SLAM Exploration Intersects New Discovery Of Massive Sulphide Mineralization at Goodwin Copper-Nickel-Cobalt Project Three holes cutting sulphide intervals in new discovery area 2,000 meters northwest of the Logan zone; Drilling paused for mid-summer break, set to resume next week.
TSXV: SXL
OTCQB: SXLXF
SLAM Exploration Intersects New Discovery Of Massive Sulphide
Mineralization at Goodwin Copper-Nickel-Cobalt Project
Three holes cutting sulphide intervals in new discovery area 2,000 meters northwest of the Logan
zone; Drilling paused for mid-summer break, set to resume next week.
Miramichi, New Brunswick –August 27, 2026 – SLAM Exploration Ltd. (TSXV: SXL, OTCQB: SXLXF)
(“SLAM” or the “Company”) is pleased to report a new mineral discovery from diamond drill hole GW26-
36 on its 100%-owned Goodwin copper-nickel-cobalt project in the Bathurst Mining Camp, New
Brunswick. Located 2,000 meters northwest of the Logan zone, Hole GW26-36 intersected a 67.4 meter
core interval of sulphide mineralization associated with a VTEM plate model. Sulphide mineralization
was also cored in holes GW26-37 and in GW26-38.
Highlights
● GW26-36 intersected a 67.4-metre zone of sustained pyrrhotite-chalcopyrite mineralization
from 124.4 m to 191.8 m, hosting multiple discrete massive sulphide intervals, including 126.5–
128.6 m, 140.7–142.0 m, 142.35–142.4 m, 144.5–144.7 m, 151.0–151.7 m and 166.3–167.5 m,
with semi-massive sulphide at 157–158 m and 165.4–166.3 m.
● GW26-37 intersected a discrete massive sulphide interval at 162.5–162.9 m, within a broader
disseminated mineralized envelope.
● GW26-38, the deepest hole of the program at 338 m, cored a chalcopyrite-bearing interval at
158.2–160.2 meters and a netted-texture chalcopyrite-bearing sulphide interval from 269.6 m to
272.8 m, along with a further
● All three holes remain open to interpretation pending assay results. Mineralization described in
this release is based on visual observations made during core logging and has not been
confirmed by assay.
The drill is currently on a scheduled two -week break and is expected to and is expected to resume next
week to complete the 2026 diamond drilling campaign.
Table 1: Summary of Selected Massive and Semi-Massive Sulphide Intervals
Hole Interval Result
GW26-36 124.4 – 191.8 m Broad zone of sustained pyrrhotite-chalcopyrite
mineralization hosting multiple massive sulphide intervals
GW26-36 incl. 140.7 – 142.0 m Massive sulphide
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GW26-36 incl. 142.35 – 142.4 m Massive sulphide
GW26-36 incl. 151.0 – 151.7 m Massive sulphide
GW26-37 162.5 – 162.9 m Massive sulphide
GW26-38 269.6 – 272.8 m Netted-texture pyrrhotite-chalcopyrite mineralization
Note: Sulphide textures and intervals described are based on visual observations made during core logging and have not been
confirmed by assay. True widths have not yet been determined. See "Qualified Person" and "Cautionary Statement" below.
Hole GW26-36
GW26-36 was collared at azimuth 225°, dipped at -80°, and completed to a depth of 212 m between July
28 and July 31, 2026. The hole intersected a near-surface semi-massive sulphide interval from 12.4 m to
12.75 m within a broader zone of blebby to disseminated pyrrhotite mineralization from 10.8 m to 12.4
m, before returning to weaker disseminated mineralization through the intermediate portion of the
hole. The most significant results came from 124.4 m to 191.8 m, where sustained pyrrhotite-
chalcopyrite mineralization intensified into several massive sulphide intervals, the strongest being at
142.35–142.4 m. Mineralization in this zone terminates at a coarse-grained to fine-grained gabbro
contact at 191.8 m.
Hole GW26-37
GW26-37 was collared at a nominal dip of -50° (down-hole surveys of -49.81° to -47.62°) and completed
to 286 m between July 29 and August 5, 2026. Disseminated pyrrhotite mineralization was logged
intermittently from 37 m to 195.7 m, with the interval culminating in a discrete massive sulphide zone at
162.5–162.9 m, predominately pyrrhotite. A zone of finely disseminated to locally netted-textured
mineralization was also logged from 174.5 m to 195.7 m.
Hole GW26-38
GW26-38, the deepest hole drilled to date at Goodwin, was collared at -50° and completed to 338 m
between July 29 and August 12, 2026. The hole intersected a long interval of fine, weakly disseminated
pyrrhotite mineralization from 46.2 m to 171.5 m, with trace chalcopyrite and pyrite, including a
chalcopyrite-enriched interval at 158.2–160.2 m. At depth, the hole returned its strongest result: a
netted-texture pyrrhotite-chalcopyrite zone from 269.6 m to 272.8 m, with a further zone of netted to
blebby mineralization logged at 281.9–282.6 m.
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Netted-texture sulphide mineralization in gabbro core from approximately 260–271 m depth, Goodwin drill program, Bathurst
Mining Camp, NB.
Core box from approximately 272 m depth, corresponding to the netted-texture mineralized interval in hole GW26-38.
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Program Update
The Goodwin 2026 diamond drilling program is currently on a scheduled two-week break. Drilling is
expected to resume next week and continue through completion of the planned 7,000-metre campaign.
Samples from GW26-36, GW26-37 and GW26-38 have been submitted for analysis, and the Company
will report assay results as they are received and reviewed.
NBJMAP Grant Of $60,000
SLAM Exploration Ltd. has been awarded a grant of $60,000 by the Province Of New Brunswick in support of the
2026 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. The Company wishes to thank the
Province for its continued support and recognition of the strategic mineral potential at Goodwin.
Sampling and QA/QC Procedures
A total of 992 core samples have been collected from the 12 completed holes (GW26-26 through GW26-38,
excluding the abandoned GW26-35) and submitted for multi-element assay. Quality control samples, comprising
certified reference standards and blanks, were inserted at regular intervals in accordance with industry-standard
protocols. All samples were collected, labelled and sealed by SLAM field personnel. Core is stored securely at the
Company's core logging facility in Bathurst. Assay results will be reported in subsequent news releases as they are
received.
About the Goodwin Project
The Goodwin copper-nickel-cobalt project covers 14,000 hectares (35,000 acres) in the mineral-rich Bathurst
Mining Camp (“BMC”) of New Brunswick, Canada. Background on the VTEM survey, target generation and the
design of the current 7,000 meter program is set out in the Company's news releases dated June 1 and June 17, 2026.
Significant historical intercepts on the property include a 64.90 meter core interval grading 2.19% Cu-Eq, including
3.84% Cu-Eq over a 31.20 meter core interval, from hole GW24-02, as reported in a news release dated August 7,
2024.
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. The portfolio is built around the Goodwin Copper Nickel
Cobalt project in the Bathurst Mining Camp (“BMC”) of New Brunswick. The Company also holds the Jake Lee
gold project, where a new gold vein discovered in 2025 has returned up to 40.5 g/t gold and 63.30 g/t silver from
channel samples, and the Menneval gold project, where a soil anomaly measuring approximately 3,000 by 2,500
meters has returned gold-bearing samples up to 0.683 g/t gold.
SLAM is a project generator and expects to receive further cash and share payments in 2026. In 2025, the Company
received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) pursuant to the Wedge project agreement,
and a cash payment of $60,000 plus 180,000 shares of a private company pursuant to the Ramsay gold agreement.
The Company holds NSR royalties and expects additional cash and share payments on both the Wedge copper-zinc
project and the Ramsay gold project.
To view SLAM's corporate presentation, click here. Additional information is available on SLAM's website and on
SEDAR+ at www.sedarplus.ca. Follow SLAM on X @SLAMGold, and join the Company newsletter
here to receive timely company updates and news releases.
Qualifying Statement
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
506-623-8960 · [email protected]
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Jimmy Gravel, Vice-President
902-273-2387 · [email protected]
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, and are often
identified by words such as “expects,” “plans,” “anticipates,” “believes,” “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 Goodwin copper-nickel-cobalt project; the interpretation of geological, geochemical
and geophysical data; the identification and prioritization of exploration targets; the anticipated receipt and
significance of pending assay results; the continuity and extent of mineralized structures; 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 that historical exploration results 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, including 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.