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SLAM Exploration Ltd. Drills Gold Mineralization in Maisie Zone
MIRAMICHI, New Brunswick, Oct. 05, 2020 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce the results from
About this update from Slam Exploration Ltd.
[{"type":"text","content":" MIRAMICHI, New Brunswick, Oct. 05, 2020 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce the results from a diamond drilling on its wholly owned Menneval Gold project in northwestern New Brunswick. Gold mineralization was intersected in all 9 holes ranging from 0.10 g/t up to 10.3 g/t gold over 0.3 m. The Company completed 9 diamond drill holes for a total of 624 m that test the Maisie gold vein over a strike length of 250 m. All 9 holes intersected quartz and carbonate zones representing the Maisie vein over core lengths ranging from 0.2 m to 1.1 m at down hole depths ranging from 28 m to 105 m. Previous trenching and drilling programs traced the Maisie gold‐bearing quartz vein over a strike‐length of 700 metres and to a depth of 30 metres. Hole_ID From_m interval_m Au_g/t MG2065 58.60 0.90 0.33 MG2065 61.28 1.42 0.29 MG2065 66.16 0.50 0.67 MG2066 36.79 0.10 1.45 MG2067 29.00 0.30 3.61 MG2068 36.55 0.35 0.07 MG2069 17.50 1.10 0.50 MG2069 18.60 0.30 10.30 MG2070 20.00 0.55 3.05 MG2070 20.55 1.45 0.45 MG2071 26.80 0.20 0.10 MG2072 78.90 0.50 0.45 MG2072 79.40 1.10 0.25 MG2073 105.07 0.38 0.17 Drill collar data For the drilling program is tabled below: Hole_ID Dip Az Depth m East_UTM North_UTM MG20-65 -50 180 104 629191 5297380 MG20-66 -50 180 77 629087 5297325 MG20-67 -45 340 41 629314 5297393 MG20-68 -55 340 62 629314 5297393 MG20-69 -50 155 41 629298 5297422 MG20-70 -50 170 38 629298 5297422 MG20-71 -65 170 50 629303 5297445 MG20-72 -65 170 92 629295 5297467 MG20-73 -60 165 119 629189 5297401 The Company recently announced the new discovery of a series of quartz veins uncovered by trenching in the area south of the Maisie vein adjacent to Zone 9. The new veins range up to 1 m thick and are mineralized with limonite and locally pyrite. Visible gold was reported from two of the veins. The Company collected 42 grab samples from the trenches and 282 soil samples from the trench area. Pending assays from the grab samples, additional trenching is planned for this new gold discovery. The drilling program is supported in part by a $30,000 contribution to the Menneval Gold project under the New Brunswick Junior Mining Assistance Program. The Menneval Project: Based on the new gold discovery, the Company staked 11...