SLAM Adds To Zinc and Cobalt Portfolio Recent Activities In The Mineral-Rich Bathurst Mini ng Camp
SLAM Adds To Zinc and Cobalt Portfolio
Recent Activities In The Mineral-Rich Bathurst Mini ng Camp
MIRAMICHI, NB, Nov. 29, 2017 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (" SLAM " or the
"Company ") is pleased to report acquisition of the Red Pine property by staking. Combined with recent
acquisition of the Portage claims, this expands SLAM claim holdings to 29,000 hectares in the Bathurst
Mining Camp ("BMC") of New Brunswick, Canada where an evolving zinc play is attracting companies
and investment dollars. The Red Pine property is l ocated on the east side of the BMC where potential
targets are hidden beneath a cover sequence of younger sedimentary rocks.
The New Brunswick Zinc Play: Other companies with large land holdings include Os isko Metals and
Wolfden Resources with 50,000 and 20,000 hectares r espectively. Trevali Mining Corp. operates the
Caribou mine and owns the advanced Restigouche, Hal f-mile and Stratmat deposits.
SLAM 2017 Exploration Program : The Company has focused on property acquisition and preliminary
prospecting in exploration for zinc-rich volcanogenic massive sulphide (VMS) deposits in the Bathurst
Mining Camp. This Phase I program includes compilation of previous results combined with prospecting
to evaluate and prioritize projects and drilling targets for the next phase of activity. The higher priority
projects include Portage, Connector and Lower 44, a ll prospective for zinc-rich VMS deposits along with
related minerals copper, lead and silver. SLAM acquired the Ramsay cobalt project based on previous
drilling results and its location adjacent to SLAM's Portage property approximately 25 km west of the
Caribou mine.
Ramsay Cobalt Project: SLAM reported acquisition of the Ramsay claims by n ews release October 11,
2017 and the results of nine holes were drilled on the Ramsay property by previous workers in
2004. Drilled intervals include a 4.8m core interval grading 0.35% cobalt0.8m grading 0.96% cobalt
within. Such higher grade zones typically occur within wider core intervals ranging to 24.8 m grading
0.18% cobalt and 0.18% copper. This cobalt zone is considered a drill-ready, high priority target. A map
showing the Ramsay cobalt project along with SLAM's other BMC properties can be viewed at
www.slamexploration.com .
Portage VMS Project: Following acquisition (SXL news release November 6, 2017) of the key claims,
SLAM's prospecting team located key sites for historic diamond drill holes dating back to its discover y of
the Portage zone by previous workers in 1976. Thes e include hole CP77-57 which cut a core interval of
3.35m grading 5.81% zinc 2.97% lead 0.61% copper wi thin a 25.30m core interval grading 3.27% zinc
0.52% lead and 0.30% copper. The setting and style of mineralization is similar to the Restigouche
deposit located 4km to the northeast. On July 27, 2017, Trevali Mining Corp announced acquisition of the
Restigouche. According to Trevali, "It is anticipated that initial production from Restigouche to
supplement feed to the Caribou mill will be in Q3-2018".
Connector VMS Project: SLAM's prospecting team is currently evaluating potential targets directly
along strike from the former producing Brunswick No . 12 and No. 6 mines owned by Glencore. The
massive Brunswick No 12 deposit was discovered in 1953 and operated continuously from 1964 to
2013. It produced 150 million tonnes of ore grading 8.46% zinc, 3.33% lead, 0.37% copper, and 99 g/t
silver. No 6, discovered in October, 1952 was the first major discovery in the Bathurst Mining Camp.
QA-QC Procedures: The technical information disclosed in this news re lease is derived from government
publications and from assessment reports available from the New Brunswick Department of Natural
Resources and Energy.
About SLAM Exploration Ltd:
SLAM is a project generating company that holds an NSR royalty on the Coulee, Superjack and Nash
Creek zinc ‐lead ‐copper ‐silver deposits and owns a portfolio of base metal properties in the Bathurst
Mining Camp ("BMC") of New Brunswick. The Company intends to utilize its extensive BMC mineral
database to explore and develop properties in this historic mineral-rich region. Other projects include the
Menneval gold project and the Reserve Creek gold pr ojects in Ontario. 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 Explo ration Ltd., as the
Qualified Person, approves the scientific and technical disclosure in the 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 up date 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 fac tors
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 Prov ider (as
that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE SLAM Exploration Ltd.
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%SEDAR: 00012459E
For further information: Mike Taylor, President & CEO, Contact: 506-623-8960,
[email protected]; Eugene Beukman, CFO, Cont act: 604-687-2038,
CO: SLAM Exploration Ltd.
CNW 12:03e 29-NOV-17