Mineralized Intercepts Extend 1600 m Along Strike
MIRAMICHI, NB, Dec. 17 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL)
("SLAM") announces it has completed 18 holes to date for a total of
2400 m on its diamond drilling program at Silverjack in New Brunswick.
Seventeen of the holes intersected visible lead, zinc and/or copper
mineralization over core intervals ranging from 0.3 m to 17.5 m at
depths ranging from 8 to 150 metres. The Company anticipates receiving
assays on the initial holes within the next few days.
The latest hole SJ10-38 intersected visible lead-zinc mineralization
over a 16.5 m core length from 8.5 m to 25 m beneath a trench 1000 m
southwest of Silverjack. Other recent intercepts in this area include a
0.4 m interval of semi-massive sulphides with visible copper-lead-zinc
mineralization in hole SJ10-35 at a depth of 20 m beneath a new copper
discovery. Trenching this copper vein produced grab samples ranging up
to 8.0 % copper, 86 g/t silver, 1480 ppm cobalt, 1.82 ppm indium and
222 ppb gold as reported by press release 28 October 2010. To extend
the mineralization even further, hole SJ10-36 intersected lead-zinc
mineralization over a core length of 5 m at a depth of 150 m beneath a
soil anomaly 1600 m southwest of Silverjack. The Company is logging and
sampling these latest holes.
This 3,000 m program is a follow-up to a drilling program completed
early in 2010 by SLAM. Highlights of that program include hole SJ09-14
which intersected 653 g/t silver, 2.69% copper, 2.00% zinc and 2.34%
lead over a core interval of 0.75 m within a 6.6 m interval grading
268.20 g/t silver, 1.27 % copper, 5.65% zinc and 4.53% lead as
announced by press release 16 February 2010. The Company expects to
complete the remainder of the program in January 2011. The Company has
been awarded a provincial grant of $35,000 under the New Brunswick
Junior Mining Assistance Program to support this drilling program.
The recently expanded Silverjack property comprises 160 wholly owned
mineral claims plus 13 claims under option for a total of 3715
hectares. The property is 4 kilometres from the Belledune smelter and
seaport and is adjacent to SLAM's Nash Creek property comprised of 406
mineral claims covering 6,496 hectares. Additional information about
Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
Derek F. Brown, P.Geo. and consultant to SLAM, is the Qualified Person
responsible for the technical information contained herein. The lengths
tabulated above are measured core intervals in metres. The true
thicknesses are unknown. Drill cores were delivered from the drill to a
secure site for logging and sampling. Selected drill cores were split
and one half sent to Activation Laboratories. Activation Labs analyzed
the samples using code 8AR for silver, copper, zinc, lead and code
Ultratrace 2 for multi-elements. The Company used blank and standard
samples for quality assurance and control.
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. 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.
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