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    cobalt-investing

    Sama Resources Confirms Discovery of Multiple Mineralized Bodies

    Investing News Network
    Dec. 08, 2010 05:06AM PST
    Battery Metals Investing

    Sama Resources (CVE:SME) announced that drilling for Cobalt is ongoing at its’s Samapleu project.

    Sama Resources (TSXV:SME) announced that drilling for Cobalt is ongoing at its’s Samapleu project.

    The press release is quoted as saying:

    The Samapleu exploration license also hosts a significant amount of nickel-cobalt + scandium rich laterite material, known as the Sipilou South laterite deposit, located 5 kms northwest of the Main Samapleu deposit. Approximately 50% of the Sipilou South laterite deposit extends into the exploration license. Laterite material grading between 1.2% to 2.04% Ni and 0.06% to 0.10% Co has been reported from previous works. A first stage laterite drilling program by the Company on an 800 m x 400 m grid is part of the current Phase II drilling program.

    To access the full press release, click here.

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