Oct 19 2015
Sama Resources Inc./Ressources Sama Inc. today announced that as a result of a review by the British Columbia Securities Commission, it is issuing the following news release to clarify its disclosure. Sama also announces the commencement of a 2,000-meter drilling program at the nickel - copper and PGE bearing Yepleu sector in western Côte d'Ivoire.
The Company wishes to clarify that the technical report prepared by Genivar (now WSP) for the Samapleu Project and dated August 22, 2013, as currently filed, is non-compliant with the requirements of NI 43-101. Accordingly, the mineral resources are not supported by an NI 43-101 compliant technical report and should not be relied upon until a compliant technical report is filed. The Company's revised report, which is being prepared by WSP, will provide additional disclosure and comparatives with existing similar mining operations in order to justify the cut-off grade of nickel used for the mineral resources.
Sama's drilling program will focus on the high chargeability targets identified from the 2013 Helicopter Time Domain Electromagnetic survey ("HTEM"). The target zone is defined by tri-dimensional conductivity model ("CDI") with iso-contours of 75 to 100, which is up to four times more intense than previously tested in 2014. In 2014, shallow-hole testing on the near surface mineralisation returned intersects of up to 22.0 meters at 0.42% nickel, including 4.4 meters at 1.13% Ni (reference Sama's press release dated January 14, 2014).
Source: http://www.samaresources.com/