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SLAM Exploration Acquires 23 Claim Units of Cobalt Properties (523 Hectares) in Bathurst Mining Camp - Video Available on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2017) - SLAM Exploration (TSXV: SXL)...
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[{"type":"text","content":"SLAM Exploration Acquires 23 Claim Units of Cobalt Properties (523 Hectares) in Bathurst Mining Camp - Video Available on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - October 5, 2017) - SLAM Exploration (TSXV: SXL) (OTC Pink: SLMXF) has acquired 2 adjoining cobalt properties that now comprise the Ramsay Brook Cobalt project. The 2 properties, comprised of 23 claim units covering 523 hectares, straddle Highway 180, approximately 25 kilometres west of the Caribou mine operated by Trevali Mining Corp., in New Brunswick's Bathurst Mining Camp.InvestmentPitch Media has produced a \"video news alert\" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"SLAM\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_p5yd41em/Slam-Exploration-TSXV-SXL-Acquired-2-Adjoining-Cobalt-Properties-that-now-Comprise-the-Ramsay-Brook-Cobalt-ProjectThe Bathurst Mining Camp, which occupies a roughly circular area of approximate 70 kilometres diameter in northern New Brunswick, boasts some 46 mineral deposits with well defined tonnage and another 100 mineral occurrences.The history of cobalt on the property, by previous workers, began with a trenching program in 1992, followed by a diamond drill program in 2004. Hole M04-01 intercepted 3.0 metres grading 0.19% cobalt and 0.21% copper, including an intercept of 0.9 metres grading 0.37% cobalt and 0.17% copper. Hole M04-02, collared 100 metres to the northeast cut 0.25% cobalt and 0.16% copper over 0.5 metres. Hole M04-03, collared 11 metres to the southeast did not intersect significant mineralization. Hole M04-04 reported a 24.8 metre interval grading 0.18% cobalt and 0.18% copper, which contained a 4.8 metre interval grading 0.35% cobalt, which further included 0.8 metres of 0.96% cobalt.An addition 5 holes were drilled later in 2004. Hole M04-05 collared 50 metres southeast of Hole number 4, intersected 6.1 metres grading 0.31% cobalt, including 2 metres grading 0.81% cobalt. Hole M04-06, located 65 metres east of hole M04-04, cut three 1.0 metre core intervals, each grading 0.23% cobalt, 0.32% cobalt, and 0.89% cobalt, within a 90-metre length of mineralized rock with anomalous cobalt at 350 parts per million and copper at 970 parts per million.Interval (metres)Cobalt (%)C...