SLAM CEO Talking About Mine Road Acquisition at PDAC

Core Intervals to 14.51% Zinc, 5.86% Lead, 0.67% Copper and 139.9 g/t Silver

MIRAMICHI, New Brunswick, March 04, 2024 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSXV-SXL) (“SLAM” or the “Company”) announces that CEO Mike Taylor is doing a presentation at The Atlantic Edge Investors Program at PDAC at 3:00 PM Tuesday, March 5 about SLAM’s Mine Road zinc copper silver acquisition reported in a news release September 6, 2023. The Mine Road project is host to 6 volcanic massive sulphide (“VMS”) occurrences spread over a 9.555 hectare group of mineral claims adjacent to the former producing Heath Steele mine in the mineral-rich Bathurst Mining Camp (“BMC”) of northern New Brunswick. For more information on the Atlantic Edge Program, click the Atlantic Edge Investors Program.

Historic Mine Road Drilling: Diamond drill hole IL2014-003 cored a 9 metre interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver on the Railroad zone. Diamond drill hole IL2018-01 intersected 7.0 meters of 0.9% copper on the Roche Trend, 5 kilometres southwest of the Railroad Zone. This drilling data is a small sample of the wealth of data resulting from $1,448,000 in exploration expenditures applied to the Mine Road project during the past 12 years. Current assessment work credits of $428,776 are available for future claim renewals.

Drill-Ready VMS Targets At Mine Road: The Railroad and Roche zones are open to test for potential extensions at depth and along strike. Other targets include the Island Lake, Captain West, Sandburn Brook and Brunsman VMS occurrences along with a number of untested airborne conductors and magnetic anomalies.  

Infrastructure: The Mine Road project is located on the Mine Road (Route 430) which connects the former Heath Steele mine to the city of Miramichi 60 kilometres to the southeast. The claims are accessed from this paved road and a series of logging roads. Electric power is available from lines that connect Heath Steele to the New Brunswick power grid.

Mine Road Project: SLAM has acquired 3 additional mineral claims since acquisition of the Mine Road project. The expanded project now covers 9,555 hectares of mineral potential adjacent to the former producing Heath Steele mine property where 21 M tonnes were mined from 1957 to 1996. A total of 2,330 million pounds of zinc, 833 million pounds of lead, 446 million pounds of copper and 45 million ounces of silver were processed. (For reference, these numbers are derived from: McCutcheon, S.R. (compiler) 1997; Geology and massive sulphides of the Bathurst Camp, New Brunswick; Geological Association of Canada - Mineralogical Association of Canada, Joint Annual Meeting, Ottawa ’97, Field Trip B7, Guidebook, 85 p.)