Business News • MarketWire • Exploration Activities Underway at Sama's Lola Project in Guinea, West Africa, and Warrants Exercised for Proceeds of Approximately $840,000 |
Exploration Activities Underway at Sama's Lola Project in Guinea, West Africa, and Warrants Exercised for Proceeds of Approximately $840,000 |
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Exploration Activities Underway at Sama's Lola Project in Guinea, West Africa, and Warrants Exercised for Proceeds of Approximately $840,000
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2011) - (TSX VENTURE:SME) Sama Resources Inc. ("Sama" or the "Company") is pleased to announce that exploration activities for nickel-copper sulphide and for nickel-cobalt-scandium laterite mineralization are currently underway at the "Lola Project". The Lola Project encompasses 1,212 square kilometres of highly prospective property in the Republic of Guinea, West Africa. The Guinean permits were acquired to cover extensions which are proving to be world class laterite nickel-cobalt deposits in addition to the massive sulphide potential discovered in adjacent Côte d'Ivoire. Dr. Marc-Antoine Audet, Sama's President and Chief Executive Officer, first identified the potential while working on adjacent permits in Côte d'Ivoire in the 1990s.
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