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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

Metals & Mining Industrial Metals & Minerals
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

Slam Exploration Ltd
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Post by grandichon May 15, 2010 9:56pm
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Post# 17103079

news out

news out
Slam Exploration acquires remaining interest in Ontario gold properties
Published Friday May 14th, 2010


The Canadian Press

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MIRAMICHI, N.B. - Slam Exploration Ltd. (TSXV:SXL) shares jumped 20 per cent Friday after the company said it will acquire the remaining 30 per cent interest it doesn't already own in two gold properties.
Shares in the junior exploration company added 1.5 cents to nine cents as more than two million shares traded hands on the TSX Venture Exchange.
The jump followed an announcement by the company that it has signed an agreement with a numbered company to increase its stake in the Miminiska and Keezhik gold properties to 100 per cent.
Slam will pay 500,000 common shares, worth $45,000 at the closing price Friday, plus another 1.5 million warrants for the stake. Slam will also pay a finder's fee of 50,000 shares and 100,000 warrants to the Eabametoong First Nation.
The company said it expects to begin drilling at the property in approximately three weeks.
Slam, based in Miramichi, N.B., owns gold properties in Ontario and silver-copper-lead-zinc properties in New Brunswick.
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