Sama Resources Announces Samapleu and Yepleu Ni-Cu-Pd Deposits are
Pipe-like Intrusions hosted within the Newly Discovered Yacouba
Layered Complex, similar to Voisey's Bay, Jinchuan and N'komati
Sama Announces Results for the first 18 drill holes drilled at
Yepleu
MONTREAL, QUEBEC--(Marketwired - Mar 25, 2014) - Sama Resources
Inc./Ressources Sama Inc. (TSX-VENTURE:SME) ("Sama" or the
"Company") is pleased to announce that the Samapleu and the newly
discovered Yepleu nickel-copper-palladium deposits are hosted
within a newly identified large anorthositic and dioritic layered
complex (the "Yacouba Layered Complex") in Côte d'Ivoire, West
Africa.
Sama's newly discovered Yacouba Layered Complex, which hosts the
Samapleu and Yepleu nickel-copper-palladium deposits, sits in a
favorable geodynamic position at the eastern edge of the West
African Archaean craton in the vicinity of the major Sassandra
fault system.
Members of the Yacouba Layered Complex have been identified at
surface over a corridor of approximately 10 kilometers ("km") wide
by 25 km long. Additional work is required to identify the full
extent of this new layered complex on a regional basis.
The Samapleu (subject to Sama's fully funded 3 year PhD
program with University of Franche Comté, France) and Yepleu
deposit's mineralization and geological characteristics are typical
of a layered Pipe- like Intrusion or conduit‐hosted nickel
deposits.
These rare type of intrusions host the world's largest
nickel-copper deposits like Jinchuan, 515 million tonnes ("Mt") at
1.06% nickel; Voisey Bay, 137Mt at 1.68% nickel; Kabanga, 52Mt at
2.65% nickel; Eagle, 4.5Mt at 3.33% nickel; Eagle Nest, 20Mt at
1.68% nickel; Kalatongke, 24Mt at 0.68% nickel and N'komati 2.8Mt
at 2.08% nickel.
Geo-chronological data (PhD Thesis in progress- article
submitted to Bulletin de la Société Géologique de France (BSGF),
January 24, 2014) indicate that the Yacouba's mafic and
ultramafic hosts were intruded within the older gneissic assemblage
at a Proterozoic age of 2.09 Ga (U-Pb, measured on rutile).
It's interesting to note that the age of 2.09 Ga for the Yacouba
Layered Complex is almost the same as the large and mineral rich
South-African Bushveld complex 2.06 Ga host of the Ivanhoe's large
Flatreef palladium-nickel deposit and numerous other chromite
Platinum Group Elements ("PGE") deposits and surrounding N'Komati
nickel-copper-palladium deposit, 2.04 Ga.
Samapleu and Yepleu deposits are typical magmatic
nickel-copper-palladium deposits with common metallurgical
characteristics. Nickel and copper mineralization (pentlandite,
chalcopyrite, combined with pyrrhotite, rarely pyrite) correspond
to sulphide disseminations ranging from trace to 40% and
semi-massive to massive (40% to 100% sulphides) sulphide rich
lenses most often spatially associated with highly breccia texture
in pyroxenites.
Semi-massive and massive sulfide veins display a number of
characteristics suggesting they are part of a larger mineralizing
system:
- Extreme variations in nickel:copper ratio indicative of
fractionation of sulphides.
- Association with varied textured and brecciated facies.
- Presence of an unusual texture called loop texture. Large
pyrrhotite crystals (5cm in diameter) are rimmed by smaller
chalcopyrite and pentlandite that define a loop that encloses the
pyrrhotite. These textures are seen at Norilsk and Voiseys Bay
nickel-copper-palladium deposits.
- Abundant sulfide inclusions (globules) within pyroxene crystal
indicating sulfur (S) saturation took place before pyroxene
crystallization (at depth).
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 structural features that would
have trapped mineralized pyroxenite within the sub-horizontal large
layered complex.
Yepleu drilling program and results
The Yepleu discovery is located 18 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).
Tables 1 and 2 below summarizes mineral intersections for each
hole drilled at the Yepleu discovery. Drilling is performed using
the Company's 100% owned Coretech CSD 1300G drill rigs.
Intercepts were defined using 0.1% nickel cut-off grades for 6
holes which samples were sent for assays through Veritas Laboratory
in Abidjan (refer to News Release dated January 14, 2014).
For the other 12 holes, mineral intersects are reported as visual
estimates of sulphide content and in some cases with nickel and
copper values obtained using the hand held Niton XRF analyser
("Niton").
Core logging and sampling was performed at Sama's facility in
Yorodougou village. Sample preparations 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
were assayed for nickel, copper, cobalt, platinum,palladium and
Gold.
The Niton provides assay readings for a wide range of metallic
elements including nickel and copper. Readings are made through a
window measuring a few square millimeters through the plastic bag
of the pulverised and homogenized (-100 mesh) sample. Several
readings are used to generate an averaged value. Reported values
obtained using the Niton are being used only for exploration
planning.
Table 1: Dill Intercepts 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 |
Table 2: Preliminary mineral intersects are reported as visual
estimates of sulphide content and in some cases with nickel and
copper values obtained using the hand held Niton.
HOLE-ID |
FROM |
TO |
Length |
|
FROM |
TO |
Length |
Nickel (Niton) |
Copper (Niton) |
|
m |
m |
m |
Visible sulphide content |
m |
m |
m |
% |
% |
YE23-367542 |
17.35 |
20.00 |
2.65 |
Trace to 1% |
Not sampled |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YE23-376490 |
74.00 |
80.00 |
6.00 |
5% to 35% |
72.50 |
79.00 |
6.50 |
0.36 |
0.29 |
|
|
|
|
|
|
|
|
|
|
YE32-351140 |
8.20 |
16.85 |
8.65 |
3% to 50% |
8.20 |
13.70 |
5.50 |
0.40 |
0.34 |
|
|
|
|
|
|
|
|
|
|
YE30-519152 |
95.10 |
160.60 |
65.50 |
1% to 10% |
Not sampled |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YE24-428631 |
31.25 |
33.75 |
2.50 |
3% to 30% |
31.25 |
33.00 |
1.75 |
0.50 |
0.32 |
|
|
|
|
|
|
|
|
|
|
YE23-571625 |
71.10 |
74.50 |
3.40 |
5% to 40% |
71.10 |
74.50 |
3.40 |
0.61 |
0.29 |
|
|
|
|
|
|
|
|
|
|
YE24-212764 |
33.90 |
51.85 |
17.95 |
1% to 80% |
33.90 |
46.65 |
12.75 |
0.37 |
0.30 |
|
|
|
|
|
47.95 |
51.60 |
3.65 |
0.25 |
0.17 |
|
|
|
|
|
|
|
|
|
|
YE31-285034 |
70.15 |
78.70 |
8.55 |
1% to 30% |
70.15 |
72.00 |
1.85 |
0.29 |
0.26 |
|
|
|
|
|
|
|
|
|
|
YE14-357585 |
15.80 |
107.75 |
91.95 |
Trace to 1% |
Not sampled |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YE31-637177 |
120.85 |
121.80 |
0.95 |
45% to 50% |
Sample preparation and Niton assaying in progress |
|
|
|
|
|
|
|
|
|
|
YE31-694543 |
168.40 |
175.65 |
7.25 |
3% to 50% |
Sample preparation and Niton assaying in progress |
|
|
|
|
|
|
|
|
|
|
YE23-398223 |
43.20 |
46.54 |
3.34 |
10% to 40% |
Sample preparation and Niton assaying in progress |
|
75.87 |
77.67 |
1.80 |
5% to 10% |
|
|
|
|
|
Out of the 18 drill holes drilled, 2 holes were terminated short
due to technical problems; YE23-580042 and YE23-367542.
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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