SLAM Launches Zinc-Lead-Silver Program Exploration Underway At Lower 44
SLAM Launches Zinc-Lead-Silver Program
Exploration Underway At Lower 44
MIRAMICHI, NB
,
June 19, 2017
/CNW/ -
SLAM Exploration Ltd. (TSXV: SXL)
("
SLAM
" or the "
Company
") is pleased to announce it
has mobilized an excavator to its Lower 44 property located in the Bathurst Mining Camp ("BMC") of
New Brunswick
, Canada. The location is
20 km west of the former producing Brunswick No. 12 mine owned by Glencore and 18 km south of the Caribou mine owned and operated by
Trevali Mining Corp. The property is host to 4 volcanogenic massive sulphide ("VMS") occurrences including the former Wedge copper mine, the
West Wedge zone, the
Essex
zone and the Tribag zone.
The excavator will dig for zinc-lead-silver mineralization in a series of trenches designed to test the strike extent of the West Wedge zone, the
Essex
zone and the Tribag zone. The trenching program is designed to expand upon positive drilling results by previous workers. The best drilling
intercept to date is a 3.8 m core length grading 12.9% zinc, 5.35% lead, 0.78% copper, 70.6 g/tonne silver and 1.37 g/t gold reported from the
West Wedge zone in 1983. The program will start from the known mineral occurrences and test for potential extensions indicated by soil
geochemical anomalies and airborne geophysical conductors. These targets all occur within multiple fold repetitions of favourable strata that
extend westward from the Wedge mine.
Joint Venture/Earn-In Opportunity
: SLAM has a portfolio of zinc-lead-silver properties available for joint venture or earn-in agreements in the
Bathurst Mining Camp of New Brunswick. These include Lower 44, Connector, Costigan and other properties with mineral potential
demonstrated by previous drilling results as well as airborne and ground geophysical and geochemical surveys. For additional information, call
Mike Taylor
506-623-8960.
About SLAM Exploration Ltd:
SLAM is a project generating Resource Company with a portfolio of gold, base metal and lithium projects in the mineral-rich Province of
New
Brunswick
where SLAM's main focus is the wholly-owned Menneval gold project. SLAM holds an NSR royalty on the Superjack and
Nash
Creek
zinc
lead
copper
silver deposits and owns a portfolio of base metal properties in the Bathurst Mining Camp ("BMC"). The Company
intends to utilize its extensive BMC mineral database to explore and develop properties in this historic region of mineral potential. SLAM also
owns the
Cumberland
lithium project in southeastern New Brunswick. Other gold projects include the Reserve Creek and Miminiska gold
projects in Ontario. Additional information about SLAM and its projects is available at
www.slamexploration.com
or from SEDAR filings at
www.sedar.com
. Follow us on twitter @SLAMGold.
Qualifying Statements:
Mike Taylor
, P.Geo. President and CEO of SLAM Exploration Ltd., as the Qualified Person, approves the scientific
and technical disclosure in the news release.
Certain information in this press release may constitute forward-looking information, including statements
that address the Private
Placement, the closing of the Private Placement, future production, reserve
potential, exploration and development activities and events
or developments that the Company expects.
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.
SOURCE
SLAM EXPLORATION LTD.
View original content: http://www.newswire.ca/en/releases/archive/June2017/19/c2881.html
%SEDAR: 00012459E
For further information:
Mike Taylor, President & CEO, Contact: 506-623-8960, [email protected]; Eugene Beukman, CFO,
Contact: 604-687-2038 [email protected]
CO: SLAM EXPLORATION LTD.
CNW 09:58e 19-JUN-17