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SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce it has acquired additional mineral claims in the Bathurst Mining Camp (“BMC”) of New Brunswick, Canada. The Company now owns 9 projects covering 22,600 hectares of prospective land. SLAM selected these properties for acquisition based on a database that covers the entire …
SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce it has acquired additional mineral claims in the Bathurst Mining Camp (“BMC”) of New Brunswick, Canada. The Company now owns 9 projects covering 22,600 hectares of prospective land. SLAM selected these properties for acquisition based on a database that covers the entire BMC district. The database includes airborne and ground geotechnical surveys as well as previous drilling results compiled from previous exploration workers and government sources. The most recent acquisition is the North Rim zinc project adjacent to the Caribou mine property being operated by Trevali Mining Corp.
As quoted in the press release:
The North Rim zinc project comprises 2 mineral claims covering 2345 hectares underlain by volcano-sedimentary strata similar to the Caribou horizon. Roughly 16 diamond drill holes by previous workers were drilled in the vicinity of 3 mineral occurrences documented in the New Brunswick Mineral Occurrence Database. The most significant drilling intercept to date is 0.5m grading 7.51% zinc, 2.03% lead, 0.16% copper and 40 g/t copper drilled in a 1997 hole that straddles the south boundary of the property.
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