Drilling Planned At Zinc-Lead-Silver Deposit
MIRAMICHI, NB, Feb. 9, 2015 /CNW/ - SLAM Exploration Ltd. ($SXL:CA) (the "Company") announces it has signed a contract for a two-phase diamond drilling program on its wholly-owned Superjack zinc-lead-silver deposit in the Bathurst Mining Camp ("BMC") of New Brunswick. Phase I drilling will comprise approximately 1200 m of drilling expected to start immediately.
The program is designed to test for deep mineralization adjacent to ore-grade intercepts previously drilled by SLAM in its 2011-2012 program at Superjack Zone A. These intercepts are well below the limits identified by previous workers and show potential for significant new extensions at depth.
The Superjack project is comprised of 2 claims covering 1680 hectares of highly prospective volcano-sedimentary strata located 15 km west of Glencore's Brunswick No. 12 mine which processed 150 million tonnes prior to closure in 2013. Although SLAM acquired the Superjack property by staking in 2002, exploration dates back to 1957 when previous workers discovered 3 zones then known as Nepisiguit A, B and C zones. The deepest intercept by previous workers was drilled in 1994 at a vertical depth of 230 m in Zone A.
The deepest intercept by SLAM comprises a 4.1 metre core interval of massive sulphides grading 10.11% zinc, 1.24% lead, 0.30% copper and 32.84 g/t silver at a vertical depth of 460 m in hole NP11-39. This intercept is 230 m below any previous drilling intercepts and is open laterally and at depth. Superjack Zone A is a VMS (volcanogenic massive sulphide) deposit similar to much larger deposits in this area including Brunswick No. 12.
About SLAM Exploration Ltd.:
SLAM is a project generator with a portfolio of road accessible mineral properties within driving distance of the corporate head office in Miramichi, New Brunswick. This portfolio includes the Superjack (formerly Nepisiguit) and Nash Creek base metal-silver deposits that both contain resources conforming to NI43-101 standards. The Company discovered an extension of the Superjack-A massive sulphide deposit in 2011 and discovered the Maisie gold deposit on its Menneval project in 2012. The Company also owns a significant gold portfolio in Ontario that includes the Reserve Creek gold deposit. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.
For further information: Corporate Inquiries: Mike Taylor, President & CEO, 506.627.1353, Toll Free: 866.523.6719, Info: firstname.lastname@example.org
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer