Sama Completes Downhole Geophysics on Five Drill Holes at Yepleu and Samapleu Deposit; Strong EM Targets Have Been Generated
March 24 2014 - 7:00AM
Marketwired
Sama Completes Downhole Geophysics on Five Drill Holes at Yepleu
and Samapleu Deposit; Strong EM Targets Have Been Generated
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 24, 2014) - Sama
Resources Inc./Ressources Sama Inc. (TSX-VENTURE:SME) ("Sama" or
the "Company") is pleased to announce the completion of the
Downhole Electromagnetic Geophysical ("DHEM") survey on five (5)
holes at the Samapleu and newly discovered Yepleu
nickel-copper-palladium Deposits in Côte d'Ivoire, West Africa.
Abitibi Geophysics Inc. from Val d'Or in Canada performed the
survey and the interpretation is performed by Mr. Daniel Card,
Senior Geophysicist for Southern Geoscience Consultants,
Australia.
Three holes were surveyed at the Yepleu deposit, one hole at the
Samapleu Main and one hole at the Samapleu Extension 1
deposits.
Preliminary inspection of the data indicate strong
Electromagnetic ("EM") responses on all holes surveyed. Detailed
interpretation and modelling is in progress for the following
geophysical anomalies:
Hole |
Location |
Response: Depth from surface in meters ("m") |
SM34-570407 |
Extension 1 |
-
EM anomaly at around 280-320 m |
SM44-525290 |
Samapleu Main |
-
EM anomaly at around 150 m |
YE31-637117 |
Yepleu |
-
EM anomaly at around 120 m |
YE31-694543 |
Yepleu |
-
EM anomaly at around 160 m |
YE23-398223 |
Yepleu |
-
EM anomaly at around 40 m |
"The survey was performed extremely well by Abitibi
Geophysics," stated Dr. Marc-Antoine Audet, President and CEO.
"We look forward to some very good drilling targets from the
modelling." "We are working on this as top priority," added
Mr. Card, Senior Geophysicist for Southern Geoscience
Consultants.
The Yepleu discovery is located 18 kilometers ("km") southwest
of the Samapleu nickel-copper-palladium deposits. Regional
geological mapping has identified that the geological host of the
newly discovered Yepleu nickel-copper-palladium mineralization
extends beyond the original 3 km by 600 to 800m to an area as vast
as 6 km x 4 km (Refer to News Release dated February 03,
2014).
A total of 18 diamond drilling holes for 3,320m were drilled at
the Yepleu discovery testing the large sub-horizontal mineralized
layer associated with pyroxenite, gabbro-norite and diorite units
been part of the newly identified and described Yacouba Layered
Complex (Gouedji et al., submitted to Bulletin de la
Société Géologique de France (BSGF), January 24, 2014).
Exploration results for all drilled holes at Yepleu will be
announced in a subsequent press release.
Exploration Model and Targets
Exploration to date has focused mostly on shallow targets
(<150m) at the Samapleu and Yepleu deposits. Sama believes that
mineralization at the Samapleu deposits could plunge deeper and
could extend laterally as suggested by responses obtained from the
Helicopter Electromagnetic survey completed in January 2013 and by
the current DHEM survey.
At Yepleu, the Company is chasing embayments or structural
features that would have trapped mineralised pyroxenite within the
sub-horizontal layered complex assemblage.
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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