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SME Sama Resources Inc

0.12
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sama Resources Inc TSXV:SME TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.12 0.115 0.12 0 14:25:14

Sama Resources Initiates 13,500 Line/km Airborne Magnetometer and Radiometric Survey Over its Samapleu Project (Cote d'Ivoire...

24/04/2012 12:00pm

Marketwired Canada


Sama Resources Inc. (TSX VENTURE:SME) ("Sama" or the "Company") - 

Further to Sama's news release dated January 31, 2012, Sama is pleased to
announce that it has commenced a 13,500 line/kilometre airborne magnetometer and
radiometric survey. Xcalibur Airborne Geophysics ("XAG"), of the Republic of
South Africa, has mobilized an aircraft near the Samapleu Project site and has
begun data collection. The airborne survey will cover the entire Samapleu
Project license in Cote d'Ivoire and the eastern part of its Lola Project in
Guinea. The survey area will be flown at 100-metre/line spacing, with tie-line
spacing set at every 1,000 metres.


The airborne survey will assist with Sama's geological interpretation of the
entire Samapleu/Lola Project area, with emphasis on identifying additional
geological and structural controls with the potential for nickel-copper sulphide
mineralization and further massive chromites mineralization.


XAG is using a Turbine Islander aircraft equipped with 2 magnetometer Geometrics
G823 Cesium Vapour sensors and an industry standard RMS AARC 500 Compensator.
Radiometric emissions are measured using an Exploranium GR 820 gamma ray
spectrometer with 32-litre crystal packs.


The Samapleu Project in Cote d'Ivoire and the Lola Project in Guinea are
currently in their exploration phase. The Samapleu Project is a joint venture
controlled 66 2/3% by Sama Nickel Corporation, a wholly-owned subsidiary of the
Company, and 33 1/3% by Societe pour le Developpement Minier de Cote d'Ivoire.
The exploration licenses for the Lola Project in Guinea are exclusively held by
a wholly-owned subsidiary of Sama.


This news release was prepared by Dr. Marc-Antoine Audet, PhD, P.Geo, President
and CEO of Sama and a 'qualified person' as defined in National Instrument
43-101, Standards of Disclosure for Mineral Projects.


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