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SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Gogata | |
| Location: | Guinea | |
| Commodities: | Nickel-Cobalt-Scandium | |
| Date: | 6/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2018: SRG Graphite Inc. announces a Resource Estimation report for its Gogata deposit at the Lola project. Initial mineral resource estimate at Gogata. MONTREAL, June 06, 2018 -- Sama Resources Inc. (TSX-V:SME) (“SME” or the “Company”) today reports t | |
| Resources: | (Resource, Inf.): 44.89Mt @ 1.28% Ni, 0.13% Co, 29g/t Sc | |
| CP/QP: | [Resources]: Schadrac Ibrango (Met-Chem Canada Inc.) | |
| ABSTRACT: | MONTREAL, June 06, 2018 -- Sama Resources Inc. (TSX-V:SME) (“SME” or the “Company”) today reports that SRG Graphite Inc. (“SRG”) has today announced the maiden resource estimate for the SRG 100%-owned Gogota nickel-cobalt deposit located in the Republic of Guinea. The mineral resource estimate, prepared by Montréal based Met-Chem, a division of DRA Americas Inc. (“Met-Chem/DRA”), includes a pit-constrained inferred resource of 44.9 million tonnes (“Mt”) grading 1.28% nickel (“Ni”) for a content of 573,040 tonnes and 0.13% cobalt (“Co”) for a content of 59,560 tonnes. The limonitic portion of the deposit also contains 1,166,200 kilograms (“kg”) of scandium (“Sc”). Mineral resources were based on 51 vertical drill holes carried out over the Gogota deposit in 2012-2013. 31 drill holes were drilled over a 200-meter by 400-meter grid and the remaining 20 were drilled over a 200-meter by 200-meter grid. SRG will file a NI 43-101 technical report supporting the mineral resource estimate with SEDAR within 45 days of the issuance of this press release. “The Met-Chem/DRA resource estimate demonstrates the exceptional potential of the Gogota project and reaffirms the tremendous geological potential in the sub-region” said Dr. Marc-Antoine Audet, Lead Geologist and Qualified Person (“QP”) for SRG and President and CEO of Sama. | |
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