For thousands of other reports visit RSC's Mineral Intellingence Map
Sama Resources Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 6/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-6-2017: Sama Resources Inc. announces an Exploration/Drilling Update report for its Lola deposit at the Lola project. Drilling results incl. 30m @ 8.14% TGC from 0m. Montreal, Quebec, June 15, 2017 - Sama Graphite Inc. (TSXV: SRG) (“SRG” or the “Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | Montreal, Quebec, June 15, 2017 - Sama Graphite Inc. (TSXV: SRG) (“SRG” or the “Company”) today announced receipt of more results from the drilling program currently underway on the Lola Graphite property in the Republic of Guinea. Assays returned encouraging results, such as 30 meters at 8.14% Cg, including 19 meters at 11.40% Cg. Additionally, drilling in the northern part of the deposit demonstrated increased thicknesses of the weathered graphite mineralized profile to up to 50 meters (“m”) from surface. To date, the Company has completed 99 boreholes totaling approximately 2,450 meters, representing approximately 60% of the program. The drill rig is now situated in the northern zone of the deposit, where a total of 36 boreholes are to be drilled. The first hole drilled at this location returned 52 meters of weathered profile, significantly thicker than SRG’s initial estimate of 20 meters. Based on results to date, the average weathered profile is approximately 32% greater than anticipated. The current drilling program aims at producing the first mineral estimates that will be included in the Preliminary Economic Assessment planned for Q4 2017. Boreholes are drilled on a 50 m x 20 m and 100 m x 20 m drilling spacing in two separate locations: southern sector and the northern sector. The current drilling program is aiming at covering approximately 16% of the total surface area of deposit as defined by geological mapping, a geophysical Max-Min survey and previous drilling and pitting. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report