Slam Exploration Ltd V.SXL

it does not get better than this

[grandich]

Slam Exploration Ltd



Symbol


SXL




Shares Issued


129,537,185




Close 2010-06-18


C$ 0.105




Recent Sedar Documents



Slam drills three Reserve Creek holes, admires core
2010-06-21 15:17 ET - News Release
Mr. Michael Taylor reports
SLAM DRILLS WILLIAMSON ZONE AT RESERVE CREEK
Slam Exploration Ltd. is releasing drilling results from the first two holes on its wholly owned Reserve Creek project in the Fort Hope area of Ontario. Visible gold occurs in both holes within sulphide-bearing intervals ranging from 10 to 39 feet (three to 11.8 metres) in core length.
Visible gold occurs at a depth of 3.55 m in hole RC10-14. Visible gold also occurs at 10.9 m and 11.2 m within a 10-foot (3.1 m) mineralized core interval containing 10 per cent sulphides (pyrrhotite-pyrite) at a depth of 9.2 m. A second 20-foot (six m) zone starting at 18 m contains 5 per cent sulphide mineralization. The hole stopped at 56.35 m.
Visible gold occurs in the second hole, RC10-15, at 16.9 m within a 19-foot (5.9 m) mineralized core interval containing 10 per cent sulphides starting at a depth of 12.6 m. At 22.2 m, the hole cut a 39-foot (11.8 m) mineralized core interval with 5 per cent sulphides and visible gold at 42.5 m. These mineralized zones occur within a 123-foot (37.4 m) interval of magnetite-bearing tuffs from 12.6 m to 50 m.
The initial drilling phase of the program is now complete with three holes drilled at Reserve Creek. All three holes were drilled from one collar set-up to test the Williamson gold deposit. The first hole intersected the zone near surface. The second hole tested the zone to a depth of 50 m. The third hole was drilled to a depth of 195 metres to test the zone and potential extensions at depth beneath the second hole. This hole, RC10-16, is currently being evaluated and information will be published when available.
The Fort Hope gold area is located east of the historical Pickle Lake gold camp where PC Gold Inc. recently announced successful drilling results (see news in Stockwatch on March 23, 2010). The Fort Hope and Pickle Lake areas are underlain by Uchi subprovince rocks similar to the world-famous Red Lake gold mining camp.
Michael Taylor, PGeo, president and chief executive officer of Slam, is the qualified person responsible for management of the Reserve Creek drilling program and for the technical information contained herein. The mineralized zones described above are drilled core intervals. The true widths are unknown.
The drilling activities have been performed in consultation with Eabametoong First Nation (EFN) in accordance with a recently signed exploration agreement. This agreement calls for EFN and Slam to work co-operatively to advance the gold potential of the Fort Hope area.
We seek Safe Harbor.