SLAM AWARDS DIAMOND DRILLING CONTRACT FOR MAISIE GOLD Drilling To begin In August At Menneval Gold Project
SLAM AWARDS DIAMOND DRILLING CONTRACT FOR MAISIE
GOLD
Drilling To begin In August At Menneval Gold Project
For Immediate Release, July 16, 2020
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “ Company” on TSXV: SXL ) is
pleased to announce it has awarded a diamond drilling contract for a minimum of 600 metres on the
Menneval Gold Project. The Company proposes to drill 6 to 10 diamond drill holes designed to test the
road-accessible Maisie gold vein to a depth of 150 m. Previous trenching and drilling programs traced
the Maisie gold‐bearing quartz vein over a strike‐length of 700 metres and to a depth of 30 metres. The
Company will receive a $30,000 contribution to the Menneval gold project under the New Brunswick
Junior Mining Assistance Program.
The Menneval Project: The recently expanded Menneval Gold project is comprised of 211 claim units
covering 4,496 ha located in northwestern New Brunswick. The Company holds a 100% interest in the
Menneval claims. Four (4) claim units covering 105 hectares are subject to a 1.5% NSR. The Company
can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.
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 and the
recently acquired Lewis Brook silver project in northern New Brunswi ck, as well as 5 gold projects
located in the vicinity of Clarence Stream where Galway Gold Inc. has reported successful gold drilling
results 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 is subject to an option agreement. SLAM also holds NSR royalties 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 State ments: 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 curr ent 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
For additional information, do not hesitate to contact the undersigned at 506-623-8960 or by email
Regards,
Mike Taylor, P.Geo
President & CEO
SLAM Exploration Ltd.
295 Hutchinson Dr.
Miramichi, NB E1V 6C7