SLAM DISCOVERS GOLD, SILVER & BASE METAL S ON NEW PROPERTY Trench Dug by Previous Workers Yield s Gold , Silver, Copper, Lead and Zinc
TSXV: SXL
SLAM DISCOVERS GOLD, SILVER & BASE METAL S
ON NEW PROPERTY
Trench Dug by Previous Workers Yield s Gold , Silver, Copper, Lead and Zinc
For Release 7:45 AM, December 16, 2020
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “ Company” on TSXV: SXL ) is
pleased to report the results from 5 grab samples ranging up to 6.70 g/t gold, 141 g/t silver, 0.95%
copper, 68.95% lead and 2.06% zinc collected during a preliminary prospecting program on its wholly
owned Birch Lake gold-silver property located 100 km west of the city of Miramichi in central New
Brunswick.
All 5 of the above noted samples were collected from an open trench that had been excavated by
previous workers. Sample E6640181, assaying 6.70 g/t gold , is a sample of trench rubble comprising
siliceous breccia mineralized with hematite. Samples E6640182 and E6640197 are trench rubble
comprising a similar breccia mineralized with galena and hematite. Sample E6640196 is a 20 kilogram
massive sulphide slab discovered in the rubble. Sample E6640198 is from a shear zone with hematite
and galena in bedrock metasediments. Assay results for all 5 samples are summarized as follows:
Sample Description Gold g/t Silver g/t Copper % Lead % Zinc %
E6640181 Rubble 6.70
E6640182 Rubble 4.03 63 0.167 16.3 0.869
E6640196 Slab – 20 kg 0.621 103 0.953 68.95 2.060
E6640197 Rubble 1.745 141 0.319 21.62 1.155
E6640198 Bedrock 0.523 57 0.062 2.68 0.026
An ICP analysis has been requested to determine the silver and base metal content of Sample E6640181.
The Birch Lake Project: The Company owns 2 mineral claims comprising 230 claim units that cover 5038
hectares of prospective mineral land locate d in central New Brunswick , 100 km west of the city of
Miramichi. These wholly-owned claims were acquired in 2020 by staking on the NB -eclaims portal. The
Company intends to complete additional exploration on the Birch Lake project although the main focus
will be the Menneval gold project in 2021.
The Menneval Gold Project: The Company intends to focus its 2021 exploration strategy on the
Menneval gold project after demonstrating the success of the 2020 program with a series of recent
news releases. The latest was our news release dated December 3, 2020 which reported g old
mineralization in all 17 samples collected from vein No 18 with assay results ranging from 1.22 to 3,955
2
g/t gold over widths ranging from 0.04 to 0.12 m thick and traced over a strike length of 114m . Assays
are pending on samples from nearby trenches M20-19 to 21 and trench M20-22 located 300 m eastward
and pending on a t least 40 additional quartz veins newly discovered in an 800 m extension of the vein
system east of trench M20 -22. Assay results are a lso pending on 600 soil samples collected between
Zone 9 and the No. 11 gold occurrence. The 2020 Menneval exploration program is supported in part by
a $30,000 contribution to the Menneval gold project under the New Brunswick Junior Mining Assistance
Program.
The expanded Menneval gold project is now comprised of 480 claim units covering 10,460 hectares
located in northwestern New Brunswick . The Company holds a 100% interest i n the Menneval claims
with the exception of 4 claim units covering 105 hectares that 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.
Mount Victor Gold Project: The Company completed a trenching program on its Mount Victor gold
project to test two mineral occurrences discovered in preliminary prospecting by SLAM. The Company
also completed prospecting and soil geochemistry on its wholly -owned properties located in central
New Brunswick and i n the vicinity of Clarence Stream where Galway Gold Inc. has reported successful
gold drilling results in southern New Brunswick. Assays are pending on approximately 100 rock samples
and 400 soil samples collected from these properties located in southern and central New Br unswick
during the 2020 exploration season.
Mount Uniacke Gold Project: A professional geologist completed a site visit on behalf of the Company
to the Uniacke gold project locate d 100 km west of the Moose River gold mine operated by St. Barbara
Mining Corp. in the Meguma gold district of Nova Scotia. Gold assays are pending on 7 samples collected
from the rock dumps found in the vicinity of historic gold mine workings at Uniacke.
About SLAM Exploration Ltd:
SLAM is a project-generating resource company with a portfolio of gold, silver and base metal properties
in New Brunswick, Nova Scotia and Ontario. The main corporate focus is on the Menneval gold project in
northern New Brunswick and this will continue to be the focus for 2021. The Company owns the Birch
Lake gold-silver project and the Lewis Brook silver project in central New Brunswick . With a number of
gold projects including Mount Victor , the Company is actively involved in the evolving southern New
Brunswick gold play where Galway Gold Inc. has reported successful gold drilling results at Clarence
Stream. The Company owns the Uniacke gold project comprising 2 claims held under an option
agreement and one claim staked by the Company and located in Nova Scotia. 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.
QA-QC - Sampling Procedures
Grab samples were collected from rubble excavated from a trench by previous workers. The samples
were tagged and shipped to ALS Geochemistry in Moncton New Brunswick . The samples ranged from
0.74kg to 1.81kg in weight. All samples were analyzed for gold analysis using Au -A23, a fire assay with
AAS finish. Four samples were analyzed for ore -grade silver, cobalt, copper, lead and zinc using ICP -AES
3
with aqua regia diges tion(ALS code OG -46). Two samples over the 20% limit for lead were re-analysed
by titration(ALS code Pb-VOL70).
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified
person as defined by National Instrument 43 -101, approves the technical information contained 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 materiall y 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