(TheNewswire)
The Ni-Cu-PGE mineralisation hasexpanded with a second new zone
Highlights
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-- The Ni-Cu-PGE near surface mineralisationhas expanded with a second new zone .
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-- Drill holeS-349 intersects 53 m of combined mineralisationlayers grading 0.29% Ni including 2.60 m at 1.31% Ni and 0.95%Cu
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-- Drill holeS-350 returned a 10 m thick mineralised magmatic pyroxenite including6.70 m grading 0.71% Ni and 0.48% Cu and 2.85 m grading 1.00% Ni and0.45% Cu starting from 8.0 m below surface.
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-- Drill holeYE-49 returned 11 m at 0.58% Ni and 0.80% Cu including5.55 m grading 0.95% Ni and 1.37% Cu, confirming the presence of asecond mineralised zone
Montreal, Quebec – TheNewswire -- January 23, 2024 – Sama ResourcesInc. (“ Sama ” or the“ Company ”) (TSXV:SME)(OTC:SAMMF) is pleased to announce additional nickel (“ Ni ”), copper (“ Cu ”) and platinum group of element(“ PGE ”) results for 13drill holes of the 2023’s 3,800 metre (“ m ”) drilling program at the Yepleuprospect located 25 km south-west of the Samapleu-Grata deposits inwestern Côte d’Ivoire, West-Africa.
To follow-up on the January 9, 2024 pressrelease reporting on assay results of drill holes S-336 to S-342,today we are reporting assay results for an additional 10 drill holes(S-343 to S-352) drilled on a newly discovered, near surface zone ofNi, Cu and PGE mineralization. The discovered mineralised zone spansan area of 500 m by 400 m, open in all directions within a 500 m to700 m wide north-west to south-east trending corridor of approximatelythree kilometres (“ km ”)( Figures 1 & 2 ). Assaysresults from three additional holes, YE-47 to YE-49, are confirming asecond new mineralised zone located at the north-west end of thecorridor and approximately 2.5 km from holes S-332 to S-351. Assaysresults for holes YE-38 to YE-46 and YE-50 to YE-55 are pending.
Table 1: Assay results for holes S-343 to S-352 and YE-47 to YE-49,core lengths are reported along borehole using a cut-off-grade of0.10% Ni.
HOLE-ID | FROM | TO | LENGTH | Ni | Cu | Co | Pd | Pt | Au |
m | m | m | % | % | % | g/t | g/t | g/t | |
-343 | 30.80 | 47.90 | 17.10 | 0.20 | 0.10 | 0.01 | 0.03 | 0.01 | 0.01 |
including | 0.60 | 1.26 | 0.65 | 0.08 | 0.18 | 0.06 | 0.02 | ||
including | 0.50 | 0.44 | 0.32 | 0.03 | 0.05 | 0.01 | 0.01 | ||
50.90 | 66.00 | 15.10 | 0.36 | 0.17 | 0.02 | 0.07 | 0.02 | 0.01 | |
including | 4.40 | 0.51 | 0.18 | 0.03 | 0.11 | 0.03 | 0.01 | ||
including | 1.65 | 0.97 | 0.37 | 0.05 | 0.14 | 0.00 | 0.02 | ||
73.10 | 77.10 | 4.00 | 0.21 | 0.18 | 0.01 | 0.05 | 0.03 | 0.02 | |
Combined | 36.20 | 0.27 | 0.14 | 0.02 | 0.05 | 0.01 | 0.01 | ||
S-344 | 13.50 | 19.65 | 6.15 | 0.12 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 |
28.30 | 44.80 | 16.50 | 0.15 | 0.06 | 0.01 | 0.02 | 0.01 | 0.01 | |
51.80 | 55.70 | 3.90 | 0.22 | 0.16 | 0.01 | 0.04 | 0.04 | 0.01 | |
including | 0.7 | 0.53 | 0.22 | 0.03 | 0.11 | 0.04 | 0.02 | ||
Combined | 26.55 | 0.15 | 0.06 | 0.01 | 0.02 | 0.01 | 0.01 | ||
S-345 | 14.30 | 63.70 | 49.40 | 0.25 | 0.14 | 0.02 | 0.04 | 0.01 | 0.01 |
including | 2.55 | 0.43 | 0.20 | 0.02 | 0.09 | 0.00 | 0.01 | ||
including | 4.00 | 0.68 | 0.41 | 0.04 | 0.09 | 0.01 | 0.03 | ||
including | 1.30 | 0.78 | 0.63 | 0.04 | 0.15 | 0.03 | 0.05 | ||
S-346 | 9.70 | 45.55 | 35.85 | 0.22 | 0.11 | 0.01 | 0.05 | 0.03 | 0.01 |
including | 0.50 | 0.76 | 0.12 | 0.04 | 0.13 | 0.00 | 0.01 | ||
including | 0.50 | 0.41 | 0.14 | 0.02 | 0.07 | 0.01 | 0.01 | ||
including | 1.60 | 0.60 | 0.29 | 0.03 | 0.08 | 0.00 | 0.02 | ||
including | 0.50 | 1.16 | 0.57 | 0.05 | 0.18 | 0.01 | 0.04 | ||
S-347 | 7.85 | 25.50 | 17.65 | 0.29 | 0.14 | 0.01 | 0.05 | 0.01 | 0.02 |
including | 0.80 | 1.38 | 0.20 | 0.06 | 0.26 | 0.00 | 0.02 | ||
including | 0.65 | 0.63 | 0.22 | 0.05 | 0.00 | 0.00 | 0.00 | ||
S-348 | 4.80 | 19.70 | 14.90 | 0.20 | 0.13 | 0.01 | 0.04 | 0.01 | 0.02 |
including | 0.70 | 0.54 | 0.28 | 0.04 | 0.06 | 0.01 | 0.03 | ||
S-349 | 12.60 | 17.10 | 4.50 | 0.29 | 0.03 | 0.02 | 0.10 | 0.04 | 0.02 |
24.30 | 40.05 | 15.75 | 0.25 | 0.26 | 0.01 | 0.17 | 0.06 | 0.10 | |
including | 0.65 | 0.68 | 0.51 | 0.02 | 0.17 | 0.03 | 0.16 | ||
42.25 | 46.75 | 4.50 | 0.18 | 0.05 | 0.01 | 0.05 | 0.03 | 0.02 | |
51.25 | 79.35 | 28.10 | 0.33 | 0.20 | 0.02 | 0.10 | 0.07 | 0.06 | |
including | 0.75 | 0.52 | 0.27 | 0.02 | 0.00 | 0.00 | 0.01 | ||
including | 0.70 | 1.02 | 0.23 | 0.04 | 0.12 | 0.02 | 0.04 | ||
including | 2.60 | 1.31 | 0.95 | 0.06 | 0.23 | 0.06 | 0.13 | ||
Combined | 52.85 | 0.29 | 0.19 | 0.01 | 0.11 | 0.06 | 0.06 | ||
S-350 | 8.15 | 26.80 | 18.65 | 0.51 | 0.30 | 0.03 | 0.08 | 0.02 | 0.07 |
including | 6.70 | 0.71 | 0.48 | 0.04 | 0.07 | 0.03 | 0.16 | ||
including | 2.85 | 1.00 | 0.45 | 0.06 | 0.17 | 0.03 | 0.03 | ||
including | 1.50 | 0.40 | 0.16 | 0.02 | 0.07 | 0.03 | 0.01 | ||
S-351 | 18.70 | 34.40 | 15.70 | 0.33 | 0.21 | 0.01 | 0.09 | 0.06 | 0.03 |
including | 1.50 | 0.45 | 0.11 | 0.01 | 0.29 | 0.12 | 0.03 | ||
including | 0.60 | 0.56 | 1.19 | 0.03 | 0.10 | 0.01 | 0.16 | ||
including | 1.30 | 0.96 | 0.43 | 0.04 | 0.15 | 0.34 | 0.12 | ||
HOLE-ID | FROM | TO | LENGTH | Ni | Cu | Co | Pd | Pt | Au |
m | m | m | % | % | % | g/t | g/t | g/t | |
S-352 | 24.95 | 26.00 | 1.05 | 0.46 | 0.53 | 0.02 | 0.31 | 0.17 | 0.05 |
29.00 | 30.50 | 1.50 | 0.22 | 0.09 | 0.01 | 0.94 | 0.81 | 0.26 | |
45.20 | 54.20 | 9.00 | 0.16 | 0.05 | 0.01 | 0.31 | 0.39 | 0.02 | |
57.20 | 76.65 | 19.45 | 0.28 | 0.18 | 0.01 | 0.18 | 0.08 | 0.15 | |
including | 1.5 | 0.56 | 0.31 | 0.01 | 1.03 | 0.53 | 1.63 | ||
including | 1.45 | 0.95 | 1.19 | 0.04 | 0.15 | 0.05 | 0.09 | ||
Combined | 35.20 | 0.23 | 0.15 | 0.01 | 0.26 | 0.22 | 0.11 | ||
YE-47 | 54.35 | 60.35 | 6.00 | 0.17 | 0.07 | 0.01 | 0.15 | 0.08 | 0.03 |
62.80 | 82.90 | 20.10 | 0.24 | 0.16 | 0.01 | 0.10 | 0.04 | 0.03 | |
including | 1.00 | 0.50 | 0.27 | 0.02 | 0.26 | 0.21 | 0.09 | ||
including | 0.60 | 1.08 | 0.54 | 0.04 | 0.28 | 0.02 | 0.05 | ||
including | 1.50 | 0.41 | 0.36 | 0.02 | 0.13 | 0.07 | 0.05 | ||
85.90 | 87.40 | 1.50 | 0.11 | 0.48 | 0.00 | 0.03 | 0.02 | 0.02 | |
Combined | 27.60 | 0.22 | 0.16 | 0.01 | 0.10 | 0.05 | 0.03 | ||
YE-48 | 62.90 | 64.40 | 1.50 | 0.63 | 0.18 | 0.02 | 0.15 | 0.05 | 0.01 |
69.90 | 87.55 | 17.65 | 0.17 | 0.17 | 0.01 | 0.05 | 0.03 | 0.02 | |
including | 0.85 | 0.51 | 0.69 | 0.02 | 0.15 | 0.07 | 0.04 | ||
Combined | 19.15 | 0.21 | 0.17 | 0.01 | 0.06 | 0.04 | 0.02 | ||
YE-49 | 97.15 | 108.10 | 10.95 | 0.58 | 0.80 | 0.02 | 0.16 | 0.07 | 0.07 |
including | 5.55 | 0.95 | 1.37 | 0.04 | 0.27 | 0.10 | 0.08 |
Thirty-one holes totaling 2,487 m have been drilled to date. Drillingis being conducted using two Sama owned core drill rigs. The targetzone is sub-horizontal with a slight dip of 10 to 15 degrees towardthe south-west. All holes were drilled vertically.
The Samapleu-Grata-Yepleu mineralization is a signature of a layered,pipe-like intrusion or conduit-hosted nickel deposits. These raretypes of intrusions host the world’s largest Ni-Cu deposits such asJinchuan, Voisey’s Bay, Kabanga, Eagle, Eagle Nest and N’komati.
Sama discovered the Ni-Cu-PGE mineralization when it discovered theYacouba layered complex of mafic and ultramafic rock. This layeredcomplex was created approximately 2.1 billion years ago by theintrusion of magma through the Man Shield. The Yacouba complex can betraced over a strike length of more than 30 kilometers within Sama’sproperties in Côte d’Ivoire.
Figure 1: Sama’s Samapleu project combined exploration permitsshowing all highly prospecting sectors that remain to be investigated.
Figure 2: Surface map at the Yepleu near surface mineralized zonesshowing assays results for holes S-336 to S-351 and YE-47 to YE-49.Assays are pending for holes YE-38 to YE-46 and YE-50 to YE-55.
Figure 3: Photo of core from drill hole S-349 intersecting a 53 m of combinedmineralisation layers grading 0.29% Ni including 2.60 m at 1.31% Niand 0.95% Cu. The photo is showing a1.65 m semi-massive to massive mineralisation grading 1.63% Ni and0.63% Cu from 73.20 m to 74.85 m vertically from surface.
Figure 4: Photo of core from drill hole S-350 shows a 2.80 m of semi-massive tomassive mineralisation grading 1.00% Ni and 0.45% Cu from 16.95 m to19.80 m vertically from surface.
Figure 5: Photo of core from drill hole Y-49 returning14 m of mineralized gabbroic intrusive with 10.95 m at 0.58% Niand 0.80% Cu including 5.55 m grading 0.95% Ni and 1.37% Cu isconfirming the presence of a second mineralised zone. Individualvalues reach up to 3.41% Cu (103.20 m) and 1.53% Ni (99.50 m).
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NI 43-101 and QA/QC
Co re logging and sampling wereperformed at Sama’s Samapleu and Yepleu field facilities. Samplepreparations are conducted at the Bureau VeritasMineral Laboratory in Abidjan, Côte d’Ivoire. Sample pulps were delivered to Activation Laboratories Ltd, Ancaster andThunder Bay, Ontario, Canada, for assaying. All samples were assayed for Ni, Cu, Co, Fe, S,Pt, Pd and Au using sodium peroxide fusion ICP for the first fiveelements and by Fire Assay ICPOES for the last three.
The technical information in this release has beenreviewed and approved by Dr. Marc-Antoine Audet, Ph.D. Geology, P.Geoand President and CEO of Sama, a ‘qualified person’, as defined byNational Instrument 43-101 Standards of Disclosure for MineralProjects.
About Sama Resources Inc.
Sama is a Canadian-based, growth-oriented resourcecompany focused on exploring the Samapleu nickel-copper project inCôte d’Ivoire, West Africa. The Company is managed by experiencedindustry professionals with a strong track record of discovery. Samais committed to developing and exploiting the Samapleu Nickel-Copperand Platinum Group Element Resources.
Sama’s projects are located approximately 600 kmnorthwest of Abidjan in Côte d’Ivoire and are flanked to the westby the Ivorian and Guinean borders. Sama’s projects are locatedadjacent to the large world-class nickel-cobalt laterite deposits ofSipilou and Foungouesso, forming a 125 km-long new Base Metal Camp inWest Africa.
Sama owns 70% interest in the Samapleu nickel-copperproject in Côte d’Ivoire with its joint venture partner IvanhoeElectric owning 30%. Ivanhoe Electric has the option to purchase up toa 60% interest in the project.
For more information about Sama, please visit Sama’swebsite at www.samaresources.com .
About Ivanhoe Electric Inc.
Ivanhoe Electric (NYSE American:IE, TSX: IE) is a U.S. company that combines advanced mineralexploration technologies with electric metals exploration projectspredominantly located in the United States. For more information, visit www.ivanhoeelectric.com .
Contact Information:
Dr. Marc-Antoine Audet, P. Geo, President and CEO
Tel: (514) 726-4158
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835 or (877) 792-6688, Ext. 5
Renmark Financial Communications Inc.
Bettina Filippone: bfilippone@renmarkfinancial.com
Tel: (416)-644-2020 or (212)-812-7680
www.renmarkfinancial.com
Forward-Looking Statements
Certain of the statements made and informationcontained herein are "forward-looking statements" or“forward-looking information” within the meaning of Canadiansecurities legislation. Forward-looking statements and forward-lookinginformation such as “will”, could”, “expect”,“estimate”, “evidence”, “potential”, “appears”,“seems”, “suggest”, are subject to a variety of risks anduncertainties which could cause actual events or results to differfrom those reflected in the forward-looking statements orforward-looking information, including, without limitation, theability of the company to convert resources in reserves, its abilityto see through the next phase of development on the project, itsability to produce a pre-feasibility study or a feasibility studyregarding the project, its ability to execute on its development plansin terms of metallurgy or exploration, the availability of financingfor activities, risks and uncertainties relating to the interpretationof drill results and the estimation of mineral resources and reserves,the geology, grade and continuity of mineral deposits, the possibilitythat future exploration, development or mining results will not beconsistent 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 orother unanticipated difficulties with or interruptions in explorationor development, the potential for delays in exploration or developmentactivities, the inherent uncertainty of cost estimates and thepotential for unexpected costs and expenses, commodity pricefluctuations, currency fluctuations, expectations and beliefs ofmanagement and other risks and uncertainties.
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