- New assay results confirm that Slam Exploration (TSXV:SXL) intersected 35 m grading 1.36 per cent copper equivalent (CuEq) in GW24-01, the first of three holes recently drilled on its Goodwin project in New Brunswick
- The intersection also yielded a core interval of 1.93 per cent CuEq over 16.20 m, including 6.86 per cent copper over 0.50 m and 3.31 grams per ton of gold over 0.50 m
- Slam Exploration holds a more than 50,000-hectare polymetallic portfolio in New Brunswick
- Slam Exploration stock is flat year-over-year, but has added 100 per cent since 2019
New assay results confirm that Slam Exploration (TSXV:SXL) intersected 35 m grading 1.36 per cent copper equivalent (CuEq) in GW24-01, the first of three holes recently drilled on its Goodwin project in New Brunswick.
The intersection also yielded a core interval of 1.93 per cent CuEq over 16.20 m, including individual assays up to 6.86 per cent copper over 0.50 m and 3.31 grams per ton (g/t) of gold over 0.50 m.
Assays are pending on 98 samples representing 141.4 m of sawn core from hole GW24-02, including 31.80 m of pyrrhotite-chalcopyrite mineralization, as well as 78 samples across 112.5 m of sawn core from GW24-03, including 58 m of 15 per cent pyrrhotite.
Assay results from GW24-01 on the Goodwin project
| From |
To |
Length |
Copper |
Nickel |
Gold |
Cobalt |
Silver |
Copper % |
|
| Metres |
Metres |
Metres |
% |
% |
g/t |
% |
g/t |
Equivalent |
|
| 22.50 |
57.50 |
*35.00 |
0.45 |
0.39 |
0.11 |
0.03 |
4.31 |
1.36 |
|
| 24.80 |
41.00 |
*16.20 |
0.65 |
0.52 |
0.19 |
0.04 |
6.70 |
1.93 |
|
| 24.80 |
25.30 |
**0.50 |
1.31 |
0.85 |
3.31 |
0.06 |
27.30 |
8.35 |
|
| 32.30 |
36.30 |
*4.00 |
1.38 |
1.01 |
0.10 |
0.08 |
8.74 |
3.59 |
|
| 35.80 |
36.30 |
**0.50 |
6.86 |
0.76 |
0.27 |
0.06 |
39.20 |
9.00 |
|
| *Weighted Average |
**Individual sample |
|
|
Copper equivalent calculated based on price on July 26th 2024 on Daily Metal Price. (Source: Slam Exploration)
The recently expanded 4,239-hectare Goodwin project spans 13 claims underlain by the Goodwin Lake gabbro, which is host to multiple drill-tested copper-nickel discoveries. The property resides in the robustly mineralized Bathurst Mining Camp, only 5 kilometres southwest of Trevali Mining’s multi-million-ounce Half Mile copper-zinc-silver deposit.
Today’s results substantiate Goodwin’s historical core interval of 5.7 m grading 1.79 per cent copper and 1.51 per cent nickel – the highest-priority target for the current drilling program – and enhance the billions in market exposure across gold, silver, copper, zinc, lithium, cobalt, nickel and lead an investment in Slam Exploration will get you today.
About Slam Exploration
Slam Exploration holds a more than 50,000-hectare polymetallic portfolio in New Brunswick.
Slam Exploration stock (TSXV:SXL) last traded at C$0.04 per share. The stock is flat year-over-year, but has added 100 per cent since 2019.
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(Top photo of 24.5 m-41 m interval from Slam Exploration’s GW24-02 drill hole on its Goodwin project: Slam Exploration)