eResearch Issues Updated Research Report for Slam Exploration (TSXV:SXL) - Video Summary of Report Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, June 27, 2011 - Toronto based eResearch Corp. has
issued a follow-up report on Slam Exploration (TSXV:SXL) maintaining a
speculative buy recommendation with a 12 month target of $0.33, more than triple
today's price of $0.10.
InvestmentPitch.com has produced a "video news alert" based on the research
report. If this link is not enabled, please visit www.InvestmentPitch.com and
enter "Slam" in the search box.
Highlights from the eResearch Report:
Slam holds an extensive property portfolio split between two geographic
locations, New Brunswick, where the focus is on base metals, and Ontario,
focused on gold.
In New Brunswick, the company is active on both its Nash Creek property and
adjacent Silverjack property. On the Nash property, the company published a
43-101 zinc, lead, silver mineral resource estimate of more than 9 million
tonnes, which is available on Sedar.com. During the latest drilling program, the
company cut an interval of 145 metres grading 16.9 grams per tonne silver and
3.9 percent lead-zinc, extending 60 metres below the deposit previously defined
in the 43-101 report.
eResearch believes there is considerable potential to expand this Nash Creek
deposit at depth and along strike, which could prompt an upward revision to the
current 43-101 report. Any expansion of this resource could trigger interest
from Xstrata the owner of a nearby mine, which is projected to shut down this
year when it runs out of ore.
Positive results were also reported from the 2010 drill program on the adjacent
Silverjack property. The most significant was a 9.6 metre interval grading
230.9 grams per tonne silver, 1.53 percent copper, 2.89 percent zinc and 2.53
percent lead.
The company has successfully completed diamond drilling programs on four gold
properties in the Fort Hope area of Ontario. On its Reserve Creek property,
highlights include a 16.85 metre interval grading 16.45 grams per tonne gold,
with bonanza grades ranging up to 274 grams per tonne gold over half a metre
within the interval. This year's program in Ontario will focus on Reserve Creek
for further delineation towards completion of a 43-101 compliant designation.
Slam has also entered into agreements that allow other companies to fund
exploration and development in return for an interest in specific properties. At
present Slam has agreements in place on three other gold properties in Ontario;
the Mininiska project with Namex Explorations, the Opikeigen property with
Beatrix Ventures, and the Keezhiz property with Zephyr Minerals.
eResearch has calculated a value of $0.38 per based only on the indicated,
inferred, and prospective resources from its advanced-stage properties.
The recent acquisition of Kria Resources by Trevali Resources also helped
eResearch value the New Brunswick properties. Kria's sole property assets
consisted of two lead-zinc base metal properties, both located in northern New
Brunswick and in relative proximity to Slam's projects. eResearch calculated the
value of the acquisition at $3.13 per tonne.
For a more information about Slam Exploration, please visit their website at
www.slamresources.com, or contact Brian Jones at 647-729-1436.
For a copy of the report, contact eResearch at www.eresearch.ca. While on their
site, sign up for their free reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1526673]
Unternehmensinformation / Kurzprofil:
Datum: 28.06.2011 - 16:03 Uhr
Sprache: Deutsch
News-ID 55928
Anzahl Zeichen: 4373
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 183 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"eResearch Issues Updated Research Report for Slam Exploration (TSXV:SXL) - Video Summary of Report Posted on www.InvestmentPitch.com"
steht unter der journalistisch-redaktionellen Verantwortung von
InvestmentPitch (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
