Slam Drills Copper Bearing Zone at Goodwin Drilling Copper and Nickel IN the Bathurst Mining CAMP
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TSXV: SXL
SLAM DRILLS COPPER BEARING ZONE AT
GOODWIN
DRILLING COPPER AND NICKEL IN THE BATHURST MINING CAMP
For Immediate Release, June 21st, 2024
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV-SXL) is pleased to report
preliminary results from the first hole (GW24 -01) drilled on its wholly owned Goodwin Project
in the Bathurst Mining Camp (BMC) of New Brunswick . The Goodwin P roject is located 5
kilometers southwest of the Half Mile copper zinc silver deposit owned by Trevali Mining
Corporation in the BMC.
Hole GW24 -01 was drilled at a dip of 50 o toward azimuth 060 to a depth of 80 meters. The
highlight of the hole is an 8.50 meter core interval containing 50% pyrrhotite with copper
mineralization (chalcopyrite) . This copper -bearing interval occurs within a zone of variable
mineralization from 24.85 meters to 59.40 meters. Previous workers have shown that pyrrhotite
commonly contains nickel at Goodwin. The summary log reads as follows:
Interval Meters Description Mineralization
0.00 - 4.50 Casing
4.50-24.85 Siliceous breccia Minor pyrrhotite
24.85-25.25 Mineral zone 50% pyrrhotite with chalcopyrite (copper)
25.25-28.00 Siliceous breccia 5% pyrrhotite with minor chalcopyrite
28.00-36.50 Mineral zone 50% pyrrhotite with chalcopyrite
36.50-59.40 Mineralized breccia/gabbro 5% pyrrhotite with minor chalcopyrite
47.70-48.45 Granodiorite Felsic dyke
59.40-80.00 Gabbro 3% pyrrhotite blebs
The core has been delivered to a secure facility in Bathurst New Brunswick for detailed logging
and sampling.
Goodwin Project Highlights: Logging and sampling are in progress on diamond drill hole
GW24-01 as drilling continues on hole GW24 -02. Hole GW-24-02 is testing the depth potential
of the mineral zone intersected in the first hole. Both holes are testing the Granges zone where
previous workers cored a 5.7 meter interval grading 1.79% copper plus 1.51% nickel in diamond
drill hole GR87-55. The core length in meters may not equal the true width of this interval. Prior
to the Granges discovery in 1987, two additional c opper nickel occurrences named the
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Farquharson zone and the Logan zone had been discovered in drillin g programs dating back to
1960.
The Goodwin Project consists of 8 original claims plus 5 recently optioned claims that combine
for 159 units that cover 3,474 hectares of prospective mineral ground. The project is underlain by
the Goo dwin Lake gabbro, a 6, 500 meter long body of intrusive rocks hosting the 3 copper
nickel occurrences referenced above. Permits are in place for a trenching and drilling program to
test for copper nickel mineralization as well as gold and platinum group metals. The Goodwin
project is accessible by log ging roads from the Fraser Burchill road off Route 430 which
connects to the city of Miramichi 90 kilometers to the southeast.
QA-QC Procedures : The results described above are from news releases and reports that
predate NI43-101 regulations. The numbers can only be validated by additional drilling but the
Company deems these results to be useful to plan additional drilling . The core descriptions and
the summary log for hole GW24-01 are based on visual observations of the core.
About SLAM Exploration Ltd: SLAM Exploration Ltd. a public resource company with a
large portfolio of mineral claim holdings built around its wholly owned Menneval gold project in
the mineral -rich province of New Brunswick. SLAM has discovered multiple gold veins at
Menneval and prev iously reported gold bearing core intervals including 162.5 g/t gold over 0.2
m and 56.90 g/t gold over 0.5 m (news releases December 13, 2021 and November 22, 2022).
The Company reported quartz float grading up to 39.2 g/t gold on its Jake Lee project in the
vicinity of the Clarence Stream gold deposit where Galway Metals Inc. is working on a 2.3 M
ounce gold deposit in southern New Brunswick.
The Company holds the Goodwin copper nickel project and the Mine Road VMS copper zinc
silver project in the miner al rich Bathurst Mining Camp of New Brunswick. Previous workers
discovered 3 copper nickel occurrences at Goodwin. Mineralized core intercepts were drilled
including 1.79% copper plus 1.51% nickel over 5.7 meters in diamond drill hole GR89-55 on the
Goodwin project.
Successful diamond drill holes by previous workers include IL2014 -003 with a 9 -meter core
interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver on the Railroad
zone at Mine Road. (Doe Run Canadian Exploration ULC ; 2015, New Brunswick Assessment
Files, Report of Work 477877), The Railroad zone is 7,000 m east of the 20 M tonne former
producing Heath Steele B Zone.
The Company is a project generator and has received significant cash and share payments over
the last 6 months as follows; $150,000 cash and 50,000 shares from S2 Minerals Inc. (STWO) on
December 19, 2023 pursuant to the Reserve Creek gold agreement; 534,000 shares and 333,000
warrants (exercisable at $0.01) issued by Nine Mile Metals Inc. (NINE) on March 01, 2024
pursuant to the Wedge project agreement and $25,000 cash plus 2,500,000 shares of Lode Gold
Resources Inc. (LOD) pursuant to the Ramsay gold agreement. The Company holds NSR
royalties and expects additional cash and share payments on the Wedge co pper zinc project and
on the Ramsay, Reserve Creek and Opikeigen gold projects.
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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.
Certain information in this press release may constitute forward -looking info rmation, including statements
regarding mineral resources and the Company’s plans with respect to the exploration and development of its
properties. This information is based on current 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 dif fer 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. Informat ion identifying risks and uncertainties is contained in the
Company's filings with the Canadian securities regulators, which filings 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+: 00012459