Drilling Planned to Step Out From 16.85 m Core Interval Grading 16.45 g/t Gold
SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") is mobilizing a drill to complete a 2,000 m diamond drilling contract on its wholly owned Reserve Creek project in the Fort Hope area of Ontario. This program will comprise approximately 12 holes designed to test the extent of bonanza grade gold mineralization drilled in June. SLAM reported a 16.85 m core interval grading 16.45 g/t gold with individual samples up to 274 g/t gold over 0.5 metres in hole RS10-16 (news release 17 August 2010).
Drilling is expected to start on or about Tuesday, 30 November. The planned drilling program will be designed to expand the bonanza gold zone laterally by a series of 15 m step-outs. SLAM expects to trace the bonanza zone along the 350 metre strike length of mineralized, gold-bearing iron formation indicated by previous drilling.
Reserve Creek gold mineralization is hosted within iron formations and mafic volcanics similar to the rocks hosting the historic Pickle Crow gold mine near Pickle Lake, Ontario. These volcano-sedimentary sequences are part of the Uchi Subprovince, a huge system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands hosting the world-famous Red Lake gold mining camp as well as the Pickle Lake and Fort Hope gold areas in Ontario.