Slam Vends Bmc Properties to Eastern Zinc
TSXV: SXL
SLAM VENDS BMC PROPERTIES TO EASTERN ZINC
For Immediate Release, February 26, 2019
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM”) (TSXV: SXL) is pleased to announce it has
signed a n arm’s lengt h definitive a greement with Eastern Zinc Corp. (" Eastern Zinc ") ( CSE:EZNC)
(OTC:ETZCF) that gives Eastern Zinc the option to earn a 100% interest in 35 mineral claims (the “ BMC
Properties”) covering 22,000 hectares with a number of known mineral occurrences located in the
mineral-rich Bathurst Mining Camp of New Brunswick, Canada.
In return for the 100% interest in the BMC Properties , SLAM will receive a series of payments for a total
of $700,000 in cash and a total of 5,000,000 common shares of Eastern Zinc over a 4 year period. SLAM
will retain a 2% NSR royalty on future mineral production from the BMC Properties.
Mike Taylor, CEO of SLAM c omments, “We congratulate Joel Dumaresq and Ea stern Zinc on this timely
acquisition as base metal demand continues to expand globally. We are excited about this project and
will provide our expertise and assistance to Eastern Zinc in the advancement of this project in the
mineral-rich Bathurst Mining Camp.”
The BMC Properties include the Upper Road Zone, a new volcanogenic massive sulphide (“ VMS”)
discovery drilled in 2018. The Upper Road Zone: The Upper Road Zone is a new VMS discovery grading
12.61% zinc, 12.94% lead, 0.21% copper and 133 g/tonne silver over a core length of 1.35 m (estimated
true width is 1.2 m). This new discovery occurs at a depth of 147 m in DDH PZ18 -01 as reported by
SLAM Exploration Ltd. in news releases dated September 25, 2018 and December 12, 2018. A Bore Hole
Pulse Ele ctromagnetic (“ BHPEM”) anomaly was identified by Crone Geophysics & Exploration Ltd.
(“Crone”). According to Crone, “The BHPEM data features a prominent in -hole anomaly near a hole
depth of approximately 160m, consistent with a noted mineralized interval. The source exhibits a
moderate to low conductivity, which is expected for a mineralized interval consisting of sphalerite,
pyrite, and galena.” Crone states that the anomaly extends beneath the hole and to the south. This
accessible, high priority targe t is located 25 km west of the Caribou mine operated by Trevali Mining
Corp. (“Trevali”).
The BMC Properties: The BMC Properties comprise 1004 mineral claim units covering 22,000 hectares
of highly prospective volcano -sedimentary stratigraphy. The BMC Properties include many other VMS
mineral occurrences discovered and drilled by previous workers such as the fo rmer producing Wedge
copper mine and related occurrences in the West Wedge, Tribag, Essex and A’Hearn zones located along
strike from the Wedge. The Satellite and Mowatt zones are adjacent to the former producing Heath
Steele mines property. The BMC Prope rties also include the LBM mineral trend where 13 drilling
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discoveries were made by previous workers in volcano -sedimentary rocks extending 5 km west and
northwest from Trevali’s Half Mile deposit. THE LBM occurrences range from 0.2% to 0.5% zinc -lead-
copper over core lengths of 0.5 to 5 metres. These known occurrences and associated geophysical
responses represent drill-ready targets in a favourable VMS environment.
About Eastern Zinc Corp: Eastern Zinc is a Canadian junior mining and exploration compan y operating
out of Vancouver, British Columbia. Eastern Zinc is engaged in the business of acquiring, exploring and
developing natural resource properties with a focus on zinc properties/projects. Eastern Zinc is listed on
the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol "EZNC."
Additional information relating to Eastern Zinc is available on SEDAR at www.sedar.com as well as on
the CSE at www.theCSE.com.
About SLAM Exploration Ltd:
SLAM is a resource company holding NSR royalties on the BMC properties, the Ramsay cobalt property
and on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the Bathurst Mining
Camp (“BMC”) of New Brunswick. The Company owns a portfolio of base me tal and cobalt properties
utilizes an extensive BMC mineral database to acquire and evaluate properties in this prolific mineral
region. Other projects include the Menneval gold project in New Brunswick and the Reserve Creek 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 this news release.
Certain information in this press release may constitute forward -looking information, including statements
that address Private Placement s, closing of Private Placement s, future production, reserve potential,
exploration and development activities and expected events or developments. This information is based
on current exp ectations that are subject to significant risks and uncertainties that are difficult to predict.
Actual results might differ materiall y 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 th e 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]
Eugene Beukman, CFO
Contact: 604-687-2038 [email protected] SEDAR: 00012459E