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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

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Comment by rockhead1on Aug 15, 2010 4:42pm
401 Views
Post# 17352175

RE: Cherry Picking?

RE: Cherry Picking?SLAM undoubtedly has a basket of quality projects.  Results were quite impressive all around, including a new zone discovered at Miminiska Lake.  If there were "disappointing results", theye were at Opikeigan Lake.  Results here were quite respectable and part of a zone that returned over 100g Au/t in the past, but they didn't assay nearly as high as our other projects this time around.  See below.


Reserve Creek: 17 m metre of 16.5 g Au/t (within a 47.5 m of 6.58 g/t)...today's released assay
                               30 m of 5.48 g Au/t (incl. 5.4m of 10 g, 6 m of 7.3 g, 1.4 m of 34 g, 0.3 m of 107 g)

Miminiska Lake:  7.2 m of 9.47 g Au/t gold  (incl. 64.1 grams per tonne gold over 1 m)

Keezhik Lake:  22 g Au/t over 1.5 m


Opikeigan Lake results:

"Hole OG10-01 intersected 2 auriferous intervals with 2.48 g/t gold over 3.17 m (0.072 oz/ton over 10.4 ft.) and 1.9 g/t gold over 1.5 m (0.055 oz/ton over 5 ft). Drill Hole OG10-02 intersected 0.96 g/t gold over 1.8 m ( 0.028 oz/ton over 5.9 ft.) at 210 m.

Drill Hole OG10-04 intersected 2 intervals grading 5.05 g/t gold over 2.3 m (0.147 oz/ton over 7.5 ft) and 1.44 g/t gold over 4.26 m (0.042 oz/ton over 14 ft) respectively. These occur within a broad mineralized zone grading 0.58 g/t gold over 51.3 m starting at 180m. Assays are pending on drill hole OG10-03.

The drilling program tested Zone 12 gold mineralization over a 40 m strike length to the west and east of high grade gold intercepts in hole OL87-46 previously drilled in 1987. Hole 46 intersected mineralized sections of 113.57 g/t gold over 0.1 m and 49.66 g/t gold over 0.2 m reported to contain visible gold within a core interval grading 6.22 g/t gold over 7.00 m.

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