Mr. Mike Taylor reports
SLAM AWARDED LICENSE FOR GOLD BULK SAMPLE
WORK TO FOCUS ON KNOWN SHOOTS OF HIGH GRADE GOLD MINERALIZATION
Slam Exploration Ltd. 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.
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 tonne 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.
We seek Safe Harbor.
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