Drilling to test historic silver grades ranging up to 1565.14 g/tonne.
MIRAMICHI, NB, Dec. 7 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") has launched a drilling program to test its high grade silver-copper-lead-zinc Silverjack deposit in northern New Brunswick. The program is designed to test Silverjack west zone discovered by Dome Mines Limited in 1960. As SLAM reported by press release 13 November 2009, Dome drilled intercepts grading up to 1565.14 g/t (45.65 oz/ton) silver, 3.75% copper, 14.97% zinc and 11.01% lead over 0.91 m within an interval that averaged 669.66 g/t (19.42 oz/ton) silver, 3.23% copper, 14.25% zinc and 11.32% lead over 2.8 m. This high grade zone is open along strike and at depth. SLAM plans a 1,000 metre program of 7 to 10 holes designed to test the deposit at the 50 metre level.
A preliminary trenching program to test silver, base metal and REE targets is near completion. Twelve trenches were dug near the west zone and along strike with 32 mineralized samples shipped for silver and base metal assay. The program indicates that the mineralized formations hosting the Silverjack zone extend at least 1600 metres to the southwest with lead-zinc mineralization in similar rock formations.
SLAM also dug a number of test pits near an occurrence of rare earth elements (REE's) previously documented by provincial (NBDNRE) geologists (SLAM press release 05 October 2009). These test pits uncovered altered volcanic breccia similar to that described in NBDNRE files. Twelve samples are being shipped for multi-element analysis.
The Silverjack property comprises 3 Silverjack claims under option plus 57 wholly owned mineral claims for a total of 1023 hectares in the Mitchell area adjacent to SLAM's large Nash Creek property and 12 kilometres southwest of the Belledune smelter and seaport.
Michael R. Taylor, P.Geo. President and CEO of SLAM Exploration Ltd. is the Qualified Person responsible for the technical information contained herein.
SLAM is a mineral resource company based in Miramichi, New Brunswick. SLAM continues to be active in gold and base metal exploration in Ontario and New Brunswick and has recently reported rare earth minerals at Nash Creek. 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.
Additional information about SLAM can be viewed at http://www.slamexploration.com as well at www.sedar.com.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
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: For further information: Corporate Inquiries: Mike Taylor, President & CEO, (506) 627-1353, Toll Free: (866) 523-6719, email@example.com