VANCOUVER - Sama Resources Inc. [SME-TSXV; SAMMF-OTC] report additional drilling results from the 2021 to 2022 drilling campaign at the newly discovered 100%-owned Grata nickel-copper-palladium (Ni-Cu-Pd) prospect in Ivory Coast, West Africa. Sama has drilled a total of 23 drill holes for 7,673 metres at the Grata discovery.
Highlights include drill hole GR-06B that returned 60.15 metres at 0.36% nickel (Ni), 0.40% copper (Cu), 0.53 g/t palladium (Pd), including 7.70 metres at 1.28% Ni, 1.45% Cu and 1.92 g/t Pd. GR-06C: returned 116.15 metres at 0.26% Ni, 0.25% Cu, 0.62 g/t Pd, including 9.05 metres at 0.81%Ni, 0.84% Cu and 1.03 g/t Pd.
GR-08 returned 297.64 metres at 0.24% Ni, 0.20% Cu, 0.23 g/t Pd, including 2.85 metres at 1.68% Ni, 1.28% Cu and 1.12 g/t Pd; 4.25 metres at 0.82% Ni, 0.55% Cu and 0.56 g/t Pd; and 2.65 metres at 1.47% Ni, 1.82% Cu and 1.19 g/t Pd.
GR-11 returned 212 metres at 0.28% Ni, 0.30% Cu and 0.32 g/t Pd; and 8.20 metres at 0.84% Ni, 1.10% Cu and 1.24 g/t Pd + numerous narrow massive and semi-massive stringers. Results are pending for 11 holes drilled at Grata since January 2022.
A 5,000-metre drilling contract was awarded to Foraco-Foremi, an Ivorian drilling contractor, for suppling 2 drilling rigs to the Grata project starting June 01. There will then be 5 drilling rigs operating at the project site.
"Using five drilling rigs at Grata and Samapleu will allow Sama to fast track definition drilling at both sites aiming for a revised mineral resource estimate in Q3," stated Dr. Marc-Antoine Audet, President & CEO of Sama Resources Inc. "By selling 5.6M shares of SRG Mining for almost C$4.0M, Sama is continuing to fulfill its objective of financing exploration at our various project sites without further dilution to shareholders. The use of proceeds is for advancing Sama Resources Quebec's (SRQ) nickel-copper-platinoids project at Lac Brule and for project generation."
In September 2021, Sama announced the Grata discovery located 5 km east of the Samapleu deposit.
The mineralization at Grata is similar in composition to the Samapleu deposit but shows a larger proportion of chalcopyrite and therefore a higher Cu to Ni ratio. This relationship between Cu and Ni is particularly evident in the GR-06 mineralized zones.
The company is looking at increasing mineral resources at Samapleu and Grata for a future surface mining operation as well as searching 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.
Sama announced the termination of the previously announced agreement with Seahawk Gold Corp. [SEAG-CSE; SEHHK-OTC; 7SR-FSE] to complete an acquisition of the company's subsidiary, Sama Resources Development Corp. (Cayman). The termination was agreed to by both Sama and Seahawk.