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SLAM Completes Drilling Program At Reserve Creek Gold Project
Veining and Mineralization Intersected In All Six Holes TSXV: SXL   US-OTC...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\n\n\n\n\n\nVeining and Mineralization Intersected In All Six Holes\n\n\nTSXV: SXL   US-OTC: SLMF\n\n\nMIRAMICHI, NB, Aug. 25, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV:SXL) (US-OTC: SLMF) (\"SLAM\")  announces completion of the summer drilling program. Six holes were\n drilled for a total of 1137 m at Reserve Creek in Northwestern Ontario.\n This program utilized new high resolution airborne magnetic data to\n prioritize anomalies and test for extensions within 1,000 m of the\n Reserve Creek gold deposit.  Quartz veining and pyrrhotite-pyrite\n mineralization occur in all 6 holes locally with traces of molybdenum\n and copper. Anomalous assay results indicate up to 0.88 g/t gold over\n 2.0 m. Molybdenum grades up to 0.45% molybdenum over 0.5 m and copper\n 0.38% over 0.5 m.  These occur within a 29 m interval grading 0.05%\n molybdenum and 0.07% copper in hole RS11-49 located 1,000 m east of the\n Reserve Creek gold deposit.\n\n\nPrior to this phase of drilling, SLAM drilled 47 holes on the Reserve\n Creek deposit. Thirty-eight of 47 holes hit significant intervals\n ranging from 1.53 g/t gold over 1.5 m to 16.45 g/t gold over 16.85 m. \n SLAM is evaluating these results and future work is planned to test the\n down-plunge extent of the deposit.\n\n\nAfter the Reserve Creek program 7 holes were drilled on the Opikeigen\n gold joint venture with Beatrix Ventures Ltd. (TSXV:BXV). The program\n at Opikeigen tested a series of targets along strike from known gold\n occurrences identified by previous drilling and prospecting.  The\n program utilized the new high resolution aeromagnetic survey data\n combined with induced polarization (IP) and soil geochemistry from\n previous surveys to identify targets. Assay results are pending.\n\n\nDerek F. Brown, P.Geo., consultant to SLAM, is the Qualified Person, as\n defined under NI 43-101 regulations, responsible for the technical\n results reported in this news release. All core was delivered to a\n secure site for logging and sampling. The BTW size core is split in\n half along the core axis; one half is sent to Accurrassay Laboratories\n and the other half retained for future reference. Accurrassay is using\n a 30-gram split for gold fire assay with AA finish. Selected samples\n were analysed multi-element ICP analysis. Standard and blank samples\n are ...