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SLAM Drills 121 g/t Gold Over 0.31 m
Published : March 19, 2013

More Bonanza Gold-Intervals - Deposit Extends From Surface To 45m Depth

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MIRAMICHI, NEW BRUNSWICK--(Marketwire - March 19, 2013) - SLAM Exploration Ltd. (News - Market indicators)(OTCBB:SLMF) ("SLAM") is pleased to announce diamond drilling results grading up to 121.00 g/t gold over 0.31 m from the 17 hole Phase II drilling program recently completed at its wholly owned Menneval gold project in New Brunswick. This bonanza grade interval occurs in hole MG1363 within a 0.85 m interval grading 44.53 g/t gold with visible gold reported.

SLAM is very encouraged by these results. The Maisie vein extends over a strike length of 700 m and to a depth of 45 m. Drilling indicates that the bonanza shoots identified in surface trenches can be followed at depth. Results are pending from metallurgical testing of a 27 kg bulk sample by RPC of Fredericton, NB.

According to SLAM president Mike Taylor, "Even though the nugget effect makes it difficult to represent this type of bonanza vein by drilling, this project continues to exceed our expectations. The next step is to initiate a permitting and consultation process in preparation for a potential open pit mine. Like many gold mines in the past, this is expected to start out as a glory-hole type of operation."

The Phase II program comprised 17 holes numbered Mg1348 to MG1364 for a total of 582 m. This program follows the successful 47 hole Phase I program drilled in December, 2012. To view maps and exploration results to date you are invited to the SXL website at http://www.slamresources.com/projects/new-brunswick/menneval. Photos of drill core with visible gold can be viewed at http://www.slamresources.com/core-shack/. Selected results from the Phase II program along with the 8 hole Zone 9 program are summarized in the table below.

Hole_ID   From_m   To_m   Interval_m   Gold_g/t
MG1364   42.23   43.40   1.17   0.67
MG1363   30.55   31.40   0.85   44.53
Includes   31.09   31.40   0.31   121.00
MG1359   13.00   13.12   0.12   1.24
MG1358   11.89   12.00   0.11   1.49
MG1357   16.50   17.70   1.20   1.67
MG1356   12.00   15.00   3.00   0.72
MG1355   10.00   10.80   0.80   2.11
MG1354   8.60   9.90   1.30   3.36
Includes   9.10   9.40   0.30   12.10
MG1352   16.00   17.90   1.90   22.97
Includes   17.60   17.90   0.30   62.80
MG1351   14.85   15.05   0.20   2.99
MG1350   7.00   7.12   0.12   1.63
MG1349   41.70   44.00   2.30   0.90
MG1348   37.00   45.31   8.31   0.60
BG1308   14.00   14.40   0.40   0.36
BG1308   21.60   21.90   0.30   0.20
BG1307   16.07   16.70   0.63   0.19
BG1305   17.80   18.30   0.50   0.24
BG1305   18.90   19.00   0.10   0.80
BG1305   19.35   19.45   0.10   0.36
BG1304   23.95   24.15   0.20   0.43
BG1302   49.67   50.07   0.40   1.81
BG1302   54.75   55.23   0.48   1.07
BG1301   16.37   16.60   0.23   0.74
BG1301   21.00   21.57   0.57   0.73
The intervals are core lengths. True thickness may vary.
Holes MG1348 to MG1359 were previously reported.

After the Maisie Zone, the Company completed an 8 hole drilling program for a total of 640 m on Zone 9, a swarm of quartz veins located 700 m south of the Maisie zone on SLAM's adjacent Border project. Results from holes BG1301 to BG1308 are included in the table above. Multiple vein intercepts grade up to 1.81 g/t gold over 0.4 m to depths of 55 m on Zone 9. This is a significant extension to the gold-bearing system on SLAM's wholly owned Menneval properties.

Qualifying Statements: Doug Clark, P.Geo. 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 samples were sawn and sent to Activation Labs in Ancaster, Ontario for analysis by fire assay with AA finish. This is followed by fire assay with gravimetric finish for gold values above 3.0 g/t. The Company uses blank and standard samples for quality assurance and control.

About The Menneval Project: SLAM holds 100% interest in 8 contiguous claims including 7 claims in the Menneval project and 1 claim referred to as the Border project that together cover 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 Menneval property hosts the Maisie gold zone. The Border property hosts a swarm of gold-bearing quartz veins known as Zone 9 located 700 m south of the Maisie discovery. 

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 project 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
Direct: 506-627-1353 or Toll Free: 866.523.6719

Slam Exploration Ltd.

ISIN : CA8310042053
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Slam Expl. est une société développant des projet miniers de zinc et de plomb basée au Canada.

Slam Expl. détient divers projets d'exploration au Canada.


Slam Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 719 500 CA$ (575 278 US$, 503 943 €).

La valeur de son action a atteint son plus haut niveau récent le 27 mai 2005 à 9,90 CA$, et son plus bas niveau récent le 30 avril 2020 à 0,01 CA$.

Slam Expl. possède 28 780 000 actions en circulation.

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Financements de Slam Exploration Ltd.
04/07/2013Closes First Tranche of Private Placement
03/06/2013Announces $800,000 Private Placement
31/10/2012Announces $1M Private Placement
Projets de Slam Exploration Ltd.
18/03/2015SLAM completes drilling program at Superjack
19/02/2015SLAM drilling program continues at Superjack
11/02/2015Slam launches Superjack drilling program
09/02/2015SLAM signs drilling contract for Superjack
21/01/2011(Reserve Creek)CUTS 19.7 M CORE INTERVAL GRADING 4.99 G/T GOLD
Communiqués de Presse de Slam Exploration Ltd.
18/03/2015completes drilling program at Superjack
24/02/2015Slam announces $600,000 private placement
19/02/2015drilling program continues at Superjack
31/10/2013Presenting at Exploration, Mining & Petroleum 2013 in Freder...
22/10/2013Digging Gold at Menneval
17/09/2013Digging for Gold at Menneval
06/08/2013Announces Change of Auditor
06/08/2013Announces Change of Auditor
25/07/2013Holds Annual and Special Meeting
27/03/2013Reports Successful Gold Liberation Tests
19/03/2013Drills 121 g/t Gold Over 0.31 m
13/03/2013Drills 22.97 g/t Gold Over 1.9 m
11/02/2013Drilling Phase II Program on Gold Discovery
29/01/2013Announces Metallurgical Study on Maisie Zone
23/01/2013Presenting at Global Chinese Financial Forum
17/01/2013Reports 0.30 m Interval Grading 104 g/t Gold
10/01/2013s Diamond Drilling Program
04/01/2013s 47 Hole Diamond Drilling Program
12/12/2012Diamond Drill Holes Hitting Gold Target
08/11/2012Team Members Receive Prospector of the Year Award for Gold D...
22/10/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
22/10/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
18/09/2012Presenting at CIM-NB Branch 37th Convention
13/09/2012Announces Grant of Stock Options
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