Ivanhoe Electric completes 30% Earn-In of Ivory Coast projects and commences Phase 2 Earn-In agreement
TSX Venture Symbol: SME
SAMA RESOURCES INC./
RESSOURCES SAMA INC.
Suite 132, 1320 Graham
Ville Mont-Royal, Québec
Canada, H3P 3C8
NR 2021-06
Ivanhoe Electric completes 30% Earn-In of Ivory Coast projects
and commences Phase 2 Earn-In agreement
New Zone Discovered 5 kilometres East of Samapleu deposit
Highlights
• Ivanhoe Electric Inc. continues with Earn-in agreement
• Ivanhoe Electric commits an additional CAD$1.1M into Sama Nickel Corporation
• Discovery of a new zone at Grata 5 km East of Samapleu deposit
• Hole YE47-361408b intersected 45 metres of highly disseminated sulphides including 1.15
metres of massive sulphide at Yepleu deposit.
Montreal, Quebec, Sept 02, 2021 – Sama Resources Inc. (“Sama” or the “Company”) (TSX -V: SME
OTC-PK: SAMMF) is pleased to announce that Ivanhoe Electric Inc. (“IVNE”) through its subsidiary, HPX
Ivory Coast Holdings Inc . (“HPX-CI”), will continue with the original Earn- In agreement aiming at
acquiring 60% of Sama Nickel Corporation Inc. (“SNC”).
On August 27, 2021 , IVNE transferred an additional CDN$1.1M to SNC which increased IVNE’s
investment into the Company to CDN$15.52M from March 2019 to date. With this transfer, IVNE has met
the Joint Venture Agreement (“JV”) first investment threshold of CDN$15M, which will give HPX-CI a 30%
ownership in SNC.
“We are very pleased to continue our partnership with Ivanhoe Electric. They have been an incredible
partner working hand in hand in unlocking the potential our Ivorian assets. Our technical understanding
of the project along with our extensive geological and geochemical understanding of the area leads us
closer to our ult imate goal of unlocking a world- class discovery. Furthermore, the partnership has
afforded the Company to maintain a near zero dilution rate for nearly four years while simultaneously
advancing the assets in a strategic and systematic manner. We continue to strive to advance the Ivorian
assets in a meaningful way while maintaining our near zero dilution mandate.” stated Dr. Marc-Antoine
Audet, President & CEO of Sama Resources Inc
“Since we signed our JV agreement in 2018, we have been very pleased that our Typhoon™ technology
has been able to guide drilling to these repeated nickel intersections. We look forward to continuing to
work with the SAMA team on better understanding the geological model to drive further improvements in
both grade and thickness of massive sulphides in the continued drill program. We will also be working on
the ongoing economic evaluation of the Samapleu deposit.” stated Eric Finlayson, President of Ivanhoe
Electric.
Additionally, t he Company confirms the 2009’s JV agreement between SODEMI ( Société pour le
Développement Minier de la Côte d’Ivoire ) and SNC remains unchanged. IVNE (see News Release
dated October 23, 2017 ) agreed, despite the Earn- In Adjustment Condition of acquiring the 33 1/3%
SODEMI’s interest in exploration permits (“PR”) PR 838 and PR 839 having not been met, IVNE will
proceed with Phase 2 Earn- In Interest of an additional C AD$10M. The Phase 2 Earn- In Interest of
CAD$10M will, at completion, give IVNE (HPX-CI) a 60% ownership interest in SNC.
Grata: New mineralised Sector
Sama is pleased to announce the discovery of a new mineralised sector located 5 kilometers (“km”) East
of Samapleu deposit returning a sequence of 310 meters (“m”) of pyroxenite and gabbro part of the
Yacouba mafic-ultramafic complex out of which 147 m of disseminated and several intersects of semi -
massive sulfide mineralisation. Figure 1 and Table 1 are summarizing the finding. True width is unknown.
Additional drilling will follow-up on this newly discovered sector.
At Samapleu and at the Grata’s newly discovered sector, the Company is searching for massive sulphide
veins and lenses that could have accumulated in traps and embayment’s at depth along the feeder
system of the large Yacouba intrusive complex.
Figure 1: Newly discovered sector at Grata property located 5 km East of Samapleu. Hole SM20-070410
returned a combined 147 m of sulphide mineralisation including a combined 56m grading 0.39%Ni, 0.45%
Cu and 0.33 g/t Pd.
Yepleu: Dynamic magmatic system
At the Yepleu sector, hole YE47-361408b drilled at the third priority target returned 45m of disseminated
and semi-massive sulphide material including 1.15m @ 1.40% Ni. Hole YE38-626778 drilled 600 m NNE
of the YE47-361408b, returned 16m grading 0.49%Ni including 4.25 m at 1.01% Ni.
Figures 2 and Table 1 are summarizing finding for the first three holes drilled this year at Yepleu.
Table 1: Assays results for holes drilled at Samapleu, Grata and Yepleu
At Yepleu, Sama is searching for the same types of accumulations as at Samapleu but within a more
dynamic magmatic system. Yepleu is considered to be the centre of the intrusive feeder system with
evidence of multiple magma injections generating a large volume of host rock assimilation.
At Yepleu and Grata, the intersected mineralization are characterized by aggregates of the nickel, copper
and iron sulphides – pentlandite, chalcopyrite and pyrrhotite, respectively. Pentlandite occurs together
with pyrrhotite, while the chalcopyrite is either mixed with the pentlandite and pyrrhotite or occu rs as
millimetric to centimetric sulphide veins/accumulations. The textures of the sulphide mineralization vary
from disseminated to semi-massive and massive.
HOLE-ID FROM TO LENGTH NI CU CO PT PD AU
SM25-440370 61.35 61.60 0.25 0.52 0.41 0.02 0.63 0.94 0.03
64.20 85.50 21.30 0.18 0.03 0.01 0.19 0.05 0.01
87.95 107.85 19.90 0.30 0.13 0.02 0.19 0.10 0.01
1.15 0.94 0.61 0.05 1.00 0.15 0.02
0.65 2.42 1.11 0.13 1.84 0.70 0.07
SM34-105691 169.20 214.25 45.05 0.25 0.22 0.01
8.65 0.51 0.62 0.02 1.22 0.13 0.06
SM20-070410 33.75 82.00 48.25 0.23 0.20 0.01 0.14 0.06 0.03
181.50 257.50 76.00 0.29 0.33 0.02 0.24 0.11 0.04
9.25 0.39 0.36 0.02 0.30 0.12 0.03
4.10 0.65 0.71 0.03 0.43 0.21 0.06
9.00 0.38 0.42 0.02 0.29 0.08 0.03
5.00 0.33 0.32 0.02 0.20 0.12 0.02
13.00 0.37 0.43 0.02 0.33 0.14 0.07
12.10 0.38 0.54 0.02 0.43 0.26 0.06
260.90 284.00 23.10 0.25 0.32 0.02 0.26 0.18 0.04
YE47-361408b 474.40 523.00 48.60 0.28 0.16 0.01 0.74 0.96 0.11
1.15 1.40 0.57 0.05 1.55 0.39 0.07
0.25 1.13 0.17 0.05 1.73 0.33 0.02
3.75 0.61 0.45 0.03 0.64 0.82 0.06
YE38-626778 308.40 324.70 16.30 0.49 0.29 0.02 0.11 0.03 0.01
4.25 1.01 0.72 0.05 0.18 0.05 0.01
YE38-445704 324.80 335.50 10.70 0.29 0.16 0.01 0.16 0.08 0.02
0.30 2.37 0.38 0.10 0.37 0.03 0.00
0.25 1.52 0.71 0.06 0.20 0.02 0.03
338.50 342.30 3.80 0.61 0.26 0.02 0.12 0.05 0.03
1.40 1.14 0.44 0.05 0.23 0.09 0.02
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Figure 2: Cross-section at Yepleu showing drill results for the first three holes drilled in 2021.
Core logging and sampling was performed at Sama’s facility at the Samapleu and Yepleu field facilities.
Sample preparation was conducted at the Bureau Veritas Mineral Laboratory’s facility in Abidjan. Sample
pulps were delivered to Activation Laboratories Lt d, Ancaster, Thunder Bay, Canada, for assaying. All
samples were assayed for Ni, Cu, Co, Pt, Pd, Au, Fe and S.
The technical information in this release has been reviewed and approved by Dr. Marc -Antoine Audet,
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.
ABOUT SAMA RESOURCES INC.
Sama is a Canadian-based mineral exploration and development company with projects in West Africa.
On March 19, 2021 Sama formalised a Joint Venture Agreement Ivanhoe electric Inc, a private mineral
exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order
to develop its Ivorian Nickel-Copper and Cobalt project in Côte d’Ivoire, West-Africa. For more information
about Sama, please visit Sama’s website at http://www.samaresources.com.
ABOUT IVANHOE ELECTRIC INC.
Ivanhoe Electric Inc. is a privately -owned company focused on making technology -enabled metals
discoveries for the electrification of everything. The Company deploys proprietary and disruptive
technology that de-risks mineral and water discoveries. Ivanhoe Electric is focused on “ electric metals”
(copper, nickel, gold and silver) mining assets for the electric revolution and is led by Chairman and Chief
Executive Officer Robert Friedland. For further information, please 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
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accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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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, availabi lity of permits, escalating costs of remediation and
mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other
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