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SLAM Acquires Cobalt Property
SLAM Acquires Cobalt Property Canada NewsWire MIRAMICHI, NB, Oct. 2, 2017 ...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\n\n\n\nSLAM Acquires Cobalt Property\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. 2, 2017\n\n\n\nNew Cobalt Claims Expand SLAM's Bathurst Mining Camp Portfolio \n\n\n\nMIRAMICHI, NB, Oct. 2, 2017 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (\"SLAM\" or the \"Company\") is pleased to announce it has signed an agreement to acquire the Ramsay Brook cobalt property (the \"Property\") from local prospectors. The 2 claim property comprises 18 claim units covering 392 hectares that 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\nThe history of cobalt on the Property began with a trenching program in 1992 followed by a diamond drilling program in 2004 all by previous workers. This historic program included 3 holes located within the Ramsay Brook Property. The first hole numbered M04-01 produced a 0.9 m core interval grading 0.37% cobalt and 0.17% copper within a 3 m interval grading 0.19% cobalt and 0.21% copper.  Hole M04-02 hole collared 100m to the northeast cut 0.25% cobalt and 0.16% copper over 0.5m. The third hole, M04-03 was collared 110m to the southeast but did not intersect significant mineralization. The above results are drill core intervals and true widths were not reported.\n\nThe 2004 drilling program was a follow-up to a series of events dating back to 1989 when a prospector discovered mineralized rubble along a logging road. Subsequent work led to a field investigation by Noranda Exploration in 1991. Fourteen samples were collected from a breccia zone that produced grab samples grading up to 0.86% copper with no record of cobalt analysis.  The following year a mineralized boulder with a reported grade of 5.77% copper was discovered by a prospector (1992). Subsequent trenching confirmed the presence of mineralization but no assays were published. It should be noted that boulders and grab samples indicate the presence of copper mineralization but may not be representative of the overall...