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Sama Resources intersects 1.10% nickel and copper over 69 metres at Samapleu, Cote d'Ivoire

Sama Resources (CVE:SME) Thursday unveiled assay results for mineralized intersections of 11 holes drilled in October and November 2011 at its Samapleu project in Cote d'Ivoire, Africa.

Shares were up 11 percent Thursday afternoon to $0.39.

Assay results for 11 holes drilled at the Samapleu Extension 1 poly-metallic zone and the Samapleu Main poly-metallic deposit have been received.

The Samapleu Extension 1 poly-metallic zone is located 1.3 kilometres north of the Samapleu Main poly-metallic deposit.

Sama said that drill hole SM25-009620 returned 69.50 metres combined highly disseminated and massive sulphides grading 1.10% Nickel and copper and 1.06 grams per tonne (gpt) palladium and platinum, including 2.1 metres of massive sulphides grading 2.29% Nickel, 0.50% copper, 0.13% cobalt and 2.19 gpt palladium.

The mineralized intersection starts at 33.75 metres from surface, immediately below the overburden. Borehole SM25-009620 was drilled at the northeast end of the mineralized strike of the Samapleu Extension 1 poly-metallic zone, meaning that the mineralized zone is open toward the northeast, as well as depth.

Borehole SM24-627794, located at the southwest end of the Samapleu Extension 1 poly-metallic zone, returned 1.95 metres of massive sulphides grading 2.29% Nickel and 0.36% copper, indicating that the mineralized zone is also open toward the southwest.

Assay results for 3 more holes are still pending, Sama said.

Flotation test work performed earlier in 2011 by Societe Generale de Surveillance demonstrated that from a mineralized blend grading of 0.53% Nickel and 0.52% copper, a bulk Nickel and copper concentrate analyzing 18.5% is produced.

Based on these excellent results, SGS was commissioned to perform upgrading metallurgical tests. The initial upgrading tests indicated that lower grades of Samapleu mineralized material will produce a higher grade of material as fed to flotation.

Heavy media separation tests showed that in treating material at 0.35% Nickel and 0.33% copper, the resultant material grades are 0.66% Nickel and 0.53% copper, while rejecting 55 percent of the feed material mass prior to the flotation circuit.

Further tests are currently ongoing with a bulk sample of 44 kilograms using a 0.30% Nickel calculated head grade. Additional upgrading tests are planned using electromagnetic sensor sorting methodology at MineSense's laboratory in Vancouver, BC.

The company's discovered 19-km long Gangbapleu-Bounta ridge contain several outcropping mafic and ultramafic bodies, as well as newly discovered Massive Chromite occurrences named Bounta North and Bounta South.

These Massive Chromite occurrences, in addition to having significant potential by themselves as possible candidates for direct shipping economic material, are indicative of a highly favourable geological environment for additional Samapleu Ni-Cu style mineralization.

The company is actively pursuing surface exploration along the 19 km ridge and is seeking to perform an approximately 12,000 line/km airborne magnetometre survey over the entire Samapleu property in Cote d'Ivoire and a large part of Sama's Lola Project in Guinea, which is adjacent to Samapleu.

The Samapleu Nickel-Copper Sulphide Project in Cote d'Ivoire is currently in its exploration phase.