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SLAM Acquires Former Producing Copper-Lead-Zinc Mine
Mar. 03, 2017 08:36AM PST
Base Metals Investing
SLAM Exploration (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce it has acquired the former producing Wedge Mine property (The “Wedge”). The Wedge claim covers 100 hectares of mineral land property located in the Bathurst Mining Camp (“BMC”) of New Brunswick, Canada. The Wedge is 18 km west of the former producing Brunswick …
SLAM Exploration (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce it has acquired the former producing Wedge Mine property (The “Wedge”). The Wedge claim covers 100 hectares of mineral land property located in the Bathurst Mining Camp (“BMC”) of New Brunswick, Canada. The Wedge is 18 km west of the former producing Brunswick No. 12 mine owned by Glencore and 22 km south of the Caribou mine owned and operated by Trevali Mining Corp.
As quoted in the press release:
The Wedge was operated by Consolidated Mining And Smelting (“Cominco”) from 1962 to 1968 when it produced 1,500,000 tonnes grading 2.88% copper, 0.88% lead and 1.75% zinc with unspecified silver credits. Cominco maintained the mineral claims until 1992, when it was acquired by Noranda Exploration Company Ltd. (“Noranda”).
According to a historical estimate published by Noranda in 1993, the Wedge contains a mineral resource of 545,000 tonnes grading 1.75% copper, 5.21% zinc 1.71% lead to a depth of 274 metres. The historical estimate was based upon the results of 356 drill holes provided to Noranda by Cominco.
