Business
Sama Resources Commences 5th drill hole at Yepleu
MONTREAL, April 11, 2019 (GLOBE NEWSWIRE) -- Sama Resources Inc. (“Sama” or the “Company”) (TSX-V: SME | OTC.PK: SAMMF) is pleased to announce the commencement
About this update from Sama Resources Inc.
[{"type":"text","content":" MONTREAL, April 11, 2019 (GLOBE NEWSWIRE) -- Sama Resources Inc. (“Sama” or the “Company”) (TSX-V: SME | OTC.PK: SAMMF) is pleased to announce the commencement of the 5th deep drill hole (YE22-225440) at Yepleu and the 3rd at the Yepleu Sector 1 as a follow-up on the mineralized zone intersected in both previous deep drill holes (ref: press release of December 12, 2018 and April 4, 2019). Figure 1 (see below) illustrates the first two drill holes at Yepleu Sector 1, defined by Sama’s strategic partner HPX TechCo Inc (“HPX”) using the proprietary Typhoon™ electromagnetic geophysical (“Typhoon”) system. The current 6,000 meter (“m”) drilling program is designed to test high-conductivity targets delineated by the Phase 1 Typhoon survey at the 100%-owned Yepleu property at the Company’s Nickel-Copper-Cobalt-Palladium Project in Côte d’Ivoire, West Africa. “The 5th drill hole (YE22-225440) targets the center of the Yepleu Sector 1 geophysical anomaly. The results so far from drilling confirm the ability of the Typhoon to identify high conductivity targets. The mineralization that we’re beginning to unveil is proof that Typhoon precisely identifies quality targets,” stated Dr. Marc-Antoine Audet, President and CEO of Sama. The mineralization encountered in the two first holes drilled at Yepleu Sector 1 is characterized by aggregates of nickel, copper and iron sulphides pentlandite, chalcopyrite and pyrrhotite, respectively. Pentlandite occurs together with pyrrhotite, while the chalcopyrite is either mixed with the pentlandite and pyrrhotite or occurs as late millimetric to centimetric sulphide veins cross-cutting the pentlandite and pyrrhotite. The textures of the sulphide mineralisation vary from disseminated to semi-massive and massive (> 95% of sulphide material). The first drill hole (YE29-556043) intersected semi-massive sulfide mineralization with a combined 5.2 m intersection grading 1.16% nickel, 0.62% copper, 0.24 gram per ton (\"gpt”) palladium and 0.21 gpt platinum (using a cut-off-grade of 0.8% nickel) within a larger interval of 37 m of disseminated sulphide mineralisation grading 0.41% nickel, 0.31% copper, 0.23 gpt palladium and 0.17 gpt platinum. Assay results for the second hole are pending. About HPX HPX is a privately-owned, metals-focused exploration company deploying proprietary in-house geo...