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TSXV:SXL

SLAM Exploration Ltd. (TSXV:SXL) announced that free gold was successfully separated from a 92 lb sample collected from a high grade section of the Maisie deposit on SLAM’s wholly owned Menneval gold project.

SLAM Exploration Ltd. (TSXV:SXL) announced that free gold was successfully separated from a 92 lb sample collected from a high grade section of the Maisie deposit on SLAM’s wholly owned Menneval gold project.

As quoted in the press release:

Two pails filled with vein material were collected from a section of the Maisie deposit known as the “Blow” and proven to contain high grade to bonanza grade gold in trenching programs previously reported by SLAM. The pails were shipped to SLAM’s Vancouver office and delivered to Mt. Baker Mining and Metals LLC (Mt. Baker) by CFO Eugene Beukman. Mt. Baker then processed the sample through a jaw crusher and hammermill to a grind size passing 20 mesh. From the hammermill the ground material was fed onto a shaker table. The shaker table separated the gold from the quartz and other materials present and produced a quantity of gold concentrate and approximately 90 lbs of tailings. The tailings have the appearance of fine white beach sand. Assays are pending on the tailings to determine the efficiency of the separation process and whether any deleterious materials are present in the tailings. A video of the grinding and separation process was created by Mt. Baker and is posted on SLAM’s website www.slamexploration.com.

The Company is preparing to mine the Maisie gold deposit in early summer under a License of Occupation that authorizes SLAM to extract and process samples over a two year period. In connection with this License, the New Brunswick Department of Environment and the Department of Energy and Mines have both approved the removal and processing of a 2,000 tonne bulk sample from this high grade gold deposit. No drilling or blasting is required for this program. The excavated material will be processed using equipment similar to that described above and shown in the SLAM website video. No chemicals will be used in the process. The purpose is to develop environmentally sustainable techniques to extract gold, provide an estimate of the grade of the Maisie deposit and demonstrate the potential for longer term mining operations.

The Company proposes to extract the sample from known shoots of high grade mineralization at surface using an excavator. SLAM previously announced channel samples ranging from 5.17 g/t gold over 1.0m up to 49.5 g/t gold over 0.45m that were cut during a 2013 trenching program. The initial discovery trench produced a bonanza grade chip sample grading 1100 g/t gold over 1.1 m in 2012. Previous diamond drilling results from 60 holes by SLAM indicate that the high grade Maisie deposit shoots extend to a depth of at least 30 m.

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