SLAM Exploration Ltd. (TSXV:SXL) announced the completion of its drill program at the Superjack zinc-lead-copper-silver deposit in the Bathurst Mining Camp of New Brunswick. Hole SJ15-86 was completed to a depth of 566 m, through VMS-style mineralization from 261.35 to 261.64 and from 507.25 to 521.60m. Results suggest that the zone of high grade mineralization which was previously intersected by hole NP11-39 plunges beneath hole SJ15-86. Additional work is planned, pending financing.
As quoted in the press release:
One hole SJ15-86 was completed to a depth of 566 m after drilling through volcanogenic massive sulphide (“VMS”) style mineralization from 261.35 to 261.64 and from 507.25 to 521.60m.
The mineralized interval at 261.35 is well above the Superjack mineralized horizon and suggests potential for discovery of additional deposits to the north of Zone A. Further down, hole SJ15-86 intersected a 7.8 m zone of mineralized stringer sulphides from 507.25 to 515.05m followed by a 2.4 m VMS interval from 519.20 to 521.60m. This interval is believed to be the upper edge of the Superjack deep zone but was intersected at a shallower level than planned. The results suggest that the zone of high grade mineralization previously intersected by hole NP11-39 plunges beneath hole SJ15-86.
Assay results are summarized as follows:
Hole ID From (m) To (m) Length Zinc% Lead% Copper% Silver g/t SJ15-86 261.35 261.64 0.29 8.72 3.64 0.038 31.00 SJ15-86 507.25 515.05 7.80 1.56 0.35 0.12 13.19 SJ15-86 519.20 521.60 2.40 3.19 0.93 0.32 39.08 SJ15-86 520.45 521.15 0.70 6.27 2.71 0.30 77.00
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COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1809.91 | -0.13 | |
| Silver | 19.89 | +0.03 | |
| Copper | 3.61 | -0.10 | |
| Palladium | 1965.07 | +9.98 | |
| Platinum | 891.26 | +2.98 | |
| Oil | 108.46 | +2.70 | |
| Heating Oil | 3.96 | +0.13 | |
| Natural Gas | 5.62 | 0.00 | |