SLAM DRILLS GOLD VEINS AT MENNEVAL Visible Gold In Four Holes – Assays Pending
TSXV: SXL
SLAM DRILLS GOLD VEINS AT MENNEVAL
Visible Gold In Four Holes – Assays Pending
For Immediate Release, October 17, 2022
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“ SLAM” or the “ Company” on TSXV: SXL ) is
pleased to announce visible gold occurs in core samples sawn from four (4) of the eleven (11) diamond
drill holes in a 646 m (metre) program completed on its wholly-owned Menneval gold project located in
New Brunswick, Canada. Ten (10) of the eleven (11) holes intersected quartz veins mineralized with fine
pyrite, limonite and/or goethite over core lengths ranging from 0.10 m to 2.30 m. Assays are pending on
113 samples submitted for gold assay.
The Company drilled five (5) holes on Zone 18 and six (6) holes on the Maisie vein. All five (5) of the Zone
18 holes intersected quartz veins over core lengths ranging from 0.10 to 0.35 m. These holes were
drilled in the vicinity of previously drilled intervals with visible gold reported and grad es ranging up to
162.5 g/t gold (grams/tonne gold) over 0.2 m and 56.50 g/t gold over 0.51 m associated at Zone 18 as
reported by the Company on December 03, 2020 and January 20, 2021.
Five (5) of the six (6) Maisie zone drill holes intersected quartz and quartz- siderite veins over core
lengths ranging from 0.30 m to 2.3 0 m. These veins are mineralized with pyrite, limonite and goethite
and visible gold occurs in two (2) of the holes. 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 emer ging
gold industry in New Brunswick.
The Menneval Project: Assays are pending on 113 samples of sawn core from the 11 hole diamond
drilling program at SLAMs 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%
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interest in 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 th e 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
the Sawyer Brook and Wheato n 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 Bathurst 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. Se lected core was marked for sampling and for sawing. The
company inserted blanks and standards at regular intervals into the sample series. Samples were sent to
AGAT Laboratories (“AGAT”) for gold analysis under AGAT analytical code 202 -051. Samples above 1 0
g/t gold will 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 th is
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 dev elopment 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 materially from results suggested in any forward-
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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