SLAM Drills Additional Silver - New drilling intercepts up to 423 g/t (12.35
oz/ton) silver
MIRAMICHI, NB,
Silver Copper Silver Hole From To Length g/t % Zinc % Lead % oz/T SJ09-02 53.00 56.00 3.00 m 73.00 0.30 0.12 0.11 2.13 SJ09-03 46.50 51.50 1.70 m 19.71 0.20 2.07 1.68 0.58 SJ09-04 46.70 51.35 3.15 m 139.43 0.77 1.70 1.19 4.07 SJ09-04 50.00 50.70 0.70 m 423.00 2.24 5.14 3.06 12.35 SJ09-05 33.00 36.50 2.40 m 86.85 0.53 1.41 1.39 2.54 SJ09-06 44.80 46.20 2.20 m 142.17 0.41 1.39 0.96 4.15
Assays are pending on the remaining 14 holes. The 20 hole drilling program has traced the Silverjack zone over a strike length of 130 metres. Trenching indicates sulphide mineralization in altered and bleached limestone continues southward over a strike-length of 1600 metres.
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 lengths tabulated above are measured core intervals. 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.
"MineralFields Group recently became a major SLAM shareholder by financing
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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