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Last C$0.19 CAD
Change Today 0.00 / 0.00%
Volume 92.5K
As of 3:59 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

sama resources inc/ressource (SME) Snapshot

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06/11/14 - C$0.37
52 Week Low
03/3/15 - C$0.14
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sama resources inc/ressource (SME) Details

Sama Resources Inc. is engaged in the exploration and development of mineral projects in west Africa. It primarily explores for copper, nickel, cobalt, palladium, platinum, scandium, and graphite deposits. The company has 100% interests in the Samapleu Project that covers an area of approximately 446 square kilometers and is located to the northwest of Abidjan, Côte d’Ivoire; and the Lola project, which covers an area of 1,212 square kilometers and in located to the east of East of Conakry, eastern Guniea. It also has interests in the Lola Graphite Project that covers approximately 380 square kilometers and is located in eastern Guinea. Sama Resources Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

sama resources inc/ressource (SME) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$185.0K
Chief Financial Officer
Total Annual Compensation: C$79.3K
Compensation as of Fiscal Year 2014.

sama resources inc/ressource (SME) Key Developments

Sama Resources Inc./Ressources Sama Inc Announces Production Updates

Sama Resources Inc./Ressources Sama Inc. announced the intersect of a combined 8.0 meters ("m") of nickel- copper-palladium rich massive sulphide (57.65 m to 60.55 m and 62.90 m to 68.00 m) within a 54-meter mineralised pyroxenite intersect at the Company's Samapleu Project, Côte d'Ivoire, West Africa. The tip of this remarkable intercept area is situated just 11 m vertically below the surface. Hole SM44-428267 intersected 54 m of mineralized pyroxenite, grading 0.96% nickel, 0.76% copper and 0.74 g/t palladium, including a combined 8.0 m of massive sulphide grading 4.08% nickel, 2.43% copper and 2.92 g/t palladium at the Samapleu Main deposit. Ongoing infill drilling at the Samapleu Main and Extension 1 deposits using both of Sama's 100% owned Coretech CSD 1300G drill rigs. The current drilling program is part of a 3,000-to-4,000-meter infill-drilling program aimed at reducing drill spacing and increasing the strike length of the already known mineralisation at the Samapleu Main and Extension 1 deposits. An updated NI 43-101 technical report is provisionally scheduled to take place following completion of the proposed program, in the second half of 2015. A second borehole SME25-133537 drilled at the Samapleu Extension 1 deposit intersected 33 m of mineralized pyroxenite with disseminated to semi-massive accumulations of chalcopyrite, pentlandite and pyrrhotite sulphides including a combined 5.05 m of semi-massive sulphide mineralization. The massive sulphide mineralization is characterised by large granular aggregates of nickel, copper and iron sulphides, named pentlandite, chalcopyrite and pyrrhotite respectively. Pentlandite occurs together with pyrrhotite, while the chalcopyrite, being the third mineral of global abundance, appears either mixed with the pentlandite or as late sulfide centimetric veins crosscutting the pentlandite-pyrrhotite material.

Sama Resources Inc. Announces 14 Boreholes at the Samapleu Extension 1

Sama Resources Inc. announced that 14 boreholes, representing 2,723 meters, drilled at the Samapleu Extension 1 nickel-copper-palladium deposit since the 2013 National Instrument 43-101 mineral resource estimate, resulted in a 70% increase in the mineralized surface strike length. The surface strike length of the mineralization increased to more than 675 m from 390 m in August 2013. Approximately 1.3 kilometers of the surface exposure of the Samapleu Extension 1 pyroxenite host remains to be drill tested. Sama will be initiating a 3,000 m drilling program at the Extension 1 deposit at Samapleu with a view to increase the confidence level of the inferred mineral resource to the measured and indicated mineral resource category. A revised mineral resource will be performed following the completion of the proposed program. An updated NI 43-101 technical report is provisionally scheduled to take place following completion of the proposed program.

Sama Resources Inc./Ressources Sama Inc. Auditor Raises 'Going Concern' Doubt

Sama Resources Inc./Ressources Sama Inc. filed its Annual on Jan 27, 2015 for the period ending Sep 30, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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