Business
eResearch Issues Update Report on SLAM Exploration Ltd.
Jun. 23, 2011 (Baystreet.ca) -- SLAM Exploration Ltd. (TSX-V: SXL) is a development-stage m...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\neResearch Issues Update Report on SLAM Exploration Ltd.\n\n Jun. 23, 2011 (Baystreet.ca) -- SLAMExploration Ltd. (TSX-V: SXL) is a development-stage mineral exploration companyfocused on both base and precious metals. Slam Exploration has been an active driller on itsthree key properties: Nash Creek (zinc-lead-silver) and the adjacent Silverjack(zinc-lead-silver-copper) both in New Brunswick, and Reserve Creek (gold) inOntario. These drilling efforts have provided further evidence of widespreadmineralization.The drilling at Nash Creek/Silverjack revealed thepresence of a large body of mineralization that could prompt an upward revisionto the Company's current NI 43-101 estimate of 9 million tonnes. Any expansionof this resource could trigger interest from Xstrata, which operates the BMS#12 mine nearby. Xstrata is in need of smelter supply, as BMS #12 is projectedto shut down this year due to ore depletion.Grade values at Reserve Creek are comparable tooperating mines in the region and should generate an NI 43-101 reserveestimate. All thispositive news and the stock is back to July 2010 levels. Go figure!To readthe complete Update Report, click here: http://www.eresearch.ca/_report/SXL_062311-U.pdfAbout Us: eResearch is a primary source for professional investment research,focused primarily on small- and mid-cap companies. Our research and analysis isof institutional quality, and has the potential for reaching millions of globalinvestors through our extensive electronic distribution network.eResearch posts all its reports andarticles on its website, www.eresearch.ca,and subscription is FREE.Contact: eResearch:Bob Weir, CFA, Managing Director, Research ServicesTelephone: (416) 703-6258 Ext 221;E-mail: [email protected] \n\n\n\n","length":2078,"tagName":"div"}]