SLAM Reports Gold Assays From 7.42 to 94.80 g/t Gold and Announces Resignation of Director/CFO

About this update from Slam Exploration Ltd.

[{"type":"text","content":"SLAM Reports Gold Assays From 7.42 to 94.80 g/t Gold and Announces Resignation of Director/CFONew Assay Results from Jake Lee Claims Confirms Recent Discovery MIRAMICHI, NB / ACCESS Newswire / July 9, 2025 / SLAM Exploration Ltd. (TSXV:SXL) (\"SLAM\" or the \"Company\") is pleased to report additional gold assay results from its wholly owned Jake Lee mineral claims, located in southwestern New Brunswick. The results were obtained from grab samples collected during the 2025 trenching program.Eight grab samples were collected from a mineralized quartz vein exposed in bedrock within the first trench of the season (Trench JT25-01). These samples returned assay values from 7.42 grams per tonne (\"g/t\") to 94.80 g/t gold. The following table summarizes the assay results for all eight (8) samples: Sample Location Description Au G/T 458222 JT25-01 QV 15-20 cm wide. 2% Cp-Py-Gn-Bn. 37.9 458223 JT25-01 QV 15-20 cm wide. 2% Cp-Py-Gn-Bn. 26.4 458224 JT25-01 QV 3-5 cm wide. 2% Cp-Py-Gn-Bn. 94.8 458225 JT25-01 QV 15-20 cm wide. 4% Cp-Py-Gn-Bn. 12.7 458226 JT25-01 QV 5-10 cm wide. 2% Cp-Py-Gn-Bn. 10.1 458227 JT25-01 QV 15-20 cm wide. 4% Cp-Py-Gn-Bn. 92.7 458228 JT25-01 QV 15-20 cm wide. 4% Cp-Py-Gn-Bn. 50.4 458229 JT25-01 QV 15-20 cm wide. 4% Cp-Py-Gn-Bn. 7.42 *Abbreviations: Cp-Chalcopyrite, Py-Pyrite, Gn-Galena, Bn-Bornite.Eight grab samples were collected from the newly identified gold vein previously reported by Slam on May 20, 2025. These samples were taken taken from a bedrock vein in Trench JT25-01 and returned assay values ranging from 7.42 g/t to 94.80 g/t gold. The new gold discovery occurs on the flank of a 2,800 meter long aeromagnetic anomaly as shown on Figure 1.According to the NBDNRE website, the New River Gold Occurrence 587 is a placer gold occurrence that dates back to the 1960's. In 1998, a bedrock discovery by prospectors produced grab samples grading up to 5.35 g/t gold. Slam's Discovery Gold Vein is located 2,000 meters east of the New River gold occurrence as shown on Figure 1.Figure 1: Aeromagnetics - Gold Occurrences - Discovery Gold Vein Site Additional samples collected during the 2025 prospecting and trenching program have been submitted to Activation Laboratories Ltd. (\"Actlabs\") in Fredericton, New Brunswick, for gold analysis. Assay results for these samples are pending.Cautionary Statement: Grab and float sa...

More updates from Slam Exploration Ltd.