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SLAM Exploration AGM Update - SLAM Annual General Meeting 2011 Summary
TSXV: SXL   US-OTC: SLMF MIRAMICHI, NB, Aug. 10, 2011 /CNW/ - SLAM Explorati...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\n\n\n\n\n\nTSXV: SXL   US-OTC: SLMF\n\n\nMIRAMICHI, NB, Aug. 10, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) (\"SLAM\") would like to thank our valued shareholders for their participation in\n this year's annual general meeting, held in Miramichi, New Brunswick,\n on July 28th, 2011 and offer a brief recap for those not in attendance.\n\n\nThe meeting was held in the Rodd Miramichi Hotel, to facilitate the\n election of the board of directors, a financial review, presentations\n on the company's current and planned operations and an opportunity for\n shareholders to ask questions.\n\n\nAfter introductions and nominations, the current board were all duly\n re-elected and McGovern, Hurley, Cunningham, Chartered Accountants were\n re-appointed as auditors. CEO, Michael Taylor reviewed current\n exploration activities at Reserve Creek Gold and Opikeigen Gold\n projects. Mr. Taylor also discussed the positive implications of the\n deep hole, NC11-220 at Nash Creek, which encountered mineralization\n below the known deposit. The company is currently cutting grid lines in\n preparation for deep Induced Polarization (IP) testing to be followed\n by diamond drilling. The positive results of Dense Media Separation\n tests were also discussed. They could have a significant impact on\n transportation and processing costs and thereby improve the economic\n viability of the Nash Creek deposit.\n\n\nDiscussion also focused on SLAM's recent agreements with other\n exploration companies on the Keezhik and Miminiska gold properties.\n These other companies will be paying the exploration costs as well as\n share and cash payments to SLAM in return for an interest in each\n respective property.  Mr. Taylor stated that the company would seek\n further agreements and partnerships with the goal of funding more of\n SLAM's stable of 18 properties. Shareholders will see activity on at\n least 7 properties this year including Reserve Creek, Nash Creek,\n Opikeigen, Silverjack, Miminiska, Keezhik and Nepisiguit, in part\n funded by other companies through exploration agreements.\n\n\nCorporate Communications Manager, Brian Jones discussed SLAM's upcoming\n initiatives to broaden corporate awareness through increased use of\n Internet advertising and efforts to expand exposure within the\n investment industry. Additionally...