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Slam Exploration Ltd (3)
Symbol SXL
Shares Issued 32,401,416
Close 2017-09-19 C$ 0.035
Market Cap C$ 1,134,050
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Slam Exploration samples 12.6% Zn, 7.22% Pb at Lower 44

2017-09-19 11:21 ET - News Release

Mr. Mike Taylor reports

SLAM REPORTS ZINC, LEAD, COPPER AND SILVER ASSAYS

Slam Exploration Ltd. has released results from its prospecting and trenching program at Lower 44 and Connector. These zinc projects are part of Slam's mineral portfolio in the Bathurst mining camp of New Brunswick, Canada. The first five samples listed in the attached table represent grab samples collected from trenches on the Tribag zone at Lower 44.

Project     Sample    Zinc    Lead    Copper    Silver  
                        (%)     (%)       (%)     (g/t)

Lower 44    535401    0.03    0.29      0.10        15        
Lower 44    535402    2.96    2.32      0.13       121       
Lower 44    535403   12.60    7.22      0.53       107       
Lower 44    535404    5.30    1.10      0.19        22        
Lower 44    535405    1.39    8.37      0.55        88        
Connector   535406   10.90    6.25      0.03        88  

The trenching program accurately located the Tribag zone, which was discovered and drilled in 1962. Five grab samples, 535401 to 435405, were collected from excavated bedrock material in the trenches. The zinc, lead, copper and silver values are significant because no assay results were published with the 1962 drilling report. All five samples derive from a mineralized chert that is consistent with historical records and similar to the West Wedge zone located 700 metres to the north. The West Wedge zone was discovered in 1983. The best drilling intercept to date is a 3.8-metre core length grading 12.9 per cent zinc, 5.35 per cent lead, 0.78 per cent copper, 70.6 grams per tonne silver and 1.37 grams per tonne gold reported from the West Wedge zone in 1983. Both Tribag and West Wedge represent priority drilling targets on the 3,226-hectare Lower 44 project.

Sample 535406 is from a two-kilogram boulder found at Connector. The zinc, lead and silver values may be significant because of its location along strike from the former-producing Brunswick No. 6 mine. Slam's Connector property comprises 1,350 hectares located between the former-producing Brunswick No. 6 and No. 12 mines owned by Glencore. No. 6, discovered in October, 1952, was the first major discovery in the Bathurst mining camp. The massive Brunswick No. 12 deposit was discovered in 1953 and operated continuously from 1964 to 2013. It produced 150 million tonnes of ore grading 8.46 per cent zinc, 3.33 per cent lead, 0.37 per cent copper and 99 grams per tonne silver. The company intends to complete additional prospecting and trenching.

Quality assurance/quality control procedures

Five grab samples, 535401 to 535405, were collected from mineralized bedrock material excavated from trenches at the Lower 44 project. Sample 535406 was a two-kilogram boulder found on the Connector property. All six samples were tagged and numbered, then delivered to a secure work site where they were examined and packed for shipping. The samples were shipped to Agat Laboratories of Mississauga, Ont., and analyzed using a sodium peroxide fusion method with ICP-OES/ICP-MS finish. The company relied on Agat for quality assurance/quality control procedures at the laboratory.

Other BMC properties

The company owns 12 projects covering 20,000 hectares of mineral land acquired for volcanogenic massive sulphide potential in the BMC. These include the Lower 44, Connector, North Rim, Satellite and LBM projects and others selected 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 company continues with exploration activities to identify drilling targets associated with historical occurrences and intends to focus on the zinc, lead, copper and silver potential of this mineral-producing region.

Joint venture/earn-in opportunity

Slam has a portfolio of zinc-lead-silver properties available for joint venture or earn-in agreements in the Bathurst mining camp of New Brunswick. These include the properties described herein as well as Costigan and other properties with mineral potential demonstrated by previous drilling results. For additional information, call Mike Taylor at 506-623-8960.

About Slam Exploration Ltd.

Slam is a project-generating resource company that holds a net smelter return royalty on the Superjack and Nash Creek zinc-lead-copper-silver deposits and owns a portfolio of base metal properties in the Bathurst mining camp of New Brunswick. The company intends to utilize its extensive BMC mineral database to explore and develop properties in this historic region of mineral potential. Other projects include the Menneval gold project and the Reserve Creek and Miminiska gold projects in Ontario.

Qualifying statements

Mike Taylor, PGeo, president and chief executive officer of Slam Exploration, as the qualified person, approves the scientific and technical disclosure in the news release.

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