SLAM Exploration Ltd. announced it has identified a 20 kilometre (km) trend of gold and copper mineralization associated with volcanic and intrusive rocks on the Shadow Lake gold project located 30 km west of Saint John, New Brunswick. The Company has received assays grading up to 3.39% copper and 0.17% molybdenum for grab samples that were collected from a breccia zone during a follow-up visit to the Shadow Lake gold project. This copper-molybdenum breccia zone is located 2,000 metres northwest of the LLP vein where Company geologists had reported visible gold in 2 grab samples.

These 2 samples returned assays of 31.50 g/t gold and 9.93 g/t gold respectively. Previous workers traced this vein over a strike length of 150 metres and reported grab samples up to 54.9 g/t gold. In addition, they reported grab samples grading up to 70.4 g/t gold at one of six gold occurrences approximately 15 kilometres east of the LLP vein.

Assays are pending on 250 soil samples collected in the vicinity of these gold occurrences.