SLAM CONDUCTING IP SURVEY TO DEFINE TARGETS AT GOODWIN COPPER -NICKEL PROJECT BEFORE DRILLING CAMPAIGN STARTS Advanced Survey To Define Targets Beneath Copper Nickel Cobalt Zones
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TSXV: SXL
SLAM CONDUCTING IP SURVEY TO DEFINE TARGETS AT
GOODWIN COPPER -NICKEL PROJECT BEFORE DRILLING
CAMPAIGN STARTS
Advanced Survey To Define Targets Beneath Copper Nickel Cobalt Zones
For Release 7:30 EST, June 30, 2025
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “Company”)
(TSXV-SXL) is pleased to announce that it has mobilized a geophysics crew to conduct Induced
Polarization (“IP”) surveys over the Granges, Farquharson and Logan copper nickel cobalt zones
on its wholly owned Goodwin claims in the Bathurst Mining Camp of New Brunswick. The first
IP line will cover a 64.90-meter core interval at a recovered grade of 1.49% copper equivalent
(“CuEq”) from 23.60 meters to 88.50 meters in drill hole GW2402 on the Granges Zone . This
1600-meter line is designed to cover both the Granges and Logan zones and test the area beneath
the copper -nickel-cobalt zone in hole GW24- 02. The Company expects to receive preliminary
survey results within one week.
The Company also plans to test the Farquharson Zone. The initial line in this area will cross over
a 60.60-meter core interval at a recovered grade of 0.84% CuEq from 72.90 meter s to 133.50
meters in hole GW24 03. The IP survey is expected to identify potential higher grade mineral
zones and depth extensions of the Granges, Farquharson and Logan copper nickel cobalt zones .
The recovered CuEq grades above were calculated using a recovery rate of 85% based on assays
listed in the table below and previously reported in news releases August 7, 2024 for hole
GW2402 and August 12, 2024 for hole GW2403.
Hole ID From To Length Copper Nickel Cobalt *Copper%
M M Meters % % % Equivalent
GW2402 23.60 88.50 64.90 0.73 0.64 0.05 1.49
GW2402 23.60 63.00 39.40 1.11 0.95 0.07 2.23
GW2403 72.90 133.50 60.60 0.39 0.35 0.04 0.84
GW2403 80.50 110.50 30.00 0.45 0.44 0.05 1.03
Metal $US/lb
Copper** $ 5.07
Nickel** $ 6.89
Cobalt** $ 15.12
*Copper equivalent calculation based on 85% recovery for copper and nickel
**Copper equivalent calculated from metal prices posted June 27th, 2025 on Daily Metal Price
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About Jake Lee Gold: Assays are pending for the Company’s trenching and prospecting
program at its wholly owned Jake Lee mineral claims located in southwestern New Brunswick.
The batch includes rush samples from the vicinity of trench JT25- 01, where the Company
recently excavated deeper to further expose a quartz vein . As previously disclosed in a news
release dated May 20, 2025, four samples from this vein returned grades ranging from 18.50 g/t
gold to 75.90 g/t gold.
About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly traded resource company
with a 40,000- hectare portfolio of mineral claim holdings in the mineral -rich province of New
Brunswick. The Company commenced its 2025 exploration season with a new gold discovery on
the Jake Lee gold project, reporting 4 samples grading 18.50 to 75.90 g/t gold in a news release
dated May 20, 2025, Assays are pending on additional samples from the follow-up prospecting
and trenching program.
The 2025 exploration program on the Goodwin Copper -nickel-cobalt project is now underway,
beginning with the IP survey, which is intended to refine drill targets in and around three
mineralized zones where the Company completed 15 diamond drill holes in 2024. Slam reported
significant copper, nickel, and cobalt intercepts including a 64.90- meter core interval at a
recovered grade of 1.49% CuEq from 23.60 meters to 88.50 meters in drill hole GW2402 on the
Granges Zone (CuEq calculated at a recovery rate of 85% from assay results announced by press
release August 7, 2024).
SLAM operates as a project generator and expects to receive significant cash and share
consideration in 2025. Notably, on February 28, 2025 Slam received $9,000 in cash and
1,200,000 shares of Nine Mile Metals Inc. ( CSE:NINE) pursuant to the Wedge project
agreement. On March 29, 2025, t he Company also received a cash payment of $ 60,000 and
180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company
retains net smelter return (NSR) royalties on both projects and expects additional cash and share
payments.
To view SLAM’s corporate presentation, click SXL -Presentation. Additional information is
available on SLAM’s website and on SEDAR+ at www.sedarplus.ca . Follow us on X
@SLAMGold.
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a
qualified person as defined by National Instrument 43- 101, and has approved the contents of this
news release.
Forward-Looking Information:
This news release contains “forward -looking information” and “forward -looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements in this
release, other than statements of historical fact, are forward- looking statements and include, but are not limited to,
statements regarding: the Company’s planned exploration activities; the anticipated results of IP surveys; the
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receipt and timing of assay results; the potential for additional mineralized zones or depth extensions; the
Company’s expectations regarding future payments under option or royalty agreements; and the potential for future
drilling programs.
Forward-looking statements are based on the beliefs, assumptions, and expectations of management as of the date
of this release and involve a number of known and unknown risks, uncertainties, and other factors. These risks and
uncertainties may cause actual results, performance, or achievements of the Company to differ materially from
those expressed or implied by such forward-looking statements. These factors include, among others, risks related to
exploration and development; the interpretation of exploration results; delays or failures in obtaining assay results;
commodity prices; market conditions; regulatory approvals; availability of financing; and other risks detailed from
time to time in the Company’s filings with Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers
are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof.
Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future events, or otherwise. Additional
information identifying risks and uncertainties is available in the Company’s filings with Canadian securities
regulators, which are available at www.sedarplus.ca.
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