Twitter Facebook LinkedIn YouTube

SLAM Exploration plans to begin its diamond drilling program on its Menneval gold project in New Brunswick on September 19, 2022.6 Slam Exploration vid

Video Platform Video Management Video Solutions Video Player

SLAM Exploration (TSXV:SXL) (OTCPink:SLMXF) plans to begin its diamond drilling program on its Menneval gold project in New Brunswick on September 19, 2022. The company intends to drill up to 1,000 metres in approximately 10 holes to test two gold zones discovered during the 2021 exploration program, when a 20-hole drill program intersected multiple gold veins.

Additional Information:

Company: SLAM Exploration
Website: www.slamexploration.com
Stock Symbol: TSXV:SXL
Date Published: Sep 16, 2022
Transcript: Available

Video Transcript:

SLAM Exploration (TSXV:SXL) (OTCPink:SLMXF) plans to begin its diamond drilling program on its Menneval gold project in New Brunswick on September 19, 2022.

The wholly-owned, flagship Menneval gold project, located in northwestern New Brunswick, consists of 351 mineral claim units covering 7,589 hectares.

The company intends to drill up to 1,000 metres in approximately 10 holes to test two gold zones discovered during the 2021 exploration program, when a 20-hole drill program intersected multiple gold veins.

Up to six holes are planned on zone 18, to test for extensions beneath core intervals grading up to 162.5 grams per tonne gold over 0.2 metres and 56.50 g/t gold over 0.51 m associated with visible gold in holes previously reported in December 2020 and January 2021.

The company also previously reported multiple sites of visible gold with assays up to 3,955 g/t gold over 0.10 m thick from trench samples reported in December 2020.

Slam also intends to drill four holes on zone 22, where the company reported drilled core intervals grading up to 5.40 g/t gold over 0.2 m in December 2020.

Each of the zone 22 holes will test multiple quartz veins that are part of a series of gold-bearing veins trending northeasterly over a strike length of 1,400 m.

The zone 22 veins are associated with a soil anomaly ranging from five to 206 parts per billion (0.206 g/t) gold that stretches 2,800 metres eastward from vein No. 18.

The Menneval drilling program will be supported in part by a grant of $30,000 under the New Brunswick Junior Mining Assistance Program (NBJMAP).

In addition, the company has generated cash from the sale of securities received from mineral property option agreements with other companies and has sufficient funds for the work currently in progress.

Slam is a project-generating resource company owns the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Puma Exploration Ltd. gold discovery at Williams Brook on the Millstream Break in Southern New Brunswick.

It also owns the Jake Lee, Mount Victor and Little Mount Pleasant gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in the vicinity of Galway Metal's Clarence stream gold deposit, along with several other properties in New Brunswick.

Slam owns gold projects in Ontario and Nova Scotia and a portfolio of base metal properties in the Bathurst mining camp, subject to an option agreement, along with NSR royalties on the Superjack, Nash Creek and Coulee zinc-lead-copper-silver properties in the Bathurst mining camp.

The shares are trading at $0.025.

For more information, please visit the company’s website at www.SlamExploration.com, contact Mike Taylor, President and CEO, at 506-623-8960 or email mike@SlamExploration.com, or Eugene Beukman CFO, at 604-687-2038, or email EBeukman@PenderGroup.ca.