Sama Graphite’s Drill Results Expand Property’s Potential
Sama Graphite Inc.
Suite 132, 1320 Graham,
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE NR 2017-06
FOR IMMEDIATE RELEASE
Sama Graphite’s Drill Results Expand Property’s Potential
Montreal, Quebec, May 24, 2017 - Sama Graphite Inc. (TSXV: SRG) (“SRG” or the
“Company”) today announced that preliminary results received from its drilling program currently
underway on the Lola Graphite property in the Republic of Guinea, have significantly expanded
the Company’s perceived potential of the property.
Highlights
Approximately 50% of the drilling program has been completed
Thickness of the weathered profile extends to a depth of up to 30 to 35 meters,
considerably more thickness than the originally anticipated depth of 20 meters
Presence of massive graphite veins
Assay results confirm the high -grade potential, comparing favourably with first -
tier prominent graphite occurrences worldwide for graphitic carbon grade
Size distribution and chemical purity place the Lola Graphite deposit among the
very few flake graphite deposits with such high flake yield and purity
The 4,800 -meter drilling program is underway on the property with an objective to delineate
National Instrument 43 -101 mineral resources. The Company has completed 83 boreholes
totalling approximately 2,300 meters, representing approximately 50% of the program.
The drilling program started testing the eastern edge of the deposit and its boundary with the
barren gneiss; composite results shown in Table 1 are from the first 15 b oreholes from that
area. Drilling has now moved to the core of the mineralization where the thickness of the
weathered profile exceeds the initially estimated 20 meters considerably, with several holes
demonstrating thicknesses of up to 30 to 35 meters and resulting in an average weathered
profile of approximately 28 meters. Assays results for the core sector are still pending.
Furthermore, recent drilling has intercepted several occurrences of semi -massive to massive
graphite vein material. These intercep ts range from a few centimeters to up to 1.1 -meters thick
in four boreholes. The presence of these amorphous graphite veins support the magmatic
origin of the carbon material, hence its exceptional chemical purity. The exceptional chemical
purity of the Lola Graphite deposit contrasts greatly when compared with numerous other
graphite deposits in the world as the carbon in other graphite deposits carries impurities such as
vanadium and molybdenum, which necessitate removal.
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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 covering approxi mately 16% of the total surface area of
deposit as defined by geological mapping, a geophysical Max -Min survey and previous drilling
and pitting. Graphitic carbon tenors obtained in the first 15 boreholes (Table 1) of the current
campaign are well aligned with expectations as the area drilled at the eastern boundary was just
off the core of the deposit.
Table 1
The following table illustrates the details of the mineralized intervals for 15 holes drilled at the
Lola Graphite Deposit. Intervals were defined using 1.0% Cg cut-off grades.
HOLE-ID FROM TO LENGTH CG
LL45-085401 3.00 27.10 24.10 5.35
Including 12.20 25.00 12.80 8.32
LL45-102406 0.00 11.50 11.50 5.29
Including 1.50 6.15 4.65 9.07
LL45-121413 0.00 25.00 25.00 6.66
Including 6.00 24.00 18.00 8.93
LL45-089460 0.00 23.50 23.50 4.34
LL45-106466 0.00 36.00 36.00 3.23
Including 25.50 36.00 10.50 10.00
LL45-125471 0.00 10.50 10.50 9.28
Including 0.00 7.50 7.50 11.29
LL45-115317 0.00 16.50 16.50 4.55
LL45-133324 2.00 18.10 16.10 6.10
Including 9.00 18.10 9.10 9.12
LL45-191342 0.00 22.10 22.10 4.50
Including 19.50 20.00 0.50 22.00
LL45-208350 0.00 10.50 10.50 4.00
Including 4.50 6.00 1.50 14.20
LL45-096311 0.00 26.00 26.00 3.92
LL45-199501 3.00 7.50 4.50 2.21
LL45-095516 0.00 10.50 10.50 4.01
Including 3.00 6.00 3.00 8.27
LL45-114522 0.00 32.00 32.00 7.98
Including 9.70 30.00 20.30 12.31
LL45-170542 0.00 31.30 31.30 5.25
Including 15.10 31.30 16.20 9.47
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The Lola Graphite deposit can be compared to the leading group of properties in terms of
graphite flake size distribution and chemical purity. Results from flotation tests indicate that 89%
of the concentrate is made of super -jumbo, jumbo and large flakes sizes. Super-jumbo flake
size (>0.50 mm) accounts for 29% of the concentrate with purities of 96% and 97% Cg
(reference SRG’s press release dated February 21, 2017).
Purification tests performed by ProGraphite GmbH confirmed that the graphite could easily be
upgraded with standard processes to levels above 99.5%, with most elements, already under
the limits for battery applications. The purification performed during testing was “mild” compared
to the “harsh” purification usually applied for lithium-ion battery grade graphite, thereby attesting
again to the likelihood that the material will be very suitable for such an application.
Furthermore, the combination of very favourable ash composition, high crystallinity, high
oxidation resistance and excellent pu rification behaviour makes the graphite very valuable for
demanding new tech applications, including energy applications and particularly with regard to
spherical graphite for lithium-ion batteries.
Drilling was performed using Sama Resources’ Coretech co re 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, Thunder Bay, Canada for
assaying. All samples were assayed for graphitic carbon by infrared.
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 operate 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.
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Forward-Looking Statements
Certain of the statements made and information contained h erein 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, or industry results, to
vary or be materially different fr om 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 to 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 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 one or more of these risks and uncertainties materialize, o r should
underlying assumptions prove incorrect, actual results may vary materially from those described
in forward-looking information or forward -looking statements. Accordingly, readers are advised
not to place undue reliance on forward -looking statemen ts 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.