Business
SLAM Exploration Ltd. Acquires Copper Silver Gold Property
MIRAMICHI, New Brunswick, Sept. 10, 2020 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has acquired
About this update from Slam Exploration Ltd.
[{"type":"text","content":" MIRAMICHI, New Brunswick, Sept. 10, 2020 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has acquired the Patapedia copper-silver-gold property located 10 km west of its wholly owned Menneval Gold project in northwestern New Brunswick. The Patapedia property is host to 3 mineral occurrences listed in the New Brunswick Department of Natural Resources database as Patapedia South, Patapedia Central, and Patapedia North zones. The current focus is on the copper-silver-gold mineralization in Patapedia South. The “PATAPEDIA SOUTH” prospect, also referred to as “The Copper Breccia Zone” was drilled by 13 holes in 1973. This limited drilling program tested the zone over a strike length of approximately 200 m and to a depth of 110 m with potential for extensions along strike and at depth. Historical drilling results by previous workers are reported for selected holes as follows: Drill Hole From m Core Length Copper % Silver g/t Gold g/t NQN 73-10 92.66 0.30 6.00 115.50 0.69 NQN 73-10 110.9 0.90 0.85 96.60 0.52 NQN 73-09 68.36 0.21 3.80 69.70 0.34 NQN 73-09 82.9 0.61 2.24 48.30 1.03 NQN 73-07 86.56 0.61 8.86 143.10 0.52 NQN-73-06 20.73 0.76 2.20 64.80 0.76 NQN-73-06 35.36 0.30 10.55 66.20 0.30 UTM NAD83 Z19 location coordinates and collar data for the selected holes are tabled below: Drill Hole East UTM North UTM Dip Azimuth Final Depth NQN 73-10 618931 5299015 -60 165 137.2 NQN 73-09 618877 5299017 -60 165 163.7 NQN 73-07 618908 5299017 -60 165 139.5 NQN-73-06 618899 5299037 -40 165 126.9 Data Verification - Analytical QA/QC Procedures: The drilling results reported above are derived from assessment reports of work on file at the New Brunswick Department of Natural Resources and Energy. The results pre-date NI43-101 and are derived from Assessment Reports signed by geologists employed at that time by large corporations. It is assumed that such large companies had an acceptable level of QA/QC procedures in effect. Mike Taylor, P.Geo. President and CEO of SLAM Exploration Ltd., as the Qualified Person, has reviewed the drilling results and has found them to be well documented, consistent and reliable. However, the results are based on historical records and can only be verified by drilling. The Patapedia Copper Silver Property Acquisition: The Company...