AMN - COTE D’IVOIRE: Success at first Typhoon target

The first drill hole of a 2020 campaign aiming at a shallow target defined from HPX TechCo Inc’s proprietary Typhoon™ electromagnetic geophysical survey performed at Sama Resources Samapleu deposit in Cote d'Ivoire intersected 4.6 metres of massive sulphide grading 1.98% nickel, 0.92% copper and 2.54 g/t palladium. This was within a 53-metre intersection grading 0.43% nickel, 0.3% copper and 0.52 g/t palladium.

This hole was drilled 200 metres southwest of the current mineral resources and has, therefore, extended the mineralised trend at the deposit.

A second drill rig is set to test the 700 metre-deep Typhoon target at Samapleu.

The mineralisation encountered in the first hole is characterised by aggregates of the nickel, copper and iron sulphides pentlandite, chalcopyrite and pyrrhotite, respectively.

Pentlandite occurs together with pyrrhotite, while the chalcopyrite is either mixed with the pentlandite and pyrrhotite or occurs as late millimetric to centimetric sulphide veins/accumulations.

The textures of the sulphide mineralisation vary from disseminated to semi-massive and massive.

The 2020 Typhoon program will resume this month. Detailed interpretation of the several Typhoon targets performed at the Yepleu deposit, 25 kilometres southwest of Samapleu, continues as planned.

HPX is a privately-owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimisation, acquisition, processing and interpretation.

HPX has a highly experienced board and management team led by CEO Robert Friedland and president Eric Finlayson, a former head of exploration at Rio Tinto.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa.

On October 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc, a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Côte d’Ivoire nickel-copper and cobalt project.

www.samaresources.com