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SLAM Discovers Mineralized Quartz Veins
Tracking The Source Of 39.3 Gram/Tonne Gold Float MIRAMICHI, NB / ACCESS Newswire / May 6,...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"SLAM Discovers Mineralized Quartz VeinsTracking The Source Of 39.3 Gram/Tonne Gold Float MIRAMICHI, NB / ACCESS Newswire / May 6, 2025 / SLAM Exploration Ltd. (TSXV:SXL) (\"SLAM\" or the \"Company\") is pleased to announce the discovery of mineralized quartz veins in all three trenches completed to date on its wholly owned Jake Lee mineral claim in the southwest corner of the mineral-rich province of New Brunswick. Trenches JT25-01 to JT25-03 were designed to track the source of four quartz float samples (\"JL22 float\") grading from 1.49 grams/tonne (\"g/t\") up to 39.3 g/t gold previously discovered by Slam (Reference 1 below).All 3 trenches uncovered quartz veins mineralized with up to 3% sulphides including chalcopyrite, galena, arsenopyrite and pyrite. The veins in JT25-01 and JT 25-02 range up to 0.40 meters in thickness. Trench JT25-03 uncovered a 3 meter wide zone of quartz stringers with individual veins ranging up to 0.15 meters. Sulphide mineralization occurs in both the quartz stringers and wall rock. Trench TR2501 is located 20 meters north of the JL22 float as shown on Figure 1. TR25-03 is an easterly extension of TR25-01. Trench JT25-02 is 200 meters to the north and parallel to the first trench. This trench is still in progress.Figure 1: Detail Target J03 - Airborne Resistivity - Gold Soils - Gold Float Figure 2 shows priority gold targets J03 to J05 and the location of trenches JT25-01 to 03 on a background of Calculated Vertical Derivative (\"CVD\") Aeromagnetics on the southeast corner of the Love Jake Lee claim group.Figure 2 Love Jake Lee Southeast - CVD Aeromagnetics - Gold Soil Grids - Gold Float Slam's prospecting team has also discovered a small historic trench on the newly acquired Love Lake gold claim. A 2 kilogram quartz slab flagged with the sample number JR95-04 was found in the trench. This is the likely site of two quartz boulders grading up to 302.5 g/t gold reported by previous workers (Reference 2) in 1992. This is Target J31 on the list of 34 priority gold targets on the Love-Jake Lee claim groups as reported in Slam news release of April 28, 2025. Assays are pending on 26 samples from the prospecting and trenching program submitted ActLabs in Fredericton, New Brunswick for gold analysis.Disclaimer: Grab and float samples are selected samples and may not represent true underlying mineralizatio...