(TheNewswire)
Hole GR-17 intercepted 303 metres ofmineralisation including 8.1 metres of 1.00% nickel, 0.81% copper and1.13 gpt palladium
Hole GR-15 intercepted 199 metres ofmineralisation including 8.5 metres of 0.86% nickel, 0.86% copper and1.00 gpt palladium
Montréal, Quebec – TheNewswire - Sept 07, 2022 – Sama Resources Inc. (“Sama” or the “Company”) (TSXV:SME ) ( OTC:SAMMF) ispleased to announce the assay results from additional drilling fromthe 2021-22 drilling campaign at the Grata Nickel–Copper–Palladiumprospect. To date, Sama has drilled a total of 64 drill holestotalling 15,924 metres at the project in 2022 with 45 drill holestotalling 14,995 metres at Grata alone. The assay results for holesGR-12 to GR-19b are summarized in this release, remaining results arepending.
Highlights
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15,924 metres in 64 holes drilled todate at the Samapleu-Grata-Yepleu deposits
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8,000 metres initiallybudgeted
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Mineralised intersections are up to303 metres in thickness from surface.
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Results confirm mineralisation over850 metres of strike
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Assays results are pending for 22remaining Grata drill holes
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Detailed metallurgical studies onGrata material are ongoing
“Given our successful drill efforts to date at theGrata discovery, we are expecting to enhance our mineral resources forthe entire project. Today’s results continue to demonstrate theupside potential of the Grata deposit but also for the entireproperty” stated Dr. Marc-Antoine Audet, President & CEO of SamaResources Inc.
Mr. Audet added: “We will continue exploring theGrata prospect for massive sulphide lenses and accumulations withinthis large feeder zone of the Yacouba ultramafic-mafic intrusivecomplex while pursuing multiple other promising targets within theSamapleu-Yepleu exploration area that have been totallyunexplored.
Assays results for 9 holes (GR-12 to GR-19b) drilled inQ1 2022 are presented in Table1 . All measurements are core lengths and may notrepresent true geological widths.
Table 1: Summary of 2021-22 drilling program atGrata . Results for GR-12 toGR-19b using a cut-of-grade of 0.1%nickel.
Sequence | Hole Length | From | Length | Ni | Cu | Co | Pd | Pt | Au |
m | m | m | % | % | % | gpt | gpt | gpt | |
GR-12 | 488 | 117.80 | 31.50 | 0.29 | 0.30 | 0.01 | 0.36 | 0.07 | 0.04 |
includes | 1.55 | 0.92 | 1.08 | 0.03 | 1.16 | 0.18 | 0.07 | ||
includes | 4.85 | 0.66 | 0.83 | 0.02 | 0.94 | 0.07 | 0.04 | ||
153.35 | 126.65 | 0.31 | 0.26 | 0.02 | 0.30 | 0.13 | 0.04 | ||
includes | 8.45 | 0.86 | 0.79 | 0.04 | 1.00 | 0.44 | 0.04 | ||
includes | 1.00 | 1.78 | 0.92 | 0.08 | 1.58 | 0.03 | 0.02 | ||
includes | 0.60 | 0.95 | 1.62 | 0.05 | 0.55 | 0.07 | 0.15 | ||
includes | 1.00 | 0.51 | 0.43 | 0.03 | 0.19 | 0.04 | 0.10 | ||
284.50 | 41.00 | 0.20 | 0.18 | 0.02 | 0.20 | 0.10 | 0.04 | ||
331.20 | 3.80 | 0.29 | 0.47 | 0.02 | 0.33 | 0.12 | 0.04 | ||
442.65 | 34.75 | 0.34 | 0.29 | 0.02 | 0.38 | 0.10 | 0.04 | ||
includes | 6.15 | 0.61 | 0.37 | 0.03 | 0.51 | 0.09 | 0.03 | ||
481.50 | 1.40 | 0.11 | 0.07 | 0.01 | 0.10 | 0.03 | 0.02 | ||
GR-13 | 259 | 25.35 | 18.55 | 0.24 | 0.35 | 0.01 | 0.41 | 0.12 | 0.05 |
47.05 | 114.25 | 0.23 | 0.22 | 0.01 | 0.35 | 0.15 | 0.05 | ||
includes | 1.15 | 0.68 | 0.95 | 0.03 | 0.99 | 0.20 | 0.17 | ||
includes | 2.95 | 0.57 | 0.39 | 0.03 | 0.72 | 0.15 | 0.06 | ||
includes | 2.55 | 0.63 | 0.49 | 0.03 | 0.85 | 0.15 | 0.04 | ||
164.00 | 29.50 | 0.14 | 0.14 | 0.01 | 0.14 | 0.11 | 0.03 | ||
196.00 | 9.50 | 0.13 | 0.11 | 0.01 | 0.14 | 0.10 | 0.03 | ||
212.70 | 16.85 | 0.31 | 0.24 | 0.02 | 0.56 | 0.06 | 0.03 | ||
includes | 1.55 | 1.55 | 0.84 | 0.06 | 1.91 | 0.08 | 0.04 | ||
GR-14 | 458 | 23.60 | 127.90 | 0.33 | 0.26 | 0.02 | 0.37 | 0.13 | 0.05 |
includes | 0.45 | 1.06 | 1.58 | 0.04 | 1.00 | 0.05 | 0.06 | ||
includes | 1.05 | 1.25 | 0.30 | 0.05 | 1.42 | 0.24 | 0.05 | ||
includes | 3.05 | 1.66 | 1.65 | 0.06 | 0.91 | 0.04 | 0.11 | ||
includes | 0.40 | 2.18 | 1.03 | 0.08 | 0.43 | 0.17 | 0.05 | ||
includes | 0.85 | 0.78 | 0.43 | 0.03 | 0.88 | 0.07 | 0.02 | ||
includes | 0.15 | 2.21 | 0.19 | 0.08 | 0.53 | 0.15 | 0.07 | ||
includes | 0.50 | 1.66 | 0.62 | 0.06 | 1.74 | 0.13 | 0.04 | ||
includes | 0.90 | 0.50 | 0.48 | 0.02 | 0.74 | 0.30 | 0.16 | ||
includes | 1.00 | 0.54 | 0.52 | 0.02 | 0.85 | 0.29 | 0.10 | ||
includes | 1.30 | 0.59 | 0.59 | 0.03 | 0.69 | 0.11 | 0.06 | ||
includes | 2.25 | 0.67 | 0.43 | 0.03 | 0.47 | 0.08 | 0.05 | ||
156.00 | 21.00 | 0.10 | 0.06 | 0.01 | 0.07 | 0.11 | 0.03 | ||
255.00 | 9.85 | 0.15 | 0.13 | 0.01 | 0.33 | 0.08 | 0.04 | ||
273.50 | 4.50 | 0.12 | 0.02 | 0.01 | 0.03 | 0.01 | 0.01 | ||
294.75 | 0.15 | 0.46 | 0.40 | 0.02 | 0.79 | 1.54 | 0.06 | ||
297.30 | 17.45 | 0.21 | 0.10 | 0.01 | 0.24 | 0.07 | 0.03 | ||
includes | 0.60 | 1.40 | 0.35 | 0.06 | 0.98 | 0.02 | 0.02 | ||
336.00 | 12.60 | 0.13 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | ||
354.50 | 44.50 | 0.24 | 0.23 | 0.02 | 0.20 | 0.11 | 0.04 | ||
includes | 1.50 | 0.64 | 0.42 | 0.04 | 0.60 | 0.09 | 0.06 | ||
401.50 | 12.95 | 0.11 | 0.09 | 0.01 | 0.10 | 0.07 | 0.03 |
Sequence | Hole Length | From | Length | Ni | Cu | Co | Pd | Pt | Au |
m | m | m | % | % | % | gpt | gpt | gpt | |
GR-15 | 253 | 22.40 | 20.85 | 0.21 | 0.19 | 0.01 | 0.32 | 0.12 | 0.02 |
includes | 0.70 | 2.02 | 1.29 | 0.09 | 3.03 | 1.04 | 0.04 | ||
46.25 | 5.55 | 0.97 | 1.20 | 0.04 | 1.40 | 0.32 | 0.03 | ||
includes | 3.35 | 1.48 | 1.85 | 0.06 | 2.11 | 0.23 | 0.05 | ||
56.50 | 4.00 | 0.53 | 0.70 | 0.02 | 0.82 | 0.11 | 0.05 | ||
65.80 | 11.30 | 0.29 | 0.60 | 0.01 | 0.44 | 0.08 | 0.08 | ||
82.85 | 156.85 | 0.28 | 0.27 | 0.02 | 0.28 | 0.12 | 0.04 | ||
includes | 4.55 | 0.66 | 0.88 | 0.03 | 0.09 | 0.96 | 0.02 | ||
includes | 3.50 | 0.93 | 0.72 | 0.04 | 1.02 | 0.11 | 0.12 | ||
includes | 1.65 | 0.62 | 0.97 | 0.02 | 0.61 | 2.80 | 0.06 | ||
includes | 2.40 | 1.17 | 0.76 | 0.04 | 1.20 | 0.06 | 0.07 | ||
GR-16 | 250 | 21.00 | 103.30 | 0.21 | 0.08 | 0.01 | 0.21 | 0.06 | 0.02 |
includes | 0.85 | 1.01 | 0.94 | 0.05 | 1.23 | 0.62 | 0.06 | ||
includes | 1.50 | 0.51 | 0.78 | 0.02 | 1.76 | 0.77 | 0.14 | ||
131.55 | 14.30 | 0.57 | 0.62 | 0.02 | 0.78 | 0.08 | 0.06 | ||
includes | 4.00 | 1.33 | 1.09 | 0.05 | 1.65 | 0.08 | 0.07 | ||
includes | 0.95 | 0.51 | 0.79 | 0.02 | 0.69 | 0.15 | 0.06 | ||
190.55 | 4.45 | 0.38 | 0.28 | 0.02 | 0.27 | 0.06 | 0.02 | ||
includes | 0.45 | 1.32 | 0.52 | 0.06 | 0.63 | 0.08 | 0.02 | ||
includes | 0.30 | 1.19 | 0.83 | 0.06 | 0.85 | 0.03 | 0.03 | ||
GR-17 | 361 | 33.00 | 113.00 | 0.28 | 0.25 | 0.01 | 0.28 | 0.12 | 0.05 |
includes | 0.20 | 1.53 | 2.34 | 0.05 | 2.15 | 0.04 | 0.12 | ||
includes | 2.80 | 0.93 | 0.74 | 0.04 | 1.10 | 0.10 | 0.03 | ||
151.10 | 34.75 | 0.22 | 0.17 | 0.01 | 0.13 | 0.09 | 0.04 | ||
197.35 | 63.75 | 0.39 | 0.41 | 0.02 | 0.42 | 0.11 | 0.04 | ||
includes | 0.30 | 1.30 | 0.84 | 0.05 | 1.07 | 0.03 | 0.03 | ||
includes | 0.65 | 0.61 | 0.52 | 0.03 | 0.64 | 0.20 | 0.06 | ||
includes | 0.25 | 0.94 | 1.14 | 0.04 | 1.08 | 0.05 | 0.18 | ||
includes | 0.85 | 0.58 | 0.87 | 0.03 | 0.65 | 0.05 | 0.05 | ||
includes | 8.05 | 1.00 | 0.81 | 0.04 | 1.13 | 0.14 | 0.05 | ||
263.15 | 91.65 | 0.21 | 0.26 | 0.01 | 0.65 | 0.16 | 0.09 | ||
includes | 1.50 | 0.73 | 1.08 | 0.03 | 1.60 | 0.11 | 0.07 | ||
includes | 0.35 | 1.20 | 1.27 | 0.06 | 4.86 | 1.12 | 0.13 | ||
includes | 1.60 | 0.55 | 0.73 | 0.03 | 2.38 | 0.37 | 0.25 | ||
includes | 0.20 | 1.12 | 0.82 | 0.05 | 2.29 | 0.12 | 0.28 | ||
includes | 0.30 | 0.82 | 0.39 | 0.03 | 8.64 | 1.97 | 0.03 | ||
includes | 1.95 | 0.52 | 0.88 | 0.02 | 0.81 | 0.10 | 0.19 | ||
GR-18 | 404 | 23.8 | 18.2 | 0.12 | 0.05 | 0.01 | 0.10 | 0.08 | 0.02 |
45.65 | 113.25 | 0.18 | 0.15 | 0.01 | 0.15 | 0.10 | 0.03 | ||
includes | 0.2 | 0.63 | 0.69 | 0.03 | 0.52 | 0.33 | 0.06 | ||
includes | 0.95 | 1.01 | 1.14 | 0.05 | 0.78 | 0.04 | 0.16 | ||
222.15 | 5.4 | 0.16 | 0.10 | 0.01 | 0.10 | 0.08 | 0.02 |
Sequence | Hole Length | From | Length | Ni | Cu | Co | Pd | Pt | Au |
m | m | m | % | % | % | gpt | gpt | gpt | |
GR-19 | 418 | 27.20 | 21.50 | 0.12 | 0.03 | 0.01 | 0.03 | 0.01 | 0.00 |
55.50 | 85.25 | 0.21 | 0.26 | 0.01 | 0.15 | 0.09 | 0.05 | ||
includes | 3.80 | 0.62 | 1.06 | 0.03 | 1.12 | 0.27 | 0.20 | ||
includes | 3.25 | 0.98 | 0.90 | 0.04 | 1.61 | 0.31 | 0.05 | ||
includes | 0.30 | 0.67 | 1.40 | 0.03 | 1.39 | 0.07 | 0.17 | ||
includes | 0.20 | 0.61 | 0.60 | 0.03 | 0.26 | 0.09 | 0.06 | ||
155.50 | 7.25 | 0.15 | 0.13 | 0.01 | 0.48 | 0.19 | 0.02 | ||
182.90 | 34.00 | 0.20 | 0.18 | 0.01 | 0.15 | 0.08 | 0.04 | ||
includes | 0.20 | 0.53 | 0.47 | 0.03 | 0.22 | 0.09 | 0.05 | ||
includes | 0.35 | 0.53 | 0.45 | 0.03 | 0.37 | 0.11 | 0.02 | ||
includes | 0.30 | 0.54 | 1.10 | 0.03 | 0.40 | 0.18 | 0.03 | ||
includes | 0.25 | 1.10 | 1.56 | 0.05 | 0.94 | 0.08 | 0.25 | ||
includes | 0.35 | 0.67 | 0.70 | 0.03 | 0.33 | 0.30 | 0.04 | ||
229.00 | 6.00 | 0.11 | 0.08 | 0.01 | 0.15 | 0.12 | 0.03 | ||
254.75 | 7.80 | 0.13 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | ||
306.80 | 58.90 | 0.21 | 0.14 | 0.02 | 0.15 | 0.09 | 0.05 | ||
includes | 0.40 | 0.99 | 0.46 | 0.04 | 0.44 | 0.10 | 0.08 | ||
GR-19B | 400 | 88.15 | 12.85 | 0.19 | 0.31 | 0.01 | 0.17 | 0.10 | 0.08 |
141.50 | 90.00 | 0.21 | 0.23 | 0.01 | 0.17 | 0.11 | 0.04 | ||
252.50 | 13.50 | 0.14 | 0.21 | 0.01 | 0.20 | 0.10 | 0.05 | ||
273.90 | 106.75 | 0.25 | 0.23 | 0.02 | 0.25 | 0.12 | 0.03 | ||
includes | 0.30 | 1.23 | 0.50 | 0.05 | 0.71 | 2.79 | 0.04 | ||
includes | 0.50 | 0.95 | 1.42 | 0.05 | 0.66 | 0.03 | 0.07 | ||
includes | 1.75 | 0.68 | 1.20 | 0.03 | 0.48 | 0.05 | 0.04 | ||
includes | 0.70 | 0.50 | 0.40 | 0.03 | 0.65 | 0.09 | 0.06 | ||
includes | 0.35 | 0.92 | 0.32 | 0.04 | 0.91 | 0.09 | 0.03 | ||
includes | 0.50 | 0.84 | 0.53 | 0.04 | 0.78 | 0.53 | 0.02 | ||
includes | 0.80 | 0.81 | 0.49 | 0.04 | 0.76 | 0.06 | 0.04 | ||
includes | 0.25 | 1.05 | 0.8 | 0.04 | 1.8 | 0.19 | 0.08 | ||
386.45 | 6.10 | 0.14 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 |
Grata: Latest discovery in theYacouba Ultramafic-Mafic (“UM”) Intrusive Complex
In September 2021, Sama announced the Grata discoverylocated 5 kilometres east of the Samapleu deposit ( Figure 1 ).
The discovery hole, GR-03 ( Figure 2 ), drilled inJune 2021, returned a 310-metre sequence of pyroxenite and gabbrocontaining a 147-metre interval of disseminated sulfides and severalintersections of semi-massive sulphide mineralisation. The second hole, GR-04,confirmed the width of the mineralised zone with a 141-metremineralised intersection including 6.4 metres(“m”) grading 1.05% nickel (“Ni”) , 1.28%copper (“Cu”) and 0.48 grams per tonnes (“ gpt”) palladium (“Pd”) and 6.6 mgrading 0.73% Ni, 0.38% Cu and 0.30 gpt Pd.
This release discloses mineralised intersectionsranging from 134 m (GR-16) to 303 m (GR-17). Hole GR-17 returned acombined 303 m of mineralised material, including 8.1 m grading 1.00%Ni, 0.81% Cu and 1.13 gpt of Pd and 2.8 m at 0.93% Ni, 0.74%Cu and 1.10 gpt Pd. Hole GR-12 intersected a combined 239 m ofmineralised material grading 0.30% Ni including 8.5 m at 0.86% Ni,0.79% Cu and 1.0 gpt Pd. Hole GR-15 intersected a combined 199 mgrading 0.30% Ni and 0.30% Cu including 3.4 m at 1.48% Ni, 1.85% Cuand 2.11 gpt Pd.
The mineralisation at Grata is similar in compositionto the Samapleu deposit (“ Samapleu ”) but shows a higher proportion ofchalcopyrite.
Sama’s goal is to increase mineral resources atSamapleu and Grata as well as searching for massive sulphide veins andlenses that could have accumulated at depth in traps and embaymentsalong the feeder system of the Yacouba UM Intrusive Complex.
Figure 1: Newly discovered zone at Grata is located 5km east of Samapleu, Image displays current and historic drilling. Atotal of 15 additional holes for 3,111 metres were drilled.
Figure 2: Surface layout for the 45 holes drilled atthe Grata property. Current mineralisation is extending over a strikelength of 850 metres, open on both ends. The depth extension ofmineralisation exceeds 400 metres from surface.
Figure 3: Cross-section SW-NE at Grata showing theinterpreted subvertical mineralised horizons. Assay results for 28holes out of the 45 holes drilled to date, are still pending.
QA/QC
Co re logging and sampling wasperformed at Sama’s Samapleu and Yepleu field facilities. Samplepreparation was conducted at the Bureau VeritasMineral Laboratory in Abidjan, Ivory Coast . Sample pulps were delivered to Activation Laboratories Ltd, Ancaster and Thunder Bay,Ontario, Canada, for assaying. All samples were assayed for Ni, Cu, Co, Pt, Pd, Au, Fe andS.
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, and a ‘qualified person’, asdefined by National Instrument 43-101 Standards of Disclosure forMineral Projects.
ABOUT SAMA RESOURCES INC.
Sama is a Canadian-based ,growth-oriented resource company focused on exploring the SamapleuNickel– Copper project in Ivory Coast, West Africa. The Company ismanaged by experienced industry professionals with a strong trackrecord of discovery. Sama, is committed to develop and exploit theSamapleu Ni-Cu and Platinum Group of Elements Resources.
Sama’s projects are located approximately 600 kmnorthwest of Abidjan in Côte d’Ivoire and straddle both sides ofthe Ivorian and Guinean borders in West Africa. Sama’s projects arelocated adjacent to the large world-class nickel-cobalt lateritedeposits of Sipilou and Foungouesso forming a 125 km long new BaseMetal Camp in West Africa.
Sama owns 70% interest in the Ivory Coast project withits joint venture partner Ivanhoe Electric owning 30%. IvanhoeElectric has the option to purchase up to a 60% interest in theproject. 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 anAmerican technology and mineral exploration company that isre-inventing mining for the electrification of everything by combiningadvanced mineral exploration technologies, renewable energy storagesolutions and electric metals projects predominantly located in theUnited States.
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
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.
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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