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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Sama Resources Inc. (TSX VENTURE: SME) -
Highlights - Samapleu Project, Cote d'Ivoire, West Africa:
-- SM25-133605, returned 43 metres of highly disseminated sulphide mineralization including 4 metres of semi-massive sulphide mineralization.-- HTEM survey completed and ground follow-up commenced on high quality targets for potential additional massive sulphide occurrences.-- Continued drilling to expand on tonnages at Samapleu Deposits.-- Two new base metal exploration permits granted to Sama, increasing its overall land package to 2,455 km2.-- PDAC 2013 Invitation to Booth 2602.
Sama Resources Inc. ("Sama" or the "Company") is pleased to announce that a 3,400 line/kilometre ("km") airborne helicopter electromagnetic and magnetic survey ("HTEM Survey") has been successfully completed over part of the more promising areas within the Company's Samapleu Project in Cote d'Ivoire, West Africa. Detailed interpretation of the HTEM Survey is pending; however, several high quality targets are already outlined. Ground follow-up is ongoing while access is being prepared for the drill rig. Drilling of these regional targets should start in April.
Two new exploration permits, Worofla PR 301 (400 km2) and Zeregouine (394 km2), have been granted to Sama by the Ivoirian Department of Mines. Consequently, Sama has increased its combined land package in Cote d'Ivoire and New Guinea to an aggregate total of 2,455 km2, over what Sama considers to be the Next World Class Base Metal Camp.
Sama is currently drilling to expand on nickel-copper sulphide tonnages at the Samapleu Main and Extension 1 Deposits in Cote d'Ivoire, and in particular, along the 2.5 km-long mineralized Extension 1 Deposit (Zones 24 and 34). Sama is testing the mafic host using its own newly-minted drill rig, which has reduced the Company's drilling costs per metre by 85%. In addition to hole SM25-112519, which returned 122 metres of highly disseminated sulphide mineralization, including 10 metres of semi-massive sulphide mineralization (see News Release dated January 16, 2013), 5 new holes have intercepted mineralization while laterally closing the northeast end of Zone 24. Mineralization is still open at depth. Assay results are expected on a regular basis going forward.
The HTEM Survey was flown at a combination of 100 and 200 metre line spacing by Fugro Airborne Surveys (Pty) Ltd. of South Africa. The HTEM Survey was aimed at targeting new sectors with the potential for additional nickel-copper sulphide mineralization from surface to several hundred metres at depth. The Samapleu nickel-copper Main and Extension 1 Deposits recorded strong electromagnetic responses, signifying the presence of nickel-copper massive sulphide material. Similar responses have been noted in numerous locations within the regional HTEM Survey.
The table set out below shows visual mineralization estimates for recent holes drilled at the Samapleu Extension 1 Deposit. Assay results are pending.
---------------------------------------------------------------------------- Visual estimate Hole Sulphides length FROM TO LENGTH (Pyrrhotite/Pentlandite/Chal-HOLE-ID m Dip m m m copyrite)----------------------------------------------------------------------------SamapleuExtension 1Deposit(Zone 24)SM25-112519 180 -90 21 143 122 Highly disseminated sulphide (5- degrees 30%) with 10 metres of semi- massive sulphide (50-75%) and numerous additional stringers of semi-massive sulphide.----------------------------------------------------------------------------SM25-112555 175 -90 32 82 50 Disseminated to highly degrees disseminated sulphide with stringers of semi-massive sulphide.----------------------------------------------------------------------------SM25-184483 174 -90 110 129 19 Disseminated to highly degrees disseminated sulphide with stringers of semi-massive sulphide.----------------------------------------------------------------------------SM25-256482 158 -75 114 148 34 Disseminated to highly degrees disseminated sulphide with stringers of semi-massive sulphide.----------------------------------------------------------------------------SM25-183519 198 -75 60 102 42 Disseminated to highly degrees disseminated sulphide with stringers of semi-massive sulphide.----------------------------------------------------------------------------SM25-133605 170 -50 93 136 43 Highly disseminated sulphide (3- degrees 30%) with 4 metres of semi- massive sulphide (35-50%) and numerous additional stringers of semi-massive sulphide.----------------------------------------------------------------------------
