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Sama Resources Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 7/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-7-2016: Sama Resources Inc. announces an Exploration/Drilling Update report for its Lola deposit at the Lola project. Summary of mineral potential of the Lola Graphite project. The Lola Graphite Project is 100% owned by Sama Resources Guinea SARL, a fu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean Laforest (Independent) | |
| ABSTRACT: | The Lola Graphite Project is 100% owned by Sama Resources Guinea SARL, a fully owned Sama Resources Inc. subsidiary. The Lola Graphite occurrence is located near the town of Lola in eastern Guinea, 1,000 km from Conakry, the capital of the Republic of Guinea. The occurrence is within 50 km from the border with Guinea and located 3.5km west of the town of Lola. The occurrence has been discovered by the BUMIFOM (Bureau Minier de la France Outremer) during the construction of the Conakry-Lola road in 1951. Following the independence of Guinea in 1959, the project was abandoned and subsequently forgotten until Sama Resources “re-discovered” the occurrence in 2012. The graphite rich paragneiss is present at surface over 8.7 kilometers with an average width of 300m and up to 1,000m wide. The first 20m or so of the deposit is well weathered (lateralized) freeing graphite flakes from the silicate gangue and allowing for an easy grinding with an optimal recovery of large and jumbo flakes. Graphite mineralisation continues at depth within the non-weathered paragneiss. Graphite mineralization is well exposed at surface on its entire strike length with sample grades ranging from trace to up to 20% of large flakes and often seen in higher concentration agglomerates. Sama Resources Guinea SARL is committed to develop the Lola Graphite occurrence and have spent approximately Can$0.0.93M since 2012 on the project and a total Can$1.32M in Guinea since 2010. | |
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