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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Bullboard Posts
Comment by jsnfernleyon Sep 11, 2007 11:45am
106 Views
Post# 13373550

RE: Waggy1961 Was Right

RE: Waggy1961 Was RightAs usual, Mallgirl, you see what you want to see. Waggy1961's post was in reference to the newest drill results, not the entire Nash Creek program. The latest results are on the web site, just added, in case you weren't sure. You recently posted that the revised 43-101 report on Nash Creek had pretty colors. I had hoped you were joking. Since you missed it, on page 8 of said report, the company states: "Based largely on this new information SLAM has completed an in-house Resource Estimate following National Instrument 43-101 guidelines for reporting Resource Estimates. Based on the results of the calculation the resources have been divided into resources that may be amenable to open pit mining methods and the pockets of sulphide mineralization with an average grade greater than 4.35% zinc that may be accessible by decline ramp." The last round of drilling results will not improve the resource much. Less than 1/3 of the results grade higher than the company's stated cut off criteria for eligibility in an underground mining plan. Due to the depth of the other lesser grades, they won't be open pitted. If you think this is a raving success, good for you. Waggy1961 thought the news release was fluff. I agreed. You are free to have a different opinion. I generally refute people by sticking to the facts, not referencing things not included in the argument. Your post could be considered fluff if you understood the argument but chose to obfuscate by refencing things not criticized. If you didn't understand, I'll leave that to you to figure out why. Either way, the new zone may be the saviour of this stock. The recent restating of the resource was a step backwards as I have stated before. It inferred that most of the underground resource will not be mined according to the company's stated cut off grade for underground mining. Also, one of the prospective open pit areas around holes NC0101, 9048, and 9049 has high grades near the surface. It could be the start of any mining operation and, being centrally located, could reduce the cost of any adits to access the other >4.35% Zn resources.
Bullboard Posts