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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

Post by retiredcopon Oct 26, 2020 8:58pm
221 Views
Post# 31786128

Really unusual press release and trading halt

Really unusual press release and trading haltI was kind of caught off guard  this afternoon when I realized the trading on SXL had been halted and then the PR came out. It made sense when I read that the company was presenting its findings at a conference tomorrow. I think in order for them to bring up any of the new findings, they had to release that info to the public which they did today. Almost all the trades that happenend in that short period of time when the halt was lifted were through the Alpha trade platform. These trades can occurr in milliseconds, which normal directed type trades can't accomplish. 
From what I gather in this release, these guys have alot of surface gold present and that has to be a very good indication with what detailed lab data could eventually determine. Looking like this  rather chancy little mining company could turn out pretty lucrative.    
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