SLAM Reports Zinc, Lead, Copper And Silver Assays
SLAM Exploring For Zinc In The Bathurst Mining Camp
MIRAMICHI, NB, Sept. 19, 2017 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) ("SLAM" or the "Company") is pleased to announce results from its prospecting and trenching program at Lower 44 and Connector. These zinc projects are part of SLAM's mineral portfolio in the Bathurst Mining Camp ("BMC") of New Brunswick, Canada. The first five samples listed below represent grab samples collected from trenches on the Tribag zone at Lower 44.
| Project |
Sample |
Zinc% |
Lead% |
Copper% |
Silver g/t |
| Lower 44 |
535401 |
0.03 |
0.29 |
0.10 |
15 |
| Lower 44 |
535402 |
2.96 |
2.32 |
0.13 |
121 |
| Lower 44 |
535403 |
12.60 |
7.22 |
0.53 |
107 |
| Lower 44 |
535404 |
5.30 |
1.10 |
0.19 |
22 |
| Lower 44 |
535405 |
1.39 |
8.37 |
0.55 |
88 |
| Connector |
535406 |
10.90 |
6.25 |
0.03 |
88 |
The trenching program accurately located the Tribag zone which was discovered and drilled in 1962. Five grab samples 535401 to 435405 were collected from excavated bedrock material in the trenches. The zinc, lead, copper and silver values are significant because no assay results were published with the 1962 drilling report. All 5 samples derive from a mineralized chert that is consistent with historic records and similar to the West Wedge zone located 700 m to the north. The West Wedge zone was discovered in 1983. The best drilling intercept to date is a 3.8 m core length grading 12.9% zinc, 5.35% lead, 0.78% copper, 70.6 g/tonne silver and 1.37 g/t gold reported from the West Wedge in 1983. Both Tribag and West Wedge represent priority drilling targets on the 3226 hectare Lower 44 project.
Sample 535406 is from a 2 kg boulder found at Connector. The zinc, lead and silver values may be significant because of its location along strike from the former producing Brunswick No. 6 mine. SLAM's Connector property comprises 1350 hectares located between the former producing Brunswick No. 6 and No. 12 mines owned by Glencore. No 6, discovered in October, 1952 was the first major discovery in the Bathurst Mining Camp. The massive Brunswick No 12 deposit was discovered in 1953 and operated continuously from 1964 to 2013. It produced 150 million tonnes of ore grading 8.46% zinc, 3.33% lead, 0.37% copper, and 99 g/t silver. The Company intends to complete additional prospecting and trenching.
QA-QC Procedures: Five grab samples 535401 to 535405 were collected from mineralized bedrock material excavated from trenches at the Lower 44 project. Sample 535406 was a 2 kg boulder found on the Connector property. All 6 samples were tagged and numbered then delivered to a secure worksite where they were examined and packed for shipping. The samples were shipped to AGAT Laboratories of Mississauga, Ontario and analyzed using a Sodium Peroxide Fusion method with ICP-OES/ICP-MS finish. The Company relied on AGAT for QA-QC procedures at the laboratory.
Other BMC Properties: The Company owns 12 projects covering 20,000 hectares of mineral land acquired for volcanogenic massive sulphide potential in the BMC. These include the Lower 44, Connector, North Rim, Satellite and LBM projects and others selected for acquisition based on a database that covers the entire BMC district. The database includes airborne and ground geotechnical surveys as well as previous drilling results compiled from previous exploration workers and government sources. The Company continues with exploration activities to identify drilling targets associated with historic occurrences and intends to focus on the zinc, lead, copper and silver potential of this mineral producing region.
Joint Venture/Earn-In Opportunity: SLAM has a portfolio of zinc-lead-silver properties available for joint venture or earn-in agreements in the Bathurst Mining Camp of New Brunswick. These include the properties described above as well as Costigan and other properties with mineral potential demonstrated by previous drilling results. For additional information, call Mike Taylor 506-623-8960.
About SLAM Exploration Ltd:
SLAM is a project generating resource company that holds an NSR royalty on the Superjack and Nash Creek zinc‐lead‐copper‐silver deposits and owns a portfolio of base metal properties in the Bathurst Mining Camp ("BMC") of New Brunswick. The Company intends to utilize its extensive BMC mineral database to explore and develop properties in this historic region of mineral potential. Other projects include the Menneval gold project and the Reserve Creek and Miminiska gold projects in Ontario. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.
Qualifying Statements: Mike Taylor, P.Geo. President and CEO of SLAM Exploration Ltd., as the Qualified Person, approves the scientific and technical disclosure in the news release.
Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE SLAM Exploration Ltd.
Mike Taylor, President & CEO, Contact: 506-623-8960, [email protected], Eugene Beukman, CFO, Contact: 604-687-2038, [email protected]
Share this article