Sama Announces Intersection of 54 metres of Mineralization Ranging from Disseminated to Semi-Massive and Massive Sulphides

Sama Announces Intersection of 54 metres of Mineralization Ranging from Disseminated to Semi-Massive and Massive Sulphides

Initiates Phase 2 Typhoon Geophysical Survey at its Yepleu Nickel-Copper-Cobalt-Palladium Project  

Montreal, Quebec – April 04, 2019Sama Resources Inc. (“Sama” or the “Company”) (TSX-V: SME | OTC-PK: SAMMF)  is pleased to announce that a second hole drilled at Yepleu Sector 1 as a follow-up on the mineralized zone intersected on the first deep hole (ref: press release of December 12, 2018) returned a mineralized zone of 54 metres (“m”) of disseminated to semi-massive and massive sulphide material from 585 m to 639 m from the surface.  Assays results are pending.

Table 1: Drilling summary at the Yepleu project.

Sama’s newly discovered mineralization at 600 m depth at Yepleu Sector 1 within the Yacouba Intrusive Complex (dated as the same age as the Bushveld Complex in RSA (2.1 Ga) which hosts the large nickel-palladium Platreef deposit) is further evidence that the Yacouba intrusion system has the potential to host a significant amount of high-grade nickel-copper-cobalt- palladium mineralization  in reservoirs and pods that are yet to be discovered,” stated Dr. Marc-Antoine Audet, President and CEO of Sama. 

Dr. Audet added: “Sama has outlined a 66 km strike length for the Yacouba Intrusive Complex.  The Yepleu area appears to be the center of the intrusion from where it seems to have “radiated” in all directions. This observation suggests that the Yepleu area is as proximal as we can get to the magmatic hot spot.

Additionally, the Company is beginning Phase 2 of the Typhoon™ electromagnetic geophysical survey (“Typhoon”) at Yepleu.  A total of 5 new sectors at Yepleu and one sector at the Grata license (ref: map below) will be covered by the second Typhoon phase.  The Company is exploring the Yepleu Project through a strategic partnership with HPX TechCo Inc. (“HPX”), a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder. 

Figure 1 below shows the 2018 Helicopter EM survey ("HTEM"). The warm colour contours are the results of the conductivity intensity from the HTEM survey. The warmer the colour, the higher the conductivity. There are numerous HTEM targets to conduct follow up on. So far, Sama has only followed-up three HTEM targets with the Typhoon survey conducted last year and has outlined three specific sectors for the current drilling program; Sectors 1, 2 and 3.

Sama now has access to a larger area than in 2018 and will proceed with Typhoon surveys at “Loop” 5 to 10 in the coming months. Although mineralization that is being discovered at Sectors 1 to 3 is proof that the original HTEM targets were legitimate, areas that will be covered with Typhoon surveys at loops 8, 9 and 10 have much larger size potential.

About HPX

HPX is a privately-owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Chief Executive Officer Robert Friedland and President Eric Finlayson, a former head of exploration at Rio Tinto. For further information, please visit www.hpxploration.com.

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa. On October 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Côte d’Ivoire 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.

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.

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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