OPIKEIGEN GOLD

SLAM owns the Opikeigen Lake Gold Property, 10 km northwest of Fort Hope, Ontario with access by air from Thunder Bay or Nakina. The Opikeigen Lake property consists of 38 claims covering 4,144 hectares underlain by volcanic and sedimentary rocks. The property is host to a 4 gold occurrences known as Zone OL12, Zone OL29, zone OL41 and the historic Fort Hope Gold Mine (FHGM).

SLAM and a previous JV partner completed 4 diamond drill holes totalling 1149 m on zone OL12 in 2010. These holes intersected gold mineralization associated with quartz veining and sulphide mineralization in sheared and altered mafic volcanics and iron formation.

 

 

The plan and section views to the right show gold mineralization a blue bars with gold ranging up to 12.7 g/t.

 

 

Previous workers reported high grade gold intercepts as detailed in the following table:

 

*Opikeigen Lake Zone 12: Selected Gold Intervals
Hole From (m) To (m) Width (m) Au (g/tonne)
OL-88-46 124.1 124.9 0.8 8.91
143.1 143.3 0.2 12.76
143.3 143.4 0.1 113.87
143.6 143.8 0.2 49.66
OL-89-49 22 23.5 1.5 4.44
225.8 226.4 0.6 11.5
226.4 226.8 0.4 32.59
OL-89-50 50.5 51 0.5 2.06
55.6 56.1 0.5 1.08
234.9 235.9 1 1.05
248.8 251.5 2.7 1.47

 

*Assay results from an independent qualifying geological report by Peter E. Fox, Ph.D., P. Eng., dated 15 January 1999 and revised on 18 October 1999, entitled “Report on the Opikeigen Lake Project – Fort Hope Area, Ontario”.

Previous workers explored the Fort Hope Gold Mine with a shaft and underground drift at the 100 foot level. They reported removal of a bulk sample that returned an assay of 8.8 oz / ton.

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