Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

2026 Exploration Program Drilling Confirms and Expands Broad, Near-Surface Nickel-Copper Mineralization with By-Product Precious Metals

By The Northwire Desk — AI Analysis Nov 12, 2026 · 07:01 SME · 0.18 Sama Resources Inc.
SME · Price

Sama Resources Inc. (SME) has announced assay results from its 2026 exploration program at the Yepleu Prospect of the Samapleu-Grata Nickel-Copper Project in Côte d'Ivoire. The results support the preparation of an initial mineral resource estimate for the prospect, which is located approximately 25 km south of the deposits evaluated in the company’s 2024 Preliminary Economic Assessment (PEA). The company describes Yepleu as a potential new center for resource growth within the project.

Assay results have been received for 14 of the 26 holes drilled at Yepleu, totaling 2,071 meters. These results highlight broad, shallow nickel-copper mineralization associated with platinum group elements (PGEs) and gold. The remaining 12 holes are pending assay results. Drilling at Yepleu confirmed the continuity of mineralization between widely spaced historical holes and extended mineralization in several directions, with the mineralization remaining open.

The company engaged BBA International Inc. to prepare an initial mineral resource estimate for Yepleu and updated estimates for existing resources. A comprehensive project-wide update is expected in 2027.

Dr. Marc-Antoine Audet, President and CEO, stated, "Our 2026 exploration results reinforce our conviction that Samapleu-Grata represents a much larger mineralized system than the deposits evaluated in our 2024 Preliminary Economic Assessment. At Yepleu, approximately 25 kilometers south of our existing resource area, we are intersecting broad zones of near-surface nickel-copper mineralization with characteristics similar to the Samapleu and Grata Deposits... highlighting the opportunity to expand the Project's global mineral resource base."

He added, "Importantly, we are advancing on two complementary fronts: delineating additional resources that could strengthen the Project's development profile, while systematically evaluating new geophysical targets for further discoveries. With BBA engaged to update the existing resource estimates and prepare an initial estimate for Yepleu, we are moving toward a more comprehensive assessment of the scale and long-term potential of this emerging nickel-copper district."

Intercepts were reported using a 0.10% Ni cut-off grade. Sample preparation was conducted at Bureau Veritas Mineral Laboratory in Abidjan, Côte d'Ivoire, and assaying was performed at Activation Laboratories Ltd in Ontario, Canada. Nickel, copper, cobalt, iron, and sulfur were analyzed via sodium peroxide fusion ICP, while platinum, palladium, and gold were analyzed via Fire Assay ICPOES.

Copper Equivalency (CuEq) and Nickel Equivalency (NiEq) formulas were based on long-term consensus commodity prices as of October 2026. The prices used were Ni $8.41/lb, Cu $4.98/lb, Co $19.87/lb, Pd $1,228/oz, Pt $1,530.00/oz, and Au $3,568/oz. Recoveries used were Ni 60%, Cu 86%, Co 45%, Pd 50%, Pt 54%, and Au 51%, derived from the 2024 PEA. Reported intervals are downhole lengths; true widths are not known at this time.

Highlighted drill intercepts include:

  • S-371: 36.15 m at 1.04% CuEq / 0.88% NiEq from 11.00 m.
    • Including 2.10 m at 2.92% CuEq / 2.48% NiEq from 36.85 m.
  • S-361: 56.60 m at 0.57% CuEq / 0.48% NiEq from 11.15 m.
    • Including 1.45 m at 1.98% CuEq / 1.68% NiEq from 36.40 m.
  • S-369: 39.50 m at 0.54% CuEq / 0.46% NiEq from 15.00 m.
    • Including 3.65 m at 0.95% CuEq / 0.81% NiEq from 15.00 m.
  • S-370: 38.70 m at 0.54% CuEq / 0.46% NiEq from 12.50 m.
    • Including 3.10 m at 1.06% CuEq / 0.90% NiEq from 12.50 m.
    • Including 6.30 m at 0.89% CuEq / 0.75% NiEq from 15.60 m.

Other selected hole results include:

  • S-358: 5.10 m at 1.01% CuEq / 0.86% NiEq from 17.60 m.
  • S-359: 8.85 m at 0.89% CuEq / 0.76% NiEq from 11.30 m.
  • S-362: 20.50 m at 0.68% CuEq / 0.58% NiEq from 23.85 m.
  • S-363: 26.40 m at 0.56% CuEq / 0.48% NiEq from 22.00 m.
  • S-364: 9.00 m at 0.43% CuEq / 0.36% NiEq from 11.70 m.
  • S-365: 8.35 m at 0.42% CuEq / 0.36% NiEq from 3.60 m.
  • S-366: 10.75 m at 0.42% CuEq / 0.35% NiEq from 11.10 m.
  • S-367 & S-368: No significant intercepts.
Read the original news release →

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