- Slam Exploration (TSXV:SXL) reported a second gold discovery up to 16.20 grams per ton (g/t) of gold on its Jake Lee mineral claims in New Brunswick
- The result follows grab samples up to 94.80 g/t gold reported on July 9
- Slam Exploration is a resource company and project generator with a 40,000-hectare portfolio of mineral claim holdings in New Brunswick
- Slam Exploration stock has added 166.67 per cent year-over-year but remains down by 38.46 per cent since 2020
Slam Exploration (TSXV:SXL) reported a second gold discovery up to 16.20 g/t gold on its wholly owned Jake Lee mineral claims in New Brunswick.
This content has been prepared as part of a partnership with Slam Exploration Ltd., and is intended for informational purposes only.
The result is part of a new mineralized zone, now known as JL No. 2, located about 100 metres from the initial JL No. 1 discovery reported on July 9 yielding up to 94.80 g/t gold.
Both zones reside about 2,000 meters east of the historic New River gold occurrence, which delivered 1998 bedrock grab samples up to 5.35 g/t gold, with all three areas coinciding with 2,800 metres of aeromagnetic anomalies extending across the Jake Lee claims, as depicted in the featured image.
Trenching slated for September aims to further delineate JL No. 1 and JL No. 2’s potential, representing only a pair among 34 gold targets identified at Jake Lee and the adjacent Love Lake claim group, including a historical quartz float occurrence of 302.5 g/t gold, 7,316 soil geochemical anomalies up to 10 g/t gold, as well as 60 stream sediment samples up to 3.58 g/t gold.
According to Thursday’s news release, Slam has also requested proposals for a 4,000-metre drilling program on its Goodwin copper, nickel and cobalt project after identifying chargeability anomalies suggesting potential extensions of mineralization at depth.
About Slam Exploration
Slam Exploration is a resource company and project generator with a 40,000-hectare portfolio of mineral claim holdings in New Brunswick. The company expects to receive significant cash and share payments in 2025.
Slam Exploration stock (TSXV:SXL) is up by 6.67 per cent on the news trading at C$0.08 as of 9:37 am ET. The stock has added 166.67 per cent year-over-year but remains down by 38.46 per cent since 2020.
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