SLAM ACQUIRES SILVER PROPERTY BY STAKING Re-Evaluation of Historic Silver Discovery In Progress
TSXV: SXL
SLAM ACQUIRES SILVER PROPERTY BY STAKING
Re-Evaluation of Historic Silver Discovery In Progress
For Release 9:00 AM, June 18, 2020
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased
to announce it has re-acquired the Lewis Brook silver property by E-staking. SLAM discovered silver at
Lewis brook by diamond drilling of 11 holes in 1999 and 2000. Mineralized core intervals include 346.81
g/t silver over 3.6 m in the discovery hole LB99-01 to 1227.71 g/t silver over 2.20 m in hole LB00-10.
The Lewis Brook property is underlain by volcano-sedimentary rocks similar to those hosting the Nash
Creek deposit where Callinex Mines Inc. (TSXV: CNX) recently reported significant silver intercepts. SLAM
is re-evaluating the results of the soil geochemical and induced polarization surveys it had completed at
Lewis Brook along with the 1999-2000 drilling results. Silver was detected in all 11 holes as summarized
in the following table:
DDH From m To m Interval Zinc % Lead % Silver g/t
LB9901 15.10 20.00 4.90 0.35 0.18 13.23
LB9901 79.90 80.40 0.50 0.55 0.54 144.00
LB9901 84.90 88.50 3.60 2.43 1.41 346.81
LB9902 115.20 142.60 27.40 0.36 0.02 2.30
LB9903 78.80 114.70 35.90 0.33 0.02 1.36
LB9904 112.10 115.40 3.30 1.39 0.88 15.47
LB0005 37.90 40.80 2.90 0.16 0.09 170.60
LB0006 37.90 38.20 0.30 1.25 0.55 54.80
LB0007 26.50 27.50 1.00 1.23 6.08 50.84
LB0007 88.00 88.30 0.30 0.09 0.86 299.00
LB0007 111.40 111.60 0.20 3.59 0.67 652.00
LB0008 17.50 18.20 0.70 0.59 0.73 10.99
LB0009 42.00 43.80 1.80 1.85 0.03 4.32
LB0010 50.70 51.90 1.20 0.18 0.26 239.58
LB0010 63.10 65.90 2.80 0.04 0.03 40.44
LB0010 73.50 75.70 2.20 0.66 0.86 1227.71
LB0011 31.80 32.00 0.20 1.09 0.10 39.80
LB0011 34.00 34.30 0.30 3.13 1.04 122.00
LB0011 35.40 35.70 0.30 2.73 0.73 75.80
2
The core intervals described are drilled core lengths. True widths were not determined. The Lewis Brook
property comprises 1 mineral claim covering 325 hectares acquired by staking on the NB e-CLAIMS portal.
The property is accessible by logging roads and located 30 km northeast of Plaster Rock, New Brunswick.
QA‐QC Procedures: Core was delivered to a secure logging facility in Miramichi where it was logged.
Selected core intervals were split with half core samples sent to XRAL Laboratories Ltd. XRAL completed
a multi-element ICP analysis on all samples using method ICP70. Samples that run over 1% lead or zinc
were re-analyzed using their method ICAY50. Samples containing elevated silver were re-analyzed using
method CHAY50 and/or FA31G. The Company relied on XRAL for its QA-QC procedures including duplicate
assays the lab. The work was supervised by Mike Taylor, P.Geo. President and CEO of SLAM Exploration
Ltd.
About SLAM Exploration Ltd:
SLAM is a project-generating resource company with a portfolio of precious metal and base metal
properties in New Brunswick and Ontario. The Company owns the Menneval gold project in northwestern
New Brunswick as well as 5 gold projects located in the vicinity of Clarence Stream where Galway Gold
Inc. has reported successful drilling for gold in southern New Brunswick. SLAM also owns the Reserve
Creek, Opikeigen and Miminiska gold projects in Ontario. The Company owns a portfolio of base metal
properties in the Bathurst Mining Camp (“BMC”) that are currently under option to Eastern Zinc corp
(EZNC on TSXV). SLAM also holds NSR royalties on on the Superjack, Nash Creek and Coulee zinc-lead-
copper-silver properties in the BMC. 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 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:
Mike Taylor, President & CEO
Contact: 506-623-8960 [email protected]
Eugene Beukman, CFO
Contact: 604-687-2038 [email protected] SEDAR: 00012459E