Business
SLAM Acquires More Copper Nickel Claims
(TheNewswire) Assays pending o n 214 D iamond Drill Core Samples Ju...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"SLAM Acquires More Copper Nickel Claims\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Assays pending\n \n\n o\n \n\n n 214 D\n \n\n\n\n iamond Drill Core Samples\n \n\n\n\n July 30, 2024 –\n \n\n TheNewswire -\n \n\n Miramichi, New Brunswick ‐ SLAM\nExploration Ltd. (“SLAM” or the “Company”) (TSXV-SXL)\n \n\n announces that further to the news release dated\n \n July 16, 2024\n \n it has closed the\noption\n \n\n agreement dated July 15, 2024 (the\n“Agreement”) to acquire a 100% interest in\n \n\n seven (7) additional mineral claims adjacent to its wholly\nowned Goodwin claims.\n \n\n The expanded Goodwin\nProject comprises 194 units covering 4,239 hectares located 5\nkilometers southwest of the Half Mile copper zinc silver deposit in\nthe Bathurst Mining Camp of New Brunswick.\n \n\n\n\n The Agreement:\n \n\n SLAM has obtained final approval from the TSX Venture Exchange and\nhas made the first share issuance due pursuant to the Option Agreement\nand it has issued 100,000 common shares to Fernand Robichaud (the\n“Optionor”) at a deemed price of $0.05 per share. The securities\nhave a four month and one day hold period which will be expire on\nNovember 24, 2024, pursuant to Canadian securities laws.\n \n\n\n\n SLAM can earn a 100% interest in and to the Goodwin\nProject by making the following cash payments and common share\nissuances over a period of three (3) years:\n \n\n\n\n\n\n\n Due Date\n \n\n\n\n\n\n Common Share Payments\n \n\n\n\n\n\n Cash Payment\n \n\n (CAD)\n \n\n\n\n\n\n\n\n Within 5 business days of approval by the TSXV\nExchange\n \n\n\n\n\n\n 1\n \n\n 00,000\n \n\n\n\n\n\n $5,000\n \n\n\n\n\n\n\n\n On or before the 1\n \n\n st\n \n\n anniversary of\nsigning the Agreement\n \n\n\n\n\n\n 1\n \n\n 00,000\n \n\n\n\n\n\n $1\n \n 0\n \n ,000\n \n\n\n\n\n\n\n\n On or before the 2\n \n\n nd\n \n\n anniversary of\nsigning the Agreement\n \n\n\n\n\n\n 1\n \n\n 00,000\n \n\n\n\n\n\n $\n \n\n 15\n \n\n ,000\n \n\n\n\n\n\n\n\n On or before the 3\n \n\n rd\n \n\n anniversary of\nsigning the Agreement\n \n\n\n\n\n\n 2\n \n\n 00,000\n \n\n\n\n\n\n $\n \n\n 2\n \n\n 0,000\n \n\n\n\n\n\n\n\n Total\n \n\n\n\n\n\n 5\n \n\n 00,000\n \n\n\n\n\n\n $50,000\n \n\n\n\n\n\n\n Upon SLAM earning 100% interest,\n \n\n the Optionor will retain a 2% net smelter retu...