Yepleu Nickel-Copper-Palladium Discovery Target Area Expands by 21km2
February 3, 2014 (Source: Marketwired) — Sama Resources Inc./Ressources Sama Inc. (“Sama” or the “Company“) (TSX VENTURE:SME) is pleased to announce the regional geological mapping has identified that the geological host of the newly discovered Yepleu nickel-copper-palladium mineralization extends beyond the original 3 kilometers (“km“) by 600 to 800 meters (“m“) to an area as vast as 6 km x 4 km.
“The Yepleu discovery is the first nickel-copper-palladium deposit found outcropping at surface in West-Africa” stated Dr. Marc-Antoine Audet, President and CEO. “Together with the Samapleu nickel-copper-palladium deposits, the Yepleu discovery is part of the recently discovered Yacouba layered complex” Dr. Audet added.
The Yepleu Project is located 18 km southwest of the Samapleu nickel-copper-palladium deposits at the southwest boundary of the Samapleu Project in Côte d’Ivoire, West Africa. Exploration is ongoing with both of the Company’s 100% owned Coretech CSD 1300G drill rigs.
Detailed geophysical interpretation of the airborne HTEM Survey has identified more than 20 high priority targets for nickel-copper-palladium exploration. The Yepleu area is just one of them. The HTEM Survey clearly demonstrates the discovery potential for additional nickel-copper sulphide deposits within Sama’s properties.
Down-hole geophysical surveys will commence shortly. Drill holes will be surveyed after they are finished and any high priority conductors that are identified will be targeted for follow-up drill testing.
The reader is invited to view the new geophysical interpretation contained in the link below: http://www.samaresources.com/i/projects/samapleu/Yepleu_Discovery_Area_Expands_Feb_3.pdf.
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For more details, the reader is invited to review Sama’s updated compilation on its website at: http://www.samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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” within the meaning of Canadian securities legislation or “forward-looking information” within the meaning of the Ontario Securities Act and the Securities Act (British Columbia). This includes statements concerning the Company’s plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to vary or be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or forward-looking information. Information regarding drilling results may also be deemed to be forward-looking statements or forward-looking information in that they reflect a prediction of what may be found to be present when and if a project is actually developed.
Forward-looking statements and forward-looking information 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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>