MIRAMICHI, NB, Feb. 14 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL US-OTC:SLMXF, "SLAM") is pleased to have received a 4 Star buy recommendation from "STOXLINE
Canada". STOXLINE provides stock technical analysis.
STOXLINE provides several technical indicators showing attainable
targets and suggest a new upward trend may be forming.
This follows a recent buy recommendation by eResearch, which updated
their report and maintain their target on SLAM. You can view the report
at the following link:
EResearch comments on SLAM's recent drilling success at its wholly-owned
Reserve Creek project gold campaign citing a 10.4-metre core interval
grading 7.68 g/t gold and a 16.85-metre interval grading 16.45 g/t gold
from hole RS10-16 adding that these intersections compare to producing
mines in the Uchi mineralization trend.
About Reserve Creek Gold Project:
SLAM's wholly owned Reserve Creek gold project now encompasses 7120
hectares in 34 mineral claims located near Fort Hope, Ontario. Reserve
Creek is part of a large and valuable land package with an expanding
inventory of gold deposits centered around Fort Hope approximately 150
km east of the former gold mining town of Pickle Lake. The large
greenstone belt surrounding Fort Hope has many similarities to the
prolific Red Lake gold mining camp and has potential to be a major gold
producing area. The Red Lake, Pickle Lake and Fort Hope gold areas are
part of the Uchi subprovince, a major system of greenstone belts
extending from Lake Winnipeg to the Hudson Bay lowlands.
The Reserve Creek drilling activities are being conducted in
consultation with Eabametoong First Nation ("EFN") in accordance with a
mutual Exploration Agreement. This Agreement calls for EFN and SLAM to
work cooperatively to advance the gold potential of Reserve Creek and
other projects in the Fort Hope area of Ontario.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and
is currently drilling 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.
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: