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SLAM Receives Approval On Portage Zinc Acquisition
SLAM Receives Approval On Portage Zinc Acquisition Canada NewsWire MIRAMICHI, NB...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\n\n\n\nSLAM Receives Approval On Portage Zinc Acquisition\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMIRAMICHI, NB, Dec. 18, 2017\n\n\n\nTSX Venture Exchange Approves Zinc Deal In Bathurst Mining Camp\n\n\n\n\nMIRAMICHI, NB, Dec. 18, 2017 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (\"SLAM\" or the \"Company\") is pleased to announce the TSX Venture Exchange has conditionally approved the agreement to acquire the Portage zinc-lead-copper-silver property that was announced by news release Nov 6, 2017.  The 3-claim Portage property comprises 38 claim units covering 827 hectares contiguous to mineral claims already owned by SLAM.  The Portage property now covers 3004 hectares accessible by logging roads and located 2 km from the Restigouche VMS deposit owned by Trevali Mining Corp. in the Bathurst Mining Camp (\"BMC\") of New Brunswick, Canada.\n\nThe property is host to the Portage volcanogenic massive sulphide occurrence discovered by previous workers in 1976.  Approximately 15 historic diamond drill holes have been drilled on or near this mineral occurrence. Significant early results include a 25.30m core interval grading 3.27% zinc, 0.52% lead and 0.30% copper containing 3.35m at 5.81% zinc, 2.97% lead and 0.61% copper in hole CP77-57.    Mineralization was detected over a strike length of 450 m and to a depth of 250m and is open at depth with potential for extensions along strike.  The setting and style of mineralization is similar to the Restigouche deposit located 4km to the northeast.  SLAM's prospecting team has verified the locations of previous drill holes and rates the Portage as a high priority, drill-ready zinc target.  \n\nOther BMC Properties:  Utilizing a technical database that covers the entire BMC, the Company has acquired 15 projects covering 29,000 hectares of mineral land in this mineral-producing district.  These include the Portage, North Rim, Connector and Lower 44 zinc projects as well as the Ramsay cobalt project.\n\nQA-QC Procedures: The technical information refe...