SLAM DRILLING GOLD VEINS AT MENNEVAL Multiple Gold Veins Intersected
TSXV: SXL
SLAM DRILLING GOLD VEINS AT MENNEVAL
Multiple Gold Veins Intersected
For Immediate Release, September 29, 2022
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “ Company” on TSXV: SXL ) is
pleased to announce it has drilled 5 holes to date in a diamond drilling program on its wholly -owned
Menneval gold project located in the mineral- rich pro vince of New Brunswick, Canada. All 5 holes
intersected Zone 18 quartz veins ranging up to 0. 35 m in thickness and mineralized with fine pyrite.
Visible gold was reported in 2 of the 5 diamond drill holes. These holes are planned to test for
extensions beneath core intervals grading up to 162.5 g/t gold over 0.2 m and 56.50 g/t gold over 0.51
m associated with visible gold in holes reported by the Company on December 03, 2020 and January 20,
2021. Previously, the Company had announced multiple sites of visible gold with assays up to 3,955 g/t
gold over 0.10 m thick from trench samples reported on December 03, 2020.
The Company moved the drill to the Maisie vein after testing the No. 18 vein with the first 5 holes . The
Company is drilling the east end of the Maisie Zone where it appears to be terminated by a series of
cross faults. Several previous holes by SLAM in 2012 intersected gold-bearing quartz veins east of the
initial cross fault. SLAM expects to drill extensions of the Maisie vein in the vicinity of these faults. The
sinistral movement on thes e faults is a feature common to gold -bearing vein systems. For additional
information and maps, please visit the following page on the Company’s website: Menneval Gold Project
or call Mike Taylor 506-623-8960.
$30,000 NBJMAP Grant: The Menneval drilling program is supported in part by a grant of $ 30,000
under the New Brunswick Junior Mining Assistance Program (“NBJMAP”). The Company wishes to thank
the Province for its continued recognition of the Menneval project and its importance to the emerging
gold industry in New Brunswick.
The Menneval Project: The Company is drilling 10 to 12 h oles and has already intersected multiple gold
veins on its flagship Menneval Gold project . The property is comprised of 351 mineral claim units
covering 7589 hectares located in northwestern New Brunswick. The Company holds a 100% interest i n
these 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.
About SLAM Exploration Ltd:
SLAM is a project-generating resource company focused on is its flagship Menneval Gold. The Company
owns the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Puma
Exploration Ltd. gold discovery at Williams Brook on the Millstream Break in southern New Brunswick.
SLAM also owns the Jake Lee, Mount Victor and Little Mount Pleasant gold properties on the flanks of
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the Sawyer Brook and Wheaton Bay faults in the vicinity of Galway Metal’s Clarence stream gold
deposit. SLAM owns the Keezhik and Miminiska gold projects in Ontario and the Mount Uniacke gold
project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathu rst Mining
Camp (“BMC”) that is subject to an option agreement . SLAM holds NSR royalties on the Superjack, Nash
Creek and Coulee zinc-lead-copper-silver properties in the BMC.
The Company has generated cash from the sale of securities received from mineral property option
agreements with other companies and has sufficient funds for the work currently in progress. 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 Procedures: Drill core was picked up at the core at the drill site and delivered to a secure facility
for logging by SLAM’s professional team. Selected core is being marked for sampling and for sawing. The
company inserts blanks and standard s at regular intervals into the sample series. Samples will be sent
either to AGAT Laboratories (“AGAT”) or to ALS Geochemistry(“ALS”) for gold analysis under analytical
code 202-051 for AGAT and code Au -AA23 for ALS. Sample above 10 g/t gold w ill be re -analyzed using
gravimetric methods.
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. Ther e 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