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Sama Resources Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 5/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-5-2017: Sama Resources Inc. announces an Exploration/Drilling Update report for its Lola deposit at the Lola project. Drilling results incl. 32m @ 7.98% TCG from 0m. Montreal, Quebec, May 24, 2017 - Sama Graphite Inc. (TSXV: SRG) (“SRG” or the “Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Montreal, Quebec, May 24, 2017 - Sama Graphite Inc. (TSXV: SRG) (“SRG” or the “Company”) today announced that preliminary results received from its drilling program currently underway on the Lola Graphite property in the Republic of Guinea, have significantly expanded the Company’s perceived potential of the property. The 4,800-meter drilling program is underway on the property with an objective to delineate National Instrument 43-101 mineral resources. The Company has completed 83 boreholes totalling approximately 2,300 meters, representing approximately 50% of the program. The drilling program started testing the eastern edge of the deposit and its boundary with the barren gneiss; composite results shown in Table 1 are from the first 15 boreholes from that area. Drilling has now moved to the core of the mineralization where the thickness of the weathered profile exceeds the initially estimated 20 meters considerably, with several holes demonstrating thicknesses of up to 30 to 35 meters and resulting in an average weathered profile of approximately 28 meters. Assays results for the core sector are still pending. Furthermore, recent drilling has intercepted several occurrences of semi-massive to massive graphite vein material. These intercepts range from a few centimeters to up to 1.1-meters thick in four boreholes. The presence of these amorphous graphite veins support the magmatic origin of the carbon material, hence its exceptional chemical purity. The exceptional chemical purity of the Lola Graphite deposit contrasts greatly when compared with numerous other graphite deposits in the world as the carbon in other graphite deposits carries impurities such as vanadium and molybdenum, which necessitate removal. | |
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