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Highlights:
Hole GR-26 intersected a total of 188 metres of mineralisation including 80.75 metres grading 0.33% nickel, 0.40% copper and 0.30gpt palladium; including 3.45 metres grading 1.45% nickel, 1.19% copper and 1.16gpt palladium
Hole GR-28 intersected 194 metres of mineralisation including 97.85 metres grading 0.30% nickel and 0.34% copper
“Today’s drill results continue adding exceptionally thick nickel-copper-palladium mineralized intersections to further expand potential at the newly discovered Grata deposit. We look forward to following these results up with pending assays for the remaining fourteen holes drilled in 2022 at Grata.” stated Dr.
Sama’s Ivorian project is comprised of five exploration permits for 850 square kilometers. More than twenty targets were outlined from geophysical surveys, out of which only three zones have been explored (Figure 1).
Assay results for four holes (GR-24 to GR-26 & GR-28) are presented inTable 1. All measurements are core lengths and may not represent true geological widths.Figure 2provides the location of the four holes.
Grata: Latest discovery in the Yacouba Ultramafic-Mafic (“UM”)
In
The discovery hole, GR-03, drilled in
This release discloses results for hole GR-25(Figure 3)which intersected a combined 179.85 m of mineralisation including 37.40 m at 0.24% Ni, 0.45% Cu and 0.54 gpt Pd and 116.95 m at0.23% Ni, 0.23% Cu and 0.32 gpt Pdand hole GR-28 returning 194 m of combined mineralised zones including 97.85 m grading 0.30% Ni, 0.34% Cu and 0.24 gpt Pd. GR-11 drilled in
Figure 4shows a cross-section through holes GR-24 and GR-26 with 69 m and 188 m of combined mineralized zones respectively. Hole GR-26 includes an interval of 80.75 m grading 0.33% Ni, 0.40% Cu and 0.30 gpt Pd.
The mineralisation at Grata is similar in composition to the Samapleu deposit (“Samapleu”) but shows a higher proportion of chalcopyrite. Metallurgical studies are ongoing using Grata and Samapleu material.
Sama’s goal is to increase mineral resources at Samapleu and Grata as well as searching for massive sulphide veins and lenses that could have accumulated at depth in traps and embayments along the feeder system of the
Table 1:Results for GR-24 to GR-26 and GR-28, using a cut-of-grade of 0.1% nickel.
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Figure 1: Samapleu project showing the Samapleu deposits and the Grata prospect (blue circles) together with target areas for detailed exploration (red circles). Conductivity from airborne surveys (2013 & 2018) is shown in the background.
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Figure 2: The Grata prospect is located five kilometres east of the Samapleu deposits. Current and historic drilling are presented together with the four holes reported in the press release.
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Figure 3: Grata prospect, vertical section NW-SEshowing holes GR-25 and GR-28.
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Figure 4: Grata prospect, vertical section NW-SE showing holes GR-24 and GR-26.
QA/QC
Core logging and sampling was performed at Sama’s Samapleu and Yepleu field facilities. Sample preparation was conducted at the
The technical information in this release has been reviewed and approved by Dr.
ABOUT
Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper-palladium project in
Sama’s projects are located approximately 600 km northwest of
Sama owns 70% interest in the
ABOUT IVANHOE ELECTRIC INC.
Ivanhoe Electric (NYSE American: IE, TSX: IE),is an American technology and mineral exploration company that is re-inventing mining for the electrification of everything by combining advanced mineral exploration technologies, renewable energy storage solutions and electric metals projects predominantly located in
FOR FURTHER INFORMATION, PLEASE CONTACT:
Dr.
Tel: (514) 726-4158
OR
Mr.
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
Forward-Looking Statements
Certain of the statements made and information contained herein are "forward-looking statements" or “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements and forward-looking information such as “will”, could”, “expect”, “estimate”, “evidence”, “potential”, “appears”, “seems”, “suggest”, 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 ability of the company to convert resources in reserves, its ability to see through the next phase of development on the project, its ability to produce a pre-feasibility study or a feasibility study regarding the project, its ability to execute on its development plans in terms of metallurgy or exploration, 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 underlyingassumptions 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.
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