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Samapleu Ni-Cu (PGE's)

Overview Samapleu Ni-Cu (PGE's)

Lola Ni-Co Project

	MASSIVE AND SEMI-MASSIVE SULPHIDES IN SAMAPLEU POLY-METALLIC DEPOSIT AND TWO NEW NICKEL BEARING SECTORS

	POTENTIAL MULTIPLE WORLD CLASS SULPHIDE NICKEL-COPPER + PGM'S BODIES

	Location The Project is located approximately 600 km northwest of Abidjan and encompasses approximately 446 square km. The area has excellent infrastructure with a road network leading to the Project and all required services available in the nearby towns of Man and Biankouma. The Samapleu license is located adjacent to the large world class nickel-cobalt laterite deposits of Sipilou, Foungouesso, Moyango and Viala.

	Ownership Samapleu Project A Memorandum of Agreement between La Société pour le Développement Minier de la Côte d'Ivoire (SODEMI) and Sama Resources Inc's 100% own subsidiary, Sama Nickel Corporation, was signed on the 15th January 2009. Under the terms of this agreement, a joint venture was established (Sama Nickel Corporation as Operator) to undertake exploration within Exploration Permit No. 123. Current Equity participation; Sama Nickel Corporation 66.6%, SODEMI 33.3%. The financial participation will be as follows; Sama Nickel Corporation: 100% to feasibility, Thereafter, Sama Nickel Corporation: 60% of capital, SODEMI 30% and the Ivorian Government has a 10% free-carried interest.

	Opportunity Samapleu Project "Samapleu poly-metallic deposits will give Sama the opportunity to become the first poly-metallic producer in West Africa." The Samapleu deposit is comprised of disseminated and semi-massive to massive sulphide mineralization hosted by a mafic-ultramafic intrusion located in the southern border of an early Proterozoic age deformation zone affecting the Archean Charnockitic shield. Mineralization is strata bound within pyroxenite layers of the Samapleu mafic-ultramafic complex. The disseminated mineralization is typically characterized by fine isolated grains to large granular aggregates of iron, nickel and copper sulphides. Sulphide phases observed so far include pyrrhotite, chalcopyrite, pentlandite and minor pyrite. Pentlandite occurs as inclusions in pyrrhotite. Disseminated sulphide occurs as fine grains of 0.5 to 1 mm in diameter, showing a high ratio of pyrrhotite versus chalcopyrite. Sulphide veinlets and fine filaments are also present. Composite grains of sulphide material are dominant, forming sulphide masses of odd shapes ranging from a few millimeters up to several centimeters in any one dimension.

	SAMA Established Potential for Multiple Mineralized Bodies A successful 4,800m Phase 1 drill program that ran from March to July 2010 exceeded expectations by firstly, confirming the mineralized potential at the main Samapleu Ni-Cu+PGE's deposit together and secondly, by discovering an entirely new mineralized sector called "Samapleu Extension 1" located 1.3km north of the Main Samapleu deposit. Based on the excellent Phase 1 results, on November 08, 2010 the company launched a 9,000m Phase 2 drilling program. The Phase 2 drilling program is aimed at establishing NI43-101 compliant Mineral Resources at the Main Samapleu deposit and at the Extension 1. The 9,000 meter drill program is currently ongoing and already we have identified multiple mineralized zones/anomalies.

	Highlights Main Samapleu deposit: The Samapleu Main deposit appears to be composed of two distinct and more or less parallel tubular shape lenses of massive sulphide plunging towards the south at approximately 35°. These two massive lenses are located within a 10% to 40% halo of disseminated sulphide within pyroxenite units, forming a 400 m long mass open at surface toward the southeast and the northwest and at depth. A detailed IP survey is due to start shortly to test potential at both ends. 17.6m 1.95% Nickel, 1.95% Copper, 0.07% Cobalt, 1.5 g/t Palladium, 0.13 g/t Platinum, 0.27 g/t Gold. 3.00m massive sulphide within 23.75m of highly disseminated sulphides ( Awaiting Assay ) 24 historic drill holes: 6.50m 3.04% Nickel, 2.58% Copper 8.00m 2.58% Nickel, 4.34% Copper Samapleu Extension 1: 1.3 km northeast of the Main Samapleu Deposit 9.0m @ 1.93% Nickel + Copper, 1.6 g/t Platinum Group Metals within 109m of material enriched with disseminated and semi-massive sulphide mineralization. 0.90m @ 2.68% Ni 1.65m @ 1.82% Ni, 2.14 g/t Pd 0.65m @ 1.75% Ni, 2.74 g/t Pd Sipilou South Nickel-Cobalt+Scandium laterite deposit The Samapleu exploration license also hosts a significant amount of nickel-cobalt + scandium rich laterite material, known as the Sipilou South laterite deposit, located 5 km northwest of Samapleu main deposit. Approximately 50% of the Sipilou South Ni-Co laterite deposit extends into the exploration license. Laterite material grading between 1.2% to 2.04% Nickel and 0.06% to 0.10% Cobalt has been reported from previous works. A first stage laterite drilling program by the Company on an 800m x 400m grid will be part of the current drilling Phase II program.

	Newly discovered high potential zones Kourouba: Discovery of a new mineralized sector located 2.5km north of the Main Samapleu deposit. 23.75m of mineralized pyroxenite with disseminated sulphide ranging from 10 to 30% including stringers of massive sulphides. Full lateral extension is not known. Open at depth. Gangbapleu: Sama's surface exploration has identified a new mafic to ultramafic complex (potential host for mineralization) located 3.5 kilometers south of the Samapleu Main deposit. This new "Gangbapleu" sector extends for several km to the southwest. A mineralized pyroxenite rock sample collected at surface has returned 0.15% Copper and 0.07% Nickel. Although low, these unexpected values at surface are indicative of the potential for a whole new complex.

	Presentations Samapleu Ni-Cu Project Presentation(PDF 25.6Mb)