Multiple Gold Veins Drilled. Visible Gold Reported.
MIRAMICHI, New Brunswick, Oct. 13, 2021 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has completed a diamond drilling program at its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick, Canada. A total of 21 holes were drilled for a total program of 1222 m. The first 10 holes were reported September 19, 2021. Since then, SLAM has drilled an additional 503 m in 11 holes numbered BG21-19 to BG21-28.
A total of 10 holes BG21-09-BG21-12 and holes BG21-23 to BG21-28 were drilled to test vein No. 18 where the Company reported visible gold with assay results grading up to 3,955 g/t gold over 0.10 m thick from trench samples as reported by the Company on December 03, 2020. Hole BG21-19 tested part of the vein swarm associated with the No. 22 vein. Holes BG21-20 to BG21-22 tested the No. 2 vein. All 10 of the holes on vein No. 18 intersected quartz veins with visible gold noted in 3 holes.
Logging and sampling are in progress. To date 231 samples sawn from holes BG21-09 to BG21-17 have been submitted to the lab. Core logging and sampling continues on holes BG21-18 to BB21-28. For additional information and maps visit Menneval Gold Project or call Mike Taylor 506-623-8960.
The Menneval Project: The Menneval Gold project is SLAM’s flagship project, the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.