Diamond Drilling Hits Mineralization Grading Up to 605 g/t Silver Over 1.40 m
MIRAMICHI, NB, Dec. 22 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") is pleased to announce assay results from the first 8 holes of its 3,000 m diamond drilling program at Silverjack. All 8 holes hit significant mineralization with drill core intervals ranging up to 9.60 m grading 230.90 g/t silver, 1.53% copper, 2.89% lead and 2.53% zinc. This broad interval includes individual samples ranging up to 605 g/t silver, 2.42% copper, 3.41% lead and 2.99% zinc. Selected results are outlined in the following table:
|DDH||From m||To m||Length m||Silver g/t||Copper %||Zinc %||Lead %|
The lengths tabulated above are measured core intervals in metres. The true thicknesses are unknown. These holes were drilled generally 2 per section on 20 m step-outs and have extended the near-surface, high-grade zone to a strike-length of 110 m. Assays are pending on an additional 10 holes mainly drilled on soil targets extending up to 1600 m along strike from the Silverjack zone. A total of 18 holes were completed prior to a temporary shutdown for the holiday break. The Company expects to complete the remainder of the program in January 2011.
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. The Company has been awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program to support this drilling program. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.
Mike Taylor, P.Geo. President & CEO is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. Selected drill cores were split or sawn 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 on selected samples. The Company used blank and standard samples for quality assurance and control.
SLAM is a mineral resource company based in Miramichi, New Brunswick. SLAM is currently very active with a drilling program for gold on its Reserve Creek project as well as a drilling program for silver-copper-lead-zinc at Silverjack. 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.
|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.
For further information: For further information:
|Mike Taylor, President & CEO
Toll Free: 866.523.6719