Mining Twice in the last two weeks Slam Exploration has been the TSX:V's most active share

Miramichi-basedSlam Exploration Ltd. has been one of the hottest stocks on the TSXVenture exchange in recent weeks and has seen its price climb to thefour-cent range from a low of 1.5 cents per share in the middle ofDecember.

Andtwice in the last two weeks, including Monday, Slam has been the mostactive share on the exchange. More than 3.7 million shares changedhands on Monday and more than 8.7 million shares were traded on Feb. 12.

"We'reon a roll," Slam (TSX.V:SLX) president and CEO Mike Taylor said Tuesdayfrom Toronto, where he is attending the Prospectors and DevelopersAssociation of Canada trade show, being held this week at the MetroToronto Convention Centre.

"We've been the top mover twice in thelast two weeks and we've been in the top 10 four or five days, so we'resmoking as far as trading goes."

Recent positive news from thecompany's projects at Nash Creek in central New Brunswick and its TSNproperty in the Bathurst Mining Camp has been able to carry thatmomentum into this week's trade show that attracts most of the keyplayers in the industry.

"We're having a good week," Taylor said."There's been more than 17,000 people come through the convention sofar this week. We're here to see our existing shareholders and we'rehere to attract potential new investors. We're also here to talk toanalysts and we're also exploring potential partnerships with othercompanies, large or small.

"We have gotten a very good reception.A lot of people have come through our booth. We've received some verygood comments and I think we're doing very well here."

Thecompany announced indicated resources of zinc, lead and silver at NashCreek on Feb. 12, which led to a half-cent climb in share price and themassive trading of 8.7 million shares.

Monday's large volume was the seventh time in the previous 12 trading days that more than a million shares were traded.

LastFriday, Slam announced positive drilling results at its TSN property,results that prompted the company to stake an additional 203 claims fora total of 810 claims on 12,960 hectares of land located 50 kilometreswest of Miramichi.

"(Monday)'s trading was a direct result of ourpress release on Friday morning, combined with bringing it to people'sattention here at the trade show," said Taylor. "On Sunday, we werehere at the trade show showing this new core, fresh from this newdiscovery - it's obviously had an impact on the market.

"The(higher) volume of trading started a couple of weeks ago when we putout our Nash Creek press release - that triggered the huge day of 8.7million shares."

Taylor said the economic downturn has made itmore difficult to attract investment and the company is being even morevigilant than usual about getting good value for every dollar.

"We'retrying to conserve our capital, but at the same time, I'm not going tohide behind my desk and spend money just on overhead," he said. "Wehave some very strategic properties like TSN, where we can use a verycost-effective exploration strategy and come up with good results.We're only using a fraction of our budget from last year - which wasabout $5 million - but we're producing results that are just aseffective.

"We have cost-cutting measures in effect, we're reallywatching our overhead, but we've done that all along. Even when we'vehad big budgets, we've tried to be a cost-efficient as possible withour money. We've done a tremendous amount of drilling for the moneywe've spent. We'll continue with that strategy - we're in it for thelong haul."

On Tuesday, the stock dropped a half-cent to 3.5 cents on light trading of 159,750 shares.