SLAM made a recent acquisition to expand the Portage zinc-lead-copper-silver property to cover 3004 hectares located 2 km west and south of the Restigouche VMS deposit and 25 km west of the Caribou mine operated by Trevali Mining Corp. in the Bathurst Mining Camp (“BMC”) of New Brunswick.
Historic core intervals drilled on Portage zone include 25.30m grading 3.27% zinc 0.52% lead 0.30% copper including 3.35m grading 5.81% zinc 2.97% lead 0.61% copper. The VMS mineralization strike length 450 m to depth of 250m and is open at depth and along strike.
SLAM acquired 2 prospector properties and staked 3 claims to form the Ramsay Brook cobalt property covering 2436 hectares located on highway 180 and adjacent to our Portage property. Previous workers drilled 9 diamond drill holes in 2004. They cut a 0.8m core interval grading 0.96% cobalt over 0.8 m in hole M04-04. This occurs within a 4.8m core interval grading 0.35% cobalt and within a 24.8 core interval grading 0.18% cobalt and 0.18% copper. Hole M84-05 collared 50 m southeast of hole M04-04 intersected 2.0 m grading 0.81% cobalt within a 6.1 m interval grading 0.31% cobalt. Click News Releases for details.
SLAM launched, through BTV-Business Television, a branding and awareness campaign on BNN. BTV and CEO Clips profiles innovative publicly traded companies in North America and features a short clip on SLAM as broadcast on BNN. . View BNN Clip .
SLAM has sold 100% interest in the Coulee mineral claim to Osisko Metals in return for a cash payment of $100,000. SLAM will retain a 1% NSR on any future mineral production. Osisko Metals may purchase the NSR at any time in return for a cash payment of $750,000. The Coulee comprises 1 claim covering 372 hectares located 6km southwest of the former producing Brunswick No. 6 mine and adjacent to the Flat Landing Brook zinc-lead-silver prospect owned by Osisko Metals.
The Company has acquired a portfolio of mineral claims in the Bathurst Mining Camp (“BMC”), a major zinc producing area inf New Brunswick, Canada. The Company now owns 12 projects covering 20,000hectares of prospective land. SLAM selected these properties for acquisition based on a database that covers the entire BMC district.
The Connector is located between the former producing Brunswick No. 6 and No. 12 mines owned by Glencore. The Lower 44 is located 20 km south of the Caribou Mine. It includes the former producing Wedge copper mine.
The Menneval Gold project was the site of a new gold discovery made by SLAM’s advance scout team in 2012. The initial discovery of the Maisie vein yielded a bonanza grade chip sample grading 1100 g/t gold over 1.1 m from a trench in 2012. Since then we have drilled 64 holes with grades up to 121 g/t gold over 0.31 m. The deepest intercept to date is a core interval grading 44.53 g/t gold over 0.85m at a depth of 30 min hole MG13-63. The deposit is open at depth.