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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
Post by rockhead1on Jul 02, 2010 9:01pm
423 Views
Post# 17240840

8.7% Copper / 170 gpt Silver

8.7% Copper / 170 gpt SilverI thought today's news was quite positive and continues to add to the allure of the co.  Grab samples up to 8.7% copper and 170 g/t silver from the new Mitchell property, as well as a new copper showing discovered, and at least 10 other silver-zinc-lead-copper showings on Silverjack-Mitchell.  This 2 days after Keezhik assays 22 gpt Au over 1.5 m.

Grab samples provide a good first indication of mineralization before testing at depth with the drills.  Personally I believe they're not to be ignored.

As for the nrs.  All those recently I feel have been valid.  It was the earlier ones (agreement with the natives, getting ready to drill, acquiring more % of property, etc.) that, to me at least, were not significant.  I do believe a lot of times, though, that "dots can be connected" and used to your advantage when investing and beating the herd to a stock before a run up.  I think SXL provides one of those opportunities right now.
Bullboard Posts