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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 SuneeDazeon Aug 29, 2020 1:38pm
156 Views
Post# 31475347

Up Next?

Up Next?

There’s two other properties (of the 29) that deserve special mention.  

 

They recently re-acquired the Lewis Brook property. In the past Lewis Brook provided intersections of 2.2 m of 1227 g/t silver and 2 m of 346 g/t silver, each also having anomalous zinc and lead values. Again...2.2 m of 1227 g/t silver. There have been a number of silver explorers in Mexico and Nevada (some I hold) that were assigned valuations in excess of $100 million on the basis of a similar hole. Slams market cap? Approximately $5.5 million.  

 

They as well recently re-acquired the Mount Uniacke gold property that contains the past producing Mount Uniacke Gold Mine. Historic workings only reached the 75m level. Through 3 proposed drillholes, Slam intends on testing at depth below the workings a 250 m section of the Uniacke Dome that hosts 4 previous gold producing zones. Though there’s no immediate plans to work the Reserve Creek property in Ontario, it’s worthwhile noting past drill intervals there that include 16.85m of 16.45 g/t gold incl 0.5 m of 274 g/t gold.  

 

Given the prospects of these properties as well as Menneval that is currently being drilled, the potential exists for positive results (and sp appreciation) moving forward.

Have a good afternoon.
 


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