SLAM Exploration (SXL)...Again
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Posted: Wednesday Apr 13 11:09:26AM 2011
There are expected to be results from the recent drilling at the Reserve Creek Gold find in the next week or two. This is the find that had reported significant grades across large intersections (info available on SEDAR). Given the valuation of Slam right now and confirmation of findings at Reserve Creek should be additive to the stock price.
Posted: Monday Apr 11 9:48:07AM 2011
Slam has recently announced a significant extension to its find at Nash Creek with a deep hole showing 300+ meters of mineralization. If this hole is indicative of what lies beneath the already confirmed 8+million ton deposit Slam could be sitting on a very significant Zinc, Silver, Lead deposit (and that does not include the added tonnage that the adjacent Silverkjack find will add to the puzzle). With infrastructure in place and a major mill that is running out of ore within easy trucking distance, this could be a company making hole.
Posted: Tuesday Dec 7 10:39:40AM 2010
Positive results from the first hole at Reserve creek... Slam announced that they have hit 14M of mineralized iron formation with quartz stringers and there is visible gold in the sample. Not unexpected given that this is a step out from a previously successful drill core but a step in the right direction. Now to wait for the Assay results from Reserve Creek and Silver Jack.
Posted: Thursday Feb 7 9:58:11AM 2008
jude, given current market conditions (particularly for speculative resource stocks) the results were once again overlooked, that despite these results being some of the strongest and most consistent to date from the Hickey Zone. Grades were fairly consistent in the 2-3% range, with the highest assay being 3.47% zinc. Intercept thickness, as well, was quite impressive ranging from 13.5 m to 45.8 m - with the average thickness being 29 m. Again, the tonnage implications for the updated resource are quite significant. And when you consider that in this new discovery, 1400 m of strike length has been tested. So, we essentially have 1.4 km strike length of additional resources on top of the previously announced Nash Creek deposit. 1.4 km of strike length with an additional 600 m of the corresponding geophysical and geochemical anomalies to be drilled. Again, the implications for tonnage increases in the resource are quite impressive when considering this information.
On another note, 15 samples were taken from the Fort Hope Gold Mine this past fall, and the company still awaits results for these. Interestingly, a bulk sample was removed by previous operators - a bulk sample that assayed 8.8 ozs. gold per tonne. Previous operators focussed on a gold bearing quartz vein. SLAM would like to drill a hole or two adjacent to the old shaft.
The Fort Hope Mine was not originally part of the Opikeigan land claims. But SLAM, once again, was on the ball and when the Mine claims lapsed, they staked them and incorporated them into the Opikeigan property. Quite similar to how they managed to "scoop up" the Jake Lee claims.
Also important was the announcement in the last pr that sxl has extended the drill contract for another 10 000 m through 2008.
That being all said, the stock price truly is a disappointment, but it is no reflection of SLAM and its strong fundamentals. These have not changed. In fact they look as promising as ever.
Have a good evening!
Posted: Thursday Feb 7 9:04:34AM 2008
Not sure too many people care in these markets, but despite the lack of recognition and movement, SXL continued to report promising assays yesterday. The Hickey Zone resource continues to grow. Open pit potential of the Nash Creek deposit continues to look promising.
SLAM Exploration reports additional zinc intercepts
10:23 EST Tuesday, February 05, 2008
MIRAMICHI, NB, Feb. 5 /CNW/ - SLAM Exploration Ltd. (TSX-V: SXL) ("SLAM") announces drilling results from 33 additional holes drilled at its wholly owned Nash Creek Project in New Brunswick. Of these twenty-three holes encountered near-surface mineralization ranging from 4.4 to 45.8 metres thick within the Hickey Zone. Drilling results continue to demonstrate the potential for open pit mining with significantly expanded tonnage at the Nash Creek Project. Weighted average grades for selected holes are set out below.
Hole ID From To Core Zinc Lead Silver (Zinc +
m m Thick- % % g/t Lead)
ness x Thick-
------ ----- ----- ----- ---- ---- ----- ------
NC0777 20.27 45.80 25.53 2.66 2.18 27.04 123.46
NC0779 6.00 41.00 35.00 2.33 1.38 26.74 129.90
NC0788 6.00 42.00 36.00 1.10 0.38 8.61 53.16
NC0789 7.50 48.00 40.50 1.25 0.29 7.16 62.46
NC0790 12.00 25.50 13.50 2.24 0.31 4.46 34.43
NC0796 12.00 61.50 45.80 2.40 0.67 18.29 140.59
NC0798 29.13 64.50 35.37 3.27 0.55 17.96 135.15
NC0799 48.00 58.14 10.14 3.61 0.76 25.67 44.35
NC07101 39.00 67.50 28.50 1.96 0.30 8.53 64.46
NC07102 32.75 69.00 36.25 1.68 0.40 16.76 75.47
NC07105 29.30 47.55 18.25 3.74 0.53 15.99 77.94
NC07106 29.30 57.00 27.70 1.97 0.74 14.11 75.16
NC07108 42.60 70.50 27.90 1.65 0.88 20.55 70.53
SLAM management is encouraged by these drilling results which indicate, most importantly, that the strike length of the deposit has been extended from 900 to 1400 metres. As reported 10 July 07, the deposit comprised an indicated resource of 3.24M tonnes grading 4.67% zinc, 0.80% lead and 27.8 g/t silver plus an additional inferred resource of 2.69M tonnes grading 3.65 % zinc, 0.77% lead and 20.0 g/t silver. The resource calculation and other information described in a Technical Report filed 27 August 07 can be viewed at www.sedar.com. Additional information including maps and core pictures from the Nash Creek Project are available for viewing online at http://www.slamresources.com/index.cfm?page=projects-NashCreek.
Assays are pending on 25 additional holes for a total of 100 holes drilled since the most recent resource calculation. Drilling continues and the Company has signed a new contract for drilling of 10,000 metres in 2008. In addition, the Company is conducting more advanced activities in anticipation of development. Dillon Consulting Limited have been engaged to complete geotechnical and hydrogeological assessments in preparation for environmental permit applications. SLAM plans to commission an independent resource estimate, a scoping study, and further metallurgical testing. SLAM management expects to incorporate these activities into a full feasibility study for a future open pit mining and milling operation at Nash Creek.
Posted: Tuesday Jan 8 1:27:27PM 2008
Even though the stock does not reflect the potential and value of the ever increasing resource at Nash Creek, I have to say that these latest news releases definitely instill some confidence and optimism going forward. 100 more holes to go, an ever expanding resource (10 million+ tonnes), metallurgical testing, discussion of scoping study and feasibility study upcoming. We seem to be moving forward nicely...now if the share price would continue to do the same. I still think that a double from here would put us on a similar valuation to other juniors with developing resources.