News ReleaseI'll repost the release to see if it is better laid out and easier to read..While the grades are not stellar they are
good because they are all very shallow which will add to the 43-101 significantly..
SLAM DELIVERS INITIAL GOLD INTERCEPTS
Diamond Drill Cores Grade Up To 9.6 g/t Gold Over 1.5 m
MIRAMICHI, NB, Jan. 13 /CNW/ - SLAMExploration Ltd. (TSX-V:SXL)("SLAM") SLAM Exploration is pleased to announce that drillingcontinues to expand the known mineralization with significant widthsand grades of gold mineralization in the first 3 of 9 holes recentlydrilled at its wholly owned Reserve Creek gold project in the Fort Hopegold areas of Ontario. All 3 holes intersected significant gold-bearingintervals ranging up to 9.6 g/t gold over 1.5 m. Hole RS10-18 cut a10.3 m core interval grading 3.3 g/t gold at a depth of 29.5 m.Selected assay results are tabulated as follows:
| Hole ID | | From m | | To m | | Length m | | Au oz/t | | Gold g/t |
| RS1017 | | 18.2 | | 19.7 | | 1.5 | | 0.08 | | 2.85 |
| RS1017 | | 18.2 | | 28.7 | | 10.5 | | 0.03 | | 0.99 |
| RS1018 | | 29.5 | | 31 | | 1.5 | | 0.28 | | 9.62 |
| RS1018 | | 35.7 | | 36.3 | | 0.6 | | 0.18 | | 6.23 |
| RS1018 | | 36.8 | | 37.8 | | 1 | | 0.21 | | 7.22 |
| RS1018 | | 29.5 | | 39.8 | | 10.3 | | 0.10 | | 3.31 |
| RS1019 | | 53.3 | | 53.8 | | 0.5 | | 0.20 | | 6.73 |
| RS1019 | | 59.6 | | 60.7 | | 1.1 | | 0.09 | | 3.01 |
| RS1019 | | 61.2 | | 61.8 | | 0.6 | | 0.12 | | 4.07 |
| RS1019 | | 52.8 | | 64 | | 11.2 | | 0.04 | | 1.49 |
| RS1019 | | 71.5 | | 76 | | 4.5 | | 0.03 | | 1.12 |
The core intervals described are drilled intervals. True thicknesses areunknown. Holes RS10-17, 18 and 19 were drilled at angles of 45, 60 and70 degrees from one site 15 m east of hole RS10-16 drilled in June2010. Hole RS10-16 cut a 16.85 m core interval grading 16.45 g/tgoldand contains individual samples of bonanza gold grading up to 274 g/tgold over 0.5 m (news release 17 August 2010).
Assays are pending on an additional 350 samples representing mineralizedintercepts from the remaining 6 holes. Visible gold was noted in 3 ofthese 6 holes including a site of visible gold in hole RS10-21 notedafter core was sawn. Drillers are expected to arrive in Fort Hope onFriday January 14 and to resume drillingby Monday.
All drill cores were delivered from the drill sites to a facility inFort Hope for logging and sampling. Selected cores were split or sawnwith half retained for reference. Sampled halves were shipped toAccurassay in Thunder Bay for gold assay. Standards and blanks wereinserted in the sample batches to augment the Quality Assurance andQuality Control program utilized by the laboratory. Michael R. Taylor,P.Geo. President and CEO of SLAM is the Qualified Person responsiblefor the technical information contained herein.
About Reserve Creek Gold Project:
SLAM's wholly owned Reserve Creek gold project encompasses 4608 hectareblock of 22 claims located near Fort Hope, Ontario. Reserve Creek ispart of a large and valuable land package with an expanding inventoryof gold deposits centered around Fort Hope approximately 150 km east ofthe former gold mining town of Pickle Lake. The large greenstone beltsurrounding the Fort Hope area has many similarities to the prolificRed Lake gold mining camp and has potential to be a major goldproducing area. The Red Lake, Pickle Lake and Fort Hope gold areas arepart of the Uchi subprovince, a major system of greenstone beltsextending from Lake Winnipeg to theHudson Bay lowlands.
Reserve Creek drilling activities are progressing in consultation withEabametoong First Nation ("EFN") in accordance with a recently signedExploration Agreement. This Agreement calls for EFN and SLAM to workcooperatively to advance the gold potential of Reserve Creek and otherSLAM projects in the Fort Hope area of Ontario.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick andis currently drilling for gold in Ontario and forsilver-copper-lead-zinc in New Brunswick.Additional information aboutSLAM and its projects is available at www.slamexploration.com orfrom SEDAR filings at 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.
| On behalf of the Board |
| |
| | | Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E |