Initial 5,000 Metres to Test Silver, Copper Lead and Zinc Deposits
TSX-V: SXL US-OTC: SLMF
MIRAMICHI, NB, Sept. 2, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") announces it has awarded a contract on 5,000 m of diamond drilling at
Nash Creek, Silverjack and Nepisiguit projects in New Brunswick.
Drilling is expected to start during the first week of September.
The initial drilling target is the Nepisiguit deposit where SLAM drilled
15 holes in previous campaigns. These campaigns produced significant
intercepts including 91.8 g/t silver, 10.58 % zinc, 2.34% lead and
0.18% copper over 3.75 m. Individual samples range up to 126 g/t
silver, 18.04% zinc, 3.05% lead and 0.27% copper over 1.0 m. Slam
expects to drill approximately 1000 m at Nepisiguit then move to the
Silverjack-Nash Creek area. An Induced Polarization survey is in
progress in preparation for drilling at Nash Creek. This
deep-penetrating survey follows the success of hole NC11-220, which
included a 145.5 m core interval from 144 m to 289.5 m grading 16.9 g/t
silver and 3.9% lead-zinc as reported April 05, 2011.
About Nepisiguit: SLAM's 100% owned Nepisiguit project comprises 66 claims covering 1470
hectares of highly prospective volcano-sedimentary rocks located on
highway 430 approximately 15 km southwest of the world-class BMS No. 12
mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide
deposits discovered in 1956. Previous workers defined 3 near-surface
zones known as the Nepisiguit A, B and C zones. SLAM has drilled the A
zone to a depth of 150 m over a strike length of 300 m. This zone is
open at depth and along strike to the west. The Nepisiguit drilling
program will be funded in part by $50,000 from the New Brunswick Junior
Mining Assistance Program.
Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person
responsible for the technical information contained herein.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and
is currently drilling for gold at Reserve Creek in Ontario and is
actively exploring 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