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Sama Resources’ NI 43-101 compliant mineral resource estimate at its Samapleu nickel-copper-palladium deposits in Côte d’Ivoire, West Africa has significantly increased since the June 2012 maiden mineral resource estimate.

“We are pleased with this significant mineral resource increase which we consider is a clear indication that the potential of the property is extensive”, commented Dr. Marc-Antoine Audet, President and CEO of Sama

The revised mineral resource estimate includes an indicated mineral resource of 14.1 million tonnes grading 0.24% nickel and 0.20% copper and containing 74.5 million pounds of nickel and 61.2 million pounds of copper, together with an inferred mineral resource of 26.5 million tonnes grading 0.24% nickel and 0.18% copper and containing 134 million pounds of nickel and 107.2 million pounds of copper for both the Samapleu Main and the Samapleu Extension 1 deposits.

Indicated and Inferred mineral resources have increased by 13% and 231% respectively when compared to the  2012 Resource Estimate (please refer to June 21, 2012 Press Release).

The mineral resource estimate for a cut-off of 0.1% was based on 110 boreholes for a total of 17 273m and includes the Samapleu Main deposit and part of the Samapleu Extension 1 deposit, 1.3km distance. The Samapleu Main deposit was drilled on 25m x 50m centres while the Samapleu Extension 1 deposit was drilled on 25m x 25m and 50m x 50m centres.

Since the 2012 Resource Estimate, a total of 2 069 additional samples were added to the database, which represent 28% of the sample database. Of these additional samples, 520 samples come from six boreholes drilled at the Samapleu Extension 1 deposit and one borehole drilled at the Samapleu Main deposit in 2012. The remaining 1 549 additional samples, collected from 61 boreholes at both deposits, are from previously unsampled intervals due to low percentage of visible sulphide (from trace to five per cent). In the 2012 Resource Estimate, these non-sampled intervals were considered as having no value.

Mineralisation is seen as predominantly disseminated sulphides within host ultramafic sequences, dominated by pyroxenite, with lenses of semi-massive and massive sulphide mineralisation locally remobilised by tectonics. Both deposits remain open below 200m from surface. The strike of the surface exposure at the Samapleu Extension 1 deposit extends northeast-southwest and has been mapped and sampled for 2.1km. Approximately 50% of the surface exposure defined to date remains to be drill tested.

Sama wishes to emphasise that the mineral resources outlined herein excludes the northeastern end of the Samapleu Extension 1 deposit where eight boreholes were drilled since January 2013.

Resource Estimate Authorship and Methodology

A 3D block model was created for each sector; estimation was conducted using Gemcom software. The mineral resources were estimated using Ordinary Kriging. Blocks were determined using a minimum of 2 and a maximum of 12 composites with a sample search ellipse 10 m x 30 m x 75 m oriented for each deposit as follows:

–       Main: 120/30/0 (Z, X, Z)

–       Extension 1: 45/15/0 (Z, X, Z)

A geological code system has been introduced and assigned to the various lithological units, alteration, and mineralisation. Continuity directions were assessed based on the orientation of wireframes, composites and the spatial distribution of the element in question. Variograms were generated for principal variables of Nickel, Copper, Cobalt, Palladium, Platinum and Gold, based on 1m downhole composites.

The Samapleu Projects block models were created by Sama’s qualified geologist, Dr. Marc-Antoine Audet, P.Geo. and were reviewed and controlled by Dr. M.A. Ben Ayad, Ph.D, P.Geo. and Pierre Jean Lafleur, Eng., a Gemcom software expert. Both Dr. Ayad, and Lafleur are independent of the company within the context of NI 43-101. The mineral resource estimate has been classified and reported in accordance with the CIM guidelines (CIM 2005) and NI 43-101.

Dr. Ayad validated the Samapleu block model using summary statistics checking for global estimation bias, drift analysis, and visual inspection.  He visited the property from April 19, 2012 to April 22, 2012. He reviewed and compiled data on core logging, QA/QC, density measurements, sampling procedure, assays results and drilling database with assay certificate crosschecks to assure the data integrity for the mineral resource update. He has also reviewed the data from drilling completed since March 2010.

Both Dr. Ayad and Lafleur consider that Sama applied a degree of care and diligence in monitoring the sample results for the Samapleu Project in keeping with accepted industry standards, and the QA/QC procedures and protocols employed were compliant in assuring that the sample data is appropriate for use in mineral resource estimations.

Both Dr. Ayad and Mr. Lafleur are not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that may materially affect this estimate of mineral resources.

Qualified Persons Statement

Dr. Ben Ayad is a registered member of the “Ordre des Géologues du Québec”,No. 1273 and Pierre Jean Lafleur  is a registered member of the “Ordre de Ingenieurs du Quebec”, No. 39862.  Both Dr. Ayad and Lafleur have more than 25 years of relevant experience each with the style of mineralisation and type of deposit under consideration and the activity which they are undertaking to qualify as “Qualified Persons” as defined by NI 43-101.

The Samapleu Project

The Samapleu Project is currently in a relatively advanced exploration phase.  Future exploration will be managed by a joint venture currently controlled  as to 66-% by Sama Nickel Corporation, a wholly-owned subsidiary of the company, and as to 33-% by Société pour le Développement Minier de C ôte d’Ivoire.

Dr. Phillip Mackey, P.Eng., a metallurgical consultant, and Dr. M.A. Ben Ayad, P.Geo, consulting geologist, are Independent Qualified Persons in the context of  NI 43-101, and have approved the technical information contained in this news release.

Highlights

– The inferred mineral resource at the Samapleu Main and Samapleu Extension 1 deposits have increased by 231% since the maiden mineral resource of June 2012.
– The strike of the surface exposure at Samapleu Extension 1 extends northeast- southwest and has been mapped for 2.1 kilometers.
– Approximately 50% of the surface exposure defined to date remains to be drill tested.

 

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