Sama continues consistent results with four additional drill holes from the Grata nickel-copper-palladium project
NR 2023-02
Sama continues consistent results with four additional drill holes from the
Grata nickel-copper-palladium project
Highlights:
• Hole GR -29 intersected a total of 1 40 metres of mineralisation including 50.55
metres grading 0.45% nickel, 0.37% copper and 0. 42gpt palladium; including 2.55
metres grading 2.60% nickel, 1.53% copper and 2.22gpt palladium.
• Hole GR-31 intersected 172 metres of mineralisation including 72.60 metres
grading 0.36% nickel and 0.34% copper.
Montréal, Quebec, Jan 17, 2023 – Sama Resources Inc. (“Sama” or the “Company”) (TSX -V: SME
OTC-PK: SAMMF) is pleased to announce assay results from four additional drill holes from the 2021-22
drilling campaign at the Grata nickel-copper prospect. Sama drilled a total of 85 drill holes totalling 26,787
metres (“m”) at the Ivory Coast project in 2021-22, including 45 drill holes totalling 14,893 m at the Grata
prospect and 21 holes for 5,643 m at the Samapleu deposit. The assay results for holes GR-29, GR-31,
GR-32 and GR-35 at Grata are summarized in this release (Table 1). Assays results for ten holes drilled
at the Grata deposit are pending.
“We are very pleased with today’s results, which will contribute meaningfully to our next resource estimate
for the combined Samapleu-Grata prospects. Our drill program continues to have great success, extending
the mineralisation continuity and thickness toward the north-east of the Grata prospect.” stated Dr. Marc-
Antoine Audet, President & CEO of Sama Resources Inc.
Sama’s Ivorian project is comprised of five exploration permits for 850 square kilometers. More than
twenty targets were outlined from geophysical surveys, out of which only three zones have been explored
(Figure 1).
Assays results for four holes (GR -29, GR -31, GR -32 and GR -35) are presented in Table 1 . All
measurements are core lengths and may not represent true geological widths. Figure 2 provides the
location of the four holes.
Grata: Latest discovery in the Yacouba Ultramafic-Mafic (“UM”) Intrusive Complex
In September 2021, Sama announced the Grata discovery located 5 kilometres east of the Samapleu
deposit (Figure 1).
The discovery hole, GR-03, drilled in June 2021, returned a 310 m sequence of pyroxenite and gabbro
containing a 147 m interval of disseminated sulphides and several intersections of semi-massive sulphide
mineralisation. The second hole, GR -04, confirmed the width of the mineralised zone with a 141 m
mineralised intersection, including 6.4 m grading 1.05% nickel (“Ni”), 1.28% copper (“Cu”) and 0.48
grams per tonne (“gpt”) palladium (“Pd”) and 6.6 m grading 0.73% Ni, 0.38% Cu and 0.30gpt Pd.
Previous intersections included hole GR-21 with a combined 191.70 m of mineralised material, including
11.85 m grading 0.82% Ni, 0.68% Cu and 0.99gpt of Pd and 108.20 m at 0.32% Ni, 0.38% Cu and 0.50gpt
Pd.
This release discloses results for holes GR-32 and GR-35 (Figure 3) which intersected 138 m and 132
m of combined mineralised zones respectively. Hole GR-35 included 12.40 m grading 0.39% Ni, 0.53%
Cu and 0.44gpt Pd and 78.50 m grading 0.27% Ni, 0.42% Cu and 0.25gpt Pd. These two holes confirm
the extension of mineralisation toward the north-east.
Figure 4 shows a cross-section with holes GR-29 and GR-31, in which hole GR-29 intersecting a total of
140 m of mineralisation including 50.55 m grading 0.45% Ni, 0.37% Cu and 0.42gpt Pd including an
interval of 2.55 m grading 2.60% Ni, 1.53% Cu and 2.22gpt Pd. Hole GR-31 drilled 50 m south -east of
GR-29 returned 172 m of combined minerali sed zones including 72.60 m grading 0.36% Ni and 0.34%
Cu. Assay results for GR-27 and GR-33 are pending.
The mineralisation at Grata is similar in composition to the Samapleu deposit (“Samapleu”) but shows a
higher proportion of chalcopyrite. Metallurgical studies are ongoing using Grata and Samapleu material.
Sama’s goal is to increase mineral resources at Samapleu and Grata as well as to search for massive
sulphide veins and lenses that could have accumulated at depth in traps and embayments along the
feeder system of the Yacouba UM Intrusive Complex.
Table 1: Results for GR-29, GR-31, GR-32 and GR-35, using a cut-of-grade of 0.1% nickel.
Sequence Hole Length From Length Ni Cu Co Pd Pt Au
m m m % % % gpt gpt gpt
GR-29 338.90 39.70 24.15 0.34 0.40 0.01 0.43 0.14 0.06
includes 3.85 0.58 0.75 0.02 1.07 0.44 0.04
69.85 1.25 0.13 0.12 0.01 0.09 0.10 0.01
108.90 27.25 0.23 0.22 0.01 0.16 0.09 0.05
includes 1.00 0.57 0.46 0.03 0.34 0.15 0.04
159.65 33.35 0.33 0.30 0.02 0.25 0.10 0.05
includes 0.65 0.51 0.62 0.02 0.37 0.14 0.05
includes 4.35 0.99 0.37 0.03 0.64 0.14 0.02
195.05 3.55 0.23 0.33 0.01 0.17 0.11 0.10
200.85 50.55 0.45 0.37 0.02 0.42 0.10 0.05
includes 1.5 0.55 0.69 0.03 0.41 0.08 0.05
includes 0.9 0.57 0.53 0.02 0.37 0.26 0.03
includes 0.9 0.52 0.71 0.02 0.40 0.32 0.13
includes 0.55 0.70 1.02 0.03 0.57 0.12 0.06
includes 0.65 0.57 0.19 0.03 0.47 0.05 0.02
includes 2.55 2.60 1.53 0.09 2.22 0.03 0.02
includes 1.05 0.69 0.59 0.03 0.87 0.12 0.07
GR-30 489.20 pending
GR-31 347.65 86.95 34.55 0.21 0.23 0.01 0.21 0.08 0.0463
127.60 3.60 0.34 0.29 0.02 0.30 0.14 0.0538
174.50 31.35 0.21 0.15 0.01 0.21 0.11 0.0269
208.50 29.50 0.13 0.11 0.01 0.10 0.08 0.0251
243.35 72.60 0.36 0.34 0.02 0.31 0.14 0.04
1.50 0.53 0.33 0.02 0.41 0.24 0.03
0.90 0.68 0.62 0.03 0.30 0.08 0.06
1.00 0.65 0.37 0.03 0.44 0.08 0.02
1.00 0.52 0.30 0.02 0.27 0.13 0.04
1.00 0.55 0.27 0.02 0.35 0.08 0.02
1.00 0.51 0.69 0.02 0.33 0.13 0.05
1.00 0.58 0.34 0.03 0.39 0.07 0.03
1.00 0.50 0.44 0.02 0.32 0.36 0.05
4.80 0.71 0.79 0.03 0.64 0.17 0.0443
4.65 0.62 0.39 0.02 0.60 0.17 0.0478
GR-32 258.85 62.60 29.80 0.23 0.20 0.01 0.36 0.13 0.03
1.10 1.14 2.38 0.04 1.87 0.79 0.26
95.10 7.25 0.32 0.10 0.01 0.36 0.10 0.03
0.85 1.44 0.17 0.05 1.15 0.09 0.03
107.45 5.60 0.25 0.19 0.02 0.27 0.09 0.03
0.70 0.54 0.56 0.02 0.57 0.09 0.04
125.20 95.30 0.27 0.22 0.01 0.28 0.12 0.05
0.60 0.62 0.33 0.02 0.38 0.14 0.03
5.50 0.66 0.40 0.02 0.60 0.10 0.04
0.90 0.53 1.13 0.02 0.67 0.29 0.10
1.25 0.55 0.47 0.02 0.63 0.22 0.05
GR-33 351.40 pending
GR-34 274.95 pending
GR-35 373.30 165.80 1.50 0.12 0.05 0.01 0.18 0.06 0.01
173.10 12.40 0.39 0.53 0.02 0.44 0.13 0.06
includes 2.4 0.90 1.54 0.03 1.05 0.07 0.04
includes 0.6 0.92 0.29 0.04 0.99 0.09 0.05
226.50 10.50 0.26 0.25 0.02 0.19 0.10 0.06
239.50 29.50 0.21 0.20 0.01 0.15 0.07 0.04
includes 0.8 0.90 0.96 0.04 0.64 0.08 0.05
280.60 78.50 0.27 0.42 0.01 0.25 0.15 0.06
includes 0.75 0.76 0.59 0.03 0.50 0.06 0.07
includes 0.85 1.10 9.49 0.05 1.66 0.57 0.19
Figure 1: Samapleu project showing the Samapleu deposits and the Grata occurrence (blue circles)
together with target areas for detailed exploration (red circles). Conductivity from airborne surveys (2013
& 2018) is shown in the background.
Figure 2: The Grata prospect is located five kilometres east of the Samapleu deposits. C urrent and
historic drilling are presented together with the four holes reported in the press release.
Figure 3: Grata Prospect, vertical section NW-SE showing holes GR-32 and GR-35.
NW SE
Figure 4: Grata Prospect, vertical section NW-SE showing holes GR-29 and GR-31.
QA/QC
Core logging and sampling was performed at Sama’s Samapleu and Yepleu field facilities. Sample
preparation was conducted at the Bureau Veritas Mineral Laboratory in Abidjan, Ivory Coast . Sample
pulps were delivered to Activation Laboratories Ltd, Ancaster and Thunder Bay, Ontario, Canada, for
assaying. All samples were assayed for Ni, Cu, Co, Fe, S, Pt, Pd and Au using sodium peroxide fusion
ICP for the first five elements and by Fire Assay ICPOES for the last three.
The technical information in this release has been reviewed and approved by Dr. Marc -Antoine Audet,
Ph.D. Geology, P.Geo and President and CEO of Sama, and a ‘qualified person’, as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
Stock Options
The Company is pleased to announce, subject to regulatory acceptance, that the Company has granted
an aggregate total of 2,055,000 incentive stock options to certain officers, employees and consultants,
subject to certain vesting provisions. These options will be exercisable at a price of $0.135 per common
share and will expire on January 17, 2033.
ABOUT SAMA RESOURCES INC.
Sama is a Canadian -based, growth -oriented resource company focused on exploring the Samapleu
nickel-copper-palladium project in Ivory Coast, West Africa. The Company is managed by experienced
NW SE
industry professionals with a strong track record of discovery. Sama, is committed to develop and exploit
the Samapleu Ni-Cu and Platinum Group of Elements Resources.
Sama’s projects are located approximately 600 km northwest of Abidjan in Côte d’Ivoire. Sama’s projects
are located adjacent to the world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso forming
a 125 km long new Base Metal Camp in West Africa.
Sama owns a 70% interest in the Ivory Coast project with its joint venture partner Ivanhoe Electric owning
30%. Ivanhoe Electric has the option to earn up to a 60% interest in the project. For more information
about Sama, please visit Sama’s website at www.samaresources.com.
ABOUT IVANHOE ELECTRIC INC.
Ivanhoe Electric (NYSE American: IE, TSX: IE), is an American technology and mineral exploration
company that is re-inventing mining for the electrification of everything by combining advanced mineral
exploration technologies, renewable energy storage solutions and electric metals projects predominantly
located in the United States. For more information, visit www.ivanhoeelectric.com
FOR FURTHER INFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
OR
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
Forward-Looking Statements
Certain of the statements made and information contained herein are "forward -looking statements" or
“forward-looking information” within the meaning of Canadian securities legislation. Forward -looking
statements and forward -looking information such as “will”, could” , “expect”, “estimate”, “evidence”,
“potential”, “appears”, “seems”, “suggest”, 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 ability of the company to convert resources in
reserves, its ability to see through the next phase of development on the project, its ability to produce a
pre-feasibility study or a feasibility s tudy regarding the project, its ability to execute on its development
plans in terms of metallurgy or exploration, the availability of financing for activities, risks and uncertainties
relating to the interpretation of drill results and the estimation of m ineral 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