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Sama Resources reports SRG Graphite Files NI 43-101 Technical Report for Previously Announced Gogota Nickel-Cobalt-Scandium Deposit Maiden Mineral Resource Estimate
MONTREAL, July 23, 2018 (GLOBE NEWSWIRE) -- Sama Resources Inc. (TSXV:SME) (“SME” or the “Company”) today reports that SRG Graphite Inc. (“SRG”) has filed, on J
About this update from Sama Resources Inc.
[{"type":"text","content":" MONTREAL, July 23, 2018 (GLOBE NEWSWIRE) -- Sama Resources Inc. (TSXV:SME) (“SME” or the “Company”) today reports that SRG Graphite Inc. (“SRG”) has filed, on July 20, its National Instrument 43-101 (“NI 43-101”) Technical Report supporting the initial resource estimate for its 100%-owned Gogota Nickel-Cobalt-Scandium deposit located in the Republic of Guinea, on SEDAR, as reported in the SRG’s news release dated June 6, 2018. The maiden mineral resource estimate includes a pit-constrained inferred resource of 44.9 million tonnes (“Mt”) of mineralized material grading 1.28% nickel (“Ni”) for 573,040 tonnes (“t”) of contained nickel. The cobalt (“Co”) grade of the resource is 0.13% Co for 59,560t of contained cobalt. The resource also contains 29.4 grams per ton (“g/t”) of scandium (“Sc”) for 1.17 tonnes of contained scandium in the limonitic portion of the deposit. The NI 43-101 Technical Report was prepared by consultant Schadrac Ibrango, P. Geo, of Montréal-based Met-Chem, a division of DRA Americas Inc. Mr. Ibrango is a Qualified Person (“QP”), independent of SRG Graphite, within the meaning of NI 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. The Lola Graphite Project is under the direct supervision of Marc-Antoine Audet, P.Geo., and a QP as defined by National Instrument 43-101. The NI-43-101 Technical Report may be referenced on SRG’s website at www.srggraphite.com and on SEDAR at www.sedar.com. About Sama Resources Inc. Sama is a Canadian-based mineral exploration and development company with projects in West Africa. Sama holds a control position in SRG of 24,658,267 shares representing 35.54% of the issued and outstanding shares of SRG and is considered an insider for reporting purposes. For more information about Sama, please visit Sama’s website at http://www.samaresources.com. FOR FURTHER INFORMATION, PLEASE CONTACT: SAMA RESOURCES INC./RESSOURCES SAMA INC.Dr. Marc-Antoine Audet, President and CEOTel: (514) 726-4158ORMr. Matt Johnston, Corporate Development AdvisorTel: (604) 443-3835Toll Free: 1 (877) 792-6688, Ext. 5 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING STATEMENTS Certain of the statements made...