Business
SLAM And Beatrix Initiate Drilling On Opikeigen Gold Project
Jul. 5, 2011 (Canada NewsWire Group) -- Diamond Drilling In Progress On High Priority Gold T...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\n\n\n Jul. 5, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nDiamond Drilling In Progress On High Priority Gold Targets\n\n\nTSXV: SXL   US-OTC: SLMF\n\n\nMIRAMICHI, NB, July 5, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM")  and Beatrix Ventures Inc. (TSXV: BXV) ("Beatrix")  are pleased to announce diamond drilling is in progress at the 50/50\n Opikeigen Gold Joint Venture located near Fort Hope in northwestern\n Ontario.\n\n\nThe initial target is a 25 m step out eastward from hole OL88-52\n previously drilled in 1988 on zone OL41. Zone 41 was discovered in 1987\n and tested by 3 holes spaced at 25 m intervals over a strike-length of\n 50 m. All 3 previous holes intersected a broad shear zone with\n gold-bearing quartz veins and sulphide mineralization within a mafic\n volcanic/gabbro sequence. The most significant of these 3 was OL87-41\n with 6 gold-bearing intervals ranging in grade from 1.65 g/t gold up to\n 6.73 g/t over core lengths of 3.2 m and 0.4 m respectively.\n\n\nGeophysical evidence suggests Zone OL41 is an extension of Zone OL12\n located 500 m along strike to the west.  Zone OL12 has produced\n significant results in the past including 113.57 g/t gold over 0.1 m\n reported to contain visible gold within a core interval grading 6.22\n g/t gold over 7.00 m in hole OL87-46. These results pre-date NI 43-101\n regulations and can only be verified by additional drilling. In 2010\n SLAM and Beatri...