SLAM is a project-generating company operating in the mineral-rich province of New Brunswick, where it has built up an impressive portfolio of volcanogenic massive sulphide (VMS) gold and cobalt projects. VMS projects in the Bathurst Mining camp include Portage, Connector, LBM, Lower 44, North Rim, Satellite, Costigan, TSN, A’Hearn, Strachens East and Strachens deposits. The Bathurst Mining Camp of Northern New Brunswick is a noted zinc-producing district where Trevali Mining Corp operates the Caribou mine.
The Reids Gulch cobalt property is located 5 km north of the Ramsay Cobalt project that is already under option to another company (see NSR Holdings).
The Maisie is one of several road-accessible new gold discoveries on our wholly owned Menneval property in New Brunswick. SLAM launched a diamond drilling campaign in December 2012 and put down 47 diamond drill holes that have traced the Maisie zone to a depth of 40m.
Visible gold occurs in several holes drilled in the vicinity of trench Men12-01 where bonanza grades up to 1100 g/t gold over 1.1 m were reported from chip samples. Trench Men12-01 is near the original discovery site where the Company found boulders grading up to 118 g/t gold.
Visible gold was reported at approximately 15 sites along the 700 m strike length of of the vein system excavated during the 2012 work program. The sample shown to the right is a 2 cm chip found in a trench apout 50 m southwest of the discovery site.
SLAM owns 4 projects in the gold producing Uchi sub-province of northwest Ontario These include the Reserve Creek project where the Company drilled a high grade gold deposit with bonanza grade assays ranging up to 274 g/t gold over 0.5 m and 16.45 g/t gold over 16.85 m as summarized at Ontario Projects.
SLAM and its affiliates are required to follow national policy instrument NI-43-101 published by the Canadian Securities Administrator and adopted by Canadian provincial securities commissions .Material information about SLAM’s operations and financial performance will be publicly disclosed in a timely manner at or on www.sedar.com and in accordance with federal and provincial regulations and the policies of the TSX Venture Exchange.
Security of information, particularly as it refers to the results of exploration programs, will comply with all pertinent regulations. Core samples must be secured from outside inspection and interference, or accidental internal interference. This means chain of custody must be strictly maintained during transportation, sample collection, shipping and preparation to avoid tampering or inappropriate release of privileged information. As well, assay results must be kept confidential and released only to those on a need-to-know basis. Public release of results will be conducted through appropriate news release and disclosure documents as approved by the management of the Company.