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SLAM Acquires New Copper Nickel Cobalt Showing Adjacent to Goodwin
Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada MIR...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"SLAM Acquires New Copper Nickel Cobalt Showing Adjacent to GoodwinGold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada MIRAMICHI, NB / ACCESS Newswire / March 11, 2026 / SLAM Exploration Ltd. (TSXV:SXL) (\"SLAM\" or the \"Company\") is pleased to announce it has acquired a copper-nickel-cobalt showing in a diamond drill hole adjacent to our Goodwin Project through an option agreement signed February 18, 2026. This showing occurs on a 175 hectare claim known as the Mount Raymond property. Acquisition of this claim expands the Goodwin project to cover 12,500 hectares of copper, nickel and cobalt potential within a 25 kilometer belt of mineralized gabbros and volcano-sedimentary rocks. The road-accessible Goodwin project is located in the mineral-rich Bathurst Mining camp of New Brunswick, Canada.The Mount Raymond claim covers a cobalt-copper-nickel occurrence grading up to 0.43% copper, 0.12% nickel and 0.11% cobalt associated with semi-massive to massive sulphide mineralization comprised of pyrrhotite with chalcopyrite over a core length of 1.65 meters in a 2011 drill hole by previous workers. Other reported samples in the hole assayed 0.18% cobalt and 0.12% vanadium each over 1.0 meter respectively. (New Brunswick Department of Natural Resources and Energy Development, Mineral Occurrence Database, Reference No. 1529 and New Brunswick Assessment Report 477287).To acquire the claim, the Company entered into an arm's length option agreement with Great Atlantic Resources Corp. (the \"Optionor\") on February 18, 2026 (the \"Agreement\"), to acquire a 100% interest in one mineral claim known as the Mount Raymond Property (the \"Property\") located in the Province of New Brunswick. To acquire a 100% interest in and to the Property, SLAM must, over a period of three (3) years: (i) pay the Optionor an aggregate of CAD $82,500; (ii) issue to the Optionor a total of 675,000 common shares (the \"Shares\"); and (iii) incur a minimum of $200,000 in qualifying expenditures, all in accordance with the following schedule:Due DateCommon Share PaymentsCash PaymentExpenditure RequirementWithin 5 days receipt of approval from the TSX Venture Exchange100,000$7,500-On or before 1st anniversary of signing the Agreement125,000$15,000-On or before 2nd anniversary of signing the Agreement150,000$25,000-On or before 3rd ...