SLAM REPORTS COPPER, NICKEL AND COBALT ASSAYS AND EXTENDS FARQUHARSON ZONE STRIKE LENGTH TO 360 METERS AT GOODWIN Drilling For Critical Elements In The Mineral-Rich Province Of New Brunswick, Canada
TSXV: SXL
SLAM REPORTS COPPER, NICKEL AND COBALT
ASSAYS AND EXTENDS FARQUHARSON ZONE
STRIKE LENGTH TO 360 METERS AT GOODWIN
Drilling For Critical Elements In The Mineral-Rich Province Of New Brunswick, Canada
For Release 7:23 EST, December 03, 2025
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is
pleased to announce assay results fr om the first three of ten holes drilled in the 2025 diamond drilling
campaign on its wholly owned Goodwin claims , located 35 kilometers southwest of the Caribou Mine in
the mineral-rich Bathurst Mining Camp of New Brunswick.
Highlights include:
• 2.40% copper equivalent over 4.50 meters in hole GW24-16 on the Granges Zone; and
• 0.97% copper equivalent over 48.00 meters in hole GW-17 on the Farquharson Zone.
The copper equivalent values assume mill recoveries of 90%. Selected results are tabled below:
Hole
Number
From
M
To
M
Length
Meters
Copper
%
Nickel
%
Cobalt
%
Gold
ppm
Silver
ppm
Cu Eq
%
GW25-16 10.63 11.15 0.52 1.90 1.36 0.12 0.21 11.10 4.12
GW25-16 72.00 73.00 1.00 1.44 0.30 0.02 0.07 10.00 1.96
GW25-16 77.50 80.68 3.18 0.39 0.81 0.05 0.06 4.73 1.60
GW25-16 69.50 80.68 11.18 0.45 0.36 0.03 0.10 4.73 1.11
GW25-16 124.50 125.90 1.40 1.59 0.59 0.05 0.06 10.20 2.53
GW25-16 124.50 129.00 4.50 0.97 0.96 0.07 0.04 5.66 2.40
GW25-17 98.00 135.50 37.50 0.50 0.43 0.04 1.11
GW25-17 98.00 146.00 48.00 0.44 0.37 0.04 0.97
GW25-17 160.40 165.50 5.10 0.51 0.17 0.02 0.72
GW25-18 46.75 62.50 15.75 0.56 0.10 0.01 0.66
GW25-18 103.90 117.40 13.50 0.50 0.11 0.01 0.62
Copper equivalent (Cu Eq%) values are “recovered grades” with assumed recoveries of 90% and
calculated using copper, nickel , cobalt, silver and gold prices published November 29, 2025 on the
website Daily Metal Price. The lengths are drilled core intervals. True widths have not been determined.
Hole_ID East_UTM North_UTM Elev Az Dip Length_m
GW2516 697208 5238922 447 115 -70 308
GW2517 698053 5238576 490 45 -70 452
GW2518 698036 5238616 483 42 -70 170
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Figure 1 DDH GW125-16 From 124 to 130 Meters
The Company completed 10 holes of NQ size core drilling for a total of 2,6 03 meters in the 2025
Goodwin drilling campaign. This included one hole on the Granges Z one and nine holes on the
Farquharson Zone. The strike length of the Farquharson Zone was extended to 360 meters and is open in
both directions as shown on Figure 2.
Figure 2 Farquharson Zone Diamond Drilling Plan – Aeromagnetic Calculated Vertical Gradient (CVD)
The C ompany has requested quotes from geophysics contractors for airborne and down-hole
electromagnetic surveys, to be conducted in preparation for the 2026 drilling campaign at Goodwin.
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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 will perform 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.
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.
Diamond drilling is in progress on the Goodwin copper -nickel-cobalt project in the Bathurst Mining
Camp (“BMC”) of New Brunswick. The drilling program follows significant copper, nickel and cobalt
intercepts from 15 diamond drill holes reported by the Company in 2024 on the Goodwin project. 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 launched its 2025 exploration program with two new gold discoveries on its wholly-owned
Jake Lee claims. SLAM reported eight grab samples with assays ranging from 7.42 grams per tonne
(“g/t”) to 94.80 g/t gold in the initial discovery on July 9, 2025. A second discovery comprised quartz
float grading 16.20 and 3.78 g/t gold respectively 100 meters southwest of the initial discovery as
reported August 28, 2025. The Jake Lee claims are located 25 kilometers southeast of the Clarence
Stream gold deposit where Galway Metals Inc. is working on an indicated resource estimated at 922,000
oz at a grade of 2.31 g/t gold plus an inferred resource of 1,334,000 oz 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”). SLAM’s exploration team recently mobilized back
to Jake Lee.
SLAM 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 from the Maisie vein in news releases on December 13, 2021 and November 22, 2022. The
Company had previously reported a core interval grading 3,955 g/t (127oz) gold Au over 0.1m from the
No. 18 vein. These veins are associated with a soil geochemical anomaly that stretches for 3,000 meters
along strike. Assays are pending on 900 additional samples to expand the soil coverage and further define
the target on this extensive vein system.
The Company is a project generator and expects to receive significant cash and share payments in 2025.
SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) on February 28, 2025
pursuant to the Wedge project agreement. On March 29, 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.
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.
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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
Company’s exploration plans at the Goodwin Project, the anticipated scope, timing and results of the current and
future drill programs, the potential extension of mineralized zones, and the potential to identify additional mineral
resources.
Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this
release, including assumptions that geological interpretations and mineralization continuity are reasonable; that
planned drill and geophysical programs can be completed as scheduled; that equipment, contractors and personnel
will be available on acceptable terms; that assay and geophysical results will be received within expected
timeframes; that commodity prices and economic conditions will remain generally supportive; and that required
permits and approvals will be obtained in a timely manner.
These 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. Such risks and
uncertainties include, without limitation: exploration results that may not confirm current interpretations or
expectations; geophysical survey results that may not define viable drill targets; delays in exploration programs;
availability of drill equipment, contractors, and personnel; increases in costs; changes in commodity prices;
availability of financing on acceptable terms; general economic, market and business conditions; regulatory
changes; environmental risks; operating hazards; delays or inability to obtain required approvals; and other risk
factors described in the Company’s most recently filed Management’s Discussion and Analysis and other filings
with Canadian securities regulators.
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.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.