SLAM LAUNCHES AIRBORNE VTEM SURVEY – GEOTECH FLYING OVER GOODWIN COPPER NICKEL COBALT PROJECT Expanding Gold and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada
TSXV: SXL
SLAM LAUNCHES AIRBORNE VTEM SURVEY –
GEOTECH FLYING OVER GOODWIN COPPER
NICKEL COBALT PROJECT
Expanding Gold and Critical Elements in the Mineral-Rich Province of New Brunswick,
Canada
For Release 7:23 EST, January 23, 2026
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is
pleased to report that it has commenced a VTEM™-Plus airborne electromagnetic survey over the Goodwin
copper-nickel-cobalt project in the mineral rich province of New Brunswick. The Company expects the
VTEM survey to help identify potential ovoid-type copper -nickel-cobalt deposits associated with deep -
seated magmatic chambers, as well as potential extensions of the Farqharson, Granges, Logan and Bruce
copper-nickel-cobalt zones. The Company has selected Geotech Ltd, a global leader in airborne geophysical
technology, to complete an 852 kilometer survey at an estimated cost of $275,000.
THE VTEM Survey is a follow -up to Slam’s 25 hole diamond drilling campaign completed in 2024 and
2025. The proposed survey outline is shown in Figure 1:
Figure 1: Proposed Goodwin VTEM Survey Area
Final assays have been received from the 2025 drilling campaign , following the 2024 campaign results
previously reported. Highlights from the 2024 program included 15 holes, with results including a 64.90
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meter core interval grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% copper equivalent (“Cu-
Eq”) over 31.20 meters in hole GW24-02, as reported in a news release dated August 7, 2024. Significant
gold values were also reported, including up to 3.31 grams per tonne over 0.5m in hole GW24-01.
The 2025 results are summarized in the following table:
Hole
ID
From
m
To
m
Length
m
Copper
%
Nickel
%
Cobalt
%
Recovered*
Cu-Eq%
GW2516 10.63 11.15 0.52 1.90 1.36 0.12 4.30
GW2516 72.00 73.00 1.00 1.44 0.30 0.02 2.04
GW2516 77.50 80.68 3.18 0.39 0.81 0.05 1.70
GW2516 69.50 80.68 11.18 0.45 0.36 0.03 1.16
GW2516 124.50 129.00 4.50 0.97 0.96 0.07 2.65
GW2517 98.00 146.00 48.00 0.44 0.37 0.04 2.52
GW2517 160.40 165.50 5.10 0.51 0.17 0.02 1.15
GW2518 46.75 62.50 15.75 0.56 0.10 0.01 1.01
GW2518 103.90 117.40 13.50 0.50 0.11 0.01 0.73
GW2519 76.10 150.90 74.80 0.37 0.38 0.05 0.67
GW2520 85.70 160.60 74.90 0.35 0.24 0.03 0.63
GW2521 55.50 101.50 46.00 0.30 0.23 0.03 1.08
GW2522 199.90 200.30 0.40 0.35 0.07 0.01 1.14
GW2523 62.00 67.00 5.00 0.48 0.51 0.05 1.00
GW2524 173.40 267.50 94.10 0.21 0.23 0.02 0.61
GW2525 184.25 186.35 2.10 0.18 0.25 0.03 0.56
*The recovered Cu-Eq grades are based upon data from Daily Metal Price and are based upon an assumed
recovery rate of 90%.
The Company completed 10 holes for a total of 2944 meters of diamond drilling in 2025. The coordinates
and other collar data are summarized in the following table.
Hole_ID E_UTM N_UTM Elev Az Dip Core Size Length_m
GW2415 697230 5239320 407 60 -50 NQ 341
GW2516 697208 5238922 447 115 -70 NQ 308
GW2517 698053 5238576 490 45 -70 NQ 452
GW2518 698036 5238616 483 42 -70 NQ 170
GW2519 698094 5238571 501 44 -65 NQ 191
GW2520 698125 5238543 495 44 -65 NQ 188
GW2521 698171 5238542 495 44 -65 NQ 152
GW2522 698011 5238503 517 43 -65 NQ 455
GW2523 698333 5238556 503 220 -50 NQ 104
GW2524 698364 5238591 507 220 -50 NQ 314
GW2525 698396 5238563 508 220 -50 NQ 269
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QA-QC Procedures: Core was collected from the drill in trays and delivered to a secure logging facility
in Bathurst, New Brunswick. After logging, samples were sawn using a diamond blade. Sawn half -core
samples were numbered, collected in bags, tagged and delivered to Activation Laboratories Ltd. (“Actlabs”)
in Fredericton. Actlabs completed multi-element analysis using assay method UT7. Samples returning over-
limit results (greater than 1%) for the UT7 are re-analyzed using method 8-AR. Blanks and standards are
included in each sample series.
Options Granted:
SLAM’s board of directors has approved the grant of incentive stock options ( "Options") to directors,
officers, employees and consultants to acquire a total of 3 ,100,000 common shares in the capital of the
Company at an exercise price of $0.08. The Options were granted pursuant to the Company's 10% rolling
stock option plan (the "Plan") and are subject to the terms of the Plan and the requirements of the TSX
Venture Exchange. The Options are exercisable for a three-year term and expire on January 23, 2029.
Jake Lee Project Update
Assays are pending on 700 soil samples collected from the vicinity of the No. 1 gold vein on SLAM’s
wholly-owned Jake Lee claims. Three channel samples from the No. 1 vein assayed 31.3 g/t gold, 12.3 g/t
gold and 40.5 g/t gold along with 63.30 g/t silver, 23.2 g/t silver and 25.1 g/t silver respectively as reported
by news release January 14, 2026.
The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway
Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of
2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold.
(Reference: “Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada,
by SLR Consulting (Canada) Ltd., March 31, 2022”).
Historic Menneval Results
SLAM previously reported gold bearing core intervals from the Maisie vein, including 162.5 g/t gold over
0.2 m and 56.90 g/t gold over 0.5 m, in news releases dated December 13, 2021 and November 22, 2022.
The Company also reported a core interval grading 3,955 g/t (127oz) gold over 0.1m from the No. 18 vein.
The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring
approximately 3,000 meters by 2,500 meters.
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. This
portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (“BMC”)
of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin
copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15
diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading
2.19% Cu-Eq (copper -nickel-cobalt), including 3.84% Cu -Eq over a 31.20 meter core interval from hole
GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up
to 3.31 grams per tonne over 0.5m in hole GW24-01.
The Company is a project generator and expects to receive significant cash and share payments in 2026.
SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the
Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as
180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR
royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and
on the Ramsay gold project.
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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. Join our company
newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM
Exploration.
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.
CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960
Jimmy Gravel, Vice-President
Contact 902-273-2387
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. Forward -looking
statements are often, but not always, 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 Harry Brook gold –antimony project; the significance of historical gold and antimony occurrences;
the interpretation of geological, geochemical, and geophysical data; the identification and prioritization of
exploration targets; the anticipated receipt and significance of pending assay results from the Jake Lee Project; the
continuity and extent of mineralized structures at Jake Lee and Menneval; 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, without limitation: that historical exploration results, mineral occurrences, 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 by such statements. These
risks and uncertainties include, without limitation: 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
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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.