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).
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.