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Slam Exploration Ltd.

Publié le 09 février 2015

SLAM signs drilling contract for Superjack

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Mots clés associés :   Copper | Zinc |

SLAM signs drilling contract for Superjack

Drilling Planned At Zinc-Lead-Silver Deposit 

MIRAMICHI, NB , Feb. 9, 2015 /CNW/ - SLAM Exploration Ltd. (SXL.V) (the "Company") announces it has signed a contract for a two-phase diamond drilling program on its wholly-owned Superjack zinc-lead-silver deposit in the Bathurst Mining Camp ("BMC") of New Brunswick.  Phase I drilling will comprise approximately 1200 m of drilling expected to start immediately.

The program is designed to test for deep mineralization adjacent to ore-grade intercepts previously drilled by SLAM in its 2011-2012 program at Superjack Zone A. These intercepts are well below the limits identified by previous workers and show potential for significant new extensions at depth.

About Superjack:

The Superjack project is comprised of 2 claims covering 1680 hectares of highly prospective volcano-sedimentary strata located 15 km west of Glencore's Brunswick No. 12 mine which processed 150 million tonnes prior to closure in 2013. Although SLAM acquired the Superjack property by staking in 2002, exploration dates back to 1957 when previous workers discovered 3 zones then known as Nepisiguit A, B and C zones. The deepest intercept by previous workers was drilled in 1994 at a vertical depth of 230 m in Zone A.

The deepest intercept by SLAM comprises a 4.1 metre core interval of massive sulphides grading 10.11% zinc, 1.24% lead, 0.30% copper and 32.84 g/t silver at a vertical depth of 460 m in hole NP11-39. This intercept is 230 m below any previous drilling intercepts and is open laterally and at depth.  Superjack Zone A is a VMS (volcanogenic massive sulphide) deposit similar to much larger deposits in this area including Brunswick No. 12.

About SLAM Exploration Ltd.:

SLAM is a project generator with a portfolio of road accessible mineral properties within driving distance of the corporate head office in Miramichi , New Brunswick. This portfolio includes the Superjack (formerly Nepisiguit) and Nash Creek base metal-silver deposits that both contain resources conforming to NI43-101 standards. The Company discovered an extension of the Superjack-A massive sulphide deposit in 2011 and discovered the Maisie gold deposit on its Menneval project in 2012. The Company also owns a significant gold portfolio in Ontario that includes 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.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE SLAM EXPLORATION LTD.

Lire la suite de l'article sur finance.yahoo.com

Slam Exploration Ltd.

EXPLORATEUR
CODE : SXL.V
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.

Ses principaux projets en exploration sont LEWIS BROOK, OPIKEIGEN, SILVERJACK, TSN, MIMINISKA-KEEZHIK, COSTIGAN, NASH CREEK, NEPISIGUIT, CADMAN LAKE et RESERVE CREEK au Canada.

Slam Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,0 millions CA$ (1,5 millions US$, 1,3 millions €).

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
18/02/2011(Silverjack)COMPLETES DRILLING AT SILVERJACK
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
27/04/2011UPGRADES SILVER, LEAD, ZINC IN DEPOSIT
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