SLAM SAMPLES ASSAY UP TO 31.5 G/T GOLD Visible Gold Samples Collected By SLAM
TSXV: SXL
SLAM SAMPLES ASSAY UP TO 31.5 G/T GOLD
Visible Gold Samples Collected By SLAM
For Immediate Release, July 20, 2023
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV-SXL) (“SLAM” or the
“Company”) is pleased to announce assays ranging up to 31.5 g/t gold from grab samples
collected from a vein on the Shadow Lake gold project located 30 km west of S aint John, New
Brunswick. (The “Property”).
SLAM acquired the Shadow Lake gold property after Company geologists reported the presence
of visible gold in 2 grab samples collected from the LLP vein near the west end of the Property.
These 2 samples returned assays of 31.5 0 g/t go ld and 9.93 g/t gold respectively. Previous
workers reported a grab sample grading 54.9 g/t gold from this vein which was traced over a
strike length of 150 metres.
Previous workers reported 6 additional gold occurrences including a grab sample grading 70.4
g/t gold at a site 15 kilometres east of the LLP vein. Assays are pending on 14 samples collected
from multiple sites during a second visit by SLAM ’s advance scout team. The Company has
commissioned a soil geochemical survey on 2 grids to test the strike potential of these gold
veins.
The Shadow Lake Gold Project: The Property comprises 6 claims covering 3782 hectares
along a 20 kilometre stretch of granitic and se dimentary rocks associated with the Fundy fault
zone. The Fundy fault zone is the name for a series of regional fault structures cutting through
SLAM’s Shadow Lake , Rogers Lake and Jake Lee claim groups. The discovery of gold
mineralization in the vicinity of these faults is similar to recent gold discoveries by Newfound
Gold Corp. ( NFG -TSXV) along the Appleton and JBP faults as well as other structures in
Newfoundland. SLAM President Mike Taylor states “ Exploration of s imilar structures in New
Brunswick is generating gold discoveries . The Company has already identified a 20 kilometre
gold generating fault system at Shadow Lake . This acquisition expands SLAM ’s mineral
holdings to 1377 claim units covering 37,732 hectares spread along these fault zones with the
possibility for an emerging gold district.”
About SLAM Exploration Ltd:
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SLAM intends to complete soil geochemical surveys to further test the Shadow Lake gold
occurrences. These projects are associated with the Fundy fault zone and located in southwestern
New Brunswick where Galway Metals recently announced a 2.3 million ounce gold deposit at
Clarence stream. The Company plans further work at its drill -ready Menneval gold project in
northern New Brunswick.
Targeting critical elements as well as gold, the Company aggressively pursues new exploration
opportunities such as the recently staked Highway project with has known occurrences of cobalt,
copper and silver as well as gold. SLAM also intends to explore cobalt, nickel and copper
geochemical anomalies on its Portage project in the Bathurst Mining C amp (“BMC”). The
Company is evaluating the Cumberland Bay rare earth element (REE) project in central New
Brunswick and the Keezhik gold project in Ontario.
The Company has sufficient funds for the work currently in progress. To view SLAM’s
corporate presentation, click SXL-Presentation. Additional information is available on SLAMs
website SLAM and SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.
QA-QC Procedures: Grab samples were collected and delivered to were sent to ALS Chemex
in Moncton, New Brunswick. The samples were prepared according to ALS code Prep 31B and
were analyzed for gold using standard fire assay (30 gram) with AAS finish according to ALS
code Au-AA23. Samples over the 10 g/t limit for the AAS method were analyzed by fire assay
with a gravimetric finish.
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a
qualified person as defined by National Instrument 43 -101, approves 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 th e 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 unce rtainties 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 th e 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]
Eugene Beukman, CFO
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Contact: 604-687-2038 [email protected] SEDAR: 00012459E