SLAM drills 8.27% zinc over 6.0 m near BMS No. 12 Mine

About this update from Slam Exploration Ltd.

NEAR-SURFACE MASSIVE SULPHIDES SHOW OPEN PIT MINING POTENTIAL TSXV: SXL   US-OTC: SLMF MIRAMICHI, NB, Jan. 11, 2012 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce a 6.0 m core interval grading 0.38% copper, 8.27% zinc, 1.98% lead and 79 g/t silver at a depth of 5.0 m in hole NP11-43 at its wholly owned Nepisiguit project located 15 km west of the BMS No. 12 Mine operated by Xstrata in northern New Brunswick. This near-surface interval occurs within a 19.2 m zone of massive sulphides that starts from the drill casing at 3 m. Selected results for holes NP11-43 to NP11-45 are summarized in the table below. Hole ID From m Length m True Width*m Copper % Zinc % Lead % Silver g/mt NP11-43 3.00 19.20 16.70 0.44 4.33 1.12 61   Includes 5.00 6.00 5.22 0.38 8.27 1.98 79 NP11-44 10.85 13.55 11.79 0.41 3.16 0.91 44   Includes 14.15 4.35 3.78 0.37 6.01 1.65 75 NP11-45 6.00 10.10 8.79 0.31 4.15 1.09 28 NP11-45 24.70 19.30 16.79 0.42 4.48 1.51 69   Includes 36.00 8.00 6.96 0.51 7.14 2.16 96 *True widths are preliminary estimates based on observed core angles. These 3 holes were drilled at 15 m spacing on the same section as hole NP11-16 announced by press release October 22, 2011. They are part of a series of holes designed to outline the grade and tonnage of near-surface mineralization at Nepisiguit. Assays are pending on an additional 40 holes. The primary objective of the program is to drill enough holes to define a NI43-101 compliant resource including a near-surface component amenable to open-pit mining. About Nepisiguit:  SLAM's 100% owned Nepisiguit project comprises 78 claims covering 1770 hectares located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide deposit discovered in 1956. Previous workers defined 3 zones known as the Nepisiguit A, B and C zones with a series of shallow holes that pre-date NI-43-101 standards. The Nepisiguit drilling program is being funded in part by a $50,000 grant from the New Brunswick Junior Mining Assistance Program. Qualifying Statements:  SLAM Project Geologist, Sara Lloyd, P.Geo. is the Qualified Person responsible for the technical information contained herein. Drill cores were delivered from the drill to a secure site for logging and sampling. The sa...

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