Jun 26 2020
Sama Resources Inc. has reported the drilling results from exploration drilling at its Copper, Nickel, and Palladium projects in Ivory Coast, West Africa.
In the past five months, the Sama completed 4,064 m of drilling at three particular sites—Bounta, Samapleu, and Yepleu—across a strike length of 25 km.
From the drilling results of the Bounta zone, the presence of mineralization at depth was confirmed, and it merits further investigations. This new finding confirms that Bounta is the third mineralized prospect of over 20 potential zones inside Sama’s tenement as delineated by the airborne electromagnetic survey conducted in 2013.
The Bounta zone is situated 15 km to the south of the Samapleu deposit. A borehole was drilled at this zome with the goal of a strong 11,000 Conductivity-Thickness (CT) electromagnetic (EM) target situated 600 m from the surface.
The hole intersected disseminated to semi-massive sulfide at 533–540 m from the surface, including a small semi-massive sulfide section. Further geophysical exploration and additional drilling are now required to elucidate the source for the strong EM target.
Surface drilling at the Samapleu project yielded brilliant results in January 2020, extending the surface mineralization at the Extension 1 mineralized body by 200 m along the southwest.
Then, a survey of seven boreholes was performed with the help of a geophysical downhole probe. The survey has outlined a strong EM target of 15,000 CT situated 550 m from the surface. This target is yet to be drilled.
Between April and June 15th, 2020, drilling of three holes was completed at the Yepleu prospect, situated 25 km to the southwest of Samapleu. A 3,000 CT EM anomaly situated 350 m from the surface was tested in hole YE47-716197, and a 5,000 CT EM anomaly situated 450 m from the surface was tested in hole YE47-361408.
The two holes intersected the target zones and yielded a mineralization of 6.0 m and 15.0 m, respectively, spanning from disseminated to semi-massive sulfide mineralization. A third hole named YE45-348726 was bored to a depth of 924 m to test a 15,000 CT target at 850 m from the surface.
The hole was within the intrusive region with several sections of magmatic migmatite exhibiting disseminated sulfide mineralization. From the hole, the source of the extremely strong EM anomaly could not be found. Hence, the cause might be the irregular shape of the target. A downhole EM probing has been proposed to further analyze the precise location of the 15,000 CT target.
When post-COVID-19 shipping starts, a number of sample batches will be transferred to the assay laboratory in Canada.
The exploration activities at the project in Côte d’Ivoire had to be temporarily suspended by mid-June 2020 due to the impact of the COVID-19 pandemic and the need for execution of cash conservation measures.
As denoted in the Joint Venture and Earn-In Agreement signed between Sama and High Power Exploration (HPX), HPX will be responsible for financially supporting the Ivory Coast project at the time of the initial earn-in period. Sama will notify when activities on the ground will resume.
Sama’s economic status is still strong with a treasury of over CAD$2.5M, 24M shares of SRG Mining Inc., and the agreed HPX project spend.
With assays pending on the new sulphide intersections at Bounta and Samapleu, along with a catalogue of new geophysical targets generated by HPX’s proprietary technology, we will resume work with even more meaningful and defined targets as soon as we are able. I’m excited to now have three core prospects within this new Nickel, Copper, Palladium district with additional airborne EM targets yet to be explored.
Marc-Antoine Audet, President and CEO, Sama Resources Inc.