Nash Creek Drilling Results Highlighted in eResearch Perspective Report
TSXV: SXL US-OTC: SLMF
MIRAMICHI, NB, April 8 /CNW/ - SLAM Exploration Ltd. (TSXV:SXL) (US-OTC: SLMF) ("SLAM") is encouraged by the latest eResearch report based upon "encouraging results from Nash Creek... spark renewed investor
interest." The report further states that "Results…support the view that Nash Creek has the potential to be a much larger
deposit than the 9 million tonnes of Indicated and Inferred Resource
reported in the NI 43-101".
The value of Nash Creek may be further enhanced by results pending from
Dense Media Separation ("DMS") tests on core samples from the
successful drilling program at Nash Creek. In addition assay results
are pending from the winter drilling program on the Reserve Creek gold
project. These are the most advanced in a portfolio of 18 gold, silver
and base metal properties held by SLAM in Canada. With this valuable
portfolio and a strong cash position, SLAM is uniquely situated to
enhance shareholder value as gold, silver, and base metal prices surge
To view the report click eResearch SLAM Update or paste the following link in your browser: http://www.eresearch.ca/_report/SXL_040611-B.pdf .
About The Nash Creek Deposit:
According to a NI43-101 Technical Report announced 12 February, 2009,
SLAM's 100% owned Nash Creek deposit contains an indicated resource of
468M lbs zinc, 95M lbs lead and 4.6M oz silver, plus inferred resource
of 71.0M lbs zinc, 14M lbs lead and 0.7M oz silver. These metals are
contained within a 7.8M tonne indicated resource with recoverable
grades at 2.72% zinc, 0.55% lead and 18.26 g/t and a 1.2 M tonne
inferred resource grading 2.66% zinc, 0.52% lead and 18.00 g/t silver.
The property boasts excellent infrastructure with a power-line, railway
and major highway transecting the property. These links provide
immediate access to the Belledune seaport and smelter located within 25
km as well as Xstrata's BMS No. 12 mine and mill within 75 km. Maple
Minerals Caribou dormant mine/mill complex is approximately 90 km by
road from Nash Creek.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and
is exploring for gold in Ontario and for silver-copper-lead-zinc in New
Brunswick. Additional information about SLAM and its projects is
available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical fact, that address future
production, reserve potential, exploration and development activities
and events or developments that SLAM expects, are forward-looking
statements. Although management believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, and actual
results or developments may differ materially from those in the forward
looking statements. Please see our public filings at www.sedar.com for further information.
SOURCE SLAM EXPLORATION LTD.
For further information:
SLAM Exploration Ltd.
Brian Jones, Investor Relations; Toll Free: 855.800.6109