SLAM Digging for Gold at Menneval
Cost Effective Program To Define Potential Near-Surface Gold Resource
(firmenpresse) - MIRAMICHI, NEW BRUNSWICK -- (Marketwired) -- 09/17/13 -- SLAM Exploration Ltd. (TSX VENTURE: SXL) (OTCBB: SLMF) ("SLAM") is pleased to announce a trenching program is in progress at its wholly owned Menneval gold project in New Brunswick. This follows a successful trenching and drilling program which extended the Maisie zone over a strike length of 700 m and to a vertical depth of 30 m after its discovery by SLAM in 2012. Trenching uncovered a mother lode type of vein with grades ranging from 0.14 g/t over 1.4 m up to 1100 g/ tonne gold over 1.1 m in one bonanza shoot (SXL news release October 22, 2012). Diamond drilling shows a similar pattern at depth with core intervals ranging from 0.60 g/t over 8.31 m and up to 121 g/t gold over 0.31 m as announced March 19, 2013.
The purpose of this program is to define the grade and scope of the Maisie vein at surface and to test for potential extensions. The Company also intends to extract bulk samples for additional laboratory and mill testing. Grade/tonnage definition and metallurgical test results are required in preparation for a mining lease application.
Qualifying Statements: Mke Taylor, P.Geo. President and CEO of SLAM Exploration Ltd., is the Qualified Person responsible for the technical information contained herein.
About The Menneval Project: SLAM holds 100% interest in 8 contiguous claims that cover 30,820 hectares acquired by map-staking near Menneval in northwest New Brunswick. The property hosts 2 gold deposits, the Maisie gold zone and Zone 9. Click on the SXL website at to view maps and exploration results to date. Photos of drill core with visible gold can be viewed at http://www.slamresources.com/core-shack/.
About SLAM Exploration Ltd:
SLAM is a mineral resource company currently focused on development of the bonanza grade Maisie gold zone at its wholly-owned Menneval project in northwestern New Brunswick. The Company owns the Nepisiguit and Nash Creek silver-base metal deposits, both NI 43-101 compliant and located in New Brunswick. The Company also owns a significant gold portfolio in Ontario including the Reserve Creek gold deposit. Additional information about SLAM and its projects is available at or from SEDAR filings at . Follow us on twitter (at)SLAMGold.
On behalf of the Board
Mike Taylor, P. Geo., President & CEO
SEDAR: 00012459E
Certain information in this news release may constitute forward-looking information. 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. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators available at .
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
SLAM Exploration Ltd.
Mike Taylor, P. Geo.
President & CEO
506-627-1353 or Toll Free: 866.523.6719
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Unternehmensinformation / Kurzprofil:
Datum: 17.09.2013 - 15:48 Uhr
Sprache: Deutsch
News-ID 297536
Anzahl Zeichen: 3172
contact information:
Town:
MIRAMICHI, NEW BRUNSWICK
Kategorie:
Mining & Metals
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