SLAM CUTS HIGH GRADE GOLD & SILVER IN CHANNEL SAMPLES Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada
TSXV: SXL
SLAM CUTS HIGH GRADE GOLD & SILVER IN
CHANNEL SAMPLES
Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada
For Release 7:23 EST, January 14, 2026
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is
pleased to report new high grade assays up to 40.5 grams per tonne ("g/t") gold and 63.3 g/t silver from
channel samples sawn across the No. 1 vein on its wholly owned Jake Lee claims. The Jake Lee project is
located 25 kilometers southeast of the Clarence Stream gold deposit operated by Galway Metals Inc. in
New Brunswick, Canada.
Three channels were cut across the No. 1 vein and extended into the wall rock on both sides of the vein.
The three channel samples cut across the vein assayed 31.3 g/t gold, 12.3 g/t gold and 40.5 g/t gold along
with 63.30 g/t silver, 23.2 g/t silver and 25.1 g/t silver as summarized in the following table:
Channel Sample Description East_m North_m Width_m Gold g/t Silver g/t
JLCS1 188415 No. 1 vein 690634 5010680.8 0.40 31.300 63.30
JLCS2 188419 No. 1 vein 690637 5010683.8 0.40 12.300 23.20
JLCS3 188423 No. 1 vein 690641 5010686.4 0.40 40.500 25.10
JLCS1-HW 188416 Wallrock 690634 5010681.2 0.40 0.213 0.50
JLCS1-FW 188417 Wallrock 690634 5010680.4 0.40 0.266 0.40
JLCS1-FW 188418 Wallrock 690634 5010680.0 0.40 0.898 1.70
JLCS2-FW 188420 Wallrock 690637 5010683.4 0.40 0.146 < 0.2
JLCS2-FW 188421 Wallrock 690637 5010683.0 0.40 0.118 0.20
JLCS2-HW 188422 Wallrock 690637 5010684.2 0.40 0.159 0.50
JLCS3-HW 188424 Wallrock 690641 5010686.8 0.40 0.340 < 0.2
JLCS3-FW 188425 Wallrock 690641 5010686.0 0.40 0.319 0.90
The first 3 samples in the table were cut from the No. 1 vein. The other 8 samples were sawn from wall
rock on both sides of the vein. All of the wall rock samples contain gold ranging from 0.118 g/t to 0.898 g/t
gold.
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Figure 1: The No. 1 Vein
QA-QC Procedures: After cleaning and washing, 3 channels were sawn across the No. 1 vein and
into the wallrock. Channel JLCS2 and channel JLCS3 were spaced 3 and 4 meters respectively
meters east of channel JLCS1. Eleven channel s amples were collected and delivered directly to
Actlabs in Fredericton, New Brunswick for analysis . Actlabs analyzed all the samples for gold
using procedure 1A2 (fire assay with atomic absorption finish) and 1A3 (gravimetric finish) for
over-limit samples. Actlabs also used the ICP 1E3 method to analyze the samples for multiple
elements
Jake Lee Project Update
Channel sample assays range up to 40.50 g/t gold and 63.30 g/t silver in the No. 1 gold vein as reported
above from SLAM’s wholly-owned Jake Lee claims. The Company had previously reported eight grab
samples with assays ranging from 7.42 grams per tonne (“g/t”) to 94.80 g/t gold from the No. 1 gold vein
on July 9, 2025. A second discovery comprised quartz float grading 16.20 and 3.78 g/t gold respectively
100 meters southwest of the initial discovery as reported August 28, 2025.
The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway
Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of
2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold.
(Reference: “Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada,
by SLR Consulting (Canada) Ltd., March 31, 2022”). SLAM’s exploration team recently mobilized back
to Jake Lee.
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Historic Menneval Results
SLAM previously reported gold bearing core intervals from the Maisie vein, including 162.5 g/t gold over
0.2 m and 56.90 g/t gold over 0.5 m , in news releases dated December 13, 2021 and November 22, 2022.
The Company also reported a core interval grading 3,955 g/t (127oz) gold over 0.1m from the No. 18 vein.
The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring
approximately 3,000 meters by 2,500 meters.
About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a
40,000-hectare portfolio of mineral claim holdings in the mineral -rich province of New Brunswick. This
portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (“BMC”)
of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin
copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15
diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading
2.19% Cu-Eq (copper -nickel-cobalt), including 3.84% Cu -Eq over a 31.20 meter core interval from hole
GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up
to 3.31 grams per tonne over 0.5m in hole GW24-01.
The Company is a project generator and expects to receive significant cash and share payments in 2026.
SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the
Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as
180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR
royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and
on the Ramsay gold project.
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. Join our company
newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM
Exploration.
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.
CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960
Jimmy Gravel, Vice-President
Contact 902-273-2387
SEDAR+: 00012459
Forward-Looking Statements
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of
applicable Canadian securities laws. Forward -looking statements are not historical facts but instead represent
management’s expectations, estimates and projections regarding future events or circumstances. Forward -looking
statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,”
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“intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “might,” or “will,” and similar
expressions.
Forward-looking statements in this news release include, but are not limited to: statements regarding the exploration
potential of the Harry Brook gold –antimony project; the significance of historical gold and antimony occurrences;
the interpretation of geological, geochemical, and geophysical data; the identification and prioritization of
exploration targets; the anticipated receipt and significance of pending assay results from the Jake Lee Project; the
continuity and extent of mineralized structures at Jake Lee and Menneval; the timing and scope of future exploration
programs; the Company’s ability to advance its mineral projects; and the potential for future exploration success..
Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this news
release, including, without limitation: that historical exploration results, mineral occurrences, and publicly reported
third-party mineral resources are relevant for regional and exploration context; that geological interpretations and
targeting models are reasonable; that pending assay results will be received within anticipated timeframes; that
planned exploration activities can be executed as expected; that contractors, equipment, personnel, and supplies will
be available on acceptable terms; that commodity prices and market conditions will remain generally supportive; and
that required permits, approvals, and access rights will be obtained in a timely manner.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual
results, performance, or achievements to differ materially from those expressed or implied by such statements. These
risks and uncertainties include, without limitation: the speculative nature of mineral exploration; the risk that
exploration results, including pending assay results, may not confirm historical data or current interpretations;
uncertainty regarding the continuity, grade, and extent of mineralization; delays or changes to exploration programs;
availability and cost of labour, equipment, and contractors; fluctuations in commodity prices; availability of financing
on acceptable terms; regulatory, environmental, and permitting risks; operating hazards; and general economic,
market, and business conditions. Additional risk factors are described in the Company’s most recently filed
Management’s Discussion and Analysis and other continuous disclosure documents available under the Company ’s
profile on SEDAR+.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake
to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.