News Releases

Sama Initiates Second Drill Hole at Yepleu and receives FINRA approval on US Listing

January 8, 2019

Sama Resources Inc. (TSX-V: SME | OTC.PK: SAMMF) is pleased to announce it has commenced the second deep exploration drill hole as part of a 6,000m drilling program launched in mid-November 2018. The program is designed to test high-conductivity targets defined by the Phase 1 Typhoon™ electromagnetic geophysical survey at the 100%-owned Yepleu property at the Company’s Nickel-Copper-Cobalt-Palladium Project in Côte d’Ivoire, West Africa.

The second drill hole is targeting an electromagnetic response located 3.1-kilometer south-west from the first hole (YE29-556043). The Typhoon response begins at approximately 750m from surface, with a core at 950m, and appears to be open at depth. Drill hole YE29-556043 intersected sulfide mineralization showing up to 5.18% copper and up to 3.56% nickel (results obtained using the Niton XRF Analyzer, Ref: Press Release December 12, 2018).

Surface map and a cross section SW-NE showing previous drill hole YE29-556043 and the current hole: YE45-348721. Isocontours in red and violet represent conductivity envelopes defined using 25 and 100 Siemens/m (S/m) respectively. The 100 S/m envelops are shadowed by the 25 S/m envelopes.

Sama also confirms that, effective December 4, 2018, the Company received FINRA approval for the Company’s shares to begin trading on the OTC Markets Group Pink Sheets platform under the ticker symbol “SAMMF”.  Sama’s quotation on the OTC Pink is intended to begin the first step towards increasing the Company’s exposure to the U.S. markets.

For more information please see Sama’s news release.


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