SLAM DRILLING RESULTS INCREASE SILVER, LEAD & ZINCSLAM DRILLING RESULTS INCREASE SILVER, LEAD & ZINC TONNAGE POTENTIALDiamond Drill Hole Cuts 309 m of Silver, Lead and Zinc Mineralization
TSXV: SXL US-OTC: SLMF
MIRAMICHI, NB, April 5 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL)(US-OTC: SLMXF) ("SLAM") is pleased to report a 145.5 m interval grading16.90 g/t silver and3.9% lead-zinc starting at a depth of 144 m in hole NC11-220 at itswholly owned Nash Creek project in New Brunswick. Individual samplesrange up to 90.00 g/t silver and 15.50% lead-zinc over 1.5 m. These areincluded in a 309 m core interval from 117 m to 426 m grading 12.71 g/tsilver and 2.30% lead-zinc. This broad zone also includes a 17.1 minterval from 252.0 m to 269.1 m grading 21.54 g/t silver and 4.58%lead-zinc beneath the NI43-101 compliant Nash Creek deposit.
The broad zone of silver-lead-zinc mineralization extending well beneaththe Nash Creek deposit is open at depth and along strike and indicatessignificant potential to increase tonnage. The more significant assayresults are summarized in the table below.
The assay results described are from drilled core intervals and may notrepresent true widths.
SLAM is very encouraged by these results. Broad intervals of silver,lead and zinc mineralization beneath the known deposit indicatepotential for a much larger deposit. The Company is planning additionalwork designed to further expand the deposit in 2011.
DMS Testing: Results are pending from Dense Media Separation ("DMS") tests on coresamples submitted to the RPC research facility. These tests maydetermine whether the Nash Creek ores can be upgraded with a DMSprocess prior to milling. Upon production, this process wouldeffectively increase the grade going to mill, thereby reducing energyconsumption and transportation costs as well as extending mine life.
Qualifying Statements: Derek F. Brown, P.Geo., Consultant, is the Qualified Person responsiblefor the technical information contained herein. The Nash programcomprised 1 deep hole for a total of 583 m drilled in January 2011.Drill cores were delivered from the drill to a secure site for loggingand sampling. A total of 261 core samples were split or sawn and sentto Actlabs in Fredericton for preparation and subsequent analysis atActlabs in Ancaster, Ontario. Activation Labs analyzed the samplesusing code 8AR for silver, zinc and lead. Selected samples were alsotested using code Ultratrace 2 for multi-elements. The Company usedblank and standard samples for quality assurance and control.
The Nash Creek Deposit:
According to a NI43-101 Technical Report announced 12 February, 2009,SLAM's 100% owned Nash Creek deposit contains an indicated resource of468M lbs zinc, 95M lbs lead and 4.6M oz silver, plus inferred resourceof 71.0M lbs zinc, 14M lbs lead and 0.7M oz silver. These metals arecontained within a 7.8M tonne indicated resource grading 2.72% zinc,0.55% lead and 18.26 g/t and a 1.2 M tonne inferred resource grading2.66% zinc, 0.52% lead and 18.00 g/t silver.
The property boasts excellent infrastructure with a power-line, railwayand major highway transecting the property. These links provideimmediate access to the Belledune seaport and smelter located within 25km as well as Xstrata's BMS No. 12 mine and mill within 75 km. MapleMinerals Caribou dormant mine/mill complex is approximately 90 km byroad from Nash Creek.