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Slam Diamond Drill Holes Hitting Gold Target
Published : December 12, 2012

Drills Visible Gold In First Hole On Maisie Zone

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Keywords :   Diamond | Gold | New Gold | Silver |

MIRAMICHI, NEW BRUNSWICK--(Marketwire - Dec. 12, 2012) - SLAM Exploration Ltd. (News - Market indicators)(OTCBB:SLMF) ("SLAM") is pleased to report the initial Diamond drill holes completed at its wholly owned Menneval gold project in New Brunswick. Holes MG1201 to MG1204 intersected the target quartz vein at hole depths ranging from 6m to 21m. The drilled thickness varies from 0.2m in hole MG1201 to 0.8m in hole MG1204. Two specks of visible gold occur in hole MG1201 at a depth of 6.0m, directly beneath trench Men1A where the Company reported a 1.1m wide chip sample grading 1100 g/t gold October 22, 2012.

Stepping 150 m westward, hole MG1206 intersected a 1m core interval of mineralized quartz vein at a hole depth of 12m. This intercept is directly beneath Trench Men12-49 where SLAM reported channel samples up to 40g/t gold over 0.2m and grab samples up to 618 g/t gold in a news release December 4, 2012.

Holes MG1201 to MG1205 were drilled at dips of 45°, 57°, 63°, 68° and 73°respectively and azimuth 330° from site 5083N on section 4493E. After hole MG1205, the drill was moved 150m west to hole MG1206 which was drilled at azimuth 330° dip 45° from site 5072N on section 4334E. Hole MG1207 was drilled from the same setup at dip 60° dip to test the vein at a depth of 24m. Assays are pending on core samples from the first 7 drill holes.

The 50 hole drilling program continues to trace the Maisie Zone westward from hole MG1207 on a grid established to provide spatial control for the drilling sites. The target vein and control grid are shown on a map at http://www.slamresources.com/projects/new-brunswick/menneval. The Company reported numerous sites of visible gold and bonanza grade assays uncovered as it traced the vein system over a 700m strike length.

Qualifying Statements: SLAM Project Manager Sara Lloyd, P.Geo. is the Qualified Person responsible for the technical information contained herein. Samples were sent to Actlabs in Ancaster, Ontario to analyze by fire assay with AA finish followed by fire assay with gravimetric finish for gold values above 3.0 g/t.

About The Menneval Project: SLAM holds 100% interest in 18 contiguous claims covering 30,820 hectares all acquired by map-staking near Menneval in northwest New Brunswick. Four (4) of the claims covering 692 hectares are subject to a 1.5% NSR. SLAM can buy down 0.5% NSR for C$0.5M and has right of first refusal on remaining 1%. The extensive property hosts a number of new gold discoveries including the Maisie zone. It also covers 3 previously discovered silver-base metal skarn deposits where exploration programs date back to 1965.

About SLAM Exploration Ltd:

SLAM is a mineral resource company based in Miramichi, New Brunswick and is actively exploring new gold discoveries on its Menneval and NW Gold projects in northwestern New Brunswick. In addition, the Company owns the Nepisiguit and Nash Creek silver-base metal deposits, both NI 43-101 compliant and located in New Brunswick. The Company also owns a significant gold portfolio in Ontario including the Reserve Creek gold deposit. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

On behalf of the Board

Mike Taylor, P. Geo., President & CEO

SEDAR: 00012459E

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

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.

SLAM Exploration Ltd.
Mike Taylor, P. Geo.
President & CEO
506-627-1353 or Toll Free: 866.523.6719
info@slamexploration.com
www.slamexploration.com
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Slam Exploration Ltd.

EXPLORATION STAGE
CODE : SXL.V
ISIN : CA8310042053
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In the News and Medias of Slam Exploration Ltd.
12/4/2009EPA financial requirements could slam explorers and other U....
Financings of Slam Exploration Ltd.
7/4/2013Closes First Tranche of Private Placement
6/3/2013Announces $800,000 Private Placement
11/20/2012Revises Private Placement to Raise $760K
10/31/2012Announces $1M Private Placement
Project news of Slam Exploration Ltd.
2/18/2011(Silverjack)COMPLETES DRILLING AT SILVERJACK
1/21/2011(Reserve Creek)CUTS 19.7 M CORE INTERVAL GRADING 4.99 G/T GOLD
1/20/2011(Reserve Creek)CUTS 9.02 G/T GOLD OVER 15.1 M CORE INTERVAL
1/14/2011(Reserve Creek)CUTS 42.99 G/T GOLD OVER 1.0 M CORE INTERVAL
12/17/2010(Silverjack)DRILLING SOUTHWEST OF SILVERJACK
12/9/2010(Reserve Creek)DRILLS MORE INTERCEPTS AT RESERVE CREEK GOLD DEPOSIT
12/3/2010(Silverjack)DRILLING WIDESPREAD SILVERJACK MINERALIZATION
Corporate news of Slam Exploration Ltd.
10/31/2013Presenting at Exploration, Mining & Petroleum 2013 in Freder...
10/22/2013Digging Gold at Menneval
9/17/2013Digging for Gold at Menneval
8/6/2013Announces Change of Auditor
8/6/2013Announces Change of Auditor
7/25/2013Holds Annual and Special Meeting
3/27/2013Reports Successful Gold Liberation Tests
3/19/2013Drills 121 g/t Gold Over 0.31 m
3/13/2013Drills 22.97 g/t Gold Over 1.9 m
2/27/2013Reaching Out To 30,000 PDAC Delegates
2/11/2013Drilling Phase II Program on Gold Discovery
1/29/2013Announces Metallurgical Study on Maisie Zone
1/23/2013Presenting at Global Chinese Financial Forum
1/17/2013Reports 0.30 m Interval Grading 104 g/t Gold
1/10/2013s Diamond Drilling Program
1/4/2013s 47 Hole Diamond Drilling Program
1/2/2013Intersects Gold Bearing Quartz Vein in 3 Diamond Drill Holes
12/28/2012Expands Gold Zone With Additional Diamond Drill Holes
12/12/2012Diamond Drill Holes Hitting Gold Target
11/28/2012Raises $460K to Drill New Gold Discovery
11/14/2012Trenches More High Grade Gold
11/8/2012Team Members Receive Prospector of the Year Award for Gold D...
10/22/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
10/22/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
9/18/2012Presenting at CIM-NB Branch 37th Convention
9/13/2012Announces Grant of Stock Options
4/27/2011UPGRADES SILVER, LEAD, ZINC IN DEPOSIT
1/7/2011TO RESUME DRILLING FOR GOLD AT RESERVE CREEK
12/31/2010(angl) -SLAM ACQUIRING EXPERTISE TO BUILD A PRECIOUS METALS ...
12/2/2010 SLAM DRILLING FOR GOLD AT RESERVE CREEK/
3/24/2010$375,000 financing
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