Visible gold was reported from 12 of 16 grab samples collected from vein No 18 over a strike length of 115m. This mineralized vein ranges from 0.04 to 0.12 m thick. It is part of a network of veins extending southwest of Zone 9 as reported
Assays are pending on 16 grab samples collected from vein No. 18 and 5 samples from trenches M20-19 to 21. All 21 samples are comprised of quartz vein material mineralized with limonite, pyrite and, in 12 of the samples, visible gold. Results are pending from 282 soil samples that may assist the Company in the search for potential new veins and extensions.
The Company is currently digging trench M20-22 on the east flank of Zone 9 and 300 m east of trench M20-18. M20-22 has traced a vein southward over a strike length of 250m and is open to the north and south. This vein ranges up to 0.30 m in thickness but locally is 1.0 m thick. This vein is mineralized with limonite and locally, pyrite. 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
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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