Dec 9 2010
Sama Resources Inc. has announced that drill programs to date have successfully confirmed the mineralized potential within the 446 square kilometre district-scale Samapleau project area including at the main Samapleu nickel, copper and platinum group metals deposit and the subsequently discovered, entirely new, mineralized bodies up to several kms from the Main Samapleu deposit.
Highlights
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9,000 metre definition drilling program is ongoing at the:
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Samapleu Main polymetallic deposit
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Samapleu Extension 1 polymetallic deposit
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Sipilou South nickel, cobalt and scandium laterite deposit.
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Newly discovered potential zones:
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Political situation: business as usual; field work and drilling is ongoing.
These 6 multiple zones of mineralization are within an area that measures 8 kms by 8 kms.
The Company expects to deliver a preliminary National Instrument 43-101 compliant Mineral Resource at the Main Samapleu deposit by mid-2011, while defining the additional mineralized bodies and how they potentially augment the global resource. A 9,000 metre ("m") drill program is currently ongoing and has identified additional multiple mineralized zones/anomalies with assays expected shortly. Detailed information regarding the new zones of mineralization is listed below.
"The Samapleu polymetallic deposit and surrounding mineralized occurrences give Sama Resources the opportunity to create a new world class nickel district," stated Dr. Marc-Antoine Audet, President and CEO of the Company.
Corporate Update
The Company is closely monitoring the political situation in Côte d'Ivoire. Exploration and drilling continues at the Samapleau project as scheduled.
Mineralized Zones within the Project and Highlights To Date
Main Samapleu Deposit
The Main Samapleu deposit appears to be composed of two distinct and more or less parallel tubular shaped lenses of massive sulphide plunging towards the south at approximately 35°. These two massive lenses are located within a 10% to 40% halo of disseminated sulphide within pyroxenite units, forming a 400 m long mass open at surface toward the southeast and the northwest and at depth. A detailed induced polarization ("IP") survey is due to start shortly to test potential at both ends.
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17.60 m 1.95% Ni, 1.95% Cu, 0.07% cobalt ("Co"), 1.5 g/t palladium ("Pd"), 0.13 g/t platinum (" Pt "), 0.27 g/t gold ("Au").
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3.00 m massive sulphide within 23.75 m of highly disseminated sulphides (Awaiting Assay)
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24 historic drill holes including:
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6.50 m 3.04% Ni, 2.58% Cu
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8.00 m 2.58% Ni, 4.34% Cu.
Samapleu Extension 1
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1.3 km northeast of the Main Samapleu Deposit.
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9.0m @ 1.93% Ni + Cu, 1.6 g/t PGM within 109 m of material enriched with disseminated and semi-massive sulphide mineralization.
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0.90 m @ 2.68% Ni.
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1.65m @ 1.82% Ni, 2.14 g/t Pd.
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0.65 m @ 1.75% Ni, 2.74 g/t Pd.
Sipilou South Nickel-Cobalt+Scandium Laterite Deposit
The Samapleu exploration license also hosts a significant amount of nickel-cobalt + scandium rich laterite material, known as the Sipilou South laterite deposit, located 5 kms northwest of the Main Samapleu deposit. Approximately 50% of the Sipilou South laterite deposit extends into the exploration license. Laterite material grading between 1.2% to 2.04% Ni and 0.06% to 0.10% Co has been reported from previous works. A first stage laterite drilling program by the Company on an 800 m x 400 m grid is part of the current Phase II drilling program.
Newly Discovered High Potential Zones
Kourouba
Discovery of a new mineralized sector located 2.5 kms north of the Main Samapleu deposit.
Gangbapleu
Sama's surface exploration has identified a new mafic to ultramafic complex (potential host for mineralization) located 3.5 kms south of the Main Samapleu deposit. This new "Gangbapleu" sector extends for several kms to the southwest. A mineralized pyroxenite rock sample collected at surface has returned 0.15% Cu and 0.07% Ni. Although low, these unexpected values at surface are indicative of the potential for a whole new complex. Grid layout is ongoing and geological mapping, together with IP geophysical surveys, will be performed as soon as possible. The Gangbapleu mafic-ultramafic complex appears to extend sporadically southward for an additional 10 kms. Sama's regional exploration will also cover the southern part of the Samapleu project.
Location
The Samapleu project is located approximately 600 kms northwest of Abidjan and encompasses district-size scale of approximately 446 square kms. The area has excellent infrastructure with a road network leading to the project and all required services available in the nearby towns of Man and Biankouma. The Samapleu license is located adjacent to the large world class nickel-cobalt laterite deposits of Sipilou, Foungouesso, Moyango and Viala.
Source: Sama Resources Inc.