Trenching and drilling planned to test high grade silver-copper-lead-zinc deposit.
MIRAMICHI, NB, Sept. 24 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces it is mobilizing equipment to commence trenching at its Silverjack property on Monday, 27 September. The proposed trenching will test for extensions to the Silverjack deposit where SLAM recently 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 as announced 16 February 2010.
SLAM intends to follow up the trenching with a drilling program on Silverjack and other high priority targets such as the Doyle silver-copper occurrences. Grab samples at the Doyle showing range up to 126 g/t silver and 12.9% copper as reported by press release 09 March 2010. Trenching may generate other high priority targets within SLAM's extensive claim holdings.
The Silverjack property comprises 63 wholly owned mineral claims plus 13 claims under option for a total of 1290 hectares. This property is located 12 kilometres southwest of the Belledune smelter and seaport and adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares. Michael R. Taylor, P.Geo. President and CEO of SLAM Exploration Ltd. is the Qualified Person responsible for the technical information contained herein.
Mike Taylor states, "Silver and gold prices continue to surge upward. SLAM intends to trench and subsequently drill Silverjack in tandem with drilling on the Reserve Creek gold deposit. We expect to generate a steady stream of positive news from these projects."
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.
%SEDAR: 00012459E
For further information: Corporate Inquiries: Mike Taylor, President & CEO, 506.627.1353, Toll Free: 866.523.6719, [email protected]
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