MONTREAL, QUÉBEC--(Marketwired - July 8, 2014) - Sama Resources Inc./Ressources Sama Inc. ("Sama" or the "Company") (TSX VENTURE:SME) is pleased to announce that the first metallurgical test performed at Activation Laboratories Ltd., Thunder Bay, Canada ("ActLab") has returned high quality Graphite concentrate with up to 96% graphite recovery. This metallurgical test is the first of a series of proposed laboratory tests in order to define the grade and recovery of the final graphite concentrate.
The maiden test was performed on the two prominent mineralised facies of the deposit: the oxide material (first 20 meters ("m") from surface of totally to partially weathered material (saprolite)) and the underlying non-oxide material (below 20m).
The maiden metallurgical batch test on the oxide material returned a recovery to rougher concentrate of 96% of graphite flakes, producing a final table graphite concentrate having 60% of jumbo and large size flakes showing 92.9% and 90% graphite content respectively. Table 1 summarizes the findings.
Furthermore, the obtained concentrate was analysed for a series of elements to check for any possible contaminants, the assay data in Table 2 shows that the concentrates contained very low levels of minor elements.
"We are pleased with these impressive results from the initial test. It is a clear indication of the very high potential of the Lola Graphite mineralization," commented Dr. Marc-Antoine Audet, President and CEO of Sama. "A series of additional tests are planned in order to refine and further improve the already excellent recovery and grade of the graphite concentrate," Dr. Audet added.
Sama will continue to define and develop the Lola Graphite project on its own, however it is currently pursuing discussions for a partnership with known graphite developers and producers in order to accelerate the path to production.
Sama has launched a 4,000m drilling program designed to establish the mineral resources within the oxide material with its two 100% owned Jacro drill rigs.
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| Table 1: Metallurgical results of the maiden test at ActLab on the oxide and non-oxide mineralised material at the Lola Graphite deposit. |
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Oxide material |
| Flake Size |
Distribution % |
Graphite Content, %Cg |
| +50 mesh (jumbo) |
29.2% |
92.9% |
| +80 mesh (large) |
30.8% |
90.0% |
| +150 mesh |
17.9% |
80.4% |
| -150 mesh |
22.2% |
71.0% |
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|
|
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Non-Oxide material |
| Flake Size |
Distribution % |
Graphite Content %Cg |
| +50 mesh (jumbo) |
20.4% |
89.4% |
| +80 mesh (large) |
25.6% |
84.7% |
| +150 mesh |
22.7% |
76.0% |
| -150 mesh |
31.3% |
73.9% |
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Table 2: Trace element analysis of the produced table graphite concentrate: ppm: part per million
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Element
Material/
Fraction |
Chromium
ppm |
Cobalt
ppm |
Copper
ppm |
Lead
ppm |
Molybdenum
ppm |
Nickel
ppm |
Vanadium
ppm |
Zinc
ppm |
| Oxide material |
|
|
|
|
|
|
|
|
| +50 mesh (Jumbo) |
20 |
6.4 |
52 |
2.54 |
1.63 |
10.5 |
2.7 |
11 |
| +80 mesh (large) |
32 |
9.8 |
81 |
4 |
2.97 |
17.9 |
1.6 |
17 |
| +150 mesh |
49 |
12.3 |
118 |
6.24 |
4.33 |
32.4 |
8 |
24 |
| -150 mesh |
62 |
13.8 |
140 |
7.25 |
6.05 |
40.4 |
1.3 |
27 |
| Non-oxide material |
|
|
|
|
|
|
|
|
| +50 mesh (Jumbo) |
69 |
5.28 |
77 |
9.11 |
16.6 |
55.2 |
46.2 |
74 |
| +80 mesh (large) |
85 |
15.2 |
125 |
8.64 |
44 |
88.5 |
4.9 |
114 |
| +150 mesh |
76 |
19.3 |
218 |
17.7 |
126 |
106 |
22.4 |
127 |
| -150 mesh |
60 |
21 |
596 |
22.9 |
198 |
122 |
11 |
153 |
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The Graphite Project is 100% owned by Sama Resources Guinea SARL, a fully owned subsidiary of the Company. The Graphite Project is located near the town of Lola in eastern Guinea and within 50 km from the border with Côte d'Ivoire.
Additional details for the Lola Graphite project can be viewed in the Sama's updated compilation at: http://www.samaresources.com/i/pdf/Sama_Corporate_Presentation.pdf
The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, P.Geo and President and CEO of Sama and by Dr. Phillip Mackey, P.Eng., a metallurgical consultant, both acting as qualified persons as defined by NI 43-101 Standards of Disclosure for Mineral Projects.
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.
Forward-Looking Statements Certain of the statements made and information contained herein are "forward-looking statements" within the meaning of Canadian securities legislation or "forward-looking information" within the meaning of the Ontario Securities Act and the Securities Act (British Columbia). This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to vary or be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or forward-looking information. Information regarding drilling results may also be deemed to be forward-looking statements or forward-looking information in that they reflect a prediction of what may be found to be present when and if a project is actually developed.
Forward-looking statements and forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties.
In addition, forward-looking statements and forward-looking information are based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information or forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.