[ad_1]
Article content material
Seen Gold Samples Collected By SLAM
MIRAMICHI, New Brunswick, July 20, 2023 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (TSXV-SXL) (“SLAM” or the “Firm”) is happy to announce assays ranging as much as 31.5 g/t gold from seize samples collected from a vein on the Shadow Lake gold venture positioned 30 km west of Saint John, New Brunswick. (The “Property”).
Article content material
SLAM acquired the Shadow Lake gold property after Firm geologists reported the presence of seen gold in 2 seize samples collected from the LLP vein close to the west finish of the Property. These 2 samples returned assays of 31.50 g/t gold and 9.93 g/t gold respectively. Earlier staff reported a seize pattern grading 54.9 g/t gold from this vein which was traced over a strike size of 150 metres.
Commercial 2
Article content material
Earlier staff reported 6 further gold occurrences together with a seize pattern grading 70.4 g/t gold at a web site 15 kilometres east of the LLP vein. Assays are pending on 14 samples collected from a number of websites throughout a second go to by SLAM’s advance scout crew. The Firm has commissioned a soil geochemical survey on 2 grids to check the strike potential of those gold veins.
The Shadow Lake Gold Mission: The Property contains 6 claims overlaying 3782 hectares alongside a 20 kilometre stretch of granitic and sedimentary rocks related to the Fundy fault zone. The Fundy fault zone is the identify for a collection of regional fault buildings reducing via SLAM’s Shadow Lake, Rogers Lake and Jake Lee declare teams. The invention of gold mineralization within the neighborhood of those faults is just like latest gold discoveries by Newfound Gold Corp. alongside the Appleton and JBP faults in addition to different buildings in Newfoundland. SLAM President Mike Taylor states “Exploration of comparable buildings in New Brunswick is producing gold discoveries. The Firm has already recognized a 20 kilometre gold producing fault system at Shadow Lake. This acquisition expands SLAM’s mineral holdings to 1377 declare models overlaying 37,732 hectares unfold alongside these fault zones with the likelihood for an rising gold district.”
Article content material
Commercial 3
Article content material
About SLAM Exploration Ltd:
SLAM intends to finish soil geochemical surveys to additional check the Shadow Lake gold occurrences. These initiatives are related to the Fundy fault zone and positioned in southwestern New Brunswick the place Galway Metals lately introduced a 2.3 million ounce gold deposit at Clarence stream. The Firm plans additional work at its drill-ready Menneval gold venture in northern New Brunswick.
Focusing on essential parts in addition to gold, the Firm aggressively pursues new exploration alternatives such because the lately staked Freeway venture with has recognized occurrences of cobalt, copper and silver in addition to gold. SLAM additionally intends to discover cobalt, nickel and copper geochemical anomalies on its Portage venture within the Bathurst Mining Camp (“BMC”). The Firm is evaluating the Cumberland Bay uncommon earth factor (REE) venture in central New Brunswick and the Keezhik gold venture in Ontario.
Commercial 4
Article content material
The Firm has adequate funds for the work at the moment in progress. To view SLAM’s company presentation, click on SXL-Presentation. Further data is obtainable on SLAMs web site SLAM and SEDAR filings at www.sedar.com. Observe us on twitter @SLAMGold.
QA-QC Procedures: Seize samples had been collected and delivered to had been despatched to ALS Chemex in Moncton, New Brunswick. The samples had been ready in response to ALS code Prep 31B and had been analyzed for gold utilizing normal hearth assay (30 gram) with AAS end in response to ALS code Au-AA23. Samples over the ten g/t restrict for the AAS technique had been analyzed by hearth assay with a gravimetric end.
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a certified particular person as outlined by Nationwide Instrument 43-101, approves the contents of this information launch.
Commercial 5
Article content material
Sure data on this press launch could represent forward-looking data, together with statements relating to mineral assets and the Firm’s plans with respect to the exploration and improvement of its properties.
This data relies on present expectations which are topic to important dangers and uncertainties
which are tough to foretell. Precise outcomes may differ materially from outcomes prompt in any forward-looking
statements. The Firm assumes no obligation to replace the forward-looking statements, or to replace the the reason why precise outcomes may differ from these mirrored within the ahead looking-statements except and till required by securities legal guidelines relevant to the Firm. There are a variety of danger components that would trigger future outcomes to vary materially from these described herein. Data figuring out dangers and uncertainties is contained within the Firm’s filings with the Canadian securities regulators, which filings can be found at www.sedar.com. Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this launch.
CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960 mike@slamexploration.com
Eugene Beukman, CFO
Contact: 604-687-2038 ebeukman@pendergroup.ca
SEDAR: 00012459E
Article content material
[ad_2]
Source link
Feedback
Postmedia is dedicated to sustaining a full of life however civil discussion board for dialogue and encourage all readers to share their views on our articles. Feedback could take as much as an hour for moderation earlier than showing on the positioning. We ask you to maintain your feedback related and respectful. We now have enabled e mail notifications—you’ll now obtain an e mail if you happen to obtain a reply to your remark, there may be an replace to a remark thread you comply with or if a consumer you comply with feedback. Go to our Community Guidelines for extra data and particulars on methods to regulate your email settings.
Be a part of the Dialog