Base Metals

(TheNewswire)



Highlights:

  • - Gossan returned up to 0.52% nickel and up to 0.58% copper (XRF Niton)

    - Gossan extending over 115 meters ("m") at surface by up to 25 m wide

    - Gossan returned up to 1.49 ounce per tonne (oz/t) of scandium

    - Exploration will proceed with airborne surveys .

    - Creation of a newly Quebec division 100% owned subsidiary Sama Resources Quebec Inc. (SRQ) where the claims are going to be domiciled.

Montréal, Quebec – TheNewswire - June 16, 2021 – Sama Resources Inc. ("Sama" or the "Company") (TSXV:SME ) | ( OTC:SAMMF) is pleased to announce that it acquired a total of 370 explorations claims in the Outaouais region in the Province of Québec following the discovery at surface of a mineralised gossan at the 100% owned new project called Lac Brulé Nickel ("Ni") - Copper ("Cu") ( Gossans are highly ferruginous rock which is the product of the oxidation by weathering and leaching of a sulfide body: Elsevier Mineral Exploration 2013 ) . The gossan is exposed at surface over a strike length of 115 m and is part of a larger meta-gabbro/ultramafic unit that can be traced over more than 430 m of strike and 200 m of width.

" This striking new discovery in the Province of Québec is opening-up a new chapter for Sama by showing our ability to discover new base metal districts in virgin territory ", said Marc-Antoine Audet, CEO of Sama Resources Inc. M. Audet continued by saying that "G ossans of this type usually return low Ni and Cu values due to the intense surface leaching of the sulfide body. Results of up to 0.52% Ni and 0.58% Cu with the handheld portable XRF is therefore very significant (Figure 3). Assays of nine samples collected from the gossan (Table 1) report very high scandium tenors ranging between 1.25 and 1.49 oz/t. These very elevated scandium values are indicative of a gossan derived from sulfide accumulations within a meta-ultramafic system. Scandium of such high tenor reported with nickel and copper sulphide mineralisation is one of a first, if not the first, reported occurrence in the Province of Quebec".

Similar types of surface gossan can be indicative of nickel and copper mineralisation at depth, as was the case for the discovery of the Voisey's Bay Ni-Cu deposit in 1995 and the Lac Renzy Ni-Cu deposit in the 1950's.

In April and May 2021, the Company launched the Lac Brulé Ni-Cu project with the acquisition of a total of 370 exploration claims in the Nivernais and Esgriseilles Townships located within a 5-hour drive north of Montreal (Figures 1 & 2).  Dr. Audet (Ph.D. Geology) became aware of the potential of the entire area following his compilation for base metals of the Province of Québec performed in the late 1980's while working for Falconbridge. On the eastern edge of the large deformation pattern outlined by regional airborne magnetic data (Figure 1) is the small Renzy Ni-Cu mine. The Renzy Ni-Cu mine operated from 1969 to 1972, selling Ni & Cu concentrate to Falconbridge in Sudbury, Ontario.

Using data available on GESTIM (the Province of Quebec's Exploration & Mining public database), showing an excellent combination of magnetic and gravity responses and, more importantly, Sama's own base metal index, Sama staked the entire potential area (Figure 2).

During the initial field investigation, aimed at validating Sama's base metal index, the Company discovered a new gossan and its meta-gabbro/ultramafic host.  The gossan was discovered exactly at the location predicted by the index.

A 700 line-kilometre magnetometer and radiometric drone survey will be performed shortly over the prime area for exploration and will be conducted by the Montréal-based Helios UAV. The Company is targeting possible accumulations of Ni and Cu mineralisation at depth that could be of similar nature to the nearby Renzy mine Ni-Cu mineralisation and to other well-known Ni-Cu deposits in Québec and Labrador.


Click Image To View Full Size

Figure 1: Lac Brulé Ni-Cu project, Province of Quebec, Canada. Vertical gradient magnetics (left) and Ni showings/occurrences in Québec (right).


Click Image To View Full Size

Figure 2: Lac Brulé Ni-Cu project. exploration claims forming 1 large block surrounding the initial 19 claims taken in May 2020 and own by Dr. Audet, and a smaller block (block SE) south-west of the old Renzy Mine. The vertical gradient of gravity anomaly and the first derivative of the gradient magnetometer are shown in background.

Table 1: Assay results for nine samples collected at the gossan at surface. Sulfur (S) is showing that the gossan is derived from a sulfide body, Cu is up to 0.15% even after leaching and Sc ranging between 1.25 oz/t to 1.49 oz/t is highly significant, indicating a sulfide body derived from a meta-ultramafic protore. Percentages and oz/t were calculated from ppm divided by 10,000 for % and 32 for oz/t.


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size


Click Image To View Full Size

Readers are invited to view the updated Corporate Presentation showing exploration progress at all our properties: https://samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf

Assaying for the nine samples was performed by Activation Laboratories Inc (Actlab) in Ancaster, Ontario, Canada. Samples were analysed using Fire Assay finish ICPOES for gold and INAA/total digestion finish ICPOES for the other elements.

ABOUT SAMA RESOURCES INC.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa and now in Canada.

In Côte d'Ivoire only, Sama, has a strategic partnership to develop the Samapleu-Yepleu nickel-copper-palladium project with Ivanhoe Electric (previously HPX) in which entrepreneur Robert Friedland is a significant stakeholder. For more information about Sama, please visit Sama's website at http://www.samaresources.com .

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

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain of the statements made and information contained herein are "forward-looking statements" or "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements and forward-looking information such as "evidence", "potential", "appears", "seems", "suggest", are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties.

In addition, forward-looking statements and forward-looking information are based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information or forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

Power Nickel CEO Terry Lynch

Power Nickel CEO Terry Lynch: Positioned to Support the Green Revolution

Power Nickel CEO Terry Lynch: Positioned to Support the Green Revolutionyoutu.be

Keep reading...Show less
Blackstone Minerals

Ta Khoa Project Development Update

Blackstone continues to build relationships with key technology and off-take partners through alignment of Ta Khoa Project development strategy and execution schedule.

Blackstone Minerals Limited ("Blackstone" or the "Company") is pleased to advise that the Ta Khoa Project development shall be accelerated following strategy meetings with prospective technology and off-take partners (“the Partners”). The accelerated strategy will be achieved through the following critical activities:
Keep reading...Show less
Queensland Pacific Metals

Queensland Pacific Metals June 2022 Quarterly Report

Queensland Pacific Metals Ltd (ASX:QPM) (“QPM” or “the Company”) is pleased to present a summary of activities from the June 2022 quarter.

Keep reading...Show less
Rafaella Resources Logo

Rafaella Resources Releases Advanced PFS On Santa Comba And Doubles Its Canadian Portfolio

Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the ‘Company’) is pleased to provide its Appendix 5B cash flow statement for the quarter ended 30 June 2022, along with the following operational summary.

Keep reading...Show less
Centaurus Metals

June 2022 Quarterly Activities Report

Latest drilling results to further enhance Jaguar Resource model, with next Resource update on-track for September Quarter; Definitive Feasibility Study progressing well

Centaurus Metals Limited (ASX:CTM) is pleased to present the company's June 2022 quarterly activities report.

Keep reading...Show less

Latest Press Releases

Related News

×