NewsLAM EXTENDING SILVERJACK MINERALIZATION
Drilling northeast of high grade intercepts; Property expanded bystaking
MIRAMICHI, NB, Nov. 18 /CNW/ - SLAMExploration Ltd. (TSX-V:SXL)("SLAM") announces visual drilling results extending the mineralizedzone on its Silverjack property in NewBrunswick. The first 7 holes allintersected lead, zinc and/or copper mineralization over core intervalsranging from 0.5 m to 10.0 m at depths ranging from 30 to 70 metres.These holes are stepping northeast of high grade intercepts drilled ina 20 hole program completed last winter.
The most significant new interval is in hole SJ1026 with visiblecopper-lead-zinc mineralization over a 10 m core length at a depth of46 m hosted within altered limestone. This hole is 50 m northeast ofhole SJ0914 which intersected 653 g/t silver, 2.69% copper, 2.00% zincand 2.34% lead over a core interval of 0.75 m within a 6.6 m intervalgrading 268.20 g/t silver, 1.27 % copper, 5.65% zinc and 4.53% lead asannounced by press release 16 February 2010.
SLAM continues drilling 20 meter step-outs to potentially expand thedeposit toward the Knowles vein 100 meters along strike to thenortheast. The Knowles vein comprises high gradesilver-lead-zinc-copper veins discovered in 1956. Records indicate aforty foot shaft was sunk in 1966 to explore the Knowles vein. A 17 tonhand-sorted bulk sample removed in 1975 returned 51.05 oz/ton (1750.3g/t) silver with 14.3% lead and 10.2% copper.
SLAM staked an additional 97 claim units to the northeast to cover 2425hectares of highly prospective folded limestone sequences similar tothose hosting the Silverjack. The expanded property comprises 160wholly owned mineral claims plus 13 claims under option for a total of3715 hectares. This property now stretches within 4 kilometres of theBelledune smelter and seaport. It also is adjacent to SLAM's Nash Creekproperty comprised of 406 mineral claims covering 6,496 hectares.
The Company expects to complete this 3,000 m phase of drilling on orabout 15 December, 2010. To support thedrilling program, the Companyhas been awarded a provincial grant of $35,000under the New BrunswickJunior Mining Assistance Program. Additional information aboutSilverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
Derek F. Brown, P.Geo. and consultant to SLAM, is the Qualified Personresponsible for the technical information contained herein. The lengthstabulated above are measured core intervals in metres. The truethicknesses are unknown. Drill cores were delivered from the drill to asecure site for logging and sampling. Selected drill cores were splitand one half sent to Activation Laboratories. Activation Labs analyzedthe samples using code 8AR for silver, copper, zinc, lead and codeUltratrace 2 for multi-elements. The Company used blank and standardsamples for quality assurance and control.
SLAM is a mineral resource company based in Miramichi, New Brunswick.SLAM continues to be active in gold and base metal exploration inOntario and New Brunswick. Additionalinformation about SLAM and itsprojects is available at www.slamexploration.comor from SEDAR filingsat www.sedar.com.Neither TSX Venture Exchange nor its Regulation Services Provider(asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
Additional information about SLAM can be viewed at https://www.slamexploration.comas well at www.sedar.com.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
This release includes certain statements that may be deemed to be"forward-looking statements" within the meaning of the U.S. PrivateSecurities Litigation Reform Act of 1995. All statements in thisrelease, other than statements of historical fact, that address futureproduction, reserve potential, exploration and development activitiesand events or developments that SLAM expects, are forward-lookingstatements. Although management believes the expectations expressed insuch forward-looking statements are based on reasonable assumptions,such statements are not guarantees of future performance, and actualresults or developments may differ materially from those in the forwardlooking statements. Please see our public filings at www.sedar.comfor further information.
%SEDAR: 00012459E