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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 SuneeDazeon Feb 27, 2021 2:10pm
170 Views
Post# 32679433

Portfolio of Bonanza Grade Results

Portfolio of Bonanza Grade ResultsWilliams Brook (26 km gold anomaly) is just the latest quality property in SLAM's portfolio.

Below is a brief summary of some of SLAM’s key projects; a few of the more than 20 properties that they hold.  When reviewing, remember that this company has a market cap currently hovering around $3.5 million…$3.5 million while there are a bevy of explorers out there trading at valuations of $10-$20 million and beyond that have yet to produce any significant gold, silver or base metal values.
 
Menneval – hosts discovery of up to 50 new quartz veins, notably Vein 18 which provided assays up to 3995 g/t gold, 1838 g/t gold (values are correct!); 4 of the veins host values in excess of 50 g/t gold; strongest gold in soil anomaly targets to date (according to co.) have yet to be trenched; untested anomaly is 1800 km in strike length
 
Lewis Brook – SXL reacquired this silver property this summer. Past intersections have assayed up to 2.2m of 1227 g/t silver (over 1 kg of silver) as well as 3.6 m of 347 g/t silver.
 
Patapedia - acquired this property last summer that has produced past, narrow intersections assaying up to 10.5% copper, 143 g/t silver and 1 g/t gold.
 
Mount Uniacke – is a historic gold producer in Nova Scotia. Production only occurred down to 75m in depth. The company reacquired this property early this past summer. They have stated they’d like to drill 4 holes testing gold bearing horizons at depth below old workings.
 
Birch Lake – grab samples were recently reported from prospecting this newly acquired project; values ran to 290 g/t silver and 6.7 g/t gold
 
Reserve Creek – Ontario high grade gold property.  Past intersections include 16.9 m of 16.45 g/t gold incl. values up to 274 g/t gold over 0.5m
 
Nash Creek – SXL holds a 1% NSR on CNX’s 10 MT Nash Creek zinc-silver deposit; CNX discovered new silver zone in holes 7 km apart along a 18 km fault; great potential for large tonnage silver-zinc deposit
 
For a company with a $3.5 million market cap, their portfolio of properties is quite impressive…properties, any of which are capable of producing significant results as a catalyst to a more fair valuation. 
 
Have a great weekend...and check out the new website for a more detailed summary of each project.

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