(TheNewswire)
Hole GR-21 intercepted 192 metres ofmineralisation including 12 metres of 0.82% nickel, 0.68% copper and0.99 gpt palladium and 108 metres at 0.32% nickel, 0.38% copper and0.50 gpt palladium
Montréal, Quebec, - TheNewswire - Oct 27, 2022 – Sama ResourcesInc. (“Sama” or the “Company”)(TSXV:SME ) ( OTC:SAMMF) is pleased to announce the assay results from 3additional drill holes from the 2021-22 drilling campaign at the GrataNickel–Copper–Palladium prospect. Sama has drilled a total of 64drill holes totalling 15,924 metres at the project in 2022 with 45drill holes totalling 14,995 metres at Grata alone. The assay resultsfor holes GR-21 to GR-23 are summarized in this release, withremaining results pending.
“We are very pleased withGrata’s latest drill results as it continued confirming thepotential to significantly enhance the combined Samapleu-Grata surfacemineral resources. Metallurgical studies are ongoing using both theSamapleu and Grata material with the aim of producing a revisedeconomic assessment in 2023. ” stated Dr.Marc-Antoine Audet, President & CEO of Sama Resources Inc.
Dr Audet added “Samapleu and Grata are only 2 localised areaswithin our property package. There are more than 20 areas showingsimilar or better geophysical responses that are yet to beinvestigated.”
Assays results for 3 holes (GR-21 to GR-23) drilled inQ1 2022 are presented in Table1 . Table2 is summarizing significant assay resultsobtained up to date for Grata drill holes. All measurements are corelengths and may not represent true geological widths.
Table 1: Summary of 2021-22 drilling program atGrata . Results for GR-21 toGR-23 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-21 | 247.40 | 23.00 | 108.20 | 0.32 | 0.38 | 0.02 | 0.50 | 0.14 | 0.05 |
includes | 0.10 | 0.90 | 1.51 | 0.04 | 2.17 | 0.05 | 0.08 | ||
includes | 0.30 | 0.53 | 0.74 | 0.02 | 1.32 | 0.17 | 0.13 | ||
includes | 3.65 | 0.62 | 2.05 | 0.03 | 1.30 | 1.08 | 0.09 | ||
includes | 0.25 | 0.98 | 1.17 | 0.04 | 0.75 | 0.09 | 0.18 | ||
includes | 11.85 | 0.82 | 0.68 | 0.03 | 0.99 | 0.09 | 0.02 | ||
includes | 1.20 | 1.42 | 0.38 | 0.05 | 1.03 | 0.06 | 0.10 | ||
includes | 3.80 | 0.84 | 1.00 | 0.03 | 1.03 | 0.23 | 0.05 | ||
includes | 0.30 | 0.52 | 0.95 | 0.03 | 0.82 | 0.08 | 0.06 | ||
includes | 0.40 | 0.62 | 1.80 | 0.03 | 0.91 | 0.08 | 0.17 | ||
includes | 0.15 | 1.09 | 0.54 | 0.04 | 1.23 | 0.04 | 0.03 | ||
includes | 0.10 | 0.63 | 1.53 | 0.03 | 1.13 | 0.10 | 0.09 | ||
133.45 | 15.20 | 0.23 | 0.34 | 0.01 | 0.31 | 0.06 | 0.05 | ||
includes | 0.20 | 0.71 | 0.55 | 0.03 | 0.81 | 0.02 | 0.06 | ||
includes | 0.85 | 0.83 | 1.69 | 0.04 | 1.17 | 0.08 | 0.10 | ||
150.80 | 52.20 | 0.22 | 0.17 | 0.01 | 0.19 | 0.09 | 0.05 | ||
includes | 0.85 | 1.98 | 0.48 | 0.07 | 1.61 | 0.02 | 0.02 | ||
231.30 | 16.10 | 0.18 | 0.14 | 0.01 | 0.15 | 0.08 | 0.04 | ||
GR-22 | 179.65 | 54.10 | 11.85 | 0.18 | 0.38 | 0.01 | 0.46 | 0.31 | 0.06 |
includes | 0.20 | 0.59 | 1.04 | 0.02 | 1.14 | 0.12 | 0.09 | ||
72.45 | 2.35 | 0.16 | 0.35 | 0.01 | 0.28 | 3.20 | 0.04 | ||
83.90 | 25.05 | 0.31 | 0.36 | 0.01 | 0.37 | 0.06 | 0.03 | ||
includes | 4.55 | 0.82 | 0.73 | 0.03 | 0.92 | 0.09 | 0.02 | ||
includes | 0.15 | 0.69 | 2.63 | 0.03 | 1.10 | 0.03 | 0.06 | ||
includes | 1.30 | 0.64 | 2.50 | 0.03 | 1.00 | 0.15 | 0.22 | ||
includes | 0.25 | 1.07 | 0.61 | 0.04 | 0.94 | 0.32 | 0.17 | ||
160.30 | 5.80 | 0.16 | 0.12 | 0.01 | 0.12 | 0.08 | 0.04 | ||
170.30 | 4.10 | 0.23 | 0.27 | 0.01 | 0.25 | 0.04 | 0.03 | ||
GR-23 | 262.10 | 46.10 | 11.65 | 0.12 | 0.03 | 0.01 | 0.02 | 0.01 | 0.00 |
61.10 | 18.70 | 0.12 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | ||
97.30 | 18.30 | 0.11 | 0.06 | 0.01 | 0.03 | 0.01 | 0.00 | ||
120.00 | 23.00 | 0.13 | 0.06 | 0.01 | 0.06 | 0.01 | 0.00 | ||
151.10 | 4.10 | 0.14 | 0.14 | 0.01 | 0.13 | 0.08 | 0.04 | ||
170.00 | 15.20 | 0.10 | 0.08 | 0.01 | 0.08 | 0.10 | 0.03 | ||
206.20 | 3.80 | 0.11 | 0.11 | 0.01 | 0.07 | 0.09 | 0.03 | ||
219.10 | 7.40 | 0.12 | 0.10 | 0.01 | 0.07 | 0.11 | 0.02 | ||
229.50 | 32.60 | 0.12 | 0.03 | 0.01 | 0.05 | 0.03 | 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 intersections forhole GR-21 returning a combined 191.70 m of mineralised materialincluding 11.85 m grading 0.82% Ni, 0.68% Cu and 0.99 gpt of Pd and 108.20 m at 0.32% Ni, 0.38% Cu and 0.50 gpt Pd. Hole GR-22intersected a combined 49.15 m of mineralised material including 4.55m at 0.82% Ni, 0.73% Cu and 0.92 gpt Pd. Hole GR-25 intersected acombined 179.85 m including 37.40 m at 0.24% Ni, 0.45% Cu and 0.54 gptPd and 116.95 m at 0.23% Ni, 0.23% Cu and 0.32 gpt Pd.
The mineralisation at Grata is similar in compositionto the Samapleu deposit (“ Samapleu ”) but shows a higher proportion ofchalcopyrite. Metallurgical studies are ongoing using Grata andSamapleu material.
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.
Table 2: Summary results of2021-22 drilling program at Grata using acut-of-grade of 0.1% nickel
-
GR-03 intersected 147 m at 0.26% Ni, 0.29% Cu and 0.25gpt Pd
including 56.00 m at 0.39% Ni, 0.45%Cu and 0.33 gpt Pd
-
GR-04 intersected 141 m at 0.38% Ni and 0.37% Cu
including 6.40 m grading 1.05% Ni,1.28% Cu and 0.48 gptPd
including6.60 m grading 0.73% Ni, 0.38% Cu and 0.30 gpt Pd
-
GR-05 intersected 117 m at 0.29% Ni, 0.31% Cu 0.42 gptPd
-
GR-06 intersected 128 m at 0.30% Ni, 0.35% Cu 0.47 gptPd
including 14.00m @ 0.86% Ni, 1.49%Cu & 1.38 gpt Pd
-
GR-06B intersected 60 m at 0.36% Ni, 0.40% Cu, 0.53 gptPd
including 7.70m at 1.28%Ni, 1.45%Cu and 1.92 gpt Pd
-
GR-06C intersected 116 m at 0.26% Ni, 0.25% Cu, 0.62gpt Pd
including 9.05m at 0.81%Ni, 0.84%Cu and 1.03 gpt Pd
-
GR-07 intersected 22 m at 0.41% Ni, 0.28% Cu 0.43 gptPd
-
GR-08 intersected 298 m at 0.24% Ni, 0.20% Cu, 0.23 gptPd including:
including 2.85 m at 1.68%Ni, 1.28%Cu and 1.12 gpt Pd
including 4.25 m at 0.82%Ni, 0.55%Cu and 0.56 gpt Pd
including 2.65 m at 1.47%Ni, 1.82%Cu and 1.19 gpt Pd
-
GR-11 intersected 212 m at 0.28% Ni, 0.30% Cu 0.32 gptPd
including 8.20m at 0.84% Ni, 1.10%Cu & 1.24 gpt Pd
numerousnarrow massive and semi-massive stringers
-
GR-12 intersected 239 m at 0.30%Ni
including 8.50 m at 0.86% Ni, 0.79%Cu and 1.0 gpt Pd
-
GR-15 intercepted 199 m at 0.30% Ni, 0.30% Cu
including 3.40 m at 1.48% Ni, 1.85%Cu and 2.11 gpt Pd
and acombined of 12.10 m at 0.83% Ni, 0.82% Cu and 0.79 gpt Pd
including 8.10 m at 1.00% Ni, 0.81% Cu and 1.13gpt Pd
-
GR-18 intercepted 146 m at 0.17% Ni, 0.13% Cu
including 0.95 m at 1.01% Ni,1.14% Cu and 0.78 gpt Pd
-
GR-19 intercepted 233 m at 0.19% Ni, 0.17% Cu
including 3.25 m at 0.98% Ni, 0.90% Cu and 1.61gpt Pd
-
GR-21 intercepted 198 m at 0.27% Ni, 0.29% Cu
including 11.85 m at 0.82% Ni, 0.68% Cu and 0.99gpt Pd
including 3.80 m at 0.84% Ni, 1.00% Cu and 1.03gpt Pd
including 3.65 m at 0.62% Ni, 2.05% Cu and 1.30gpt Pd
-
GR-22 intercepted 51 m at 0.25% Ni, 0.32% Cu
including 4.55 m at 0.82% Ni, 0.73% Cu and 0.92gpt Pd
Assays results are pending for 19 remaining DDH
Figure 1: Newly discovered zone at Grata is located 5km east of Samapleu, the image displays current and historic drilling.
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 is exceeding 400 metres from surface.
Figure 3: Cross-section SW-NE at Grata showing theinterpreted subvertical mineralised horizons. Assay results for 19holes 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.
Neither the TSXV nor its Regulation Services Provider(as that term is defined in the policies of the TSXV) acceptsresponsibility for the adequacy or accuracy of this release.
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