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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 29, 2010 11:06am
609 Views
Post# 16732587

RE: RE: RE: Much More Drilling Than Planned

RE: RE: RE: Much More Drilling Than PlannedWe're just discussing the fundamentals, Perogie.  Fundamentals that include:

SLAM's Market Cap - approx. 12 mil.  remember that as you read the following:

Nash Creek - 10 MT NI43101 compliant, open pit amenable silver-zinc-lead deposit; all infrastructure in place; insitu value of approx. 800 Million which equates to 0.80 per share (10% of insitu value) JUST FOR THIS DEPOSIT

Costigan - also open pit amenable; similar grades and thicknesses to Nash; Mike Taylor has stated that this could be a stand alone deposit or at least feed ore to a mill at Nash Creek

Nepisiguit - last drill hole reported intersection of 11 m of 6% zinc

Silverjack - First hole reported 5.4 m intersection of economic grades of silver, zinc, lead; 19 holes remaining to be reported; zone followed over 1.6 km through trenching program

Reserve Creek gold property - assays as high as 25 g gold per tonne; last program reported all holes with such grades; co. stated that this property could be 1 program away from calculating a resource

Opikeigan gold property - past assays as high as 30 g gold per tonne; contains Fort Hope gold Mine which has historic mini bulk sample grading 8.8 ozs. gold per ton

Keezhik - new zone discovered last year; assays as high as 10g gold per tonne

Several other projects in good standing

Management - well experienced, sincere; all have strong backgrounds in exploration and mine development with such previous cos. as Teck-Cominco and Amax

Other Points of Mention - 52% of stock is held by institutions and insiders; stock has increased over 200% in last month or so on limited news (is some positive development forthcoming?); Administrative Secretary purchasing stock for the first time; increased stock activity over last few months recently drying up which has been viewed as positive (potential breakout coming?); metal prices as high as they've been in some years; 2 MT high grade core (6% zinc) could be mineable on its own, generating revenue for further exploration and development of Nash Creek; lots of chatter about closing of mines, mills and smelter in NB in near future makes Nash attractive to local area;  all properties in Canada which is stable and positive towards mine development

Whew, these are random, I know, but still add to SLAM's appeal for anyone like yourself doing dd.  Again, remember one of my first statements.  That being Slam's market cap of approx. 12 million.  On a comparitive basis, I believe there are few jr. resource cos. that offer such upside while limited downside through the valuation of Nash and sxl's low market cap relative to this.

That's it.  I'm done!
Bullboard Posts