SLAM Exploration Ltd. (TSXV:SXL) announced it has received a licence of occupation that authorizes Slam to complete test mining and bulk sampling of the Maisie gold vein over a two-year period.
SLAM Exploration Ltd. (TSXV:SXL) announced it has received a licence of occupation that authorizes Slam to complete test mining and bulk sampling of the Maisie gold vein over a two-year period. In connection with this licence, the Department of Environment and the Department of Energy and Mines have both approved the removal and processing of a bulk sample from this high-grade gold vein in New Brunswick.
As quoted in the press release:
The company proposes to extract the sample from known shoots of high-grade mineralization at surface using an excavator. These high-grade shoots are represented by channel samples ranging from 5.17 grams per tonnne gold over one metre up to 49.5 g/t gold over 0.45 m cut during a 2013 trenching program by Slam. The initial discovery of this vein yielded a bonanza-grade chip sample grading 1,100 g/t gold over 1.1 m from a trench in 2012. Drilling indicates the high-grade shoots extend to a depth of 30 m with a core interval grading 44.53 g/t gold over 0.85 m in hole MG13-63. The company has drilled 64 holes to date on the Maisie vein.
No drilling or blasting is required for this program. The extracted material will be processed using gravity-based equipment to separate the gold. 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 vein and demonstrate the potential for longer-term mining operations.