SLAM IP SURVEY EXPANDS TARGET BENEATH FARQUHARSON COPPER-NICKEL-COBALT ZONE AT GOODWIN High-Resolution IP Survey Shows Potential At Depth
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TSXV: SXL
SLAM IP SURVEY EXPANDS TARGET BENEATH
FARQUHARSON COPPER-NICKEL-COBALT ZONE AT
GOODWIN
High-Resolution IP Survey Shows Potential At Depth
For Release 7:30 EST, August 21, 2025
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “Company”)
(TSXV-SXL) is pleased to announce results f or Line L3300E, the third line of an induced
polarization (“IP”) survey conducted over the Granges, Farquharson and Logan copper -nickel-
cobalt zones on its wholly owned Goodwin claims in the mineral-rich Bathurst Mining Camp of
New Brunswick. The IP survey suggests potential for extensions of all three zones at depth.
The Company has requested proposals from several drilling contractors for a 4,000 meter drilling
program on this road -accessible project. The primary objective is to expand the Granges and
Farquharson copper-nickel-cobalt zones a long strike and at depth. SLAM previously reported a
64.90-meter cor e interval grading a 1.61% copper equivalent (“CuEq”) * from 23.60 to 88.50
meters in hole GW24-02, drilled on the Granges Zone.
SLAM CEO Mike Taylor state d, “Our IP and drilling results demonstrate that the Goodwin
copper-nickel-cobalt project has the potential to contribute meaningfully to Canada’s critical
elements portfolio in the mineral-rich province of New Brunswick. Copper, nickel and cobalt are
key metals in Canada’s economic strategy for critical elements, and we expect Goodwin to play a
significant role.” The Management Committee adds “ With the outstanding IP targets identified
on the latest maps and those previously published , the Board looks forward to the drilling
campaign”.
Line L3300E crosses the Farquharson zone and passes directly over hole GW24-03, located at
1760N on this line . The Company intends to test the Farquharson Zone , where prior drilling
returned a 60.60-metre interval grading 0.90% CuEq from 72.90 to 133.50 metres in hole GW24-
03.The planned drilling program aims to identify potential higher grade mineral zones and depth
extensions of the Granges and Farquharson Zones. The Company is also planning additional IP
surveys to extend the target area.
The CuEq grades disclosed herein were calculated using an 85% recovery rate, based on assays
previously reported in Company news releases dated August 7, 2024 (hole GW24 -02) and
August 12, 2024 (GW24-03).
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Drill Results
Hole ID From To Length Copper Nickel Cobalt *Copper%
M M Meters % % % Equivalent
GW2402 23.60 88.50 64.90 0.73 0.64 0.05 1.61
GW2402 23.60 63.00 39.40 1.11 0.95 0.07 2.40
GW2403 72.90 133.50 60.60 0.39 0.35 0.04 0.90
GW2403 80.50 110.50 30.00 0.45 0.44 0.05 1.12
Metal $US/lb
Copper** $ 4.47
Nickel** $ 6.89
Cobalt** $ 15.12
*CuEq calculated using 85% recovery for copper and nickel.
**Copper equivalent calculated from metal prices posted August 18th, 2025 on Daily Metal
Price
Chargeabilities of up to the 995 mV/V define deep targets on Line L3300E below the
Farquharson zone . These chargeability anomalies are associated with resistivity lows at depth
and to the north (north is to the right on Figure 1). Figure 1 also shows the Farquharson zone
core intercepts for diamond drill hole GW24 -03 and GW24 -04, both of which are located on
L3300E.
Figure 1 - Goodwin IP Line 3300E: Chargeability, Resistivity and Inversion Models
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About Jake Lee Gold : As previously reported in the Company’s news release dated July 9,
2025, eight grab samples collected from a bedrock vein in Trench JT25 -01 returned gold assay
values ranging from 7.42 g rams per tonne (“g /t”) to 94.80 g/t. Assays are pending on additional
samples collected from the same area.
About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly traded resource company
with a 40,000-hectare portfolio of mineral claim holdings in the mineral -rich province of New
Brunswick. The Company commenced its 2025 exploration season with a new bedrock gold
discovery on its Jake Lee Gold Project, reporting four samples grading between 18.50 g/t and
75.90 g/t gold (see news release dated May 20, 2025 ), followed by eight samples ranging from
7.42 g/t to 94.80 g/t ( see news release dated July 9, 2025).
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The Company intends to resume its 2025 exploration program on the Goodwin copper-nickel-
cobalt project as soon as the fire season ends and the roads open . The Company plans additional
IP and diamond drilling to test three mineral zones where SLAM completed 15 diamond drill
holes in 2024. The 20 24 program included drill hole GW24 -02 on the Granges Zone with a
64.90-meter core interval grading 1.61% CuEq, from 23.60 meters to 88.50 meters (CuEq
calculated using an 85% recovery rate based on assay results disclosed in the Company’s news
release dated August 7, 2024).
SLAM operates as a project generator and expects to receive significant cash and share
consideration in 2025. Notably, on February 28, 2025 Slam received $9,000 in cash and
1,200,000 shares of Nine Mile Metals Inc. ( CSE:NINE) pursuant to the Wedge project
agreement. On March 29, 2025, t he Company also received a cash payment of $ 60,000 and
180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company
retains net smelter return (NSR) royalties on both projects and expects additional cash and share
payments.
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.
Forward-Looking Information:
This news release contains “forward -looking information” and “forward -looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements in this
release, other than statements of h istorical fact, are forward -looking statements and include, but are not limited to,
statements regarding: the Company’s planned exploration activities; the anticipated results and interpretation of IP
surveys, including pending results from Line L33 00E; the receipt and timing of assay results; the potential for
additional mineralized zones or depth extensions; planned exploration activities, including further geophysical
surveys and drilling programs ; the Company’s expectations regarding future payments under option or royalty
agreements; and the potential for future drilling programs.
Forward-looking statements are based on the beliefs, assumptions, and expectations of management as of the date
of this release and involve a number of known and unknown ri sks, uncertainties, and other factors. These risks and
uncertainties may cause actual results, performance, or achievements of the Company to differ materially from
those expressed or implied by such forward-looking statements. These factors include, among others, risks related to
exploration and development; the interpretation of exploration results; delays or failures in obtaining assay results;
commodity prices; market conditions; regulatory approvals; availability of financing; and other risks detailed from
time to time in the Company’s filings with Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be a s anticipated, estimated, or intended. Readers
are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof.
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Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future events, or otherwise. Additional
information identifying risks and uncertainties is available in the Company’s filings with Canadian securities
regulators, which 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
Jimmy Gravel, Vice-President
Contact: 902-273-2387
SEDAR+: 00012459E