(TheNewswire)
Ivanhoe Electric to continue Earn-Inon the Ivory Coast projects
2021 Highlights
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In 2021, Sama drilled 20 holes for8,768 m leading to the discovery of the near-surface Grata deposit,located 5 km east of the Samapleu deposit.
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Discovery hole GR-03 intersected 147m @ 0.26% Ni, 0.29% Cu, 0.25g/t Pd including 56 m @ 0.39% Ni, 0.45%Cu, 0.33g/t Pd.
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Hole GR-04 intersected 141 m @ 0.38%Ni, 0.37% Cu, 0.25g/t Pd including 6.40 m @ 1.05% Ni, 1.28% Cu,0.48g/t Pd.
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Results are pending for 5 holesdrilled at Grata in November and December 2021.
Montreal, Quebec – TheNewswire - January 25, 2022 – Sama ResourcesInc. (“Sama” or the “Company”)(TSXV:SME ) ( OTC:SAMMF) is pleased to announce drilling results from our2021 drilling campaign. Sama drilled a total of 20 drill holes for8,768 meters (“ m ”) in 2021, including 5 holes at Yepleu for 2,766 m, 7holes at the Samapleu deposit, including hole S-312 returning acombined 17.50 m at 1.87% nickel (“ Ni ”), 1.05% copper(“ Cu ”) and 1.64 grams per tonne (“ gpt ”) of palladium(“ Pd ”), and 7 holes at the Grata discovery for 2,921 m. HoleGR-04 drilled at the Grata discovery intersected 141m of continuousmineralization including near surface intervals of 6.40 m and 6.60 mgrading 1.05% Ni -1.28% Cu & 0.48 gpt Pd and 0.73% Ni - 0.38% Cu& 0.30 gpt Pd respectively. Table 1 summarizes results for allthese holes. Assays results for GR-05 to GR-09 are stillpending.
“ Sama wasvery pleased with hosting the Ivanhoe Electric Inc. (“ IVNE ”)– Sama Technical Meeting at the project site in Ivory Coast inmid-January. IVNE reviewed and acknowledged the large potential of theentire project especially with our high-quality intersections at thenew Grata zone. The IVNE-Sama joint exploration program for 2022should include between 5,000 m to 10,000 m of diamond drilling at theGrata, Samapleu and Yepleu deposits ” statedDr. Marc-Antoine Audet, President & CEO of Sama ResourcesInc.
Dr. Audet added “ Sama also proposes flying a new generationof helicopter-borne Electro-Magnetic survey to further refine theelectromagnetic response of target zones identified in 2013 on PR 838 as well as to coverthe newly acquired Zoupleu permit (PR 837). Additional funds shouldalso be allocated for pursuing technical studies for the future openpit operation at the Samapleu deposit .”
Grata: Latest discovery in theYacouba Intrusive Complex
In September 2021, Sama announced the Grata discoverylocated 5 kilometers (“ km ”) east of the Samapleu deposit.
The discovery hole, GR-03, drilled in June 2021,returned a 310 m sequence of pyroxenite and gabbro containing a 147 minterval of disseminated sulfides and several intersections ofsemi-massive sulphide mineralization. The second hole GR-04 confirmed thewidth of the mineralized zone, with a 141 m mineralized intersectionincluding 6.40 m and 6.60 m intervals grading 1.05% Ni, 1.28% Cu & 0.48 gpt Pd and 0.73% Ni, 0.38% Cu& 0.30 gpt Pd respectively (see Figures 1 to 5 and Table 1). Allmeasurements are core length.
The mineralization at Grata is similar in compositionto the Samapleu deposit but shows a larger proportion of chalcopyriteand therefore a higher copper to nickel ratio. This relationshipbetween copper and nickel is particularly evident in the GR-06mineralized zones (Figures 3 & 4).
The Company is looking at increasing mineral resourcesat Samapleu and Grata for a future surface mining operation as well assearching for massive sulphide veins and lenses that could haveaccumulated at depth in traps and embayments along the feeder systemof the Yacouba Intrusive Complex.
Yepleu: Dynamic magmatic system
At the Yepleu mineralized zone, hole YE-19 returned 45mof disseminated and semi-massive sulphide mineralization including1.15m @ 1.40% Ni. Hole YE-20 drilled 600 m to the north-northeastreturned 16m @ 0.49%Ni including 4.25 m @ 1.01% Ni (Figures 5 &6).
Following the completion of hole YE-23 in mid-2021,which aimed at testing the strong electromagnetic conductor targetwith a 20,000 conductivity-thickness (“ CT ”), the Companydecided to perform a wedge from the YE-23 hole. The wedged hole isaiming at the centre of the 20,000 CT target. However, due to delaysin obtaining equipment and heavy rains during the last four months of2021, the start of the wedging operation is now planned for the end ofthis month.
Yepleu is the centre of the intrusive feeder systemwith evidence of multiple magma injections generating a large volumeof host rock assimilation.
At Yepleu and Grata, all newly intersectedmineralization is characterized by aggregates ofthe nickel, copper and iron sulphides – pentlandite, chalcopyriteand pyrrhotite, respectively. Pentlanditeoccurs together with pyrrhotite, while the chalcopyrite is either mixed with the pentlandite andpyrrhotite or occurs as millimetric to centimetric sulphideveins/accumulations. The textures of the sulphide mineralization varyfrom disseminated to semi-massive and massive.
Figure 1: Newly discovered zone at Grata is located 5km east of Samapleu.
Figure 2: IVNE representatives reviewing Gratamineralised material at the Samapleu project site on January 14,2022.
Figure 3: GR-06 cross section. The hole remainedwithin the Yacouba complex for 340 m with mineralization ranging fromdisseminated to numerous intervals of semi-massive copper richsulphide stringers.
Figure 4: Gr-04-Gr-06 & Gr-08 section showing linksbetween various mineralized zones.
Table 1: Summary of 2021 drilling program at Samapleu,Grata and Yepleu
Figure 5: Cross-section at Yepleu showing drill resultsfor the first three holes drilled in 2021.
Figure 6: Hole YE-23: 20 cm of massive sulphidegrading 1.31% Ni & 2.74 % Cu at 853m downhole. Note: sharp contactand a chilled margin suggesting mobilization of mineralization.
Co re logging and sampling wasperformed at Sama’s Samapleu and Yepleu field facilities. Samplepreparation was conducted at the Bureau VeritasMineral Laboratory in Abidjan . Sample pulps were delivered toActivation Laboratories Ltd, Ancaster, Thunder Bay,Canada, for assaying. Allsamples were assayed for Ni, Cu, Co, Pt, Pd, Au, Fe and S.
The technical information in this release has beenreviewed and approved by Dr. Marc-Antoine Audet, P.Geo and Presidentand CEO of Sama, and a ‘qualified person’, as defined by NationalInstrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT SAMA RESOURCES INC.
Sama is a Canadian-based mineral exploration anddevelopment company with projects in West Africa and now inCanada.
On March 19, 2021 Sama formalised a Joint VentureAgreement Ivanhoe Electric Inc, a private mineral exploration companyin which mining entrepreneur Robert Friedland is a significantstakeholder, in order to develop its Ivorian Nickel-Copper and Cobaltproject in Côte d’Ivoire, West-Africa. For more information aboutSama, please visit Sama’s website at http://www.samaresources.com .
ABOUT IVANHOE ELECTRIC INC.
Ivanhoe Electric Inc. is a privately-owned company focused on makingtechnology-enabled metals discoveries for the electrification ofeverything. The Company deploys proprietary and disruptive technologythat de-risks mineral and water discoveries. Ivanhoe Electric isfocused on “electric metals” (copper, nickel, gold and silver)mining assets for the electric revolution. For further information,please visit www.ivanhoeelectric.com .
FOR FURTHER INFORMATION, PLEASECONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
OR
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
Neither the TSXV nor its RegulationServices Provider (as that term is defined in the policies of theTSXV) accepts responsibility for the adequacy or accuracy of thisrelease.
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 orresults to differ from those reflected in the forward-lookingstatements or forward-looking information, including, withoutlimitation, the ability of the company to convert resources inreserves, its ability to see through the next phase of development onthe project, its ability to produce a pre-feasibility study or afeasibility study regarding the project, its ability to execute on itsdevelopment plans in terms of metallurgy or exploration, theavailability of financing for activities, risks and uncertaintiesrelating to the interpretation of drill results and the estimation ofmineral resources and reserves, the geology, grade and continuity ofmineral deposits, the possibility that future exploration, developmentor mining results will not be consistent with the Company'sexpectations, metal price fluctuations, environmental and regulatoryrequirements, availability of permits, escalating costs of remediationand mitigation, risk of title loss, the effects of accidents,equipment breakdowns, labour disputes or other unanticipateddifficulties with or interruptions in exploration or development, thepotential for delays in exploration or development activities, theinherent uncertainty of cost estimates and the potential forunexpected costs and expenses, commodity price fluctuations, currencyfluctuations, expectations and beliefs of management and other risksand uncertainties.
In addition, forward-looking statements andforward-looking information are based on various assumptions. Shouldone or more of these risks and uncertainties materialize, or shouldunderlying assumptions prove incorrect, actual results may varymaterially from those described in forward-looking information orforward-looking statements. Accordingly, readers are advised not toplace undue reliance on forward-looking statements or forward-lookinginformation. Except as required under applicable securitieslegislation, the Company undertakes no obligation to publicly updateor revise forward-looking statements or forward-looking information,whether as a result of new information, future events orotherwise.
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