Pathway Funds Maintain Significant Portfolio Weight in SLAM
TSX-V: SXL US-OTC: SLMF
MIRAMICHI, NB, Feb. 23 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") reports that MineralFields Pathway Multi Series Fund includes SLAM
Exploration in its top 10 holdings. The resource based fund, with a net
asset value of $112,869,783 (as of Feb 18, 2011), holds a diversified
portfolio of equity securities of attractive Canadian resource
SLAM is encouraged by the continued support of MineralFields and Pathway
Fund. Our Company is in a unique position to enhance shareholder value
with current activities at Reserve Creek, Silverjack and Nash Creek as
gold, silver and base metal prices continue to rise.
About MineralFields and Pathway Asset Management
MineralFields Group (a division of Pathway Asset Management), based in
Toronto, Vancouver and Calgary, is a mining fund with significant
assets under administration. Pathway Asset Management also specializes
in the manufacturing and distribution of structured products and mutual
funds (including the Pathway Multi Series Funds Inc. corporate-class
mutual fund series). Information about MineralFields Group is available
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and
is actively exploring for gold in Ontario and 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.
SLAM is currently drilling on its wholly owned Reserve Creek gold project, which 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.
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