MONTREAL, April 09, 2019 (GLOBE NEWSWIRE) -- Sama Resources Inc. (TSXV: SME | OTC.PK: SAMMF) (“SME” or the “Company”) reports that SRG Graphite Inc. (“SRG”) has released the results of its 200-tonne (“t”) piloting project at SGS Canada. From the 200t processed, 12.8t of graphite flakes were produced at an average grade of 96.8% total carbon (“Ct”). With this graphite in hand, SRG will be better positioned to secure offtake agreements as it continues its sales efforts with its various clients in North America, Europe, and Asia.
SRG is also pleased to announce that a 3-year research agreement has been signed with McGill University to further develop its graphite processing techniques. Areas of study will include conventional mineral processing technologies and the application of new or existing hydrochemical processes to further purify graphite flakes.
Pilot plant results:
In 2018 SRG extracted 200t of surface mineralised material throughout the Lola Graphite deposit and sent it to SGS Canada for processing. The purpose of this piloting was to produce graphite flakes of various size fractions for business development as well as to validate the metallurgical response of surface mineralised material. Figure 1 provides a map of the pits sampled to collect the 200t of material. Achieved results are summarized below:
- 200t of material were processed at SGS Canada;
- 12.8t of graphite flakes were produced, excluding samples removed for tests;
- Graphite flakes are at an average grade of 96.8% Ct;
- Flake distribution of:
- 13% +48mesh;
- 26% +80mesh;
- 12% +100mesh;
- 49% <100mesh;
- Flotation recovery of 85%.
Figure 1: Well locations for the 200t sampling for the pilot plant
Research agreement with McGill University
Given graphite is a key component of lithium-ion batteries and part of the fast-growing energy metals space, SRG is constantly evaluating how to be ahead of the industry on mineral processing in a sustainable way. By engaging with McGill University on a three-year research agreement, both conventional and new processing routes will be evaluated for further graphite purification.
About Sama Resources Inc.
Sama is a Canadian-based mineral exploration and development company with projects in West Africa. Sama holds a control position in SRG of 24,658,267 shares representing 35.54% of the issued and outstanding shares of SRG and is considered an insider for reporting purposes.
For more information about Sama, please visit Sama’s website at http://www.samaresources.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
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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 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 availability of financing for activities, risks and uncertainties relating to the interpretation of electrochemical characterization, 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 underlying assumptions 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.