Grades up to 585.00 g/t (17.06 oz/ton) silver
MIRAMICHI, NB,
Silver Copper Zinc Lead Silver Hole From To Length g/t % % % oz/T SJ09-07 55.80 57.65 1.85 m 45.65 0.22 10.43 9.48 1.33 SJ09-08 24.50 27.60 3.10 m 63.35 0.33 3.03 2.35 1.85 SJ09-10 7.00 7.50 0.50 m 43.00 0.55 3.79 3.42 1.25 SJ09-11 25.50 26.39 0.89 m 18.00 0.23 1.20 0.87 0.53 SJ09-12 44.24 47.70 3.46 m 171.29 0.78 4.81 4.02 5.00 SJ09-12 46.00 47.00 1.00 m 151.00 0.84 3.64 2.57 4.40 SJ09-12 47.00 47.70 0.70 m 585.00 2.47 14.60 12.80 17.06
Holes SJ09-09 and SJ09-13 did not intersect significant mineralization. Assays are pending on the remaining 7 holes numbered SJ09-14 to SJ09-20. The 20 hole drilling program has traced the Silverjack zone over a strike length of 130 metres. Trenching indicates sulphide mineralization continues southward over a strike-length of 1600 metres.
Samples collected from test pits in the general vicinity of a historic rare earth mineral occurrence returned anomalous values in some rare earth elements including lanthanum 93.5 ppm, cerium 166 ppm and neodymium 70.3 ppm. SLAM plans additional work on rare earth elements in 2010.
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. Michael R. Taylor, P.Geo. President & CEO of SLAM, is the Qualified Person, as defined under National Instrument 43-101, responsible for management of the Silverjack project and for the results reported in this news release.
The Silverjack property comprises 3 claims under option plus 59 wholly owned mineral claims for a total of 992 hectares in the Mitchell area. This property is adjacent to SLAM's Nash Creek zinc-lead-silver deposit (with a 43-101 compliant resource estimate) and 12 kilometres southwest of the Belledune smelter and seaport.
"The Silverjack drilling program was funded as a result of a financing by MineralFields Group, now a major SLAM shareholder," said
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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