SLAM Exploration prospecting high grade silver mineralization

    
    Historic silver grades up to 1565.14 g/tonne in diamond drill holes.
    

MIRAMICHI, NB, Nov. 13 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") is pleased to announce results from 16 samples collected during preliminary prospecting on its Nash Creek and Silverjack claims in New Brunswick.

Five samples of mineralized rubble collected from an old trench ranged from 9 to 315 g/t silver, 0.31 to 1.51 % copper, 1.02 to 2.91 % lead and 1.18 to 5.46 % zinc. This trench appears to be the site from which a bulk sample that was extracted in 1975 returned 51.05 oz/ton (1750.3 g/t) silver with 14.3% lead and 10.2% copper as reported by press release 03 November 2009.

Research indicates that Dome Mines Ltd. drilled 23 holes on this property over a strike-length of 2 km in 1960. According to Dome, 5 holes were drilled beneath or near the site of the above noted trench with mixed results. Nine holes were drilled on soil geochemical and geophysical anomalies also with mixed results. An additional 9 holes were drilled in the area of a soil anomaly located 200m west of the trench.

Significant silver and base metal values were reported from 3 of the nine holes as summarized in the following table. These represent a zone of high grade silver-copper-lead-zinc mineralization detected over a strike-length of 50 metres and open along strike to the northeast and southwest.

    
                            Core*
      HOLE    From      To  Length  Silver  Silver* Copper   Zinc     Lead
        ID     m*    m*      m  oz/ton   g/tonne       %       %       %
    DM6001   70.77   71.17    0.40    3.07    105.26    3.89   14.97   11.01
    DM6001   71.17   71.63    0.46    0.87     29.83    2.17    7.91    5.57
    DM6001   71.63   72.54    0.91   45.65   1565.14    3.75   14.49   12.82
    DM6001   72.54   73.24    0.70   11.32    388.11    3.61   19.58   14.32
    DM6001   73.24   73.58    0.34    9.44    323.66    1.71   10.25    9.13
    DM6001   73.58   74.07    0.49    4.19    143.66    0.66    2.44    1.08
    DM6001   74.07   74.68    0.61    4.66    159.77    0.63    1.00    1.56
    DM6010   53.10   54.62    1.52   15.28    523.89    2.45    2.16    2.48
    DM6010   54.62   55.02    0.40    1.83     62.74    0.45    0.00    0.69
    DM6014   60.78   62.00    1.22    2.80     96.00    0.95    0.72    1.28
    DM6014   62.00   62.36    0.37    0.56     19.20    2.10   10.10    9.39
    DM6014   62.36   63.12    0.76    2.86     98.06    1.67    1.55    2.42
    DM6014   63.12   63.64    0.52    4.28    146.74    0.92    3.61    3.18
    DM6014   63.64   64.68    1.04    1.04     35.66    0.42    1.55    2.30
    DM6014   64.68   64.95    0.27   39.93   1369.03    5.05    4.02    3.81
    

* The core distances and lengths and the silver g/tonne are calculated from Dome's original data using standard metric conversion factors. The core lengths are drilled intervals. True widths are not known. The drill sites have not been located in the field.

SLAM is planning a trenching program to test these high-grade silver and base metal targets over the next few weeks. A number of other targets will be tested including two sites of anomalous rare earth elements reported by press release 05 October 2009.

SLAM is exploring 60 claims covering 1023 hectares in the Mitchell area adjacent to SLAM's extensive Nash Creek property and 12 kilometres southwest of the Belledune smelter and seaport. The Mitchell claims include 57 wholly owned mineral claims formerly considered part of the Nash Creek claim group along with 3 Silverjack claims under option.

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.
    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

SOURCE SLAM EXPLORATION LTD.

For further information: For further information: Corporate Inquiries: Mike Taylor, President & CEO, (506) 627-1353, Toll Free: 866-523-6719, miketaylor@slamexploration.com

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