Sama Graphite’s Drill Results Confirm High-Grade Potential And Return Depth Profile of Up to 50 Meters
Sama Graphite Inc.
Suite 132, 1320 Graham,
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE NR 2017-07
FOR IMMEDIATE RELEASE
Sama Graphite’s Drill Results Confirm High-Grade Potential
And Return Depth Profile of Up to 50 Meters
Montreal, Quebec, June 15, 2017 - Sama Graphite Inc. (TSXV: SRG) (“SRG” or the “Company”)
today announced receipt of more results from the drilling program currently underway on the Lola
Graphite property in the Republic of Guinea . Assays returned encouraging results, such as 30
meters at 8.14% Cg, including 19 meters at 11.40% Cg. Additionally, drilling in the northern part
of the deposit demonstrated increased thicknesses of the weathered graphite mineralized profile
to up to 50 meters (“m”) from surface.
Highlights
Assay results confirm the high-grade potential:
LL45-009429: 30.00 meters at 8.14% Cg, including 19.00 meters at
11.40% Cg
Thickness of the weathered profile extends to a depth of up to 50 meters in
the northern section of the deposit , considerably more than the initially
estimated depth of 20 meters
Based on results to date, the average weathered profile is approximately 32%
greater than anticipated.
Approximately 60% of the drilling program has been completed
To date, the Company has completed 99 boreholes totaling approximately 2,450 meters,
representing approximately 60% of the program.
The drill rig is now situated in the northern zone of the deposit, where a total of 36 boreholes are
to be drilled . The first hole drilled at this location returned 5 2 meters of weather ed profile,
significantly thicker than SRG’s initial estimate of 20 meters. Based on results to date, the average
weathered profile is approximately 32% greater than anticipated.
Composite results shown in Table 1 are for 19 boreholes drilled in southern locations.
The current drilling program aims at producing the first mineral estimates that will be included in
the Preliminary Economic Assessment planned for Q4 2017. Boreholes are drilled on a 50 m x
20 m and 100 m x 20 m drilling spacing in two separate locations: southern sector and the northern
sector. The current drilling program is aiming at covering approximately 16% of the total surface
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area of deposit as defined by geological mapping, a geophysical Max -Min survey and previous
drilling and pitting.
Table 1
The following table illustrates the details of the mineralized intervals for 20 holes drilled at the Lola
Graphite Deposit. Intervals were defined using 1.0% Cg cut-off grades.
Drilling was performed using a Coretech core drill rig. Core logging and sampling were performed
at SRG’s facility in Gogota village. Sample preparations were performed by Bureau Veritas
Mineral Laboratory’s facility in Abidjan, Côte d’Ivoire. Pulp samples were delivered to Activation
Laboratories Ltd, Ancaster, Ontario, Canada for assaying. All samples were assayed for graphitic
carbon by infrared.
HOLE‐ID FROM
m
Thickness
m
CG
%
LL45‐187550 9.00 19.70 5.68
including 6.20 9.31
LL45‐193605 0.00 15.85 3.81
including 4.50 7.21
LL45‐211611 3.00 12.00 2.33
LL45‐117580 1.50 12.40 6.77
including 8.90 8.42
LL45‐097572 0.00 6.00 3.64
including 3.50 4.65
LL45‐077565 0.00 28.60 6.22
including 21.60 7.73
LL45‐059559 0.00 27.20 4.10
LL45‐079303 0.00 33.00 4.02
including 4.50 14.73
LL45‐060296 0.00 34.00 3.67
including 10.50 8.40
LL45‐037287 1.50 10.50 4.72
including 3.00 11.93
LL45‐001269 16.50 15.00 3.23
LL45‐026378 0.00 27.70 4.41
including 14.10 6.70
LL45‐043385 0.00 31.00 4.56
including 23.00 5.55
LL45‐066393 0.00 30.75 4.03
including 4.50 12.70
LL45‐137423 0.00 2.60 1.55
LL45‐159425 0.00 0.00
LL45‐176433 2.20 19.00 5.35
including 14.60 6.24
LL45‐196439 3.00 20.00 5.08
including 16.10 5.95
LL45‐009429 0.00 30.00 8.14
including 19.00 11.40
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About Sama Graphite Inc. (SRG)
SRG is a Canadian-based company focused on developing the Lola Graphite deposit, located in
the Republic of Guinea, West Africa. SRG is committed to o perate in a socially, environmentally
and ethically responsible manner.
For additional information, please visit SRG’s website at www.srggraphite.com.
For more information contact:
Sama Graphite Inc. (SRG)
Dr. Marc-Antoine Audet, President & CEO
Tel.: (514) 726-4158
Email: [email protected]
Jean-Paul Blais
NXT Communications
Tel.: +1 (514) 867-7447
Email: [email protected]
Contact Financial Corp.
Frédérick Chabot
Tel.: 438-863-7071
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-Looking Statements
Certain of the statements made and information contained herein are "forward -looking
statements" within the meaning of Canadian securities legislation or "forward-looking information"
within the meaning of the Ontario Securities Act and the Securities Act (British
Columbia). This includes statements concerning the Company's plans at its mineral properties,
which involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company, o r industry results, to vary or be
materially different from any future results, performance or achievements expressed or implied
by such forward-looking statements or forward-looking information. Information regarding drilling
results may also be deemed t o be forward-looking statements or forward-looking information in
that they reflect a prediction of what may be found to be present when and if a project is actually
developed.
Forward-looking statements and forward-looking information are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from those reflected in the
forward-looking statements or forward -looking information, including, without limitation, the
availability of financing for activities, risks and uncertainties relating to the interpretation of drill
results and the estimation of mineral resources and reserves, the geology, grade and continuity
of mineral deposits, the possibility that future exploration, development or mining results will not
be consistent with the Company's expectations, metal price fluctuations, environmental and
regulatory requirements, availability of permits, escalating costs of remediation and mitigation,
risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other
unanticipated difficulties with or interruptions in exploration or development, the potential for
delays in exploration or development activities, the inherent uncertainty of cost estimates and the
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potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations,
expectations and beliefs of management and other risks and uncertainties.
In addition, forward -looking statements and forward -looking information are based on various
assumptions. Should on e or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described
in forward-looking information or forward -looking statements. Accordingly, readers are advise d
not to place undue reliance on forward-looking statements or forward-looking information. Except
as required under applicable securities legislation, the Company undertakes no obligation to
publicly update or revise forward -looking statements or forward-looking information, whether as
a result of new information, future events or otherwise.