Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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 Herald

" Basin Uranium (CSE:NCLR) completes 2022 drilling at Mann Lake

Basin Uranium (NCLR) has completed 2022 drilling at its Mann Lake project.
New Found Gold Corp. - COO, Greg Matheson.

" New Found (TSXV:NFG) intercepts bonanza gold

New Found Gold Corp. (NFG) has struck a bonanza-grade gold intercept on its Queensway Project in Newfoundland and Labrador.

" Andean Precious Metals (TSXV:APM) appoints new independent director

Andean Precious Metals (APM) announced the appointment of Yohann Bouchard to its board of directors, effective December 1, 2022.

" Skyharbour Resources (TSXV:SYH) completes 2022 drilling at Mann Lake uranium project

Skyharbour Resources (SYH) partner company Basin Uranium has completed the 2022 drilling program at the Mann Lake uranium project.