Slam Identifies 20 Km GOLD and Copper Trend Assays up to 31.5 G/T GOLD and 3.39% Copper
TSXV: SXL
SLAM IDENTIFIES 20 KM GOLD AND COPPER
TREND
ASSAYS UP TO 31.5 G/T GOLD AND 3.39% COPPER
For Release 11:00 AM EST, August 31, 2023
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV-SXL) (“SLAM” or the
“Company”) is pleased to announce it has identified a 20 kilometre (km) trend of gold and copper
mineralization associated with volcanic and intrusive rocks on the Shadow Lake gold project
located 30 km west of Saint John, New Brunswick. (The “Property”).
The Company has received assays grading up to 3.39% copper and 0.17% molybdenum for grab
samples that were collected from a breccia zone during a follow-up visit to the Shadow Lake gold
project. This copper-molybdenum breccia zone is located 2,000 metres northwest of the LLP vein
where Company geologists had reported visible gold in 2 grab samples. These 2 samples returned
assays of 31.50 g/t gold and 9.93 g/t gold respectively. Previous workers traced this vein over a
strike length of 150 metres and reported grab samples up to 54.9 g/t gold. In addition, they reported
grab samples grading up to 70.4 g/t gold at one of six gold occurrences approximately 15
kilometres east of the LLP vein. Assays are pending on 250 soil samples collected in the vicinity
of these gold occurrences.
SLAM President Mike Taylor states , “This area has seen very little previous exploration and t he
Company plans to further delineate the size of these discoveries.”
The Shadow Lake Gold Project: The Property comprises 6 claims covering 3782 hectares along
a 20 kilometre stretch of granitic and sedimentary rocks associated with the Fundy fault zone. The
Fundy fault zone is the name for a series of regional fault structures cutting through SLAM’s
Shadow Lake , Rogers Lake , Jake Lee and Highway claim groups. The discovery of gold
mineralization in the vicinity of these faults is similar to recent gold discoveries by Newfound
Gold Corp. (TSXV-NFG) along the Appleton and JBP faults as well as other structures in
Newfoundland.
About SLAM Exploration Ltd:
Exploration for gold along regional fault structures has resulted in significant gold discoveries in
the mineral -rich province of New Brunswick. These include the Maisie gold vein system at
SLAMs wholly owned Menneval project. With gold and copper trends up to 20 km long, SLAM
has identified an area with high potential for additional gold discoveries and acquired the Shadow
2
Lake, Jake Lee, Rogers Lake and Highway projects. Gold assays are pending on 250 soil samples
collected in the vicinity of the Shadow Lake gold occurrences. These projects are associated with
the Fundy fault zone and located in southwestern New Brunswick where Galway Metals recently
announced a 2.3-million-ounce gold deposit at Clarence stream. Targeting critical elements as well
as gold, the Company aggressively pursues new exploration opportunities such as the recently
staked Highway project with has know n occurrences of cobalt, copper, zinc and silver as well as
gold. The Company is evaluating the Cumberland Bay rare earth element (REE) project in central
New Brunswick.
To view SLAM’s corporate presentation, click SXL-Presentation. Additional information is
available on SLAMs website SLAM and SEDAR+ filings at www.sedarplus.ca . Follow us on
twitter @SLAMGold.
QA-QC Procedures: Grab samples were collected and delivered to ALS Chemex in Moncton,
New Brunswick. The samples were prepared according to ALS code Prep 31B and were analyzed
for gold using standard fire assay (30 gram) with AAS finish according to ALS code Au- AA23.
Samples over the 10 g/t limit for the AAS method were analyzed by fire assay with a gravimetric
finish. Selected samples were analyzed for multiple elements including copper and molybdenum
using ICP method ME-ICP-41.
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 information, 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
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