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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 Solveron Jan 13, 2011 1:40pm
447 Views
Post# 17967131

Luker's moot point! Good point!

Luker's moot point! Good point!

        I can't totally disagree with Luker that visible gold may be a moot point.  However from all previous drillings, it has to this point,  been associated with high mineralization which in turn has the potential for higher values of  Au/Ag/Cu etc.  No argument that 1 speck of gold does not make a gold mine.  My quotes were cut and paste from the company's NRs with absolutely no intention of misleading any one as to 3 or 5 vg showings.

In any case the point I was making is that from the NR it appears that better things are pending, and that the latest drill results though not bonanza grade spectacular show continued upward potential, and that the greater potential values still lie within future lab analysis of the final samples....be that there are 3 or 5 visible gold showings.  And even more so with further drilling soon to start.  I do not see the gold values as being a negative at all but simply an upward step in the progression toward an eventual estimate of reserves.  If gold values were only a trace or  n/d (non discernable) ....then we may have reason for concern!  Somewhere along the way we will have to find the limits of the ore body where gold values disappear, but as long as we are getting more than 1 or 2 grams per ton we are adding value...regardless of visible gold or not!

There is a saying "buy on rumor and sell on news" that I have often heard on BNN and it appears that this is what may have happened today.  I am confident though that change is in the making....but patience is needed....unless one is a firecracker and want things to explode all at once.  But then how much value does a used firecracker have?

Solver
Bullboard Posts