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SLAM Trenching New Gold Targets Near The No. 1 Gold Vein Discovery at Jake Lee
Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada MIR...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"SLAM Trenching New Gold Targets Near The No. 1 Gold Vein Discovery at Jake LeeGold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada MIRAMICHI, NB / ACCESS Newswire / April 16, 2026 / SLAM Exploration Ltd. (TSXV:SXL)(OTCQB:SXLXF) (\"SLAM\" or the \"Company\") is pleased to report it has mobilizing the advance scout team and an excavator to launch the 2026 exploration campaign by testing targets along strike from the No. 1 vein where SLAM reported high grade assays up to 40.5 grams per tonne (\"g/t\") gold and 63.3 g/t silver from channel samples on its wholly owned Jake Lee claims. The Jake Lee project is located 25 kilometers southeast of the Clarence Stream gold deposit operated by Galway Metals Inc. in New Brunswick, Canada.Targets include gold soil anomalies ranging up to 0.466 g/t gold reported March 2, 2026, as well as airborne conductors and aeromagnetic anomalies trending northeast of the No. 1 gold vein where SLAM reported channel samples grading up to 40.5 g/t gold and 63.30 g/t silver over 0.40 meters as announced January 14, 2026. The Company expects to follow with a drilling program to test beneath selected targets including the No. 1 gold vein.Figure 1: The No. 1 Gold VeinThe Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. (Reference: \"Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022\").QA-QC Procedures: The assay results discussed above were previously reported by the Company in News Releases as specified. Reference is also made to airborne surveys by previous workers as documented in NBDNRE Assessment Reports.About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (\"BMC\") of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. Thi...