• Sama Resources (TSXV:SME) commences drilling campaign
  • Nickel, copper and palladium present in core sample
  • Mineralized trend extended at Samapleu deposit
  • SME shares were up 6.82% and trading at C$0.24

Results from Sama Resources’ first drill hole sample of the year have indicated the presence of nickel, copper and palladium.

The sample was taken at the company’s Samapleu deposit in the West African country of Ivory Coast.

It returned grading of 0.43 per cent nickel, 0.30 percent copper and 0.52gpt of palladium, and a 4.6m massive sulphide grading of 1.98 per cent nickel, 0.92 per cent copper and 2.54gpt of palladium

Targets were defined using the Typhoon electromagnetic geophysical survey, with the target hole being drilled 200m west of the resource.

This extends the mineralized trend at the site.

The drilling program will recommence in February, where a second drill rig will test a 700m-deep target at Samapleu and follow a schedule to focus on targets at the Yepleu deposit – 25km southwest of Samapleu.

Sama Resources shares were up 6.82% and trading at C$0.24.

More From The Market Online
Miner holding gold nugget

Three mining stocks with untapped resources and rip-roaring returns

Value investing will always be synonymous with beaten-down junior mining stocks, whose volatility often masks opportunity.

Pegasus secures conditional approval of sale agreement with Ashley Gold

Pegasus Resources (TSXV:PEGA) announced that the TSX Venture approved the purchase and sale agreement with Ashley Gold Corp. (CSE:ASHL).
Laurion Mineral Exploration logo

Laurion Mineral Exploration marks TSXV listing milestone

Laurion Mineral Exploration (TSXV:LME) celebrates its 65th year as a publicly listed company on the TSX Venture Exchange.