% Ni
SS54-400400 laterite with less than 1.0% Ni
SS44-400800 laterite with less than 1.0% Ni
SS44-800600 Outside deposit
SS43-800200 Outside deposit
SS44-040405 Outside deposit
SS43-800600 Outside deposit
SS43-800800 Outside deposit
SS53-800200 Felsic material
SS44-600400 Felsic material
Gangbapleu Target
Excellent regional targets have been identified, including the
"Gangbapleu Target", along the 19 km-long Gangbapleu-Bounta ridge
that hosts several mafic and ultramafic bodies.
Four exploratory holes were drilled at the Gangbapleu Target in
order to test the source of the strong induced polarization
geophysics chargeability response. Three holes missed the target,
while 1 hole intersected weakly mineralized pyroxenite with
mineralization composed mostly of pyrrhotite and traces of
chalcopyrite. Mineralogical and petrological detailed
investigations are ongoing, while more structural work is needed to
understand what appears to be a fairly complex geological
structural setting.
Drilling was performed by Global Exploration Services SARL of
Abidjan, Cote 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
Societe de Developpement 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 were 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 program
were delivered to BVML for sample preparation and then dispatched
to Ultra Trace Pty in Perth, Australia. All samples were assayed
for nickel, cobalt, scandium and all major oxides using peroxide
fusion XRF.
The Samapleu nickel-copper sulphide project in Cote d'Ivoire is
currently in its exploration phase. Future production will be
managed by a joint venture controlled 66 2/3% by Sama Nickel
Corporation, a wholly-owned subsidiary of the Company, and 33 1/3%
by SODEMI. The exploration licenses 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, Standards of Disclosure for Mineral
Projects.
For further information, please visit Sama's website at
http://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 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.
NR 2011-19
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.
Contacts: Sama Resources Inc. Dr. Marc-Antoine Audet President
and CEO (514) 726-4158www.samaresources.com Brisco Capital Partners
Corp. Scott Koyich Investor Relations (403)
262-9888scott@briscocapital.com Brisco Capital Partners Corp.
Graeme Dick Investor Relations (403)
262-9888graeme@briscocapital.com.
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