Advertisement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/13 -- Sama Resources Inc. (TSX VENTURE: SME) ("Sama" or the "Company") -
Highlights:
-- Hole SM25-112519: 122 metres of nickel-copper disseminated sulphide mineralization including 10 metres of semi-massive (50%-75%) material, open laterally and at depth (Samapleu Extension 1)-- Hole SM19-467515, returned 166 metres of disseminated mineralization with stringers of highly disseminated to semi-massive sulphide materials at the newly discovered SM19 Sector-- Nickel-Copper surface mineralization strike length enhanced at Samapleu Extension 1 Deposit-- Aggressive 12,000 m exploration program planned for 2013
Sama Resources Inc. is pleased to announce progress of its 12,000 metres ("m") Phase IV drilling program (using Sama's new 100% owned drill rig) at the Samapleu Project in Cote d'Ivoire, West Africa. The drilling program is designed to tests regional targets and to increase mineral strike length of the known poly-metallic deposits; the "Samapleu Main deposit" and the "Samapleu Extension 1 deposit (Zone 24)". The drilling program is expected to last the remainder of 2013.
Three boreholes have been completed to date (with one currently in progress) for a total of 640 m.
Borehole SM25-112519, drilled 50 m north-east from the last hole at the Samapleu Extension 1 deposit intersected 122 m of nickel and copper rich disseminated sulphide mineralization starting from 21 m vertically from surface including a 10 m lens of semi-massive material at 85 m from surface. The semi-massive material is composed of 50% to 75% of a combination of pyrrhotite, pentlandite and chalcopyrite. Pentlandite occurs as large inclusions in pyrrhotite. Spot checks using a handheld Niton XRF portable analyzer returned elevated nickel and copper values. Assay results are expected in approximately 8 to 10 weeks.
This hole increases the strike length of the Zone 24 by at least 75 m to the north-east and remains open laterally and at depth.
Borehole SM19-467515, drilled at the newly discovered Yorodougou Complex "SM19 Sector", returned 166 m of disseminated mineralization with stringers of highly disseminated to semi-massive sulphide materials. Mineralization started at 22 m from surface.
The reader is invited to view the figure showing the locations of the drill holes at: http://www.samaresources.com/i/misc/Samaintersects122metres.png
All boreholes were drilled vertically; consequently true widths of these mineralized zones have not been established at this point.
Table 1 shows the visual mineralization estimates for the 4 holes drilled to date during the Phase IV drilling program.
---------------------------------------------------------------------------- Visual estimate Hole Sulphides length FROM TO LENGTH (Pyrrhotite/Pentlandite/HOLE-ID SEQUENCE m m m m Chalcopyrite)----------------------------------------------------------------------------Sector 19SM19-467515 218 226 22 188 166 Disseminated sulphide (trace to 15%) with stringers of semi-massive sulphideSM28-504085 219 65 12 52 40 Disseminated sulphide (trace to 15%)Samapleu Extension 1 Deposit (Zone 24)SM25-112519 220 180 21 143 122 Highly disseminated sulphide (3-30%) with 10 m of semi- massive sulphide (50-75%) and numerous additional stringers of semi-massive sulphideSM25-112555 221 In 32 170+ 138+ Disseminated (trace to 15%) progress to highly disseminated sulphide with stringers of semi-massive sulphide----------------------------------------------------------------------------
