The northeast section of vein No. 22 is mineralized with limonite, goethite and pyrite over a strike length of 180 m and one site of visible gold reported. Vein No. 22 terminated against a porphyry dyke at its northeast end. The Company is currently excavating cross-trenches designed to locate the extension of vein No. 22 northeast of the porphyry dyke. Two additional flanking veins have already been discovered in cross-trench M20-23.
Assays are pending on 16 grab samples collected from vein No. 18 and 5 samples from trenches M20-19 to 21, some containing visible gold as reported
Following this trenching program, the Company expects a potential resumption of diamond drilling activities to test these new gold occurrences. The exploration program is supported in part by a
https://www2.gnb.ca/content/gnb/en/departments/erd/energy/content/conference/Conf_home.html
The Menneval Project: The expanded Menneval Gold project is now comprised of 480 claim units covering 10,460 hectares located in northwestern
About
SLAM is a project-generating resource company with a portfolio of precious metal and base metal properties in
QA-QC - Sampling Procedures
The veins were uncovered using an excavator to allow collection of grab samples of vein material from bedrock. The samples were tagged and shipped to ALS Geochemistry in
Qualifying Statements:
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.
CONTACT INFORMATION:
Contact: 506-623-8960 mike@slamexploration.com
Contact: 604-687-2038 ebeukman@pendergroup.ca
SEDAR: 00012459E
Source:
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