(TheNewswire)
Montreal, Quebec - TheNewswire - September 24, 2020 - SamaResources Inc. (" Sama "or the " Company ")(TSXV: SME ) | ( OTC :SAMMF ) is pleased to announce thatgeophysical activities have resumed on the Cote D'Ivoire nickelproject, with downhole electromagnetic (" EM ") surveys (" DHTEM ") planned in four deep drill holes atthe Yepleu target zone and in one deep drill hole at the Bounta targetzone. The holes at Yepleu andBounta were drilled in the early months of 2020, with both zones partof the large Yacouba Ultramafic-Mafic intrusive complex discovered bySama in 2010 (ref: Press Release: August 08, 2020), (Figure 1). The DHTEM surveys are using HPX TechCo Inc.'s (" HPX ")proprietary Typhoon (TM) electromagnetic geophysical transmitter (" Typhoon "), maximising power transmission for higher resolution atdepth.
Figure 1: Sama 2020's Typhoon surveyscompleted and target zones remaining .
DHTEM surveying is underway, startingwith borehole YE2020-03 (Figures 2 & 3) at the Yepleu zone, whichreturned 8.00 meters (" m ") ofmineralised material at 850 m from surface grading 0.31% nickel(" Ni ") and 0.24% copper(" Cu ") including 1.00 m at1.08% Ni, 1.29 % Cu and 0.18 gram per tonne (" gpt ") Palladium. The mineralizationencountered in YE2020-03 does not explain the very high conductivitytarget located nearby and defined by the previous Typhoon surface EMsurvey (15,000 conductivity thickness (" CT ")). DHTEM surveys will follow withboreholes YE2020-01 and YE2020-02. Both holes returned mineralization characterized by aggregates ofthe nickel, copper and iron sulphides - pentlandite, chalcopyrite andpyrrhotite, respectively.
DHTEM - Bounta TargetZone
The current DHTEM program includessurveying borehole BM2020-01 at the Bounta zone, a new discoverylocated midway between Samapleu and Yepleu. Borehole BM2020-01returned disseminated mineralization and a stringer of semi-massive tomassive sulphide grading 1.23% Ni and 1.14% Cu over 0.35 m at a depthof 540 m from surface (Photo 1). The mineralization encountered byBN2020-01 closely matched the moderately conductive EM plate but couldnot fully explain the high conductivity target defined by the Typhoonsurface EM survey (Figure 4). The DHTEM should delineate with moreaccuracy the centre of the strong conductor.
Figure2: Targets at the Yepleu sector showing the mineralized trend andresults from the three boreholes drilled in 2020.
Figure 3: Targets at the Yepleu
Photo 1: BN2020-1 semi-massive tomassive sulphides showing similar composition to that and seen atSamapleu and Yepleu returning 1.24% Ni and 1.14% Cu over 0.35 m at adepth of 540.2 m from surface.
Figure 4: The Typhoon target at theBounta sector together with boreholes BN2020-01. The mineralisationintercepted in BN2020-01 could not explain the high conductivitytarget (11,000 CT) defined by the surface Typhoon survey.
Three holes drilled at Yepleu(YE2020-01 to 03) were aimed at testing three Typhoon EM targets alonga mineralized trend of more than 4,500 m of strike length (Figure 2).The mineralized horizon starts near surface, reaches a depth of morethan 850 m toward the south-southwest and appears to remain open. Thevery strong conductive target at 850 m depth from surface defined byTyphoon surface EM (15,000 CT), remains unexplained.
About HPX
HPX is a privately-owned, U.S.-domiciled mineral exploration anddevelopment company. For further information, please visit www.hpxploration.com .
About Sama ResourcesInc.
Sama is a Canadian-based mineralexploration and development company with projects in West Africa. OnOctober 23, 2017, Sama announced that it had entered into a bindingterm sheet in view of forming a strategic partnership with HPX TechCoInc., a private mineral exploration company in which miningentrepreneur Robert Friedland is a significant stakeholder, in orderto develop its Cote d'Ivoire Nickel-Copper and Cobalt project in Coted'Ivoire, West-Africa. For more information about Sama, please visitSama's website at http://www.samaresources.com .
The technical information in thisrelease has been reviewed and approved by Dr. Marc-Antoine Audet,P.Geo and President and CEO of Sama, and a 'qualified person', asdefined by National Instrument 43-101 Standards of Disclosure forMineral Projects.
FOR FURTHERINFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMAINC.
Dr. Marc-Antoine Audet, President andCEO
Tel: (514) 726-4158
OR
Mr. Matt Johnston, CorporateDevelopment 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-LookingStatements
Certain 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 "evidence", "potential","appears", "seems", "suggest", aresubject to a variety of risks and uncertainties which could causeactual events or results to differ from those reflected in theforward-looking statements or forward-looking information, including,without limitation, the availability of financing for activities,risks and uncertainties relating to the interpretation of drillresults and the estimation of mineral resources and reserves, thegeology, 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 statementsand forward-looking information are based on various assumptions.Should one or more of these risks and uncertainties materialize, orshould underlying 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.
Copyright (c) 2020 TheNewswire - All rights reserved.