gsfl
12 years ago
SLAM Makes New Gold Discovery
Angular Quartz Boulders Grade Up To 118 g/t Gold On New Project
Miramichi, New Brunswick - SLAM Exploration Ltd. (TSXV: SXL) (OTCBB: SLMF) ("SLAM") is pleased to report a new bonanza gold discovery on its wholly-owned Menneval claims in New Brunswick. The new discovery is 30 km north of the Lavoie gold occurrence where trenching produced grab samples grading up to 493 g/t gold on SLAM’s NW Gold project as reported January 9, 2012.
SLAM has named this new discovery the “Maisie Zone”. It comprises 3 angular boulders of mineralized quartz with grab samples ranging from 5.16 to 118 g/t gold. These boulders are aligned with several other auriferous quartz boulders grading up to 0.367 g/t gold over a distance of 2500 m. Company geologists also found a quartz boulder grading 1.54 g/t gold that appears to represent a separate vein structure located at a distance of 5800 m. Assays are pending on additional prospecting samples.
The Company is very encouraged by this new discovery. SLAM geologists have identified the widespread presence of auriferous quartz boulders in the vicinity of the bonanza grade Maisie Zone boulders. Only preliminary, reconnaissance prospecting has been completed to date. The Company is now following up with more detailed prospecting in preparation for a trenching program.
Detailed prospecting is also in progress on the NW Gold project and is generating a number of new trenching targets in addition to the original Lavoie gold discovery. Both the Menneval and NW Gold projects have demonstrated significant gold potential. The Company will continue the prospecting campaign and expects to follow with trenching to test these sites.
About The Menneval Project: SLAM acquired by map-staking the original claim group based upon air- borne geophysical and topographic features. SLAM acquired additional claims after the Maisie zone discovery and now holds 100% interest in 11 contiguous claims covering 18,840 hectares all acquired by map-staking near Menneval in northwest New Brunswick. In addition to the Maisie zone, the property is host to 3 skarn deposits where exploration programs date back to 1965.
Previous workers have tested the skarn zones with approximately 27 diamond drill holes for a total of 4850 m. Copper was the main target and the most significant intercept was 0.57 % copper over 57.5 feet (17.5 metres) drilled in 1973. Reported higher grade intercepts include 2.20% copper + 1.88 opt (oz per ton) silver over 2.5 ft (0.76m) and 8.86% copper + 4.15 opt silver over 2.0 feet (0.6 m).
Claim Acquisition: The Company signed an agreement with Tim Lavoie to purchase an additional 4 claims covering 692 hectares subject to a 1.5% NSR. SLAM can buy down 0.5% NSR for C$0.5M and has right of first refusal on remaining 1%. These claims are contiguous to SLAM’s wholly owned Menneval Project.
The Company also owns 4 additional claim groups covering 3042 hectares in the Saint Quentin area.
About New Brunswick: New Brunswick is currently rated the world’s most attractive jurisdiction for mineral exploration and development, as announced by the Fraser Institute, February 23, 2012. The Province has demonstrated potential for large mineral deposits and can be expected to generate mining operations well beyond the world-class BMS No. 12 mine operated by Xstrata.
gsfl
12 years ago
Tests Show Recoveries At 96% Zinc, 80% Copper, 75% Lead And 68% Silver
Miramichi, New Brunswick - SLAM Exploration Ltd. (TSXV: SXL) (OTCBB: SLMF) ("SLAM") is pleased to announce results from laboratory flotation tests completed on Nepisiguit A-Zone core samples. The tests were completed by RPC Science & Engineering (“RPC”) of Fredericton, NB and are summarized in a report by RPC titled: “Preliminary Metallurgical Scoping Study - Nepisiguit Drill Core”. The A-Zone is part of SLAM’s wholly-owned Nepisiguit Project where SLAM recently announced a new 3M tonne NI-43-101 compliant inferred resource in New Brunswick.
The RPC tests indicate recoveries of 96% zinc, 80% copper, 75% lead and 68% silver are attainable. The head grade of the test sample was 5.88% zinc, 1.53% lead, 0.43% copper and 52 g/t silver. A total of 9 flotation tests were carried out with a variety of recovery techniques. Results indicate that bulk copper/lead flotation followed by zinc flotation would be the best option for the treatment of the Nepisiguit deposit. This is consistent with other deposits in the Bathurst Mining Camp.
Inferred resources for the A-zone and the C-Zone were estimated by Tetra Tech as reported by SLAM news release on June 5, 2012. The A-Zone is most significant with an Inferred Resource of 2,985,432 tonnes grading 3.13% zinc, 0.81% lead, 0.22% copper and 30.28 g/t silver based on a 1.5% zinc equivalent cut-off. The A-Zone is open at depth and in all directions, located near-surface and thought to be amenable to open-pit mining methods.
Recommendations
RPC recommends further studies to complete the technical feasibility of the Nepisiguit deposit. Tetra Tech has recommended a trenching and drilling program to upgrade and potentially increase the resource. SLAM intends to implement these recommendations and expects to begin an Environmental Impact Assessment process for a potential open pit mining operation.
About Nepisiguit: SLAM’s 100% owned Nepisiguit project comprises 121 claim units covering 2644 hectares located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. The deposit is approximately 30 km from the Caribou mill just purchased and being put into production by Trevali. Additional information about Nepisiguit can be viewed on SLAM’s website at http://www.slamresources.com/projects/new-brunswick/nepisiguit/.
Qualifying Statements: The metallurgical tests were conducted at RPC of Fredericton, New Brunswick. Leo Cheung, P.Eng., Senior Chemical Engineer, is the qualified person responsible for the metallurgical testing and results reported herein. The Nepisiguit Inferred Resource figures are derived from a news release on June 5, 2012 by SLAM. Sara Lloyd, P.Geo. and SLAM Project Manager is the Qualified Person who has reviewed and approved any additional technical and scientific disclosure in this news release.
gsfl
13 years ago
SLAM Welcomes Spring in the Saint Quentin Gold Fields
Exploration Program Underway on New Gold Discovery
MIRAMICHI, NEW BRUNSWICK--(Marketwire - April 5, 2012) - SLAM Exploration Ltd. (TSX VENTURE:SXL) (OTCBB:SLMF) ("SLAM") is pleased to report it has resumed exploration activities at its recently acquired gold discovery located near Saint Quentin, New Brunswick. Local prospector Tim Lavoie discovered gold-bearing quartz veins in the fall of 2011. SLAM acquired the property through an option agreement and followed up with additional prospecting and trenching in December. The trenching reveals a series of quartz veins in bedrock over a strike length of 250 m. These quartz veins locally contain visible gold and grab samples ranging up to 493 g/t gold were reported by SLAM in a press release dated January 9, 2012.
The current prospecting program is designed to further trace this gold-bearing structure along strike using the same techniques that were successfully employed in December. The SLAM team has already identified a control structure and expects to extend the potential strike extent of this system with this program.
About The SAINT QUENTIN Gold Discovery: SLAM has an option to earn 100% interest in the NW Gold Project which comprises 251 units in 20 claims located near Saint Quentin, in northwest New Brunswick. Combined they cover 6275 hectares of highly prospective sedimentary rocks with favourable gold-bearing structures.
About New Brunswick: New Brunswick is currently rated the world's most attractive jurisdiction for mineral exploration and development, as announced by the Fraser Institute, February 23, 2012. The Province has demonstrated potential for large mineral deposits and can be expected to generate mining operations well beyond the world-class BMS No. 12 mine operated by Xstrata.
Qualifying Statements: SLAM Project Manager Sara Lloyd, P.Geo. is the Qualified Person responsible for the technical information contained herein. Grab samples were collected and sent to Actlabs in Ancaster, Ontario for fire assay.
gsfl
13 years ago
Diamond drilling program underway at its wholly owned Goodwin project in northern New Brunswick. The Goodwin project is located 25 km southwest of SLAM's Nepisiguit copper-lead- zinc-silver deposit and 5 km south of the Halfmile lead-zinc-silver deposit currently being developed by Trevali Mining Corporation (TSE: TV) in the prolific Bathurst Mining Camp. The Company expects to complete 3 drill holes for an approximate total of 500 m. The initial hole, GW12-01 has collared into mineralized gabbro, cut a 3 m zone with visible sulphides from 6.0 m to 9.0 m (see photo) and is still in progress.
About Goodwin: SLAM's 100% owned Goodwin project comprises 120 claims covering 2,500 hectares located in the Bathurst Mining Camp of New Brunswick. The Goodwin Project is host to the Bruce copper-nickel deposit discovered by Rio Tinto Canadian Exploration (Rio) in 1955. Rio reported a chip sample grading 0.63% Ni and 0.60% Cu over 26.0 feet from a trench near the discovery and subsequently drilled 14 holes for a total of 2443 feet. The most significant drilling intercept was reported at a grade of 1.05% nickel, 0.36% copper and 0.038% cobalt over a 9.5 foot core interval. No samples were assayed for platinum, palladium, gold or silver. There is no record of drilling since 1955.
SLAM's 2004 MegaTEM aeromagnetic survey covering the entire Bathurst Mining Camp indicates a 900 m X 500 m magnetic anomaly associated with the Bruce deposit. A 2011 Mobile Metallic Ion geochemical survey outlines a nickel anomaly of similar dimensions. The deposit is associated with a layered mafic intrusive body with dimensions approximately 1400 m X 1400 m.
The Goodwin drilling program is consistent with the corporate objective of building assets in the mineral-rich Bathurst Mining Camp. Final results are pending from the 70 hole diamond drilling program completed at SLAM's wholly-owned Nepisiguit deposit at year end.
gsfl
13 years ago
Slam Drills More Copper, Lead, Zink, and Silver
MIRAMICHI, NB, Feb. 1, 2012 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce additional assay results from the recently completed 14,000 m drilling program at its wholly owned Nepisiguit project located 15 km west of the BMS No. 12 Mine operated by Xstrata in northern New Brunswick. Based upon results to date, the Company has requested tenders on a Technical Report to define a NI-43-101 compliant resource including a near-surface component amenable to open-pit mining at Nepisiguit.
Selected results for holes NP11-54 to NP11-68 are summarized in the table below. Assays are pending on an additional 19 holes.
Hole ID From m Length m True Width*m Copper % Zinc % Lead % Silver g/mt
NP11-54 494.12 9.68 8.42 0.41 3.98 1.64 52
Includes 494.12 6.63 5.77 0.42 5.32 2.23 69
NP11-55 32.50 12.67 11.02 0.14 4.17 1.49 30
Includes 37.90 5.78 5.03 0.13 6.69 2.66 47
NP11-57 58.45 3.35 2.91 0.11 4.12 0.54 6
NP11-58 74.80 0.64 0.56 0.18 4.04 0.19 17
NP11-61 321.75 2.75 2.39 0.08 1.71 0.20 6
NP11-63 392.10 1.00 0.87 0.19 2.91 0.43 15
NP11-65 47.75 0.85 0.74 0.07 8.05 0.17 1
NP11-67 78.90 1.70 1.48 1.01 4.29 2.92 116
NP11-67 78.90 7.00 6.09 0.43 3.62 1.11 50
NP11-68 34.00 2.50 2.18 0.24 6.16 1.34 46
*True widths are preliminary estimates based on observed core angles.
Hole NP11-54 was drilled 100 m east of a deep intercept in hole NP11-39 announced by press release December 29, 2011. Holes NP11-55 and NP11-67 were drilled 130 m and 300 m respectively west of hole NP11-16 announced by press release October 27, 2011. Hole NP11-67 is a significant extension to the A-Zone. Holes NP11-61 and NP11-63 tested the B-Zone. The relative locations of these holes can be viewed on SLAM's website at http://www.slamresources.com/projects/new-brunswick/nepisiguit/.
About Nepisiguit: SLAM's 100% owned Nepisiguit project comprises 78 claims covering 1770 hectares located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide deposit discovered in 1956. Previous workers defined 3 zones known as the Nepisiguit A, B and C zones with a series of shallow holes that pre-date NI-43-101 standards. The Nepisiguit drilling program is being funded in part by a $50,000 grant from the New Brunswick Junior Mining Assistance Program.
Qualifying Statements: SLAM Project Geologist, Sara Lloyd, P.Geo. is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. Selected samples were split or sawn and sent to Activation Labs in Ancaster, Ontario for analysis. Activation Labs analyzed the samples using code 8AR for copper, zinc, lead, silver and cobalt and were tested for gold using code 1A2 fire assay. Some samples were also tested using code Ultratrace 2 for multi-elements. The Company used blank and standard samples for quality assurance and control.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and has additional assays pending from a 14,000 m drilling program on its wholly owned Nepisiguit silver-copper-lead-zinc deposit in New Brunswick. The Company owns a significant gold portfolio including the NW Gold project with a new gold discovery in New Brunswick and the Reserve Creek gold deposit in Ontario. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
gsfl
13 years ago
SLAM drills 8.27% zinc over 6.0 m near BMS No. 12 Mine
NEAR-SURFACE MASSIVE SULPHIDES SHOW OPEN PIT MINING POTENTIAL
TSXV: SXL US-OTC: SLMF
MIRAMICHI, NB, Jan. 11, 2012 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce a 6.0 m core interval grading 0.38% copper, 8.27% zinc, 1.98% lead and 79 g/t silver at a depth of 5.0 m in hole NP11-43 at its wholly owned Nepisiguit project located 15 km west of the BMS No. 12 Mine operated by Xstrata in northern New Brunswick. This near-surface interval occurs within a 19.2 m zone of massive sulphides that starts from the drill casing at 3 m. Selected results for holes NP11-43 to NP11-45 are summarized in the table below.
Hole ID From m Length m True Width*m Copper % Zinc % Lead % Silver g/mt
NP11-43 3.00 19.20 16.70 0.44 4.33 1.12 61
Includes 5.00 6.00 5.22 0.38 8.27 1.98 79
NP11-44 10.85 13.55 11.79 0.41 3.16 0.91 44
Includes 14.15 4.35 3.78 0.37 6.01 1.65 75
NP11-45 6.00 10.10 8.79 0.31 4.15 1.09 28
NP11-45 24.70 19.30 16.79 0.42 4.48 1.51 69
Includes 36.00 8.00 6.96 0.51 7:14 2:16 96
*True widths are preliminary estimates based on observed core angles.
These 3 holes were drilled at 15 m spacing on the same section as hole NP11-16 announced by press release October 22, 2011. They are part of a series of
holes designed to outline the grade and tonnage of near-surface mineralization at Nepisiguit. Assays are pending on an additional 40 holes. The primary objective of the program is to drill enough holes to define a NI43-101 compliant resource including a near-surface component amenable to open-pit mining.
About Nepisiguit: SLAM's 100% owned Nepisiguit project comprises 78 claims covering 1770 hectares located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide deposit discovered in 1956. Previous workers defined 3 zones known as the Nepisiguit A, B and C zones with a series of shallow holes that pre-date NI-43-101 standards. The Nepisiguit drilling program is being funded in part by a $50,000 grant from the New Brunswick Junior Mining Assistance Program.
Qualifying Statements: SLAM Project Geologist, Sara Lloyd, P.Geo. is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. The samples were split or sawn and sent to Activation Labs in Ancaster, Ontario for analysis. Activation Labs analyzed the samples using code 8AR for copper, zinc, lead and silver. Selected samples were also tested using code Ultratrace 2 for multi-elements. The Company used blank and standard samples for quality assurance and control.
gsfl
13 years ago
Slam Reports Grab Samples Up To 493 G/T Gold
Assays Confirm Bonanza Gold Veins At New Saint-Quentin Gold Discovery
TSXV: SXL US-OTC: SLMF
MIRAMICHI, NB, Jan. 9, 2012 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to report assay results ranging up to 493 g/t gold from trenching at the recently acquired "Saint-Quentin" gold discovery in northwest New Brunswick. Nine grab samples collected from Vein 7 contain gold ranging from 0.5 g/t to 493 g/t gold. These include 5 bonanza grade samples in the range 244 to 493 g/t gold. Vein 7 was exposed and sampled over a strike length of 10 m. It ranges up to 1.2 m in width and is located approximately 90 m north of the original gold discovery.
In addition, trenching beneath the original discovery uncovered a quartz vein (the "Discovery Vein) with a strike length of approximately 10 m ranging up to 1.5 m in width. Visible gold was reported in a previous press release December 6, 2011. Six grab samples from the Discovery Vein contain gold ranging from 0.11 g/t to 21.6 g/t gold. It should be noted that grab samples are selective by nature and unlikely to represent average grades of the deposits.
TheCompanyalsouncoveredaseriesofquartzveinsintrenches250msouthofVein7. Ninegrabsamplescollectedfromthisareasamplescontainanomalous gold ranging from up 0.60 g/t gold. This suggests an extensive gold-bearing system and the Company is currently trenching to test for additional veining and mineralization in this area.
The Company drilled 4 holes beneath the gold-bearing quartz vein in trench 7. One hole NW11-02 intersected quartz veining with anomalous gold grading 0.04 g/t over 1.6 m. After drilling at St. Quentin, the drill was moved to Nash Creek to test a deep Induced Polarization target.
Mike Taylor, President and CEO states; "Considering that this is a brand new gold discovery, SLAM is very encouraged by these results and intends to exercise the next stage of its option. The trenching is generating spectacular gold grades and has extended the gold-bearing structure over a strike-length of 250 m. We plan to follow up with a program of soil geochemistry, prospecting and trenching designed to further trace this system and identify other gold-bearing structures within the extensive NW Gold property."
About The SAINT QUENTIN Gold Discovery: SLAM has an option to earn 100% interest in the NW Gold Project which comprises 251 units in 20 claims located near Saint Quentin, in northwest New Brunswick. Combined they cover 6275 hectares of highly prospective sedimentary rocks with favourable gold-bearing structures.
Qualifying Statements: Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person responsible for the technical information contained herein. Grab samples were collected and sent to Actlabs in Ancaster, Ontario for fire assay.
gsfl
13 years ago
Slam Cutting Copper-Zinc-Lead-Silver at Depth
50 Holes Drilled on Expanded Program 15 Km from BMS No. 12 Mine
TSXV: SXL US-OTC: SLMF
MIRAMICHI, NB, Dec. 9, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce assay results from an additional 6 diamond drill holes NP11-18 to NP11-23 all drilled on the A-Zone at its wholly owned Nepisiguit project located 15 km west of the BMS No. 12 Mine operated by Xstrata in New Brunswick. Previously announced holes NP11-16 and 17 (press release October 27, 2011) combined with holes NP11-18 to NP111-20 extend the near-surface mineralization to a strike length of 350 m. Holes NP11-21 to 23 tested for deeper mineralization beneath previously drilled intercepts.
Hole NP11-23 intersected 14.6 m of massive sulphide mineralization including 10.99% zinc, 3.16% lead and 52.48 g/t silver over 2.9 m at a depth of 387.6 m. This is below any previous sulphide intercept and suggests significant potential to expand tonnage beyond the A-Zone at Nepisiguit.
Assays are pending on an additional 42 holes. These include 16 holes drilled on a pattern designed to define near-surface massive sulphide mineralization in the A-Zone. The primary objective of the program is to drill enough holes to define a near-surface NI43-101 compliant resource amenable to open-pit mining. After discovery of deeper mineralization in Hole NP11-23, a number of holes were drilled below NP11-23 as well as along strike to test the potential for a large VMS deposit at depth. The deepest intercept to date is an 11m core interval of massive sulphides intersected at a depth of 614m in hole NP11-39. The A-Zone is open at depth below this deep intercept. Results for the 6 holes are tabled as follows:
Hole ID From m Length m True Width*m Copper % Zinc % Lead % Silver g/mt
NP11-18 56.75 2.50 2.33 0.12 2.79 1.42 21.92
NP11-19 78.12 10.88 10.12 0.17 3.04 0.49 12.43
Includes 78.12 4.38 4.07 0.28 5.00 0.74 20.54
NP11-20 28.71 1.19 1.11 0.07 5.42 3.65 147.34
NP11-21 219.40 2.00 1.86 0.35 4.08 0.70 38.45
NP11-22 209.56 1.24 1.15 0.09 5.15 1.20 73.00
NP11-23 387.60 14.63 13.61 0.36 3.34 0.89 25.16
NP11-23 387.60 9.60 8.93 0.40 4.63 1.29 32.21
NP11-23 387.60 5.75 5.35 0.34 6.88 1.94 43.22
NP11-23 387.60 2.90 2.70 0.19 10.99 3.16 52.48
*True widths are preliminary estimates based on observed core angles.
The Company has mobilized a third rig to complete its drilling south flank of the A-Zone. B-Zone sulphide mineralization appears similar to the A-Zone and may be a folded repetition of the same deposit.
About Nepisiguit: SLAM's 100% owned Nepisiguit project now comprises 78 claims covering 1770 hectares with a 6,500 m strike-length of favourable strata located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide deposit discovered in 1956. Previous workers defined 3 zones known as the Nepisiguit A, B and C zones with a series of shallow holes that pre-date NI-43-101 standards. The Nepisiguit drilling program is being funded in part by a $50,000 grant from the New Brunswick Junior Mining Assistance Program.
Qualifying Statements: Derek F. Brown, P.Geo. a consultant to SLAM is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. The samples were split or sawn and sent to Activation Labs in Ancaster, Ontario for analysis. Activation Labs an alyzed the samples using code 8AR for silver, zinc and lead. Selected samples we real so tested using code Ultratrace 2 formulti- elements. The Company used blank and standard samples for quality assurance and control.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and currently has 3 diamond drilling rigs turning on its wholly owned Nepisiguit silver- copper-lead-zincdepositinNewBrunswick. InadditiontotheNWGoldproject,theCompanyhasasignificantgoldportfolioincludingtheReserveCreekgold deposit in Ontario. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board Mike Taylor, P. Geo. President & CEO SLAM Exploration Ltd.
gsfl
13 years ago
Slam Uncovers Gold Bearing Quartz Veins
Trenching Continues To Test Strike Extent of NewSaint-Quentin Gold Discovery
MIRAMICHI, NB, Dec. 6, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to report it has uncovered several quartz veins with visible gold within bedrock in a trenching operation underway at the recently acquired "Saint-Quentin" gold discovery in northwest New Brunswick. The vein in the trench photo contains multiple flecks of gold and is directly beneath the original gold-bearing boulders discovered by Tim Lavoie.
The gold-bearing veins are exposed over a strike length of 250 m. The trenching operation continues to test for additional veins along strike by following boulders found by our prospecting team. Assays are pending on samples of quartz veins and wallrock.
CEO Mike Taylor considers the find "Highly encouraging this early into exploration" and suggested that "this sets the stage for a very aggressive exploration campaign". The discovery of quartz veins with visible gold in bedrock increases the potential for an economical gold deposit at Saint-Quentin.
About The SAINT QUENTIN Gold Discovery: SLAM has an option to earn 100% interest in the NW Gold Project which comprises 251 units in 20 claims located near Saint Quentin, in northwest New Brunswick. Combined they cover 6275 hectares of highly prospective sedimentary rocks with favourable gold-bearing structures.
Qualifying Statements: Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person responsible for the technical information contained herein. Grab samples were collected and sent to Actlabs in Ancaster, Ontario for assay.
gsfl
13 years ago
Slam Acquires New Gold Discovery In New Brunswick
Newly Discovered Quartz Boulders With Visible Gold
MIRAMICHI, NB, Nov. 30, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce the acquisition of an exciting new gold discovery in northwestern New Brunswick. Prospector Tim Lavoie recently made the discovery and subsequently staked a number of claims referred to as the NW Gold Property.
SLAM CEO Mike Taylor along with his technical team evaluated the discovery on a visit to the site in early November. "I've been to the site and have examined several large boulders with sites of visible gold. With very little previous exploration and no drilling that we know of, this project has huge potential. "
The new discovery comprises a cluster of angular quartz boulders ranging from 5 kg to 100 kg in size beside a logging road. Several fine specks of visible gold occur in the boulders. Assays are pending on grab samples collected from the site. After the site visit, the Company negotiated an option agreement with Mr. Lavoie.
The Option Agreement: SLAM made a downpayment of $20,000 to secure an option agreement on the NW Gold Project. An additional $30,000 cash and 100,000 shares are payable after a 30 day period. After completion of the above, the Company can make annual cash and share payments for a total of $550,000 cash and 400,000 shares over 4 years to earn 100% interest on or before November 18, 2015. The vendor retains 3% Net Smelter Return (NSR) subject to $1M buyback on 1% NSR. SLAM to hold Right of First Refusal on remainder of NSR. This option agreement and issuance of shares is subject to approval from the TSX Venture Exchange.
About NW Gold Project: SLAM has an option to earn 100% interest in the NW Gold Project comprises 251 units in 20 claims located near Saint Quentin, New Brunswick. Combined they cover 6275 hectares of favourable sedimentary rocks. A trenching program is to start immediately to determine the extent the new gold discovery.
Qualifying Statements: Sara Lloyd, P.Geo. and Project Geologist for SLAM is the Qualified Person responsible for the technical information contained herein. Grab samples were collected and sent to Actlabs in Ancaster, Ontario for gold analysis.
gsfl
13 years ago
Slam Discovers New Gold Occurrence In New Brunswick
Acquires Adjacent Gold-Antimony Property With 34.4% Antimony
MIRAMICHI, NB, Nov. 14, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce a new gold discovery 12 km west of Xstrata's BMS No. 12 Mine and 10 km north of SLAM's wholly owned Nepisiguit deposit where the Company has 2 diamond drill rigs turning in northern New Brunswick. The gold discovery was uncovered by a recent trenching program on SLAM's wholly owned California property. A grab sample returned 15.3 g/t gold from a carbonate zone with quartz veining. This gold occurrence is open in all directions.
The Company acquired the adjacent Orlo gold-antimony property through an option agreement with prospectors Mert Stewart and Frank Ross. They reported a mineralized boulder occurrence on their Orlo property 500 m north of the new SLAM gold discovery. A grab sample from this boulder assayed 34.4% antimony and 4.220 g/t gold. The boulder is associated with a soil geochemical anomaly. Additional trenching is planned to test this soil anomaly as well as the extent of the new gold discovery.
The Option Agreement: SLAM can earn 100% interest in the Orlo property through payment of $100,000 cash and 300,000 common shares over a 3 year period. This includes a down-payment of $10,000 cash and 50,000 shares payable immediately. The vendors are to retain 2% Net Smelter Return (NSR) with $1M buyback on 1% NSR. This option agreement and issuance of shares is subject to approval from the TSX Venture Exchange.
The Prospectors: Mert Stewart is a famous prospector and a former recipient of the PDAC Prospector of The Year award in recognition of his achievements in Eastern Canada. Frank Ross is a well-known New Brunswick prospector and past President of the New Brunswick Prospectors and Developers Association.
About California Project: SLAM's 100% owned California project comprises 192 claims and the adjacent Orlo gold-antimony property comprises 68 claims. Combined they cover 6500 hectares of favourable volcano-sedimentary rocks located approximately 12 km west of the world-class BMS No. 12 mine operated by Xstrata.
Qualifying Statements: Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person responsible for the technical information contained herein. Grab samples were collected and sent to Actlabs in Ancaster, Ontario for multi-element ICP analysis. Samples that detected gold above 10,000 ppb were then tested by fire assay.
gsfl
13 years ago
Slam announces it has intersected vein and breccia zones with visible copper mineralization in 5 holes drilled on the Silverjack property in Northern New Brunswick. A total of 8 holes numbered SJ11-43 to SJ11-50 were drilled for a total of 1272 m. The most significant intercept was in hole SJ11-50 with a 2.9 m mineralized interval from 172.0 m to 174.9 m. Assays are pending on all 8 holes.
The drilling program was designed to test the strike and depth extent of the Doyle copper-silver zone to follow up a previous hole SJ10-41 that intersected 2.33% copper and 43 g/t silver over a core interval of 1.33 m (press release March 25, 2011).
Upon completion of the Silverjack program, the drill was moved to SLAM's wholly owned Nepisiguit deposit where one drill was already working. Both drills are now testing the strike extent of new mineralization announced October 14, 2011.
About Silverjack: The Silverjack property comprises 207 claims owned 100% by the Company plus 14 claims held under option agreements for a total of 5,525 hectares. The property is 4 km from the Belledune smelter and seaport and 7 km east of SLAM's Nash Creek deposit.
Derek F. Brown, P.Geo. and consultant to SLAM, is the Qualified Person responsible for the technical information contained herein.
gsfl
13 years ago
Slam Extends Massive Sulphide Zone Down-Dip
Expanding Silver-Lead-Zinc-Copper Deposit 15 Km from BMS No. 12 Mine
MIRAMICHI, NB, Oct. 14, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce the deepest intercept to date at its wholly owned Nepisiguit silver-copper-lead-zinc deposit. Hole NP11-23 has intersected a 14.8 m core interval of massive sulphides with visible zinc and copper mineralization from 387.2 m to 402.0 m. This includes a 2.3 m chloritic stringer zone with 10% sulphides from 398.2 m to 400.5 m. Core angles are estimated to average approximately 70 degrees to core axis.
Assays are pending for holes NP11-16 to NP11-22. Logging and sampling of hole NP11-23 are in progress. Bore-hole pulse electromagnetic (BHPEM) survey results are pending for hole NP11-23 to identify potential targets at depth and along strike. Hole NP11-24 is in progress and designed to test the target horizon 100 m west of hole NP11-23 at a depth of 400 m.
SLAM had drilled 15 holes in previous campaigns at Nepisiguit which produced significant intercepts including 91.8 g/t silver, 10.58 % zinc, 2.34% lead and 0.18% copper over 3.75 m. Individual samples range up to 126 g/t silver, 18.04% zinc, 3.05% lead and 0.27% copper over 1.0 m.
Based upon these results, the Company staked 146 claims to cover 3,650 hectares of highly prospective volcano-sedimentary strata located midway between the Nepisiguit property and the BMS No. 12 mine. These are incorporated into the California Lake property. The Company also expanded the Nepisiguit property by staking an additional 12 claims.
About Nepisiguit: SLAM's 100% owned Nepisiguit project now comprises 78 claims covering 1770 hectares with a 6,500 m strike-length of favourable strata located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide deposit discovered in 1956. Previous workers defined 3 near- surface zones known as the Nepisiguit A, B and C zones. The Nepisiguit drilling program is being funded in part by a $50,000 grant from the New Brunswick Junior Mining Assistance Program.
Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person responsible for the technical information contained herein.
gsfl
13 years ago
Slam awards contract on diamond drilling program
Initial 5,000 Metres to Test Silver, Copper Lead and Zinc Deposits
TSX-V: SXL US-OTC: SLMF
MIRAMICHI, NB, Sept. 2, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") announces it has awarded a contract on 5,000 m of diamond drilling at Nash Creek, Silverjack and Nepisiguit projects in New Brunswick. Drilling is expected to start during the first week of September.
The initial drilling target is the Nepisiguit deposit where SLAM drilled 15 holes in previous campaigns. These campaigns produced significant intercepts including 91.8 g/t silver, 10.58 % zinc, 2.34% lead and 0.18% copper over 3.75 m. Individual samples range up to 126 g/t silver, 18.04% zinc, 3.05% lead and 0.27% copper over 1.0 m. Slam expects to drill approximately 1000 m at Nepisiguit then move to the Silverjack-Nash Creek area. An Induced Polarization survey is in progress in preparation for drilling at Nash Creek. This deep-penetrating survey follows the success of hole NC11-220, which included a 145.5 m core interval from 144 m to 289.5 m grading 16.9 g/t silver and 3.9% lead-zinc as reported April 05, 2011.
About Nepisiguit: SLAM's 100% owned Nepisiguit project comprises 66 claims covering 1470 hectares of highly prospective volcano-sedimentary rocks located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide deposits discovered in 1956. Previous workers defined 3 near-surface zones known as the Nepisiguit A, B and C zones. SLAM has drilled the A zone to a depth of 150 m over a strike length of 300 m. This zone is open at depth and along strike to the west. The Nepisiguit drilling program will be funded in part by $50,000 from the New Brunswick Junior Mining Assistance Program.
Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person responsible for the technical information contained herein.
gsfl
14 years ago
SLAM Options Gold Property To Namex
Namex to Expand The Search For Gold At Miminiska
MIRAMICHI, NB, May 9 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC:SLMXF) ("SLAM") and Namex Explorations Inc. (TSXV: NME) (trading status pending) ("Namex") are pleased to announce they have entered into an agreement on SLAM's Miminiska gold project in northwestern Ontario. The property is host to 9 gold occurrences including a 1.0 m core interval grading 64 g/t gold within a 7.2 m interval grading 9.47 g/t gold in hole MM10-01 as reported by SLAM news release 14 July 2010. This recent discovery is open at depth and along strike and flanks the KCR zone where SLAM had previously drilled 5.97 g/t over 2.0 m.
The Miminiska Property:
The property consists of 28 mining claims with a total area of approximately 4,912 Ha situated approximately 110 km east of the mining community of Pickle Lake and 40 km west of the community of Eabamatoong. Gold is associated with pervasive shearing and alteration within greywackes, iron formations, volcanics and porphyry bodies underlying the Miminiska claims. These favourable gold-bearing volcanic and sedimentary rocks are part of the Uchi subprovince which host the prolific Red Lake and Pickle Lake gold mining camps. Namex expects to complete preliminary exploration activities followed by diamond drilling to evaluate and expand these significant gold occurrences. All Miminiska exploration activities will be conducted in consultation with Eabametoong First Nation.
The Agreement:
Under the terms of the agreement, Namex can earn up to a 70% interest in the Miminiska gold property, located near Miminiska Lake in northwestern Ontario. Namex can earn a 50% interest in the property by completing $800,000 in exploration expenditures, granting 2,000,000 common shares to SLAM and paying $140,000 to SLAM over a three-year period. Namex will also pay a finder's fee equal to 10% of the cash and share payments. Namex may earn an additional 20% interest in the property by paying an additional $200,000 plus 1,000,000 shares and expend $1,000,000 in exploration over a subsequent 2 year period. This agreement and issuance of shares is subject to approval from the TSX Venture Exchange.
About Namex Explorations Inc:
Namex is a resource company currently undergoing reorganization to regain trading status on the TSX Venture Exchange. The Company currently holds six mineral claims in Clinton Township, Quebec and is actively seeking to acquire mineral properties of merit. Namex is focusing on Canadian opportunities in the gold sector in line with management's experience and expertise. For additional information, please visit www.namex-explorations.com.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is exploring for gold in Ontario and for silver- copper-lead-zinc in New Brunswick. SLAM has had recent success with strong drilling results at their wholly owned Reserve Creek gold property near Eabametoong, 150 km east of Pickle Lake, including a core interval of 16.45 g/t gold over 16.85 m. Additional information about SLAM and its stable of 18 high potential projects is available at http://www.slamexploration.com or from SEDAR filings at http://www.sedar.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board Mike Taylor, P. Geo. President & CEO SLAM Exploration Ltd.
SEDAR: 00012459E
gsfl
14 years ago
H. M. VISAGIE REPORT POSTS COVERAGE ON SLAM - May Result In Significant Improvement in Economics For The Nash Creek Deposit
TSXV: SXL US-OTC: SLMF
MIRAMICHI, NB, April 28 /CNW/ - SLAM Exploration Ltd. (TSXV:SXL) (US-OTC:SLMXF) ("SLAM") was covered today in the "Daily Report - April 28, 2011" by H. M. Visagie with the following comment: "The ability to upgrade the low grade open pit feed using a DMS plant may result in a significant improvement in the economics for the Nash project. The improvement in economics will depend how the metallurgical response of the upgraded feed in the flotation circuit and the overall impact on capital and operating costs are impacted."
Mr. Visagie's comments follow a SLAM press release reporting successful Dense Media Separation (DMS) test results on 4 core sample from hole NC11-220 at its wholly owned Nash Creek property in New Brunswick with significant upgrades indicated on all samples. Sample 4, from the new zone beneath the NI43-101 deposit was enriched 2.7 times to 2.33% lead, 11.95% zinc and 63 g/t silver. For further information, refer to the press release issued 27 April 2011.
SLAM is very encouraged by the results of this program. The DMS results are very positive. The assay results include broad intervals of silver, lead and zinc mineralization beneath the known deposit indicating potential for a much larger deposit. The Company is planning additional work designed to further expand the deposit in 2011.
About The Nash Creek Deposit:
SLAM's 100% owned Nash Creek deposit contains an indicated resource of 468M lbs zinc, 95M lbs lead and 4.6M oz silver, plus inferred resource of 71.0M lbs zinc, 14M lbs lead and 0.7M oz silver. These metals are contained within a 7.8M tonne indicated resource grading 2.72% zinc, 0.55% lead and 18.26 g/t and a 1.2 M tonne inferred resource grading 2.66% zinc, 0.52% lead and 18.00 g/t silver (NI43-101 Technical Report announced 12 February, 2009).
The property boasts excellent infrastructure with a power-line, railway and major highway transecting the property. These links provide immediate access to the Belledune seaport and smelter located within 25 km as well as Xstrata's BMS No. 12 mine and mill within 75 km. Maple Minerals Caribou dormant mine/mill complex is approximately 90 km by road from Nash Creek.
gsfl
14 years ago
SLAM DRILLS COPPER-SILVER INTERCEPTS AT SILVERJACK
Additional work planned in 2011
MIRAMICHI, NB, March 17 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) ("SLAM") announces results from its recently completed drilling program on its Silverjack property in New Brunswick. The final target was the Doyle copper-silver zone where hole SJ11- 41 intersected a 1.33m interval grading 2.33% copper and 43 g/t silver at a depth of 108.1m. This was flanked by an interval at 64.47m containing 1.0% copper and 13 g/t silver over 0.6m and by an interval at 6.6m containing 1.32% copper and 54 g/t silver over 0.55m.
The Doyle copper-silver zone is hosted within sediments and limestones similar to the high grade Silverjack deposit 1,000m to the east. SLAM previously reported high grade drilling results ranging up to 653 g/t (19.05 oz/ton) silver, 2.69% copper, 11.9% zinc and 9.8% lead (news release 16 February, 2010) at Silverjack.
SLAM drilled 2884m in a 22 hole program begun in the fall of 2010. In addition to hole SJ11-41 beneath the Doyle zone, this program included 14 holes in proximity to the Silverjack deposit. These holes define the near surface Silverjack zone over a strike length of 200m. An additional 7 holes drilled on a variety of geochemical and geophysical targets indicate the widespread presence of copper, silver, lead and/or zinc mineralization to the south and west of Silverjack. The Company plans additional work in 2011 to test for extensions to the Silverjack copper-silver-lead-zinc zone and the Doyle copper-silver zone.
Assays are pending on results from the Reserve Creek gold project where drilling is currently in progress on hole RS11-46. Assays are also pending from a deep hole drilled at the Nash Creek lead-zinc-silver project.
Derek F. Brown, P.Geo., Consultant, is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. Selected drill cores were split or sawn and one half sent to Activation Laboratories. Activation Labs analyzed the samples using code 8AR for silver, copper, zinc, lead and code Ultratrace 2 for multi-elements on selected samples. The Company used blank and standard samples for quality assurance and control.
About Silverjack:
The recently expanded Silverjack property comprises 160 wholly owned mineral claims plus 13 claims under option for a total of 3715 hectares. The property is 4 kilometres from the Belledune smelter and seaport and is adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares. The Company was awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program to support the 2010 drilling program. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is actively exploring for gold in Ontario and silver- copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo. President & CEO SLAM Exploration Ltd. SEDAR: 00012459E
gsfl
14 years ago
DEEP MINERALIZATION INTERSECTED AT NASH CREEK
Mar. 1, 2011 (Canada NewsWire Group) --
Significant New Mineralization In Deep Hole Suggests Potential at Depth
TSX-V: SXL US-OTC: SLMF
MIRAMICHI, NB, March 1 /CNW/ - SLAM Exploration Ltd. (TSX-V: SXL) ("SLAM") reports hole NC11-220 intersected 320m of mineralized core containing up to 20% sulphide mineralization. The 583m drill hole was angle drilled to the west at a dip of 62 degrees. The primary purpose was to recover mineralized core from the Nash Creek deposit to supply rock for Dense Media Separation (DMS) metallurgical testing. The hole was extended 260m beyond the original proposed depth of 320m because sulphide mineralization was intersected in sufficient amounts to warrant extension of the hole.
Assays are pending on 261 samples submitted for copper-lead-zinc-silver assay. The Nash Creek NI43-101 compliant deposit is represented by a 93m interval containing 10 to 20% sulphide mineralization from 145m to 238m and a 35.7m interval with 10 to 15% sulphide mineralization from 241.3m to 277m.
Additional mineralized zones occur below the base of the deposit including a 10m interval from 282m to 292m and a 115m interval from 323m to 438m each containing up to 10% sulphides. A deeper interval from 438m to 538m is variably mineralized with up to 5% sulphides suggesting significant potential for extensions of the Nash Creek deposit at depth.
DMS Testing: Five of the samples representing 25.99m of mineralized core were submitted to the RPC research facility for DMS testing. The DMS process is designed to separate the relatively dense zinc-lead bearing sulphide mineralization from the lighter wall-rock based upon the difference in specific gravity. This test may determine whether the Nash Creek ores can be upgraded prior to milling. Upon production, this process would effectively increase the grade going to mill, thereby reducing energy consumption and transportation costs as well as extending mine life.
Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person responsible for the technical information contained herein. All cores were delivered to a secure facility. Logging and sampling have been completed. Samples have been shipped for assaying and testing with results pending.
About Nash Creek:
SLAM's eastern flagship property boasts excellent infrastructure with a power-line, railway and major highway transecting the property. These links provide immediate access to the Belledune seaport and lead smelter located within 25 km as well as Xstrata's BMS No. 12 mine and mill within 75 km. Maple Minerals Caribou mine/mill complex, although not currently in operation, is approximately 90 km by road from Nash Creek.
Nash Creek's 43-101 compliant resource estimate includes 7.8 M tonnes of indicated resource comprised of zinc, lead and silver.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling for gold at Reserve Creek in Ontario and is actively exploring for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that SLAM expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.
SLAM Exploration Ltd.
Brian Jones, Investor Relations; Toll Free: 855.800.6109
Toronto: 647.729.1436
info@slamexploration.com
gsfl
14 years ago
SLAM EXPLORATION IN TOP 10 HOLDINGS OF RESOURCE FUND
Pathway Funds Maintain Significant Portfolio Weight in SLAM
TSX-V: SXL US-OTC: SLMF
MIRAMICHI, NB, Feb. 23 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") reports that MineralFields Pathway Multi Series Fund includes SLAM Exploration in its top 10 holdings. The resource based fund, with a net asset value of $112,869,783 (as of Feb 18, 2011), holds a diversified portfolio of equity securities of attractive Canadian resource companies.
SLAM is encouraged by the continued support of MineralFields and Pathway Fund. Our Company is in a unique position to enhance shareholder value with current activities at Reserve Creek, Silverjack and Nash Creek as gold, silver and base metal prices continue to rise.
About MineralFields and Pathway Asset Management
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver and Calgary, is a mining fund with significant assets under administration. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is actively exploring for gold in Ontario and silver- copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
SLAM is currently drilling on its wholly owned Reserve Creek gold project, which now encompasses 7120 hectares in 34 mineral claims located near Fort Hope, Ontario. Reserve Creek is part of a large and valuable land package with an expanding inventory of gold deposits centered around Fort Hope approximately 150 km east of the former gold mining town of Pickle Lake. The large greenstone belt surrounding Fort Hope has many similarities to the prolific Red Lake gold mining camp and has potential to be a major gold producing area. The Red Lake, Pickle Lake and Fort Hope gold areas are part of the Uchi subprovince, a major system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board Mike Taylor, P. Geo. President & CEO SLAM Exploration Ltd.
SEDAR: 00012459E
gsfl
14 years ago
SLAM COMPLETES DRILLING AT SILVERJACK
Widespread Copper, Lead, Zinc and Silver Mineralization
MIRAMICHI, NB, Feb. 18 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces it has completed a drilling program on its Silverjack property in New Brunswick with a total of 2884m drilled in 22 holes. After Silverjack the drill was moved to Nash Creek.
The final 2 holes at Silverjack were SJ11-41 and 42 drilled near the Doyle copper-silver occurrence. SJ11-41 intersected 4 zones containing sulphides and copper mineralization over drill core intervals ranging from 0.3 to 1.33m, the latter at a depth of 108.1m. Assays are pending on these copper intercepts. This hole is beneath a trench dug by previous workers. During the 2010 prospecting program, SLAM collected 2 grab samples from rubble beside the trench that assayed 8.67% copper with 171 g/t silver and 4.99 % copper with 150 g/t silver respectively.
A 2500m long aeromagnetic trend is associated with this copper zone. It occurs within sediments and limestones similar to the Silverjack deposit 1,000m to the east where SLAM previously reported high grade drilling results ranging up to 653 g/t (19.05 oz/ton) silver, 2.69% copper, 11.9% zinc and 9.8% lead (news release 16 February, 2010). Both the Doyle and Silverjack zones are historic occurrences acquired through agreements with prospectors.
Holes SJ10-32 to SJ11-38 were drilled to test for potential extensions up to 1600m south of the Silverjack zone. These holes intersected limestones and sediments with local zones of lead-zinc mineralization. The most significant intercepts were in hole SJ11-38 with individual samples ranging up to 12.36% lead-zinc over 0.3m and anomalous intervals up to 0.75% lead-zinc over 18.7m. Holes SJ11-35, 39 and 40 tested a copper occurrence discovered in the 2010 prospecting program. Hole SJ11-35 intersected 5.23% copper, 42 g/t silver and 1330 g/t cobalt over 0.3m.
The significant grades combined with multiple occurrences over a large area suggest the presence of a large scale mineralized system. The Company plans additional trenching and drilling in 2011 to test for extensions to high grade silver, copper, lead and zinc mineralization at both the Silverjack and Doyle occurrences.
Mike Taylor, P.Geo. President & CEO is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. Selected drill cores were split or sawn and one half sent to Activation Laboratories. Activation Labs analyzed the samples using code 8AR for silver, copper, zinc, lead and code Ultratrace 2 for multi-elements on selected samples. The Company used blank and standard samples for quality assurance and control.
About Silverjack:
The recently expanded Silverjack property comprises 160 wholly owned mineral claims plus 13 claims under option for a total of 3715 hectares. The property is 4 kilometres from the Belledune smelter and seaport and is adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares. The Company has been awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program to support this drilling program. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is actively exploring for gold in Ontario and silver- copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
gsfl
14 years ago
STOXLINE provides several technical indicators showing attainable targets and suggest a new upward trend may be forming.
This follows a recent buy recommendation by eResearch, which updated their report and maintain their target on SLAM. You can view the report at the following link:
http://www.eresearch.ca/_report/SXL_020311-B.pdf
EResearch comments on SLAM's recent drilling success at its wholly-owned Reserve Creek project gold campaign citing a 10.4- metre core interval grading 7.68 g/t gold and a 16.85-metre interval grading 16.45 g/t gold from hole RS10-16 adding that these intersections compare to producing mines in the Uchi mineralization trend.
About Reserve Creek Gold Project:
SLAM's wholly owned Reserve Creek gold project now encompasses 7120 hectares in 34 mineral claims located near Fort Hope, Ontario. Reserve Creek is part of a large and valuable land package with an expanding inventory of gold deposits centered around Fort Hope approximately 150 km east of the former gold mining town of Pickle Lake. The large greenstone belt surrounding Fort Hope has many similarities to the prolific Red Lake gold mining camp and has potential to be a major gold producing area. The Red Lake, Pickle Lake and Fort Hope gold areas are part of the Uchi subprovince, a major system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands.
The Reserve Creek drilling activities are being conducted in consultation with Eabametoong First Nation ("EFN") in accordance with a mutual Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of Reserve Creek and other projects in the Fort Hope area of Ontario.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling for gold in Ontario and for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that SLAM expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.
gsfl
14 years ago
SLAM DRILLING MORE INTERCEPTS AT RESERVE CREEK GOLD PROJECT
Stepping West From High Grade Gold Intercepts Ranging Up To 27.43 g/t Gold Over 1m
MIRAMICHI, NB, Feb. 2 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces completion of 9 diamond drill holes since it resumed activity at its wholly owned Reserve Creek gold project in the Fort Hope gold area of Ontario. Assays are pending on 355 samples shipped to the lab from the first 5 holes. The Company drilled 6 holes in the vicinity of hole RS10-25 and 3 holes to test the strike extent of the mineralized zone up to 90m east of hole RS10-16. This hole intersected bonanza grade gold mineralization up to 274 g/t gold over 0.5m within a 16.85 m interval grading 16.45 g/t gold (news release 17 August 2010).
The Company is now drilling hole RS11-35 on a section 15 m west of hole RS10-25 which cut a 10.4 m core interval of grading 7.68 g/t gold (0.22 oz/t) with individual samples ranging up to 27.43 g/t gold over 1.0 m (news release 21 January 2011). Hole RS11-35 is the westernmost hole drilled to date and is designed to extend the zone along strike.
Based upon drilling results in December, the Company staked an additional 157 claim units in 12 claims covering 2512 hectares of property mainly on Eabamet Lake. Airborne geophysical surveys indicate that Reserve Creek geology and structures extend over these claims.
The Company has extended the initial 2,000m drilling contract begun in December to a total of 5,000m. With approximately $5M cash in the treasury the Company expects to expand the drilling program beyond the 5,000 m contract.
The core intervals described are drilled intervals. True thicknesses are unknown. All drill cores were delivered from the drill sites to a facility in Fort Hope for logging and sampling. Selected cores were split or sawn with half retained for reference. Sampled halves were shipped to Accurassay in Thunder Bay for gold assay. Standards and blanks were inserted in the sample batches to augment the Quality Assurance and Quality Control program utilized by the laboratory. Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein.
About Reserve Creek Gold Project:
SLAM's wholly owned Reserve Creek gold project now encompasses 7120 hectares in 34 mineral claims located near Fort Hope, Ontario. Reserve Creek is part of a large and valuable land package with an expanding inventory of gold deposits centered around Fort Hope approximately 150 km east of the former gold mining town of Pickle Lake. The large greenstone belt surrounding Fort Hope has many similarities to the prolific Red Lake gold mining camp and has potential to be a major gold producing area. The Red Lake, Pickle Lake and Fort Hope gold areas are part of the Uchi subprovince, a major system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands.
The Reserve Creek staking and drilling activities have been accomplished in consultation with Eabametoong First Nation ("EFN") in accordance with a mutual Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of Reserve Creek and other SLAM projects in the Fort Hope area of Ontario.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling for gold in Ontario and for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo. President & CEO SLAM Exploration Ltd. SEDAR: 00012459E
gsfl
14 years ago
SLAM DELIVERS INITIAL GOLD INTERCEPTS
Jan. 13, 2011 (Canada NewsWire Group) --
Diamond Drill Cores Grade Up To 9.6 g/t Gold Over 1.5 m
MIRAMICHI, NB, Jan. 13 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") SLAM Exploration is pleased to announce that drilling continues to expand the known mineralization with significant widths and grades of gold mineralization in the first 3 of 9 holes recently drilled at its wholly owned Reserve Creek gold project in the Fort Hope gold areas of Ontario. All 3 holes intersected significant gold-bearing intervals ranging up to 9.6 g/t gold over 1.5 m. Hole RS10-18 cut a 10.3 m core interval grading 3.3 g/t gold at a depth of 29.5 m. Selected assay results are tabulated as follows:
Hole ID From m To m Length m Au oz/t Gold g/t
RS1017 18.2 19.7 1.5 0.08 2.85
RS1017 18.2 28.7 10.5 0.03 0.99
RS1018 29.5 31 1.5 0.28 9.62
RS1018 35.7 36.3 0.6 0.18 6.23
RS1018 36.8 37.8 1 0.21 7.22
RS1018 29.5 39.8 10.3 0.10 3.31
RS1019 53.3 53.8 0.5 0.20 6.73
RS1019 59.6 60.7 1.1 0.09 3.01
RS1019 61.2 61.8 0.6 0.12 4.07
RS1019 52.8 64 11.2 0.04 1.49
RS1019 71.5 76 4.5 0.03 1.12
The core intervals described are drilled intervals. True thicknesses are unknown. Holes RS10-17, 18 and 19 were drilled at angles of 45, 60 and 70 degrees from one site 15 m east of hole RS10-16 drilled in June 2010. Hole RS10-16 cut a 16.85 m core interval grading 16.45 g/t gold and contains individual samples of bonanza gold grading up to 274 g/t gold over 0.5 m (news release 17 August 2010).
Assays are pending on an additional 350 samples representing mineralized intercepts from the remaining 6 holes. Visible gold was noted in 3 of these 6 holes including a site of visible gold in hole RS10-21 noted after core was sawn. Drillers are expected to arrive in Fort Hope on Friday January 14 and to resume drilling by Monday.
All drill cores were delivered from the drill sites to a facility in Fort Hope for logging and sampling. Selected cores were split or sawn with half retained for reference. Sampled halves were shipped to Accurassay in Thunder Bay for gold assay. Standards and blanks were inserted in the sample batches to augment the Quality Assurance and Quality Control program utilized by the laboratory. Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein.
About Reserve Creek Gold Project:
SLAM's wholly owned Reserve Creek gold project encompasses 4608 hectare block of 22 claims located near Fort Hope, Ontario. Reserve Creek is part of a large and valuable land package with an expanding inventory of gold deposits centered around Fort Hope approximately 150 km east of the former gold mining town of Pickle Lake. The large greenstone belt surrounding the Fort Hope area has many similarities to the prolific Red Lake gold mining camp and has potential to be a major gold producing area. The Red Lake, Pickle Lake and Fort Hope gold areas are part of the Uchi subprovince, a major system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands.
Reserve Creek drilling activities are progressing in consultation with Eabametoong First Nation ("EFN") in accordance with a recently signed Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of Reserve Creek and other SLAM projects in the Fort Hope area of Ontario.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling for gold in Ontario and for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
gsfl
14 years ago
/R E P E A T -- SLAM TO RESUME DRILLING FOR GOLD AT RESERVE CREEK/
Jan. 10, 2011 (Canada NewsWire Group) --
Extending Contract To Test Bonanza Gold Zone
MIRAMICHI, NB, Jan. 7 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces it plans to deploy its exploration team to resume drilling operations on its wholly owned Reserve Creek gold project on 15 January 2011. This is a continuation of 9 holes drilled for a total of 1145 m in December. Mineralized zones occur in all 9 holes over core intervals ranging from 3.5 m to 29.85 m. Visible gold occurs in 5 of the holes.
Assays are pending on 555 samples that were submitted for gold assay and representing 525 m of mineralized core from the 9 holes. Initial assay results are expected on or about 11 January 2011. These holes are testing the strike extent up to 230 m from bonanza grade intercepts in hole RS10-16 previously drilled in June 2010. Hole RS10-16 intersected 16.45 g/t gold over a 16.85 m core interval with individual samples grading up to 274 g/t gold over 0.5 m (news release 17 August 2010).
The Company expects to complete the current 2000 m contract program in the next few weeks and plans to extend the program through the winter months of 2011.
Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein. The core intervals described are drilled intervals. True thicknesses are unknown. Reserve Creek drilling activities are progressing in consultation with Eabametoong First Nation ("EFN") in accordance with a recently signed Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of Reserve Creek and other SLAM projects in the Fort Hope area of Ontario.
About SLAM: SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling for gold in Ontario and for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that SLAM expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.
SLAM Exploration Ltd.
Head Office 506.627.1353 Toll Free: 866.523.6719
Brian Jones, Investor Relations
Mike Taylor, President & CEO
gsfl
14 years ago
SLAM EXTENDS HIGH GRADE SILVERJACK ZONE WITH MORE ASSAYS
Diamond Drilling Hits Mineralization Grading Up to 605 g/t Silver Over 1.40 m
MIRAMICHI, NB, Dec. 22 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") is pleased to announce assay results from the first 8 holes of its 3,000 m diamond drilling program at Silverjack. All 8 holes hit significant mineralization with drill core intervals ranging up to 9.60 m grading 230.90 g/t silver, 1.53% copper, 2.89% lead and 2.53% zinc. This broad interval includes individual samples ranging up to 605 g/t silver, 2.42% copper, 3.41% lead and 2.99% zinc. Selected results are outlined in the following table:
DDH From m To m Length m Silver g/t Copper % Zinc % Lead %
SJ10-21 40.95 45.45 4.50 107.66 0.80 0.60 0.52
SJ10-21 42.00 43.00 1.00 245.00 0.59 0.70 0.67
SJ10-22 37.50 39.10 1.60 32.19 0.07 1.52 1.20
SJ10-23 46.30 46.72 0.42 5.00 0.00 1.78 1.48
SJ10-24 54.09 61.00 6.91 111.37 1.09 3.15 2.70
SJ10-25 45.65 46.17 0.52 40.00 0.17 1.09 1.06
SJ10-26 45.50 55.10 9.60 230.90 1.53 2.89 2.53
SJ10-26 48.50 49.90 1.40 605.00 2.42 3.41 2.99
SJ10-27 71.20 72.98 1.78 67.79 0.87 4.74 3.82
SJ10-28 77.50 79.53 1.23 13.72 0.05 2.78 2.26
The lengths tabulated above are measured core intervals in metres. The true thicknesses are unknown. These holes were drilled generally 2 per section on 20 m step-outs and have extended the near-surface, high-grade zone to a strike-length of 110 m. Assays are pending on an additional 10 holes mainly drilled on soil targets extending up to 1600 m along strike from the Silverjack zone. A total of 18 holes were completed prior to a temporary shutdown for the holiday break. The Company expects to complete the remainder of the program in January 2011.
The recently expanded Silverjack property comprises 160 wholly owned mineral claims plus 13 claims under option for a total of 3715 hectares. The property is 4 kilometres from the Belledune smelter and seaport and is adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares. The Company has been awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program to support this drilling program. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
Mike Taylor, P.Geo. President & CEO is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. Selected drill cores were split or sawn and one half sent to Activation Laboratories. Activation Labs analyzed the samples using code 8AR for silver, copper, zinc, lead and code Ultratrace 2 for multi-elements on selected samples. The Company used blank and standard samples for quality assurance and control.
SLAM is a mineral resource company based in Miramichi, New Brunswick. SLAM is currently very active with a drilling program for gold on its Reserve Creek project as well as a drilling program for silver-copper-lead-zinc at Silverjack. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Additional information about SLAM can be viewed at http://www.slamexploration.com as well at www.sedar.com.
gsfl
14 years ago
SLAM HITTING MORE MINERALIZATION AT RESERVE CREEK GOLD DEPOSIT
Consistent Mineralized Zone Intercepted In First 6 Holes
FOR IMMEDIATE RELEASE 15 DECEMBER 2010
Miramichi, New Brunswick - SLAM Exploration Ltd. (TSX-V:SXL) (“SLAM”) announces visible gold in each of its 3 latest diamond drill holes RS10-20 to 22 at its wholly owned Reserve Creek project in the Fort Hope area of Ontario. These visible gold specks occur within mineralized core intervals ranging from 3.5 m to 25.6 m similar to hole RS10-16 drilled in June 2010. This hole intersected bonanza gold mineralization with individual samples up to 274 g/t gold over 0.5 meters within a 16.85 m core interval grading 16.45 g/t gold from hole RS10-16 (news release 17 August 2010).
Hole RS10-20 intersected 3.5 m and 2.8 m core intervals of silicified tuff containing pyrrhotite- pyrite mineralization from 63.5 m to 67.0 m and 75.0 to 77.8 m respectively with a fine speck of visible gold at 65.3 m. RS10-21 intersected similar mineralization over a 25.6 m core interval from 100.4 to 126.0 m with a coarse speck of visible gold at 101.9 m. Hole RS10-22 intersected a 12.5 m mineralized core interval from 38.1 to 50.65 m with a speck of visible gold at 48.45 m.
Holes RS10-20 to 22 were drilled from same set-up at 60 o, 70 o and 45 o to depths of 90 m, 165 m and 70.1 m respectively to define a section 15 m west of bonanza hole RS10-16. After hole RS10-22 the drill moved 200 m west to test section 5045E in the vicinity of an intercept of 7.49 g/t gold over 4.58 m previously drilled in hole RS08-10.
The Company is pleased with the visual results of the first 6 holes and the progress of this drilling program. All 6 holes have cut significant mineralized intercepts with visible gold in 5 of the holes. These mineral intercepts are being sampled and sent for assay. The Company expects to drill an additional 6 to 10 holes to complete the 2,000 m program and to extend the program in 2011.
Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein. The core intervals described are drilled intervals. True thicknesses are unknown. Reserve Creek drilling activities are progressing in consultation with Eabametoong First Nation (“EFN”) in accordance with a recently signed Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of the Fort Hope area.
Luker
14 years ago
Trenching Copper, Silver And Cobalt As Well As Lead-Zinc Mineralization
Dec. 10, 2010 (Canada NewsWire Group) --
http://newsystocks.com/news/3853853
MIRAMICHI, NB, Dec. 10 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces trenching results from its Silverjack property in New Brunswick. A total of 14 trenches were completed for a total of 2600 linear metres. Fifty grab samples were collected from 13 trenches where copper, lead and or zinc mineralization were observed.
Two trenches were dug on copper occurrences. A copper vein newly discovered during the summer by SLAM's exploration team 1000 m south of the Silverjack zone was excavated over a strike length of 80 m. The vein ranges up to 30 cm wide and is open along strike and at depth. Eight grab samples from this trench returned values ranging up to 8.0 % copper, 86 g/t silver, 1480 ppm cobalt, 1.82 ppm indium and 222 ppb gold. The other copper occurrence is near the historic Doyle vein located 1200 m west of the Silverjack zone. Trench number 13 uncovered this vein along strike west of the historic occurrence. Four grab samples over a strike length of 40 metres grade from 0.35% to 2.4% copper and from 12 g/t to 263 g/t silver.
The remaining 11 trenches uncovered 4 separate mineralized horizons ranging from 0.5 to 5 m wide up to 1600 m south of the Silverjack zone. Grab samples from these trenches range from 0.63 to 7.76% zinc and 0.85 to 4.66 % lead with minor values in copper(up to 0.5%) and silver(up to 33 g/t).
These mineralized horizons are associated with altered limestones, conglomerates and sandstones similar to those hosting the Silverjack zone where SLAM previously drilled high grade core intervals ranging up to 653 g/t (19.05 oz/ton) silver, 2.69% copper, 2.00% zinc and 2.34% lead over a 0.75m core interval. This high grade sample occurs within a 6.6 m interval grading 268.20 g/t silver (7.82 oz/ton), 1.27 % copper, 5.65% zinc and 4.53% lead as announced by press release 16 February 2010.
SLAM has completed 2100 m of the 3000 m drilling program. The initial focus was to extend the high grade Silverjack zone with a series of 12 shallow holes testing 4 sections spaced at 20 m intervals. Assays are pending on these holes. Hole SJ10-36, drilled beneath the new copper discovery, intersected a 0.4 m interval of semi-massive sulphide mineralization at a depth of 20 metres. The drill is currently testing a soil anomaly in the vicinity of the lead-zinc bearing horizons identified by trenching 1600 m south of the Silverjack zone. Additional targets include step-outs from hole 36 to further test the new copper occurrence as well as the Doyle copper occurrence.
The recently expanded Silverjack property comprises 160 wholly owned mineral claims plus 13 claims under option for a total of 3715 hectares. The property is 4 kilometres from the Belledune smelter and seaport and is adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares. The trenching and drilling program are being funded in part by a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program.
Michael R. Taylor, P.Geo. President and CEO of SLAM Exploration Ltd. is the Qualified Person responsible for the technical information contained herein. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
SLAM is a mineral resource company based in Miramichi, New Brunswick. SLAM continues to be active in gold and base metal exploration in Ontario and New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Additional information about SLAM can be viewed at http://www.slamexploration.com as well at www.sedar.com.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that SLAM expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.
Corporate Inquiries
Mike Taylor, President & CEO
506.627.1353
Toll Free: 866.523.6719
miketaylor@slamexploration.com
(Source: CNW )
(Source: Quotemedia)
gsfl
14 years ago
SLAM DRILLS MORE INTERCEPTS AT RESERVE CREEK GOLD DEPOSIT
Dec. 9, 2010 (Canada NewsWire Group) --
Mineralized Zone Over Significant Intervals In First Three Holes
MIRAMICHI, NB, Dec. 9 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces visible gold in 2 of the first 3 diamond drill holes in a 2,000 m program at its wholly owned Reserve Creek project in the Fort Hope area of Ontario. All 3 holes RS10-17 to 19 intersected silicified tuffs with pyrrhotite-pyrite mineralization similar to hole RS10-16 drilled in June 2010. SLAM reported bonanza grade gold mineralization with individual samples up to 274 g/t gold over 0.5 meters within a 16.85 m core interval grading 16.45 g/t gold from hole RS10-16 (news release 17 August 2010).
Hole RS10-17 intersected a 14 m core interval of silicified tuff containing pyrrhotite-pyrite mineralization from 21 m to 35 m and specks of visible gold at 31.2 m. RS10-18 intersected similar mineralization over a 34.5 m core interval from 30 to 64.5 m. Hole RS10-19 intersected an 11 m mineralized core interval from 53.0-64.0 m with fine specks visible gold at 53.4 and 53.6 m.
Holes RS10-17 to 19 were drilled from same set-up at 45 o, 60 o and 70 o and to depths of 60.96m, 85.34m and 140.21m respectively to define a section 15 m east of bonanza hole RS10-16. After hole RS10-19 the drill moved to a site 15 m west of hole RS10-16 to drill a similar pattern of 3 holes. The Company will continue to utilize this effective pattern to potentially expand the bonanza gold zone laterally. This is delineation drilling with an ultimate goal of advancing the deposit to NI 43-101 status. To achieve this, the Company is planning additional drilling in 2011 and is building its treasury to over $5M with a financing to close next week.
Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein. The core intervals described are drilled intervals. True thicknesses are unknown. Reserve Creek drilling activities are progressing in consultation with Eabametoong First Nation ("EFN") in accordance with a recently signed Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of the Fort Hope area.
About SLAM: SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling for gold in Ontario and for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
gsfl
14 years ago
SLAM TO CLOSE ADDITIONAL $1.05 M NON-BROKERED FINANCING
Drilling Continues On Reserve Creek Gold Deposit And At Silverjack
/Not for Distribution to U.S. Newswire Services or for Dissemination in the United States/
MIRAMICHI, NB, Dec. 8 /CNW/ - SLAM Exploration Ltd. (TSX-V: SXL) ("SLAM") announces it plans to complete the second tranche of a non-brokered private placement to raise an additional $1,050,000 through the issuance of 5,000,000 flow-through units (FT Units) at a price of $0.21 per FT Unit. Each FT Unit will consist of one flow-through common share and 1/2 common share warrant ("Warrant"). Each full Warrant will entitle the holder to acquire one non-flow-through common share at a price of $0.25 per share for a period of 12 months and at a price of $0.40 for an additional 12 months, expiring 24 months after issuance. The private placement remains subject to final approval of the TSX Venture Exchange.
The Company expects to close this financing on or about 15 December 2010. SLAM will pay a cash finder's fee equal to 5% of the proceeds raised by the MineralFields Group and will issue finders options equal to 7% of the number of FT Units subscribed for by the MineralFields Group. Each finders option is exercisable for non-flow-through units on terms similar to the FT Units.
Proceeds of the private placement will be used to fund drilling and other exploration activities on SLAM's gold, silver and base metal projects in Canada. The Company is currently drilling on both the Reserve Creek gold project and the Silverjack project. In accordance with applicable securities legislation, the FT Units are subject to a "hold period" of four months plus one day from the date of issuance of the FT Units. The financing and issuance of the FT Units are subject to regulatory approval.
"SLAM is encouraged by this continued support from MineralFields Group, especially in view of recent drilling results reported from Reserve Creek and Silverjack", said Mike Taylor, President and CEO, "This will bring our treasury over $5M and fund major drilling programs in 2011."
About MineralFields, Pathway and First Canadian Securities ®
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®.
SLAM is a mineral resource company based in Miramichi, New Brunswick. The Company is very active in gold, silver and base metal exploration in Ontario and New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo. President & CEO SLAM Exploration Ltd. SEDAR: 00012459E
gsfl
14 years ago
SLAM DRILLING MORE GOLD AT RESERVE CREEK - Visual Results Indicate Successful First Hole
Dec. 7, 2010 (Canada NewsWire Group) --
MIRAMICHI, NB, Dec. 7 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces visible gold reported from the first diamond drill hole in a 2,000 m program at its wholly owned Reserve Creek project in the Fort Hope area of Ontario. Hole RS10-17, the first of a planned 12 holes intersected approximately 14 m of mineralized iron formation with quartz stringers from 21 m to 35 m. Specks of visible gold were noted at 31.5 m. This mineralized interval is 15 m east of a 13.41 m core interval grading 3.07 g/t gold in hole RS10-14 drilled in June 2010. SLAM reported bonanza grade gold mineralization with individual samples up to 274 g/t gold over 0.5 meters within a 16.85 m core interval grading 16.45 g/t gold from hole RS10-16 which was drilled beneath RS10-14 (news release 17 August 2010).
After hole RS10-17, the Company steepened the drill from 45 o to 60o for the second hole RS10-18 which places it directly beneath hole RS10-17. This is a similar pattern to previous holes RS10-14, 15 and 16 that produced bonanza grade results in SLAM's successful program of June 2010. The Company will continue with a similar series of holes stepping out laterally to potentially expand the bonanza gold zone along the 350 m strike length of mineralized, gold-bearing iron formation indicated by previous drilling. SLAM expects to complete the 2,000 m drilling program at Reserve Creek by year-end and, with $4M in the treasury, plans additional drilling in 2011.
Reserve Creek gold mineralization is hosted within iron formations and mafic volcanics similar to the rocks hosting the historic Pickle Crow gold mine near Pickle Lake, Ontario. These volcano-sedimentary sequences are part of the Uchi Subprovince, a huge system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands hosting the world-famous Red Lake gold mining camp as well as the Pickle Lake and Fort Hope gold areas in Ontario.
Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein. The core intervals described are drilled intervals. True thicknesses are unknown. Reserve Creek drilling activities will be done in consultation with Eabametoong First Nation ("EFN") in accordance with a recently signed Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of the Fort Hope area.
About SLAM: SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling for gold in Ontario and for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
gsfl
14 years ago
SLAM DRILLING WIDESPREAD SILVERJACK MINERALIZATION
Dec. 3, 2010 (Canada NewsWire Group) --
Now drilling new copper showing 1000 m south of Silverjack
MIRAMICHI, NB, Dec. 3 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces it has drilled 14 holes to date for a total of 1620 m on its Silverjack property in New Brunswick. Thirteen of the holes intersected visible lead, zinc and/or copper mineralization over core intervals ranging from 0.3 m to 10.0 m at depths ranging from 30 to 90 metres. Assays are pending on 190 samples representing 170 m of mineralized core.
The most significant hole is SJ10-27 with visible copper-lead-zinc mineralization over a 10 m core length at a depth of 60 m hosted within altered limestone. This hole is 70 m northeast of hole SJ09-14 which intersected 653 g/t silver, 2.69% copper, 2.00% zinc and 2.34% lead over a core interval of 0.75 m within a 6.6 m interval grading 268.20 g/t silver, 1.27 % copper, 5.65% zinc and 4.53% lead as announced by press release 16 February 2010.
The drilling program has traced the mineralization 400 m northeast of the Silverjack zone with a lead-zinc bearing core interval of 4 m in hole SJ10-33. This hole is 200 m northeast of the 200 m northeast of the Knowles vein. Hole SJ10-34 drilled beneath the Knowles vein intersected a sequence of altered sediments similar to those hosting the Silverjack zone.
The drill is now testing a copper showing 1000 m south of the Silverjack zone in the same sequence of altered limestone and conglomerate. This new copper vein was discovered during the summer by SLAM's exploration team and excavated over a strike length of 80 m by trench TR10-03. Grab samples from the trench range up to 8.0 % copper, 86 g/t silver, 1480 ppm cobalt, 1.82 ppm indium and 222 ppb gold as reported by press release 28 October 2010.
The Company expects to complete this 3,000 m phase of drilling on or about 15 December, 2010. To support the drilling program, the Company has been awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
The recently expanded Silverjack property comprises 160 wholly owned mineral claims plus 13 claims under option for a total of 3715 hectares. The property is 4 kilometres from the Belledune smelter and seaport and is adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares.
Derek F. Brown, P.Geo. and consultant to SLAM, is the Qualified Person responsible for the technical information contained herein. The lengths tabulated above are measured core intervals in metres. The true thicknesses are unknown. Drill cores were delivered from the drill to a secure site for logging and sampling. Selected drill cores were split and one half sent to Activation Laboratories. Activation Labs analyzed the samples using code 8AR for silver, copper, zinc, lead and code Ultratrace 2 for multi-elements. The Company used blank and standard samples for quality assurance and control.
SLAM is a mineral resource company based in Miramichi, New Brunswick. SLAM continues to be active in gold and base metal exploration in Ontario and New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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