Drilling to test historic silver grades ranging up to 1565.14 g/tonne.
MIRAMICHI, NB,
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,
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. SEDAR: 00012459E
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.
%SEDAR: 00012459E
For further information: Corporate Inquiries: Mike Taylor, President & CEO, (506) 627-1353, Toll Free: (866) 523-6719, [email protected]
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