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. reports mineral exploration and financing developments for a New Brunswick resource portfolio built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp. Company updates commonly cover drilling, soil sampling, channel sampling and assay results for copper, nickel, cobalt, gold, silver and antimony targets, including Jake Lee, Menneval and Harry Brook.
News also includes claim acquisitions, OTCQB trading status and private placements of flow-through and non-flow-through units used to fund Canadian exploration work. Financing updates may address warrants, Canadian exploration expense treatment, Critical Mineral Exploration Tax Credit eligibility and related-party participation under MI 61-101.
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.
SLAM Exploration Ltd. has completed a diamond drilling program at its wholly-owned Menneval gold project in New Brunswick, yielding significant gold results. Core intervals showed gold grades reaching 56.9 g/t over 0.5 meters. In total, four out of five holes on the No 18 vein contained gold-bearing intervals, with notable grades from 0.09 g/t to 56.90 g/t. Additionally, five of six holes on the Maisie vein also reported gold, with the company considering a follow-up program. The project has received a $30,000 grant under the NBJMAP.
SLAM Exploration Ltd. announced a new drilling contract for its Menneval gold project in New Brunswick, Canada, intending to drill approximately 1,000 meters across 10 holes. This program will target two significant gold zones, with up to 6 holes planned for Zone 18, which previously reported intervals grading as high as 162.5 g/t gold. The company also detected gold anomalies in soil samples from its Jake Lee and Portage projects. The drilling initiative is partially funded by a $30,000 grant from the New Brunswick Junior Mining Assistance Program.
SLAM Exploration Ltd. announced its intention to apply for an extension of the expiry date of 1,880,168 common share purchase warrants from August 11, 2022, to August 11, 2024. The exercise price will remain at $0.08. These warrants, issued during a non-brokered private placement on August 11, 2020, have not been exercised in the last six months. The amendment is subject to approval from the TSX Venture Exchange.
SLAM holds extensive mining claims in New Brunswick and Ontario, focusing on gold and base metals, with a portfolio that includes several promising properties.