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To: Goose94 who wrote (92139)9/24/2020 9:29:22 AM
From: Goose94Read Replies (1) | Respond to of 203376
 
Sama Resources (SME-V) Resumes Exploration Activity Targeting Typhoon™ High Conductivity Nickel-Copper-Palladium anomalies at depth

Sept 24, '20 - NR

Sama Resources is pleased to announce that geophysical activities have resumed on the Cote D’Ivoire nickel project, with downhole electromagnetic (“EM”) surveys (“DHTEM”) planned in four deep drill holes at the Yepleu target zone and in one deep drill hole at the Bounta target zone. The holes at Yepleu and Bounta were drilled in the early months of 2020, with both zones part of the large Yacouba Ultramafic-Mafic intrusive complex discovered by Sama in 2010 (ref: Press Release: August 08, 2020), (Figure 1). The DHTEM surveys are using HPX TechCo Inc.’s (“HPX ”) proprietary Typhoon™ electromagnetic geophysical transmitter (“Typhoon”), maximising power transmission for higher resolution at depth.




Figure 1: Sama 2020’s Typhoon surveys completed and target zones remaining.

DHTEM – Yepleu Target Zone

DHTEM surveying is underway, starting with borehole YE2020-03 (Figures 2 & 3) at the Yepleu zone, which returned 8.00 meters (”m”) of mineralised material at 850 m from surface grading 0.31% nickel (“Ni”) and 0.24% copper (“Cu”) including 1.00 m at 1.08% Ni, 1.29 % Cu and 0.18 gram per tonne (“gpt”) Palladium. The mineralization encountered in YE2020-03 does not explain the very high conductivity target located nearby and defined by the previous Typhoon surface EM survey (15,000 conductivity thickness (“CT”)). DHTEM surveys will follow with boreholes YE2020-01 and YE2020-02. Both holes returned mineralization characterized by aggregates of the nickel, copper and iron sulphides – pentlandite, chalcopyrite and pyrrhotite, respectively.

DHTEM – Bounta Target Zone

The current DHTEM program includes surveying borehole BM2020-01 at the Bounta zone, a new discovery located midway between Samapleu and Yepleu. Borehole BM2020-01 returned disseminated mineralization and a stringer of semi-massive to massive sulphide grading 1.23% Ni and 1.14% Cu over 0.35 m at a depth of 540 m from surface (Photo 1). The mineralization encountered by BN2020-01 closely matched the moderately conductive EM plate but could not fully explain the high conductivity target defined by the Typhoon surface EM survey (Figure 4). The DHTEM should delineate with more accuracy the centre of the strong conductor.

Figure 2: Targets at the Yepleu sector showing the mineralized trend and results from the three boreholes drilled in 2020.


Figure 3: Targets at the Yepleu


Photo 1: BN2020-1 semi-massive to massive sulphides showing similar composition to that and seen at Samapleu and Yepleu returning 1.24% Ni and 1.14% Cu over 0.35 m at a depth of 540.2 m from surface.


Figure 4: The Typhoon target at the Bounta sector together with boreholes BN2020-01. The mineralisation intercepted in BN2020-01 could not explain the high conductivity target (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 along a mineralized trend of more than 4,500 m of strike length (Figure 2). The mineralized horizon starts near surface, reaches a depth of more than 850 m toward the south-southwest and appears to remain open. The very strong conductive target at 850 m depth from surface defined by Typhoon surface EM (15,000 CT), remains unexplained.

About HPX

HPX is a privately-owned, U.S.-domiciled mineral exploration and development company. For further information, please visit www.hpxploration.com.

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa. On October 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Côte d’Ivoire Nickel-Copper and Cobalt project in Côte d’Ivoire, West-Africa. For more information about Sama, please visit Sama’s website at samaresources.com .

The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, P.Geo and President and CEO of Sama, and a ‘qualified person’, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

FOR FURTHER INFORMATION, PLEASE CONTACT:

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