SLAM’s Menneval Gold project was the site of a new gold discovery in 2012. Since then we have drilled 64 holes with grades up to 121 g/t gold over 0.31 m. High grade to bonanza grade shoots have been outlined at surface and drilled to a vertical depth of 30 m. The Company intends to test this gold deposit by extracting and processing a bulk sample.
SLAM returns to Superjack: The Company has drilled 86 holes to date. Our deepest hole, NP11-39 cut a 4.1 m interval of massive sulphide grading 10.11% zinc, 1.24% lead, 0.30% copper and 32.84 g/t silver at a vertical depth of 460 m. This high grade intercept is 230 m below any intercepts by previous workers and is open laterally and at depth.
The Superjack project is located on a major haulage road 15 km west of Glencorp’s 150M tonne BMS No. 12 mine, a large zinc-lead-silver producer that closed in 2013. Trevali’s Caribou mine is 30 km to the northwest. These base metal deposits are located in the prolific Bathurst Mining Camp (“BMC”) of Northern New Brunswick, an area known for large zinc deposits.