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SLAM IP Survey Expands Deep Conductive Target East of Granges and Logan Copper Nickel Cobalt Zones at Goodwin
High-Resolution IP Survey Extends Copper-Nickel-Cobalt Target 200 Meters MIRAMICHI, NB / AC...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"SLAM IP Survey Expands Deep Conductive Target East of Granges and Logan Copper Nickel Cobalt Zones at GoodwinHigh-Resolution IP Survey Extends Copper-Nickel-Cobalt Target 200 Meters MIRAMICHI, NB / ACCESS Newswire / August 7, 2025 / SLAM Exploration Ltd. (\"SLAM\" or the \"Company\") (TSXV:SXL) is pleased to announce additional results from an Induced Polarization (\"IP\") survey conducted over the Granges, Farquharson and Logan copper-nickel-cobalt zones on its wholly owned Goodwin claims, located in the Bathurst Mining Camp, New Brunswick.SLAM CEO Mike Taylor states \"We are excited by these results. They continue to show potential to expand the above noted Granges and Logan zones at depth as well as along strike.\" Additional results are pending on a third IP line, L33E, which runs directly over hole GW24-03 in the Farquharson zone. In addition, the Company is soliciting price quotes for line cutting and an IP survey for a grid of lines to cover a 2,000 x 2,000 meter area over the Granges, Farquharson and Logan zones, as well as potential extensions.The IP profile on Line 400E is similar to the profile on L200E which identified a highly chargeable deep conductor situated between the Granges and the Logan zones. SLAM previously reported a 64.90-meter core interval grading 1.49% copper equivalent (\"CuEq\") from 23.60 meters to 88.50 meters in hole GW24-02 drilled on the Granges zone. CuEq grades for hole GW24-02 were calculated using a recovery rate of 85%, based on assay results set out in the table below and previously disclosed in the Company's news releases dated August 7, 2024.Hole IDFromToLengthCopperNickelCobalt*Copper% MMMeters%%%EquivalentGW240223.6088.5064.900.730.640.051.49GW240223.6063.0039.401.110.950.072.23Metal$US/lb Copper**$ 5.07 Nickel**$ 6.89 Cobalt**$ 15.12 *Copper equivalent calculation based on 85% recovery for copper and nickel**Copper equivalent calculated from metal prices posted June 27th, 2025 on Daily Metal Price.Chargeabilities of up to the 619 mV/V that define deep targets on L400E located approximately 200 meters east of the Granges zone. These chargeability anomalies are associated with resistivity lows that indicate potential conductors in the rocks below. Chargeability and resistivity results for the second line (L400E) are presented in Figure 1, along with the corresponding inversion models.F...