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Sama Resources Gains New Base Metals Exploration License

Sama Resources Inc. (TSXV:SME) announced that it’s obtained a new exploration license that’s contiguous to the Samapleu license in Cote d’Ivoire. The new license is an 80-kilometer land package, and the company plans to explore for base metals there.

Highlights include:

  • New exploration license on highly prospective area
  • First of four boreholes returned thick sub-horizontal layered sequences at 360m
  • Downhole Geophysics to be completed in Q1 2016 at Yepleu and Samapleu
  • Samapleu License has been approved for renewal.

The press release also states:

The Grata Permit is 100% owned by Sama Nickel Côte d’Ivoire SARL, a fully owned subsidiary of the Company. The Grata Permit is located adjacent to the north-eastern boundary of the Samapleu exploration permit (PR 123). Sama believes that ultramafic sequences of the recently outlined large Yacouba Layered Complex which hosts the Samapleu Nickel-Copper-Palladium deposits, are extending within the Grata Permit and as such represent a prime target for nickel-copper-palladium mineralization. Surface exploration is ongoing and will be followed shortly with exploration holes.

Click here to read the full Sama Resources Inc. (TSXV:SME) press release.

From-LME-Copper-to-Copper-ETFs-copy  Updated December 2015

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