SAMA RESOURCES INC. Sama drilled a total of 20 drill holes for 8,768 meters ('m') in 2021, including 5 holes at Yepleu for 2,766 m, 7 holes at the Samapleu deposit, including hole S-312 returning a combined 17.50 m at 1.87% nickel ('Ni'), 1.05% copper ('Cu') and 1.64 grams per tonne ('gpt') of palladium ('Pd'), and 7 holes at the Grata discovery for 2,921 m. Hole GR-04 drilled at the Grata discovery intersected 141m of continuous mineralization including near surface intervals of 6.40 m and 6.60 m grading 1.05% Ni -1.28% Cu & 0.48 gpt Pd and 0.73% Ni - 0.38% Cu & 0.30 gpt Pd respectively.
'Sama was very pleased with hosting the
Grata: Latest discovery in the
In
The discovery hole, GR-03, drilled in
The mineralization at Grata is similar in composition to the Samapleu deposit but shows a larger proportion of chalcopyrite and therefore a higher copper to nickel ratio. This relationship between copper and nickel 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
ABOUT
Sama is a Canadian-based mineral exploration and development company with projects in
On
ABOUT IVANHOE ELECTRIC INC.
Contact:
Dr.
Tel: (514) 726-4158
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 'will', could', 'expect', 'estimate', '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 ability of the company to convert resources in reserves, its ability to see through the next phase of development on the project, its ability to produce a pre-feasibility study or a feasibility study regarding the project, its ability to execute on its development plans in terms of metallurgy or exploration, 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.
(C) 2022 Electronic News Publishing, source
