NEW SILVERJACK RESULTSSLAM Drills Additional Silver - New drilling intercepts up to 423 g/t (12.35 oz/ton) silver
MIRAMICHI, NB, Feb. 2 /CNW/ - Slam Exploration Ltd.(TSX-V:SXL) ("SLAM") is pleased to announce results from an additional5 diamond drill holes on its Silverjack deposit in northern New Brunswick. These follow intercepts up 592 g/t silver (17.27 oz/ton) in the first hole reported by press release January 11.All 5 additional holes intersected silver-copper-lead-zinc sulphidemineralization as outlined in the table below. Silver grades range from19.71 g/t (0.58 oz/ton) to 423 g/t silver (12.35 oz/ton).
<<Silver Copper SilverHole From To Length g/t % Zinc % Lead % oz/TSJ09-02 53.00 56.00 3.00 m 73.00 0.30 0.12 0.11 2.13SJ09-03 46.50 51.50 1.70 m 19.71 0.20 2.07 1.68 0.58SJ09-04 46.70 51.35 3.15 m 139.43 0.77 1.70 1.19 4.07SJ09-04 50.00 50.70 0.70 m 423.00 2.24 5.14 3.06 12.35SJ09-05 33.00 36.50 2.40 m 86.85 0.53 1.41 1.39 2.54SJ09-06 44.80 46.20 2.20 m 142.17 0.41 1.39 0.96 4.15>>
Assays are pending on the remaining 14 holes. The20 hole drilling program has traced the Silverjack zone over a strikelength of 130 metres. Trenching indicates sulphide mineralization inaltered and bleached limestone continues southward over a strike-lengthof 1600 metres.
The Silverjack property comprises 3 claimsunder option plus 59 wholly owned mineral claims for a total of 992hectares in the Mitchell area. This property is adjacent to SLAM's Nash Creek zinc-lead-silver deposit (with a 43-101 compliant resource estimate) and 12 kilometres southwest of the Belledune smelter and seaport.
Thelengths tabulated above are measured core intervals. The truethicknesses are unknown. Drill cores were delivered from the drill to asecure site for logging and sampling. Selected drill cores were splitand one half sent to Activation Laboratories. Activation Labsanalyzed the samples using code 8AR for silver, copper, zinc, lead andcode Ultratrace 2 for multi-elements. The Company used blank andstandard samples for quality assurance and control.Michael R. Taylor,P.Geo. President & CEO of SLAM, is the Qualified Person, as definedunder National Instrument 43-101, responsible for management of theSilverjack project and for the results reported in this news release.
"MineralFields Group recently became a major SLAM shareholder by financing $1,175,000 in December," saidMike Taylor,President and CEO. "On behalf of all our shareholders, we are veryencouraged by the Silverjack drilling results and look forward toworking with MineralFields Group in 2010."
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 and has recently reported rare earth minerals at
Nash Creek.