Sama Resources Intersects 4.4 Meters Averaging 1.13% Nickel at the
Newly Discovered Yepleu Deposit
Highlights
- Hole YE32-418407A intersected 40 meters of mineralized
pyroxenite including 22.0 meters grading 0.42% nickel and 0.23%
copper with 4.4 meters of combined lenses of semi-massive (30% to
70%) sulphide mineralization 1.13% nickel.
- Hole YE32-390423 intersected a total of 44 meters of
mineralized pyroxenite grading 0.26% nickel including 1.5 meters of
combined lenses of semi-massive (40% to 80%) sulphide
mineralization grading 1.11% nickel.
- These mineralized intercepts are part of a 2.8 kilometer long
by 0.6 to 0.8 kilometer wide sub-horizontal mineralised layer in
which sixteen holes were drilled so far for a total of 2,564
meters.
- Yepleu deposit is located 18 kilometers southwest of the
Samapleu Nickel-Copper-Palladium Deposits.
- Drilling continues at the Yepleu Project.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 14, 2014) - Sama
Resources Inc./Ressources Sama Inc. ("Sama" or the "Company")
(TSX-VENTURE:SME) is pleased to announce the assay results from six
holes drilled at the .newly discovered "Yepleu" nickel-copper
deposit in Cote d'Ivoire, West Africa. Drill hole YE32-418407A
intersected 22 metres ("m") grading 0.42% nickel ("Ni"), 0.23%
copper ("Cu"). The mineralized interval includes several
semi-massive high grade sulphide lenses for a total of 4.4m
averaging 1.13% Ni.
The Yepleu Project is located 18 kilometers ("km") southwest of
the Samapleu nickel-copper-palladium deposits at the southwest
boundary of the Samapleu Project in Cote d'Ivoire, West Africa. A
total of 16 core boreholes were drilled since the beginning of
November 2013 defining a sub-horizontal mineralized horizon of
2.8km long by 600 to 800m large and outcropping at northeastern
edge. Sama's target is to find pocket of high grade nickel-copper
and palladium within this very large mineralized system.
Detailed geophysical interpretation of the airborne HTEM Survey
has identified more than 20 high priority targets for
nickel-copper-palladium exploration. Strong HTEM survey conductors
were identified at depth at the Samapleu Main and Samapleu
Extension 1 nickel-copper-palladium deposits as well as along a
corridor of more than 25 km oriented northeast-southwest. The
Yepleu Project is just one of them.
The HTEM Survey clearly demonstrates the discovery potential for
additional nickel-copper sulphide deposits within Sama's
properties.
The table set out below shows the details for mineralized
intercepts. Intercepts were defined using 0.1% nickel cut-off
grades.
HOLE-ID |
FROM |
TO |
LENGTH |
Nickel |
Copper |
Cobalt |
Platinum |
Palladium |
|
m |
m |
m |
% |
% |
% |
gpt |
gpt |
YE23-580042 |
40.15 |
52.65 |
11.48 |
0.46 |
0.34 |
0.02 |
0.14 |
0.04 |
|
66.05 |
72.30 |
6.25 |
0.23 |
0.21 |
0.01 |
0.12 |
0.06 |
|
|
|
|
|
|
|
|
|
YE23-580037 |
37.00 |
51.50 |
14.50 |
0.46 |
0.27 |
0.02 |
0.14 |
0.06 |
Including |
|
|
0.80 |
1.20 |
0.82 |
0.04 |
0.19 |
0.02 |
|
66.00 |
72.00 |
6.00 |
0.22 |
0.22 |
0.01 |
0.08 |
0.03 |
|
|
|
|
|
|
|
|
|
YE32-418407A |
8.00 |
23.45 |
15.45 |
0.17 |
0.06 |
0.01 |
0.07 |
0.03 |
Including |
|
|
0.20 |
1.52 |
0.13 |
0.07 |
0.41 |
0.00 |
|
26.15 |
48.00 |
21.85 |
0.42 |
0.23 |
0.02 |
0.12 |
0.03 |
Including |
|
|
0.60 |
1.20 |
0.16 |
0.06 |
0.41 |
0.02 |
Including |
|
|
1.15 |
1.19 |
0.10 |
0.07 |
0.18 |
0.01 |
Including |
|
|
2.45 |
1.06 |
0.24 |
0.05 |
0.30 |
0.02 |
|
|
|
|
|
|
|
|
|
YE32-418407B |
3.00 |
36.05 |
33.05 |
0.28 |
0.15 |
0.02 |
0.12 |
0.04 |
Including |
|
|
0.85 |
1.14 |
0.51 |
0.07 |
0.20 |
0.04 |
Including |
|
|
0.80 |
1.04 |
1.02 |
0.06 |
0.19 |
0.01 |
Including |
|
|
0.35 |
1.16 |
1.45 |
0.06 |
0.28 |
0.68 |
|
|
|
|
|
|
|
|
|
YE32-418407C |
3.00 |
34.00 |
31.00 |
0.24 |
0.16 |
0.01 |
0.11 |
0.04 |
Including |
|
|
0.55 |
1.56 |
0.92 |
0.07 |
0.25 |
0.10 |
Including |
|
|
0.55 |
1.12 |
0.19 |
0.06 |
0.20 |
0.00 |
Including |
|
|
0.55 |
1.30 |
1.12 |
0.06 |
0.19 |
0.00 |
|
|
|
|
|
|
|
|
|
YE32-390423 |
6.00 |
16.20 |
10.20 |
0.24 |
0.11 |
0.02 |
0.12 |
0.14 |
|
21.50 |
53.50 |
30.60 |
0.26 |
0.13 |
0.02 |
0.08 |
0.05 |
Including |
|
|
0.30 |
1.15 |
0.26 |
0.06 |
0.28 |
0.01 |
Including |
|
|
1.00 |
1.00 |
0.19 |
0.05 |
0.14 |
0.01 |
|
57.00 |
59.00 |
2.00 |
0.44 |
0.17 |
0.03 |
0.07 |
0.01 |
Including |
|
|
0.20 |
1.57 |
0.33 |
0.07 |
0.25 |
0.01 |
|
63.50 |
65.00 |
1.50 |
0.17 |
0.21 |
0.01 |
0.03 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The disseminated mineralization is typically characterised by
fine isolated grains to large granular aggregates of nickel, copper
and iron sulphides. Sulphide phases observed so far include
pyrrhotite, chalcopyrite, pentlandite and minor pyrite. Pentlandite
occurs as inclusions in pyrrhotite. Disseminated sulphide occurs as
fine grains of 0.5 to 1 millimetre in diameter, showing a high
ratio of pyrrhotite versus chalcopyrite. Sulphide veinlets and fine
filaments are also present. Composite grains of sulphide material
are dominant, forming sulphide masses of odd shapes ranging from a
few millimetres up to several centimetres in any one dimension. The
semi-massive mineralization lenses show between 30% to 70% sulphide
minerals.
Drilling continues at the Yepleu Project using Sama's 100% owned
Coretech CSD 1300G drill rigs.
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 will be
delivered to Bureau Veritas Mineral Laboratory's facility in
Abidjan ("BVML") for dispatch by BVML directly to their assay
laboratory, Ultra Trace Pty, in Perth, Australia. All samples will
be assayed for Ni, Cu, Co, Pt, Pd and Au.
The technical information in this release has been reviewed and
approved by Dr. Marc-Antoine Audet, P.Geo and President and CEO of
Sama, and a 'qualified person', as defined by National Instrument
43-101, Standards of Disclosure for Mineral Projects.
For more details, the reader is invited to review Sama's updated
compilation on its website at:
http://www.samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf
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.
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 vary or 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 and the estimation of mineral resources and
reserves, 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.
Sama Resources Inc/Ressources Sama Inc.Dr. Marc-Antoine
AudetPresident and CEO(514) 726-4158Sama Resources Inc/Ressources
Sama Inc.Mr. Matt Johnston(604) 443-3835 or Toll Free: 1 (877)
792-6688, Ext. 4www.samaresources.com
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