Slam Launches Diamond Drilling Program Drilling FOR Copper and Nickel IN the Bathurst Mining CAMP
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TSXV: SXL
SLAM LAUNCHES DIAMOND DRILLING PROGRAM
DRILLING FOR COPPER AND NICKEL IN THE BATHURST MINING
CAMP
For Immediate Release, June 18th, 2024
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV-SXL) is pleased to announce it
has mobilized a drilling rig and crew for a 500 meter drilling program on its wholly owned
Goodwin Project in the Bathurst Mining Camp (BMC) of New Brunswick . The first hole is
designed to test the Granges zone where previous workers drilled copper nickel intercepts up to
5.7 meters grading 1.79% copper plus 1.51% nickel . The Goodwin P roject is located 5
kilometers southwest of the Half Mile copper zinc silver deposit owned by Trevali Mining
Corporation in the BMC.
Goodwin Project Highlights: The Project is host to the Granges zone where p revious workers
cored a 5.7 meter interval grading 1.79% copper plus 1.51% nickel in diamond drill hole GR87-
55. The core length in meters may not equal the true width of this interval . Prior to the Granges
discovery in 1987, two additional c opper nickel occurrences named the Farquharson zone and
the Logan zone had been discovered in drilling programs dating back to 1960.
The Goodwin Project consists of 8 original claims plus 5 recently optioned claims that combine
for 159 units that cover 3,474 hectares of prospective mineral ground. The project is underlain by
the Goodwin Lake gabbro, a 6,500 meter long body of intrusive rocks hosting the 3 copper
nickel occurrences referenced above. Permits are in place for a trenching and drilling program to
test for copper nickel mineralization as well as gold and platinum group metals. The Goodwin
project is accessible by logging roads from the Fraser Burchill road off Route 430 which
connects to the city of Miramichi 90 kilometers to the southeast.
QA-QC Procedures : The results described above are from news releases and reports that
predate NI43-101 regulations. The numbers can only be validated by additional drilling but the
Company deems these results to be useful to plan additional drilling.
About SLAM Exploration Ltd: SLAM Exploration Ltd. a public resource company with a
large portfolio of mineral claim holdings built around its wholly owned Menneval gold project in
the mineral -rich province of New Brunswick. SLAM has discovered multiple gold veins at
Menneval and previously reported gold bearing core intervals including 162.5 g/t gold over 0.2
m and 56.90 g/t gold over 0.5 m (news releases December 13, 2021 and November 22, 2022).
The Company reported quartz float grading up to 39.2 g/t gold on its Jake Lee project in the
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vicinity of the Clarence Stream gold deposit where Galway Metals Inc. is working on a 2.3 M
ounce gold deposit in southern New Brunswick.
The Company holds the Goodwin copper nickel P roject and the Mine Road VMS copper zinc
silver project in the mineral rich Bathurst Mining Camp of New Brunswick. Previous workers
discovered 3 copper nickel occurrences at Goodwin. Mineralized core intercepts were drilled
including 1.79% copper plus 1.51% nickel over 5.7 meters in diamond drill hole GR89-55 on the
Goodwin project.
Successful diamond drill holes by previous workers include IL2014- 003 with a 9- meter core
interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver on the Railroad
zone at Mine Road. The Railroad zone is 7,000 m east of the 20 M tonne former producing
Heath Steele B Zone.
The Company is a project generator and has received significant cash and share payments over
the last 6 months as follows; $150,000 cash and 50,000 shares from S2 Minerals Inc. (STWO) on
December 19, 2023 pursuant to the Reserve Creek gold agreement; 534,000 shares and 333,000
warrants (exercisable at $0.01) issued by Nine Mile Metals Inc. (NINE) on March 01, 2024
pursuant to the Wedge project agreement and $25,000 cash plus 2,500,000 shares of Lode Gold
Resources Inc. (LOD) pursuant to the Ramsay gold agreement. The Company holds NSR
royalties and expects additional cash and share payments on the Wedge copper zinc project and
on the Ramsay, Reserve Creek and Opikeigen gold projects.
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.
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.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 [email protected]
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Eugene Beukman, CFO
Contact: 604-687-2038 [email protected] SEDAR+: 00012459