(TheNewswire)
Montréal, QC - TheNewswire - Feb, 07, 2023 - Sama Resources Inc. (“ Sama ” or the “ Company ”) (TSX-V:SME ) ( OTC:SAMMF) is pleased to announce assay results for seven additionaldrill holes from the 2021-22 drilling campaign at the Gratanickel-copper prospect. The assay results for holes GR-27, GR-30,GR-33-34 and GR-39 to 41 at Grata are summarized in this release( Table 1 ). Assays results for one hole drilled at the Grata depositare pending.
Highlights:
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Hole GR-30 intersected a total of 224 metres ofmineralisation including 30.5 metres grading 0.45% nickel,0.42% copper and 0.34gpt palladium in addition to a further 32.0 metresgrading 0.33% nickel, 0.42% copper and 0.27gpt palladium . Semi-massive sulphide lenses returningnickel grades of 1.20 % and 2.07% are present. Hole GR-30 alsointersected 24.0 metres grading 1.57% nickel as oxide material(saprolite).
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Hole GR-27 intersected 193 metres ofmineralisation including 3.45 metres grading 0.63% nickel and 2.96%copper.
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Hole GR-40 intersected 106 metres ofmineralisation including 83.9 metres grading 0.29% nickel, 0.33%copper and 0.27gpt palladium.
“ Today’s highlighted intersections fromthe 2021-22 diamond drill program confirm mineralisation on strike anddown dip within the Grata prospect within the newly discoveredultramafic feeder. ” stated Dr. Marc-Antoine Audet, President& CEO of Sama Resources Inc. Dr. Audet added “ Less than two years after the discoveryhole GR-03, we are please to provide the summary of mineralisedintersections for holes drilled at the Grata prospect. We areconfident that Grata will contribute significantly to the globalmineral inventory for the Samapleu-Grata cluster ofdeposits.”
Sama’s Ivorian project is comprised of fiveexploration permits covering 850 square kilometres. More than twentytargets were outlined from geophysical surveys, out of which onlythree zones have been explored ( Figure 1 ).
Assays results for seven holes (GR-27, GR-30, GR-33-34and GR-39-41) are presented in Table 1 . All measurements are core lengths andmay not represent true geological widths. Figure 2 provides thelocations of these seven holes.
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 ). This release discloses results for seven holesand also presents the summary results for all holesdrilled at Grata in the 2021-22 drilling campaign ( Table2) .
Hole GR-27 returned 193 metres(“ m ”) grading 0.26% nickel(“ Ni ”), 0.21% copper (“ Cu ”) and 0.37gram per ton (“ gpt ”) palladium(“ Pd ”) including 3.45 m grading 0.63% Ni, 2.96% Cu and 0.78gptPd.
Hole GR-30 intersected a total of224 m of mineralised material including 30.5 m grading 0.45% Ni, 0.42%Cu and 0.34gpt Pd and 32.0 m grading 0.33% Ni, 0.42% Cu and 0.27gptPd. There are numerous zones of semi-massive sulphide lensesreturning grades of 1.20 % Ni and 2.07% Ni. Hole GR-30 alsointersected 24.0 m of mineralised saprolite (part of the lateriticweathered profile) from 27.9 m down to 54.9 m grading 1.57% Ni.
Hole GR-40 drilled to test the north-west(“ NW ”) extension of the Grata mafic-ultramafic feeder along thesame section as holes GR-06 to 06D and GR-12 ( Figure 5 ) intersected106 m grading 0.28% Ni and 0.29% Cu.
Sama drilled a total of 85 holes totalling 26,787 m atthe Ivory Coast project in 2021-22, including 45 drill holes totalling14,893 m at the Grata prospect and 21 holes for 5,643 m at theSamapleu deposit (“ Samapleu ”).
The mineralisation at Grata is similar in compositionto the Samapleu deposit but shows a higher proportion of chalcopyrite.Metallurgical studies are ongoing using Grata and Samapleu material(Ref: PR 2023-02 January 17, 2023).
Sama’s goal is to increase mineral resources atSamapleu and Grata as well as to search 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 1: Results for GR-27, GR-30, GR-33-34 and GR-39 to 41, using a cut-of-grade of 0.1% nickel .
Table 1: continued
Figure 1: Samapleu project showing the Samapleudeposits and the Grata prospect (blue circles) together with targetareas for detailed exploration (red circles). Conductivity fromairborne surveys (2013 & 2018) is shown in the background.
Figure 2: The Grata prospect is located five kilometreseast of the Samapleu deposits. Current and historic drilling arepresented together with the seven holes reported in this pressrelease.
Figure 3: Grataprospect, vertical section NW-SE showing holesGR-30 and GR-34.
Figure 4: Grataprospect, vertical section NW-SE showing holes GR-27 andGR-33 .
Figure 5: Grata prospect, vertical section NW-SEshowing hole GR-40.
Table 2: Summary results forholes drilled at Grata in the 2021-22 drilling campaign.
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GR-03 intersected 199 m at 0.23% Ni, 0.24% Cu and 0.18gpt Pd
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including 76.00 m at 0.30% Ni, 0.34% Cu and 0.24gpt Pd
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GR-04 intersected 141 m at 0.38% Ni and 0.37% Cu and 67m at 0.19% NI and 0.22% cu.
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including 6.40 m at 1.05% Ni, 1.28% Cu and 0.48 gptPd
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including 6.60 m at 0.73% Ni, 0.38% Cu and 0.30 gptPd
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GR-05 intersected 117 m at 0.29% Ni, 0.31% Cu and 0.42gpt Pd
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GR-06 intersected 256 m at 0.28% Ni, 0.31% Cu and 0.37gpt Pd
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GR-06B intersected 60 m at 0.36% Ni, 0.40% Cu and 0.53gpt Pd
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including 7.70 m at 1.28% Ni, 1.45% Cu and 1.92 gptPd
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GR-06C intersected 131 mat 0.26% Ni, 0.24% Cu and 0.60 gpt Pd
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GR-06D intersected 205 m at 0.26% Ni, 0.29% Cu and 0.29gpt Pd
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GR-07 intersected 22 m at 0.41% Ni, 0.28% Cu and 0.43gpt Pd
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GR-08 intersected 298 m at 0.24% Ni, 0.20% Cu and 0.23gpt Pd
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including 2.85 m at 1.68% Ni, 1.28% Cu and 1.12 gptPd
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including 4.25 m at 0.82% Ni, 0.55% Cu and 0.56 gptPd
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including 2.65 m at 1.47% Ni, 1.82% Cu and 1.19 gptPd
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GR-11 intersected 217 m at 0.28% Ni, 0.30% Cu and 0.32gpt Pd
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including 8.20 m at 0.84% Ni, 1.10% Cu and 1.24 gptPd
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GR-12 intersected 239 m at 0.30% Ni
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including 8.50 m at 0.86% Ni, 0.79% Cu and 1.00 gptPd
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GR-13 intersected 199 m at 0.23% Ni
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including 4.00 m at 0.67% Ni, 0.59% Cu and 0.11 gptPd
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GR-14 intersected 272 m at 0.25% Ni
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including 3.05 m at 1.65% Ni, 1.66% Cu and 0.91 gptPd
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GR-15 intersected 214 m at 0.29% Ni and 0.31%Cu
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GR-16 intersected 142 m at 0.24% Ni
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including 4.00 m at 1.30% Ni, 1.07% Cu and 1.62 gptPd
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GR-17 intersected 312 m at 0.28% Ni and 0.28% Cu
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including 8.10 m at 1.00% Ni, 0.81% Cu and 1.13 gptPd
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GR-18 intersected 152 m at 0.18% Ni
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including 0.95 m at 1.01% Ni, 1.14% Cu and 0.78 gptPd
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GR-19 intersected 236 m at 0.19% Ni and 0.17%Cu
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Including 3.25 m at 0.98% Ni, 0.90% Cu and 1.61 gptPd
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GR-21 intersected 206m at 0.27% Ni and 0.29%Cu
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Including 11.85 m at 0.82% Ni, 0.68% Cu and 0.99gpt Pd
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Including 3.80 m at 0.84% Ni, 1.00% Cu and 1.03 gptPd
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Including 3.65 m at 0.62% Ni, 2.05% Cu and 1.30 gptPd
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GR-22 intersected 51 m at 0.25% Ni and 0.32%Cu
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Including 4.55 m at 0.82% Ni, 0.73% Cu and 0.92 gptPd
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GR-23 intersected 149 m at 0.14% Ni
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GR-24 intersected 70 m at 0.21% Ni, 0.25% Cu and 0.35gpt Pd
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GR-25 intersected 180 m at 0.22% Ni, 0.26% Cu and 0.34gpt Pd
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including 37.40 m at 0.24% Ni, 0.45% Cu and 0.54gpt Pd
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GR-26 intersected 200 m at 0.25% Ni, 0.25% Cu and0.35gpt Pd
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including 80.75 m at 0.33% Ni, 0.40% Cu and 0.30gpt Pd
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including 3.45 m at 1.45% Ni, 1.19% Cu and 1.16gpt Pd
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GR-27 intersected 193m at 0.26% Ni, 0.21% Cu and 0.37gpt Pd
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including 3.45 m at 0.63% Ni, 2.96% Cu and 0.78 gptPd
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GR-28 intersected 195 m at 0.26% Ni, 0.28% Cu and 0.21gpt Pd
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including 97.85 m at 0.30% Ni, 0.34% Cu and 0.24gpt Pd
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GR-29 intersected 140 mat 0.35% Ni, 0.32% Cu and 0.32 gpt Pd
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including 24.15 m at 0.34% Ni, 0.40% Cu and 0.43gpt Pd
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including 33.35 m at 0.33% Ni, 0.30% Cu and 0.25gpt Pd
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including 50.55 m at 0.45% Ni, 0.37% Cu and 0.42gpt Pd
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GR-30 intersected 224 m at 0.29% Ni, 0.21% Cu and 0.25gpt Pd
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GR-31 intersected 171 m at 0.27% Ni, 0.24% Cu and 0.23gpt Pd
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GR-32 intersected 154 m at 0.31% Ni, 0.20% Cu and 0.29 gpt Pd
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including 4.30m at 1.13% Ni, 0.79% Cu and 0.64 gptPd
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GR-33 intersected 229 m at 0.30% Ni, 0.31% Cu and 0.35gpt Pd
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Including 5.40 m at 0.67% Ni
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including 2.10 m at 1.22% Ni, 1.38% Cu and 2.33 gptPd
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including 4.30 m at 0.53% Ni, 0.59% Cu and 0.87 gptPd
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GR-34 intersected 35 m at 0.26% Ni, 0.28% Cu and 0.34gpt Pd
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GR-35 intersected 206 m at 0.26% Ni, 0.26% Cu and 0.18gpt Pd
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ncluding 12.40 m at 0.39% Ni, 0.53% Cu and 0.44gpt Pd
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including 78.50 m at 0.27% Ni, 0.42% Cu and 0.25gpt Pd
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GR-36 intersected 116 m at 0.30% Ni, 0.31% Cu and 0.23 gptPd
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including 49.80 m at 0.35% Ni, 0.40% Cu and 0.29gpt Pd
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GR-37 : Results pending
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GR-38 intersected 103 m at 0.21% Ni
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including 9.00 m at 0.58% Ni, 0.59% Cu and 0.47 gptPd
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GR-39 intersected 130 m at 0.18% Ni, 0.13% Cu and 0.21gpt Pd
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GR-40 intersected 106 m at 0.28% Ni, 0.29% Cu and 0.23gpt Pd
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GR-41 intersected 58 m at 0.23% Ni
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, Fe, S, Pt, Pd and Auusing sodium peroxide fusion ICP for the first five elements and byFire 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, 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-palladium project in Ivory Coast, West Africa. TheCompany is managed by experienced industry professionals with a strongtrack record of discovery. Sama, is committed to develop and exploitthe Samapleu Ni-Cu and Platinum Group of Elements Resources.
Sama’s projects are located approximately 600 kmnorthwest of Abidjan in Côte d’Ivoire. Sama’s projects arelocated adjacent to the world-class nickel-cobalt laterite deposits ofSipilou and Foungouesso forming a 125 km long new Base Metal Camp inWest Africa.
Sama owns a 70% interest in the Ivory Coast projectwith its joint venture partner Ivanhoe Electric owning 30%. IvanhoeElectric has the option to earn up to a 60% interest in the project. For more information about Sama, please visit Sama’s website at www.samaresources.com .
ABOUT IVANHOE ELECTRIC INC.
Ivanhoe Electric (NYSE American: IE, TSX:IE ), is an Americantechnology and mineral exploration company that is re-inventing miningfor the electrification of everything by combining advanced mineralexploration technologies, renewable energy storage solutions andelectric metals projects predominantly located in the UnitedStates . For moreinformation, 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
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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