SLAM’s 100% owned Reserve Creek gold property is viewed as an advanced phase exploration play requiring further delineation towards completion of a potential NI 43-101 compliant resource estimate. The property consists of 5 contiguous claims encompassing 899 hectares adjacent to the Eabametoong First Nation Reserve lands, approximately 150 kilometres east of the town of Pickle Lake, Ontario. No royalties are payable on the property.
SLAM Diamond Drilling Programs
SLAM completed 47 diamond drill holes in 4 campaigns from 2003 to 2011. All 47 holes encountered gold mineralization associated with sulphide mineralization and quartz stringers within chloritic iron formation. Gold values, shown as red bars on the plan map to the right, occur in all holes with individual bonanza grade assays ranging up to 274 g/t gold over 0.5 m. The strike length of known gold mineralization is approximately 350 metres. One hole tested the deposit to a depth of 250 m.
Holes RS10-14, 15 and 16 drilled in 2010 were on the same section as hole RS0809. The section shows a vertical dipping gold-bearing zone. Gold, graphically represented as red bars, occurs in all 4 holes including bonanza grades ranging up to 274 g/t over 0.5 m. Most of SLAM’s gold intercepts at Reserve Creek are near surface.
The Reserve Creek, Miminiska Lake, Keezhik and Opikeigen Lake gold properties are located in the vicinity of Fort Hope at the east end of the prolific gold-producing Uchi region of northwestern Ontario. These projects are part of a regional play adjacent to the “Ring of Fire” in northwestern Ontario.