Slam Acquires M ount Uniacke Gold Property
TSXV: SXL
Slam Acquires M ount Uniacke Gold Property
For Immediate Release, August 16, 2019
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “ Company” on TSXV: SXL ) is
pleased to announce that it has acquired an option t o earn 100% interest in the Mount Uniacke gold
property (the “Property”) located in Nova Scotia, Canada. The first discovery of gold at Mount Uniacke
was made on June 18, 1865 by David MacIntosh, John Sims and Charles Sims. Subsequently, a number
of gold-bearing leads (veins) and gold-bearing slate belts were discovered. According to provincial gold
records, from 1867 to 1941, the Mount Uniacke property produced more than 27000 ounces of gold.
To acquire 100% interest in the Property, SLAM will pay $450,000 through a series of instalments as follows:
Due Date Cash Payment
Upon Approval $15,000
On or before Nov 30, 2019 $10,000
On or before 1st anniversary $50,000
On or before 2nd anniversary $100,000
On or before 3rd anniversary $100,000
On or before 4th anniversary $175,000
The Optionors retain a 3% NSR royalty. SLAM holds the right to buy back 1% NSR for $500,000 and 1%
NSR for $1,000,000 at any time. SLAM holds right of first refusal on the remaining 1% NSR.
The Property:
The Mount Uniacke Gold Property comprises 25 claims within 2 exploration licenses covering 404
hectares of Meguma sedimentary rocks . The Property can be accessed by secondary roads in central
Nova Scotia. Gold at Mt. Uniacke occurs in leads and slate belts associated with fold structures within
the Meguma sediments. SLAM intends to conduct a drilling program to test the depth potential of gold-
bearing leads below the historic workings.
The Meguma Gold Terrane:
The Uniacke Gold Property is located near the centre of the Meguma terrane, a wedge of
metasediments up to 120 kilometers wide extending for 480 km, the length of Nova Scotia. The
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Meguma is host to numerous gold deposits dating back to Canada’s first gold rush following the
discovery of gold at M ooseland, Nova Scotia in 1858. The Meguma returned to production status in
1917 when Atlantic Gold Corp. began production on its Moose River project.
Analytical QA/QC Procedures: The gold values reported are based on historical records.
About SLAM Exploration Ltd:
SLAM is a project generator with a portfolio of gold assets that include the recently acquired Mt.
Uniacke gold project, the Menneval gold project in New Brunswick, and the Reserve Creek, Miminiska
and Opikeigen gold projects in Ontario. SLAM holds NSR royalties on the BMC properties and on the
Superjack, Nash Creek and Coulee zinc -lead-copper-silver properties in the Bathurst Mining Camp
(“BMC”) of New Brunswick. The Company utilizes an extensive BMC mineral database to acquire and
evaluate properties in this prolific mineral region. Additional information about SLAM and its projects is
available at www.slamexploration.com or from SEDAR filings at www.sedar. com. Follow us on twitter
@SLAMGold.
Qualifying Statements: Mike Taylor, P.Geo. President and CEO of SLAM Exploration Ltd., as the Qualified
Person, approves the scientific and technical disclosure in this news release.
Certain information in this press release may constitute forward- looking information, including statements
that address Private Placement s, closing of Private Placement s, future production, reserve potential,
exploration and development activities and expected events or developments . This information is based
on current expectations that are subject to significant risks and uncertainties that are difficult to predict.
Actual results might differ materiall y 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:
Mike Taylor, President & CEO
Contact: 506-623-8960 [email protected]
Eugene Beukman, CFO
Contact: 604-687-2038 [email protected] SEDAR: 00012459E