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SLAM Acquires Additional Cobalt Claims
SLAM Acquires Additional Cobalt Claims Canada NewsWire MIRAMICHI, NB, Oct. 4, 20...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\n\n\n\nSLAM Acquires Additional Cobalt Claims\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMIRAMICHI, NB, Oct. 4, 2017\n\n\n\nNew Claims Expand SLAM's Cobalt Footprint In New Brunswick\n\n\n\nMIRAMICHI, NB, Oct. 4, 2017 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (\"SLAM\" or the \"Company\") is pleased to announce it has signed an agreement to acquire an additional Ramsay Brook cobalt property (the \"New Cobalt Property\") from another group of prospectors.  The new 2-claim property comprises 5 claim units covering 131 hectares contiguous to the Ramsay Brook cobalt property described in SLAM's news release October 2, 2017.  Both properties straddle Highway 180 approximately 25 km west of the Caribou mine operated by Trevali Mining Corp. in the Bathurst Mining Camp (\"BMC\") of New Brunswick, Canada.\n\nGrades up to 0.96% cobalt over 0.8 m were cut in previous diamond drill Hole M04-04.  This occurs within a 4.8m core interval grading 0.35% cobalt and within a 24.8 core interval grading 0.18% cobalt and 0.18% copper.  The M04-04 drill site is located on the New Property 550 m east of hole M04-01 that was described in the October 2nd news release by SLAM.  An additional 5 holes numbered M84-05 to M84-09 were drilled later in 2004.  Hole M84-05 collared 50 m southeast of hole M04-04 intersected 2.0 m grading 0.81% cobalt within a 6.1 m interval grading 0.31% cobalt.  Hole M04-06, located 65m east of hole M04-04, cut three 1.0 m core intervals each grading 0.23% cobalt, 0.32% cobalt and 0.89% cobalt respectively.  These core intervals occur within a 90 m length of mineralized rock with anomalous cobalt (350 ppm) and copper (970 ppm).  The remaining three holes intersected mineralized core with anomalous levels including 371 ppm cobalt and 1610 ppm copper over 4.0 m in M04-07; 346 ppm cobalt and 1953 ppm copper over 4.0 m in M04-08; 378 ppm cobalt and 817 ppm copper over 13.3 m in M04-09.  These drilling results are drill core intervals and true widths were not reported.\n\nThe signed optio...