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SLAM Exploration Ltd. Soil Samples Grade Up to 206 ppb Gold
MIRAMICHI, New Brunswick, Jan. 19, 2021 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce assay results ra
About this update from Slam Exploration Ltd.
[{"type":"text","content":" MIRAMICHI, New Brunswick, Jan. 19, 2021 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce assay results ranging up to 0.206 g/t gold (206 ppb) collected in a geochemical survey on its wholly owned Menneval gold project in northwestern New Brunswick. Anomalous gold was detected in 72% of the samples in survey. Highlights include an untested 1800 m long trend (“Gold Trend A”) of anomalous gold values along strike from vein No. 18 and other recently discovered extensions to Zone 9. In a news release dated December 03, 2020, the Company reported 12 sites of visible gold in vein No. 18 with assay results grading 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick. The geochemical survey comprises 616 soil samples collected at a sample spacing of 25 m on lines spaced 200 m apart. A total of 544 samples (72 %) contain anomalous gold ranging from 5 ppb to 206 ppb gold. These include 253 samples (41%) greater than 10 ppb and 57 samples (10%) greater than 20 ppb. Most of these anomalous samples occur in areas that have yet to be tested by trenching or drilling. The soil geochemical results are summarized in the following table: Gold Range Percentage Number of Samples 40 ppb – 206 ppb Gold 3% 16 20 ppb – 39 ppb Gold 7% 41 10 ppb – 19 ppb Gold 31% 196 5 ppb – 9 ppb Gold 31% 191 2 ppb – 4 ppb Gold 20% 124 < 2 ppb Gold 8% 48 Total Samples 100% 616 The Company combined the above noted sample data with an earlier batch of 281 samples to generate a contour map. The contours highlight an untested anomalous trend (“Gold Trend A”) ranging from 20 ppb to 206 ppb gold up to 150 m wide over a strike length of 1,800 m and located east of the No. 18 vein. Trend A extends to the eastern limit of the survey and is open eastward. A parallel untested trend (“Gold Trend B”) ranges from 16 to 49 ppb gold over a 600 m strike length located southeast of the Maisie gold vein. Gold Trend C is a 2-line long anomaly ranging from 46 ppb to 102 ppb gold with a strike length of 200 m located on the extreme south edge of the survey. In addition, there are a number of flanking anomalies and more isolated anomalies. Most of these anomalies, including gold trends A, B and C remain untested by trenching or drilling. The results noted above are comparable and generally exceed the results of the first...