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sama resources inc/ressource (SME) Snapshot

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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: --
Compensation as of Fiscal Year 2013.

sama resources inc/ressource (SME) Key Developments

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.

Sama Resources Inc./Ressources Sama Inc. Announces Second Series of Laboratory Scale Metallurgical Tests

Sama Resources Inc./Ressources Sama Inc. announced that a second series of laboratory scale metallurgical tests once again corroborate the high potential of the Lola Graphite Project in Guinea, West Africa. Purification tests, using combined sulphuric and hydrofluoric ("HF") acids, performed on graphite concentrate obtained through conventional flotation and gravity processing, increased the graphite content ("% Cg") of all flake categories to greater than 99%. Petrological investigations showed that muscovite and other silicate minerals remained attached to graphite flakes, hence affecting the purity of the flotation/gravity concentrate. Washing the graphite concentrate in a solution of sulphuric and hydrofluoric acids selectively leached and removed muscovite and silicate minerals returning jumbo, large, medium and small flake concentrates assaying 99.1% Cg, 99.2% Cg, 99.6% Cg and 100% Cg, respectively. The samples for the two tests reflect the oxide layer of the Lola deposit. The sample for the maiden test, representing approximately 15% of the deposit, had a higher level of supergene silicate content. The sample for the second test, representing approximately 85% of the deposit, was a more friable material and was much lower in supergene silicate material. The samples for the maiden and the second tests had similar head grades, 11.5% Cg and 12.2% Cg, respectively.


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