Sama Resources Reports on SRG Graphite’s Engagement of a Preliminary Economic Assessment Report

- October 11th, 2017

Sama Resources (“Sama” or the “Company”) (TSX-V:SME) is pleased to report that SRG Graphite Inc (“SRG”) (TSX-V:SRG) has announced the engagement of Met-Chem, a division of DRA Americas Inc. (“Met-Chem/DRA”), to undertake a Preliminary Economic Assessment (“PEA”) of the Company’s wholly-owned Lola Graphite Project (“Lola”), located in Guinea. Sama holds a control position in SRG … Continued

Sama Resources (“Sama” or the “Company”) (TSX-V:SME) is pleased to report that SRG Graphite Inc (“SRG”) (TSX-V:SRG) has announced the engagement of Met-Chem, a division of DRA Americas Inc. (“Met-Chem/DRA”), to undertake a Preliminary Economic Assessment (“PEA”) of the Company’s wholly-owned Lola Graphite Project (“Lola”), located in Guinea. Sama holds a control position in SRG of 24,658,267 shares representing 43.93% of the issued and outstanding shares of SRG and is considered an insider for reporting purposes.

SRG’s Lola Graphite Project, a spin out of Sama Resources, has a graphite occurrence with a prospective surface outline of 3.22 km2 of continuous graphitic gneiss. The PEA study will commence immediately with completion of the National Instrument 43-101 compliant PEA expected in December 2017.

The PEA will utilize the geological information as well as the metallurgical and mineral processing data currently available to determine and describe the scope of the potential future mining operation at Lola.

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