SLAM Announces Zinc Copper Silver Assays

MIRAMICHI, New Brunswick, Jan. 12, 2024 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSX-V:SXL) (OTC: SLMXF) (“SLAM or the “Company”) is pleased to report assay results up to 12.70% zinc, 13.10% lead and 155 grams per tonne (g/t) silver from grab samples collected from its wholly owned Highway project located in the mineral-rich province of New Brunswick, Canada during a prospecting program in November, 2023. Selected results are as follows:

Sample	East m	North m	Zinc %	Lead %	Copper %	Silver g/t
RP960361	710216	5030598	0.22	0.09	0.01	5.40
RP960367	711194	5030417	12.70	13.10	0.13	155.00
RP960372	711197	5030209	0.11	0.01	0.24	7.90
RP960373	711198	5030209	13.40	7.22	0.17	77.50

Sample RP960361 was collected from bedrock rubble 1,500 m northwest of a historic gold occurrence number 334 in the New Brunswick mineral database. Previous workers reported a channel sample that averaged 2.33 g/t gold over 6.7 metres in a roadside rock-cut at No 334. SLAM has previously reported confirmation of this gold occurrence with 4 grab samples ranging from 0.227 g/t to 2.75 g/t gold.

Samples RP960367, 960372 and 960373 were collected from boulders in the vicinity of the historic Mathews Brook zinc silver occurrence numbered 323 in the New Brunswick mineral database approximately 1,000 metres to the north of No 334.

Figure 1 Highway Aeromagnetics & Mineral Occurrences

SLAM’s wholly owned Highway project comprises 231 claim units covering 5125 hectares and encompasses 11 mineral occurrences discovered by previous works in the 1970’s and 80’s.

Termination of Peninsula Project: SLAM and WhiteRock have mutually agreed to terminate the Peninsula Agreement dated November 7, 2023 and previously announced on November 22, 2023. Both parties have signed a letter whereby SLAM holds no right or interest in the project and has no current or future obligations pertaining to the Peninsula Agreement. This allows SLAM to focus on its wholly owned Menneval and Jake Lee gold projects as well as the Highway and Mine Road critical element projects in New Brunswick.