Welcome to our dedicated page for Slam Exploration news (Ticker: SLMXF), a resource for investors and traders seeking the latest updates and insights on Slam Exploration stock.
SLAM Exploration Ltd. (SLMXF) news covers exploration and corporate updates from its gold and critical metals projects in New Brunswick, Canada. Company releases highlight drilling, sampling and acquisition activity across a portfolio that includes the Goodwin Copper-Nickel-Cobalt Project in the Bathurst Mining Camp, the Menneval Gold Project in northern New Brunswick, and gold projects such as Jake Lee, Highway and Harry Brook in the south of the province.
Investors following SLMXF news can review detailed assay results from diamond drilling at Goodwin, including intervals containing copper, nickel and cobalt from zones such as Farquharson and Granges. Releases also describe gold-focused work at Menneval, where soil grids and quartz veins like the Maisie and No. 18 veins have returned high-grade gold values, and at Jake Lee, where grab and channel samples from the No. 1 vein have reported notable gold and silver grades.
Additional news items discuss the Mine Road zinc-silver project adjacent to the former Heath Steele mine, the acquisition of the Harry Brook gold-antimony project, and SLAM’s participation in investor conferences. As a project generator, the company also reports on cash and share payments received under agreements and the NSR royalties it holds on certain properties. This news feed brings together these exploration, transaction and corporate communications for readers tracking SLMXF.
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SLAM Exploration Ltd. has commenced its 2023 gold exploration program on the Jake Lee project in New Brunswick, aiming to test areas with high gold grades discovered in 2022. The program includes prospecting and trenching, targeting gold-bearing boulders with grades up to 39.300 g/t. SLAM has signed a 12-month marketing contract with Stockhouse for C$62,000 to boost awareness among smallcap investors. The Jake Lee project spans 9,508 hectares and features six claims, with five wholly owned by SLAM. The company is focusing on increasing shareholder communication and has adequate funding for its exploration activities after raising C$76,500 in December financing. The firm also has plans for continued exploration across multiple projects in New Brunswick and Ontario.
SLAM Exploration Ltd. announced plans to launch a gold program at its wholly-owned Jake Lee project in New Brunswick, following the acquisition of necessary permits. The project includes trenching and potential diamond drilling, targeting high-grade gold boulders.
The company also revealed its financial position, holding NSR royalties on eight projects and potential cash and share payments totaling $1,670,000 and $454,000 over the next four years. Additionally, SLAM intends to raise $450,000 through a private placement to support exploration activities. The future of the company's gold and base metal projects depends on exploration results and market conditions.
SLAM Exploration Ltd. has announced the acquisition of the Highway Gold Project by staking mineral claims in New Brunswick, covering significant mineral occurrences. The project is strategically located near the Clarence Stream gold deposit, which is estimated to hold a 2.3 million ounce gold resource. CEO Mike Taylor will present on the company's gold projects at PDAC on March 7, 2023. The company is also involved in agreements with Nine Mile Metals and QNB Metals, facilitating opportunities for additional cash and shares while retaining NSR royalties. SLAM is set to launch exploration programs this year, anticipating further developments in its gold projects.
SLAM Exploration Ltd. announced new gold discoveries at its Jake Lee gold project in New Brunswick, featuring additional gold-bearing float samples with grades of 3.390 g/t and 2.420 g/t. These findings complement the previously reported 39.300 g/t gold boulder. In total, 31 samples from 186 submitted were analyzed, revealing gold concentrations between 0.0100 and 0.661 g/t. The company has plans for further testing through trenching after weather permits. Additionally, SLAM signed a deal with QNB Metals Inc. for the Goodwin Lake project, potentially enhancing their financial position by receiving shares and cash over four years.