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SLAM Exploration (SXLXF) launched a 2026 diamond drilling campaign at the Jake Lee gold project and signed a 7,000-meter drilling contract on April 30, 2026. Drilling targets the No. 1 vein, testing beneath channel samples that graded up to 40.5 g/t Au and 63.3 g/t Ag. The company will test up to 500 m on the No. 1 vein before moving the rig. SLAM also closed initial TSXV-approved share issuance for the Moose Brook option and cancelled a previously announced warrant extension.
SLAM Exploration (OTCQB:SXLXF, TSXV:SXL) hired John Dinan, P.Geo. as Exploration Manager to expand field work for copper, nickel, cobalt, antimony and gold in New Brunswick. SLAM holds an 11-project, 56,000-hectare portfolio. The board also granted 300,000 stock options at $0.08, exercisable through April 29, 2029.
SLAM Exploration (OTCQB:SXLXF) announced DTC eligibility on April 20, 2026, enabling electronic clearing and settlement of its common shares in the U.S.
DTC eligibility and recent trading on the OTCQB aim to simplify U.S. trading, improve liquidity, and broaden access for U.S. investors to SLAM's New Brunswick gold and critical mineral portfolio, which includes Goodwin, Moose Lake, Mine Road, Jake Lee and Menneval projects.
SLAM Exploration (OTCQB:SXLXF) has mobilized an advance scout team and excavator to begin its 2026 exploration campaign at the wholly owned Jake Lee claims in New Brunswick.
The program will test targets along strike from the No. 1 gold vein, following previously reported channel assays up to 40.5 g/t Au and 63.3 g/t Ag over 0.40 m, soil anomalies to 0.466 g/t Au, and airborne/aeromagnetic conductors; drilling is planned to test beneath selected targets.
SLAM Exploration (OTC:SXLXF) entered an option agreement dated March 30, 2026 to acquire the Moose Lake antimony project, adding to its contiguous Slacks Lake holdings to cover 3,567 hectares in New Brunswick's Bathurst Mining Camp.
Previous work reported grab samples up to 4.32% antimony and 0.894 g/t gold. Consideration to earn 100% is CAD $80,000 and 600,000 shares over three years; a 2% NSR remains, with a 1% buyback for $1,000,000. SLAM also proposes a one-year extension for 2,700,000 warrants exercisable at $0.05, subject to TSXV approval.
SLAM Exploration (TSXV:SXL • OTCQB:SXLXF) announced its common shares began trading on the OTCQB Venture Market at the open on April 1, 2026 under the ticker SXLXF. The move aims to increase U.S. investor access, U.S. dollar trading during U.S. hours, and visibility ahead of 2026 drilling programs.
The company said OTCQB listing supports liquidity and broader North American exposure as SLAM advances the Goodwin copper-nickel-cobalt project and plans follow-up diamond drilling on recent gold discoveries at Jake Lee and Menneval in New Brunswick.