The Conversation (0)
SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce it has signed an agreement to acquire the Ramsay Brook cobalt property (the “Property”) from local prospectors. The 2 claim property comprises 18 claim units covering 392 hectares that straddle Highway 180 approximately 25 km west of the Caribou mine operated by Trevali …
SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is pleased to announce it has signed an agreement to acquire the Ramsay Brook cobalt property (the “Property”) from local prospectors. The 2 claim property comprises 18 claim units covering 392 hectares that straddle Highway 180 approximately 25 km west of the Caribou mine operated by Trevali Mining Corp. in the Bathurst Mining Camp (“BMC”) of New Brunswick, Canada.
As quoted in the press release:
The history of cobalt on the Property began with a trenching program in 1992 followed by a diamond drilling program in 2004 all by previous workers. This historic program included 3 holes located within the Ramsay Brook Property. The first hole numbered M04-01 produced a 0.9 m core interval grading 0.37% cobalt and 0.17% copper within a 3 m interval grading 0.19% cobalt and 0.21% copper. Hole M04-02 hole collared 100m to the northeast cut 0.25% cobalt and 0.16% copper over 0.5m. The third hole, M04-03 was collared 110m to the southeast but did not intersect significant mineralization. The above results are drill core intervals and true widths were not reported.
