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SLAM And Beatrix Announce Drilling Results On Opikeigen Gold Project
Gold Bearing Formations Extended An Additional 100 m Along Strike TSXV: SXL  ...
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[{"type":"text","content":"\n\n\n\n\n\nGold Bearing Formations Extended An Additional 100 m Along Strike\n\n\nTSXV: SXL   US-OTC: SLMF\n\n\nMIRAMICHI, NB, Sept. 13, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) (\"SLAM\")  and Beatrix Ventures Inc. (TSXV: BXV) (\"Beatrix\")  are pleased to announce initial diamond drilling results from the\n Opikeigen Gold Joint Venture, a promising gold project located near\n Fort Hope in northwestern Ontario and owned 50/50 by SLAM and Beatrix.\n The first 2 holes both intersected gold-bearing formations. Hole\n OG11-05 intersected 1.834 g/t gold over 0.7 m within a 33.9 m anomalous\n interval grading 0.149 g/t. Hole OG11-06, drilled beneath hole OG11-05,\n intersected 0.791 g/t gold over 4.5 m within a broad anomalous interval\n grading 0.211 g/t gold over 86.5 m.\n\n\nHoles OG11-05 and OG11-06 were drilled at dips of 50o and 68o respectively from a site 25 m east of hole OL88-52 drilled on zone OL41\n by previous workers in 1988. Assays are pending on 2 additional holes\n OG11-10 and OG11-11 drilled on an induced polarization (IP) target\n along strike 75 m further east. These 4 holes extend Zone 41 to a\n strike-length of 150 m. Geophysical evidence suggests Zone OL41 may be\n an extension of Zone OL12 located 500 m along strike to the west.  Zone\n OL12 has produced significant results in the past including 113.57 g/t\n gold over 0.1 m reported to contain visible gold within a core interval\n grading 6.22 g/t gold over 7.00 m in hole OL87-46. These results\n pre-date NI 43-101 regulations and can only be verified by additional\n drilling.\n\n\nFive additional holes OG11-07 to OG11-11 were drilled bringing the total\n summer program at Opikeigen to 7 holes for a total of 1500 m. Holes\n OG11-08 and OG11-09 both intersected gold-bearing intervals in the\n anomalous range up to 0.483 g/t over 1.5 m. These holes tested induced\n polarization IP/ aeromagnetic anomalies. The new high resolution\n aeromagnetic data indicates that favourable strata and structures are\n centered around Zone OL12, OL41 and the Fort Hope Gold Mine all located\n within the Opikeigen Gold Joint Venture claim group.\n\n\nAll mineralized intervals are reported as drilled core lengths. True\n widths are unknown. Sara Lloyd, P.Geo., Project Manager for  SLAM, is\n the Qualified Person, as defined under N...