Sama Resources Announces Improved Metallurgical Results Using Heavy Media Separation Testing on Its Samapleu Nickel-Copper Pr...
November 18 2011 - 6:00AM
Marketwired
Sama Resources Inc. (TSX VENTURE:SME) ("Sama" or the "Company") is
pleased to announce that the results of recent heavy media
separation tests carried out as part of the metallurgical test
program on the Company's "Samapleu Main poly-metallic deposit" and
"Samapleu Extension 1 poly-metallic deposit" in Cote d'Ivoire, have
returned increased results in grade. Tests showed that in treating
ore material with a calculated head grade of 0.35% nickel and 0.33%
copper, float rejects of 0.092% nickel and 0.17% copper were
produced with the sink material upgraded to 0.66% nickel and 0.53%
copper, while rejecting 55% of the feed material mass. The tests
are continuing using a range of ore feed materials.
"These initial results indicate that there appears to be good
potential to upgrade the lower grades of Samapleu ore to produce
higher grade material as feed to flotation," stated Dr.
Marc-Antoine Audet, President and CEO of the Company. "The
information being developed will form part of a National Instrument
43-101 ("NI 43-101") compliant report on the project, due to be
issued in the first quarter of 2012," he added.
Metallurgical testing was conducted by Societe Generale de
Surveillance of Lakefield, Ontario. Earlier reported flotation test
work demonstrated that with a "production" ore blend grading 0.53%
nickel and 0.52% copper, a bulk nickel-copper concentrate analyzing
over 18% nickel+copper could be produced with good metal
recoveries.
The phase II drilling program is now complete at the Samapleu
Main poly-metallic deposit, the Samapleu Extension 1 poly-metallic
deposit and the Sipilou South laterite deposit, with the remaining
batches of samples being submitted for assaying. The process for
establishing mineral resource estimates for these deposits has
started and will be completed upon receiving the last remaining
assay results.
This news release was prepared by Dr. Marc-Antoine Audet,
P.Geo., President and CEO of Sama, and by Dr. Phillip Mackey,
P.Eng., a metallurgical consultant, both acting as Qualified
Persons under NI 43-101.
For more information, please visit Sama's website at
www.samaresources.com.
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 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, 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.
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.
Contacts: Sama Resources Inc. Dr. Marc-Antoine Audet President
and CEO (514) 726-4158www.samaresources.com Brisco Capital Partners
Corp. Scott Koyich or Graeme Dick Investor Relations (403)
262-9888scott@briscocapital.com or graeme@briscocapital.com
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