bonanza grade 1,100 grams per tonne!!! 2016-06-01 13:25 ET - News Release
Mr. Mike Taylor reports
SLAM PLACES ORDER FOR GOLD MINING EQUIPMENT
Slam Exploration Ltd. has placed an order with Mt. Baker Mining and Metals LLC for a turnkey plant to process gold from the Maisie gold deposit on Slam's wholly owned Menneval project in New Brunswick.
The company intends to use this plant to process gold from the Maisie gold deposit under a licence of occupation that authorizes Slam to extract and process samples over a two-year period. In connection with this licence, the New Brunswick Department of Environment and the Department of Energy and Mines have both approved the removal and processing of a 2,000-tonne bulk sample from this high-grade gold deposit. No drilling or blasting is required for this program. No chemicals will be used in the process. The purpose is to develop environmentally and commercially sustainable techniques to extract gold, provide an estimate of the grade of the Maisie deposit, and demonstrate the potential for longer-term mining operations.
The company proposes to extract the sample from known shoots of high-grade mineralization at surface using an excavator. Slam previously announced channel samples ranging from 5.17 grams per tonne gold over one metre up to 49.5 grams per tonne gold over 0.45 metre that were cut during a 2013 trenching program. The initial discovery trench produced a bonanza grade chip sample grading 1,100 grams per tonne gold over 1.1 metres in 2012. Previous diamond drilling results from 60 holes by Slam indicate that the high-grade Maisie deposit shoots extend to a depth of at least 30 metres.
The plant ordered by Slam includes a hammer mill, classifier and shaker tables similar to the plant used to test a sample from the Maisie deposit as described in a news release published by Slam on March 7, 2016. A video of the test plant was created by Mt. Baker and is posted on Slam's website.
About the Menneval project: Slam holds 100-per-cent interest in 12 contiguous claims that cover 5,000 hectares acquired by map staking near Menneval in northwest New Brunswick. The property hosts a number of recent gold discoveries, including the Maisie deposit and zone 9. Click on the Slam website for more detailed information.
Qualifying statements: Mike Taylor, PGeo, president and chief executive officer of Slam Exploration, is the qualified person responsible for the technical information contained herein.
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