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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
Comment by dz20854on May 22, 2013 1:09pm
101 Views
Post# 21427177

RE: some answers...

RE: some answers...

Appreciate the update, Snobei. Did Mike say what steps are being taken to preserve shareholder value? Presently, the ratio of overhead to market cap is so high that it is hard to see how the company can continue as a separate entity. There are too many managements to be supported by the shriveled Venture market; many will have to go. Some that will survive are in "shareholder preservation" mode, eliminating or deferring most non-mining expenses.

Bullboard Posts