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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 mallgirlon Jan 22, 2010 11:46am
371 Views
Post# 16708146

RE: i understand several drill results

RE: i understand several drill resultsThere were 20 holes drilled, and the program is complete from what I understand.  We've received results from the first hole (see below for results and analysis by mooreman).

They are quite encouraging for a number of reasons.  Realizing that it's only one hole, I'm impressed with both the intersection width and the polymetallic assays.  5.4 m is a "mineable width", and what's particularly encouraging is the consistency through that interval.  There are 4 sampled intervals (from 0.6-1.1 m) in that 5.4m that all contained highly anomalous values of silver, copper, lead and zinc, essentially meaning little dilution of wall rock.  This consistentcy is so important but rarely seen.  So often, a co. reports strong assays, but the intersection is artificially "inflated" by taking a minute 10cm or 20 cm bonanza grade and averaging it over several metres of essentially waste rock.  It provides a thick looking intersection that could never be economically mined due to the ridiculous dilution.  

Anyway, from a geologist's perspective, the results are quite enncouraging, albeit as I said earlier, for only one hole.

There's still so much more to come.  Have a good evening
.

                                 Silver  Copper                  Silver
    Hole        From      To  Length     g/t       %  Zinc %  Lead %    oz/T
    SJ09-01     56.1    56.7     0.6   36.00    0.43    0.21    0.21    1.05
    SJ09-01     56.7    57.5     0.8   71.00    1.72    0.14    0.12    2.07
    SJ09-01     59.6    60.4     0.8  592.00    1.95    7.39    5.51   17.27
    SJ09-01     60.4    61.5     1.1  128.00    1.10    5.10    3.21    3.73
    SJ09-01     56.1    61.5    5.40  128.30    0.82    2.18    1.52    3.74
Bullboard Posts