Stocks & Investing
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Stocks and Investing
Tue, December 11, 2012 Sama Resources Initiates 3,300 Line/km Airborne Geophysical Survey
December 11, 2012 07:00 ET
Sama Resources Initiates 3,300 Line/km Airborne Geophysical Survey
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2012) -Sama Resources Inc. (TSX VENTURE:SME) ("Sama" or the "Company") is pleased to announce that it has commenced a 3,300 line/kilometre airborne helicopter time domain electromagnetic and magnetic survey (the "HTEM Survey") over the Company's Samapleu Project and Bounta Ridge area in Côte d'Ivoire, West Africa. The HTEM survey area will be flown at 100-metre/line and 200-metre/line spacing and is being conducted by Fugro Airborne Surveys (Pty) Ltd. of South Africa.
The HTEM Survey will assist Sama with its geological interpretation of the entire Samapleu Project and Bounta Ridge area. The HTEM Survey is aimed at targeting new sectors with the potential for additional nickel-copper sulphide mineralization from surface to several hundred metres at depth.
The Samapleu Project in Côte d'Ivoire is currently in its exploration phase. Any future production will be managed by a joint venture controlled 66 2/3% by Sama Nickel Corporation, a wholly-owned subsidiary of the Company, and 33 1/3% by Société pour le Développement Minier de Côte d'Ivoire.
This news release was prepared by Dr. Marc-Antoine Audet, PhD, P.Geo, President and CEO of Sama and a 'qualified person' as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
For more information, please visit Sama's website at [ http://www.samaresources.com ].
Forward-Looking Statements
This release contains forward-looking statements. Although Sama believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Sama can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Additional information on these and other factors that could affect Sama's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website ([ www.sedar.com ]).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
