The future is looking increasingly green. From electric vehicles to solar panels, various industries are looking for ways to make sure they are not left behind in the environmental revolution. In the mineral resource sector, Slam Exploration Ltd ($SXL:CA), aims to bring gold mining into today’s eco-conscious environment.
The Canadian company has been awarded a permit by the New Brunswick Department of Environment to mine a 2,000-tonne bulk sample from the Maisie gold vein. The Maisie gold vein, a high grade vein, was discovered in 2012 by Slam on its Menneval project.
As stated in Slam’s proposal, the company looks to extract the sample from known mineralization at the surface using an excavator, with no drilling, chemicals or blasting. With this mining permit, Slam looks to develop environmentally sustainable techniques to extract gold, provide a grade estimate of the Maisie vein, and determine if the veins are suitable for producing revenues for long-term mining operations.
A Change Among Slam Exploration Management
The company has also announced the resignation of John Martin, a member of the board of directors. Martin, a registered professional engineer and a member of the Association of Professional Engineers and Geoscientists of New Brunswick, served as a board member since 2013.
These announcements continues Slam Exploration’s streak of mixed news. This past March, Slam completed a drilling program of the Superjack zinc-lead-copper-silver deposit in the Bathurst Mining Camp. However, in May, company stocks reached a 52-week low.
Yet, despite the exit of a key board member, Slam Exploration continues to move forward. As well as helping to gauge revenue potential, the newly awarded permits will allow Slam to explore alternative mining techniques that are environmentally conscious.
For more information about Slam Exploration, visit www.slamexploration.com.
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