Massive and disseminated sulphide mineralization;
Untested airborne conductors and magnetic trends strike for 15km
Miramichi, New Brunswick - SLAM Exploration Ltd. (TSX-V:SXL) (“SLAM”) announces a significant new discovery of massive sulphides in the Bathurst Mining Camp near Bathurst New Brunswick. Angular boulders of massive and stringer sulphides have been found over a strike length of 2 km. These boulders are spatially associated with a series of untested airborne conductors and magnetic trends that show a strike length of 15 km.
Encouraged by this discovery and significant geophysical association, the Company launched an aggressive staking campaign acquiring a total of 607 claims. The wholly-owned property comprises 9712 hectares of highly prospective volcano-sedimentary rocks. The property, dubbed TSN after its location at “The South Narrows”, is located 50 km west of Miramichi where an extension of Tetagouche rocks extends southwest of the Bathurst Mining Camp. This area has seen very little exploration even though it hosts Tetagouche volcanic and sedimentary rocks very similar to those hosting the world renowned 150 million tonne Brunswick Mining and Smelting No. 12 Mine.
Mike Taylor, CEO says, “We are very excited about the potential for a major new sulphide body in the Bathurst Mining Camp and the positive impact it would have for SLAM. The TSN property is consistent with our strategy of amassing resources located within close proximity that could be mined and transported economically to existing mills and smelters. While the Nash Creek zinc deposit is our main focus, this new discovery is a tremendous opportunity. We expect to move quickly and evaluate this with a trenching program and, if warranted, a drilling program”.
Additional information about SLAM can be viewed at http://www.slamexploration.com as well at www.sedar.com.
SLAM Exploration Ltd. is a mineral resource company based in Miramichi, New Brunswick. It is extremely active in base metal exploration in New Brunswick as well as gold exploration in the Uchi subprovince of northwest Ontario, where SLAM recently reported successful drilling results and gold assays. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
CONTACT INFORMATION:
Corporate Inquiries & Investor Relations
Mike Taylor, President & CEO
506.627.1353
Toll Free: 866.523.6719
miketaylor@slamexploration.com
AGORACOM Investor Relations
http://www.agoracom.com/IR/slamexplo...
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.
