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SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Gogota | |
| Location: | Guinea | |
| Commodities: | Cobalt-Nickel-Scandium-Iron | |
| Date: | 3/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 26-3-2018: SRG Graphite Inc. announces an Exploration/Drilling Update report for its Gogota deposit at the Lola project. Assays from old drillhole results incl. 25m @ 0.21% Co, 1.37% Ni, 32g/t Sc, 47.73% Fe from 7m. MONTREAL, March 26, 2018 -- Sama Resour | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marc-Antoine Audet (Internal) | |
| ABSTRACT: | MONTREAL, March 26, 2018 -- Sama Resources Inc. (“Sama” or the “Company”) (TSXV:SME) is pleased to report that SRG Graphite Inc. (“SRG” (TSXV:SRG) announced today the remaining assay results from the drilling program conducted on the SRG’s cobalt-nickel-scandium Gogota project in Guinea, West Africa. With these latest assay results, SRG is now in a position to produce a maiden resource estimate. Sama holds a control position in SRG of 24,658,267 shares representing 40.09% of the issued and outstanding shares of SRG and is considered an insider for reporting purposes To complete the resource estimate, SRG has engaged Montréal-based Met-Chem, a division of DRA Americas Inc. (“MetChem/DRA”). The Gogota cobalt-nickel-scandium occurrence has a prospective surface outline of 1.96 km2 and is approximately 5km away from SRG’s Lola graphite deposit. The study will commence immediately with completion of the National Instrument 43-101 compliant resource estimate expected in H1 2018. Of the 51 vertical drill holes carried out over the Gogota Deposit in 2012-2013, 31 were drilled over a 200-meter by 400-meter grid and 20 were drilled over a 200-meter by 200-meter grid. The first phase of samples from 31 drill holes representing 800 samples were sent for analysis in 2013 and returned significant cobalt (“Co”), nickel (“Ni”), and scandium (“Sc”) results, among others. These results were reported again by SRG on January 23, 2018. The second phase of 20 drill holes representing 425 samples were recently sent for analysis. The combined mineralized intervals for all boreholes are presented in Table 1. A compilation map can be seen in Figure 1. | |
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