SLAM Acquires Dam Lake Gold Project
MIRAMICHI, New Brunswick, Feb. 08, 2024 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSX-V:SXL) (OTC: SLMXF) (“SLAM or the “Company”) is pleased to report it has entered into an option agreement (the “Agreement”) signed February 6, 2024 with Edge Exploration Inc. (“Edge”) to acquire the Dam Lake gold project adjacent to SLAM’s wholly-owned Jake Lee gold project 30 kilometres west of Saint John in the mineral-rich province of New Brunswick.
- MIRAMICHI, New Brunswick, Feb. 08, 2024 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSX-V:SXL) (OTC: SLMXF) (“SLAM or the “Company”) is pleased to report it has entered into an option agreement (the “Agreement”) signed February 6, 2024 with Edge Exploration Inc. (“Edge”) to acquire the Dam Lake gold project adjacent to SLAM’s wholly-owned Jake Lee gold project 30 kilometres west of Saint John in the mineral-rich province of New Brunswick.
- Edge reported two gold discoveries grading 4.76 g/t (grams/tonne) gold and greater than 5.00 g/t gold in basal till samples collected in 2021 from two overburden drill holes 420 metres apart.
- SLAM discovered anomalous gold in soil samples on a grid 1,000 m to the northeast and previous workers discovered boulders with visible gold and assays up to 302.5 g/t gold at a site 4,100 m northeast of the gold discoveries by Edge.
- SLAM has discovered additional float grading up to 39.2 g/t gold and soil samples grading up to 0.900 g/t gold 12 kilometres further east within the boundary of the Jake Lee gold project.