Welcome To The SLAM Exploration HUB On AGORACOM
Gold and Base Metal Projects (Ontario and New Brunswick)
Message: SLAM DRILLS MORE INTERCEPTS AT RESERVE CREEK GOLD
SLAM DRILLS MORE INTERCEPTS AT RESERVE CREEK GOLD DEPOSIT Mineralized Zone Over Significant Intervals In First Three Holes FOR IMMEDIATE RELEASE 09 DECEMBER 2010 Miramichi, New Brunswick - SLAM Exploration Ltd. (TSX-V:SXL) (“SLAM”) announces visible gold in 2 of the first 3 diamond drill holes in a 2,000 m program at its wholly owned Reserve Creek project in the Fort Hope area of Ontario. All 3 holes RS10-17 to 19 intersected silicified tuffs with pyrrhotite-pyrite mineralization similar to hole RS10-16 drilled in June 2010. SLAM reported bonanza grade gold mineralization with individual samples up to 274 g/t gold over 0.5 meters within a 16.85 m core interval grading 16.45 g/t gold from hole RS10-16 (news release 17 August 2010). Hole RS10-17 intersected a 14 m core interval of silicified tuff containing pyrrhotite-pyrite mineralization from 21 m to 35 m and specks of visible gold at 31.2 m. RS10-18 intersected similar mineralization over a 34.5 m core interval from 30 to 64.5 m. Hole RS10-19 intersected an 11 m mineralized core interval from 53.0-64.0 m with fine specks visible gold at 53.4 and 53.6 m. Holes RS10-17 to 19 were drilled from same set-up at 45
and to depths of
60.96m, 85.34m and 140.21m respectively to define a section 15 m east of bonanza hole RS10- 16. After hole RS10-19 the drill moved to a site 15 m west of hole RS10-16 to drill a similar pattern of 3 holes. The Company will continue to utilize this effective pattern to potentially expand the bonanza gold zone laterally. This is delineation drilling with an ultimate goal of advancing the deposit to NI 43-101 status. To achieve this, the Company is planning additional drilling in 2011 and is building its treasury to over $5M with a financing to close next week. Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein. The core intervals described are drilled intervals. True thicknesses are unknown. Reserve Creek drilling activities are progressing in consultation with Eabametoong First Nation (“EFN”) in accordance with a recently signed Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of the Fort Hope area.
About SLAM:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is
currently drilling for gold in Ontario and for silver-copper-lead-zinc in New Brunswick. Additional information about SLAM and its projects is available at
or from SEDAR
filings at
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts 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:
SLAM Exploration Ltd.
Mike Taylor, President & CEO
506.627.1353
Toll Free: 866.523.6719
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United
States. The securities have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from
such registration is available.
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 SLAM 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.
Loading...
Loading...
New Message
Please
login
to post a reply