SLAM’s Menneval Gold project was the site of a new gold discovery in 2012. Since then we have focused our activity there and on our other priority, the Superjack zinc-lead-silver project.
SLAM invested $2M to drill 85 holes at Superjack in 2011 & 12. The drilling campaign resulted in a near-surface, 3M tonne base metal-silver deposit with potential for open pit mining. The deepest hole by SLAM 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. SLAM recommends a 2500m drilling program to test this discovery.
The Superjack project is located on a major haulage road 15 km west of Glencorp’s 150M tonne BMS No. 12 mine, a large former zinc-lead-silver producer. 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 considered to be “elephant country” in terms of zinc deposits.