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Slam Exploration Ltd. (SXL.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0700+0.0100 (+16.67%)
At close: 2:00PM EDT
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Previous Close0.0600
Open0.0600
Bid0.0650 x 0
Ask0.0650 x 0
Day's Range0.0600 - 0.0700
52 Week Range0.0200 - 0.1600
Volume458,319
Avg. Volume75,577
Market Cap3.482M
Beta (5Y Monthly)1.24
PE Ratio (TTM)N/A
EPS (TTM)-0.0040
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • SLAM Gold Trenching & Drilling Program Approved
    GlobeNewswire

    SLAM Gold Trenching & Drilling Program Approved

    Program Designed To Test Recent 2020 Gold DiscoveriesMIRAMICHI, New Brunswick, May 11, 2021 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has received approval from the NBDRED for the proposed 2021 trenching and drilling program at the Menneval gold project located in the mineral-rich province of New Brunswick. The trenching program will test new 2020 gold discoveries, gold soil anomalies and other priority targets with significant potential for additional gold discoveries. Targets include three veins: No 2, No 18 and No 22 where the Company reported visible gold in 2020. Grab samples from the No 2 vein ranged up to grading 363.00 g/t and up to 11.30 g/t in vein No 22. Multiple sites of visible gold were supported by assay results grading 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick as reported December 03, 2020. These veins are part of a swarm of gold-bearing veins extending eastward over a strike-length of 1,100 m. This vein system has only been tested intermittently and is open eastward. The trenching program will also test gold Trend A over a strike length of 1,800 m. Trend A is a region of elevated gold values up to 150 m wide where soils contain from 20 ppb to 206 ppb gold as reported on January 19, 2021. Three other soil trends B, C and D were reported. The Company expects to start testing these priority targets by trenching on or about May 18, 2021. The Menneval Project: The expanded Menneval Gold project is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. The Company has applied for funding assistance up to $100,000 under the New Brunswick Junior Mining Assistance Program. About SLAM Exploration Ltd: SLAM is a project-generating resource company with a portfolio of precious metal and base metal properties in New Brunswick and Ontario. Some properties are vended to other in return for cash and/or shares with NSR royalties retained by the Company. The Company focus is the Menneval Gold project where the 2021 trenching program is ready to commence in northern New Brunswick. The Company owns the Gold Brook, the Birch Lake gold, Wilson Brook gold and Lewis Brook silver projects in central New Brunswick. SLAM also owns 7 gold properties located in the vicinity of Clarence Stream where Galway Gold Inc. has reported successful gold drilling results in southern New Brunswick. SLAM recently acquired claims adjacent to the Williams Brook property where Puma Exploration Inc. has reported new gold discoveries. SLAM also owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold. QA-QC - Sampling Procedures The trenching and soil geochemical results referenced above were previously reported as were the QA-QC - Sampling Procedures. Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release. Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION:Mike Taylor, President & CEOContact: 506-623-8960 mike@slamexploration.com Eugene Beukman, CFOContact: 604-687-2038 ebeukman@pendergroup.ca SEDAR: 00012459E

  • Slam Acquires New Gold Properties
    GlobeNewswire

    Slam Acquires New Gold Properties

    SLAM Exploration Acquiring More Properties In Emerging Gold DistrictMIRAMICHI, New Brunswick, April 07, 2021 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to report the acquisition of 2 new mineral claims through a Purchase Agreement with a prospector. The claims cover till anomalies ranging up to 580 parts per billion (“ppb”) gold and are adjacent to the Triple Fault claims owned by Puma Exploration Inc.(“Puma”) and is located 100 km west of Bathurst New Brunswick. Puma reports that “previous holes intersected 11.2 g/t over 2.8m, 8.02 g/t Au over 1.0m, 1.0 g/t over 23.0m, 3.46 g/t Au over 2.0m” and the presence of “many gold occurrences up to 109.0 g/t, 50.8 g/t Au, 28 g/t Au, 17 g/t Au” on its Triple Fault claims. The Company bought 100% interest in two mineral claims in return for 70,000 shares. The Vendor retains a 2% NSR royalty. SLAM holds the right to buy back 1% NSR for $1,000,000 and holds right of first refusal on the remaining 1% NSR. The NSR does not apply to additional claims staked by the Company adjacent to the Purchase Agreement claims. The Williams Brook East Gold Property: One claim comprising 7 units was acquired in the Purchase Agreement. SLAM acquired an adjacent claim comprising 35 units by E-staking (on the NB-Eclaims portal). The combined claims cover 912 hectares of prospective ground with till anomalies ranging up to 580 ppb. Two regional faults cutting through the property confirm this to be part of the Triple Fault area. The Jonpol East Gold Property: One claim comprising 5 units was acquired in the Purchase Agreement. SLAM acquired an adjacent claim comprising 45 units by E-staking. The combined claims cover 1,086 hectares of prospective ground with till anomalies ranging up to 28 ppb and located 1,000 m east of the Simpson Field gold occurrence. The Ramsay Gold Property: SLAM staked an additional 3 claims adjacent to its previously staked Ramsay mineral claim. The Ramsay property now comprises 100 units in 4 claims covering 2392 hectares of prospective ground with a number of till anomalies ranging up to 34 ppb gold. The Ramsay property is transected by the Greys Gulch, McCormack Brook, McIntyre Brook, Ramsay Brook and Simpson Brook faults and is adjacent to the Ramsay copper-cobalt occurrence which has been described as an IOCG (Iron Oxide Copper Gold) type of occurrence. All three properties are located just south of the Rocky Brook-Millstream Break (“Millstream Break”) adjacent to the Triple Fault properties owned by Puma. The Millstream Break is a major Appalachian structure associated with significant gold discoveries in New Brunswick including the Williams Brook gold discovery owned by Puma Resources Inc. and the Elmtree gold deposit owned by Canadian GoldCamps Corp. as well as SLAM’s Wilson Brook gold property located 60 km to the southwest. SLAM’s Flagship Menneval Gold Project: SLAM’s 2020 exploration program resulted in discovery of numerous new gold-bearing veins including No 18 where the Company reported 12 sites of visible gold and assay results grading 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick. A soil geochemical survey comprising 897 samples detected gold levels ranging up to 683 ppb gold and anomalous gold trends up to 1,800 m long. These gold anomalies are located close to and along strike from known gold veins and are largely untested. More information is available on SLAM’s new website www.slamexploration.com. The new gold vein discoveries and associated soil anomalies suggest potential for sizeable and economically viable gold deposits in an area with excellent access and infrastructure. They are hosted with a sequence of sedimentary and intrusive rocks that occupy an antiformal structure in the footwall of the Restigouche fault. The Restigouche fault is part of a major Appalachian suture that extends from the Haile gold mine operated by OceanaGold in South Carolina through Marathon’s Valentine Lake gold deposit in Newfoundland to Dalradian’s Curraginalt gold deposit in Ireland. The Menneval gold project comprises 572 mineral claim units in 8 mineral claims covering 12,450 hectares The Company holds a 100% interest in the claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. The Company intends to focus its 2021 exploration strategy on the Menneval gold project. The first priority of the 2021 exploration program is to test significant gold trends in soils as reported by the news release dated January 19, 2021 and potential extensions of gold veins discovered in 2020. Website: SLAM Exploration Ltd recently launched a completely updated and renovated website at the following address: www.slamexploration.com About SLAM Exploration Ltd: SLAM is a project-generating resource company with a 68,000 hectare portfolio of wholly-owned gold, silver, base metal and REE properties in New Brunswick. The primary corporate focus is on our flagship Menneval gold project in northern New Brunswick and this will continue to be the focus for 2021. The Company owns the Birch Lake gold-silver project and the Lewis Brook silver project in central New Brunswick. The Company is actively involved in the evolving southern New Brunswick gold play where Galway Gold Inc. continues to report successful gold drilling results at Clarence Stream. These properties are available for purchase or joint venture and companies looking for potential property acquisitions should contact Mike Taylor by email mike@slamexploration.com or phone 506-623-8960. The Company owns the Uniacke gold project comprising 2 claims held under an option agreement and one claim staked by the Company and located in Nova Scotia. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario that are also available for purchase. The Company also owns a 13,000 hectare portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) of New Brunswick that is subject to an option Agreement that gives Major Precious Metals Corp (SIZE) the right to earn 100% interest. Major Precious completed the prescribed 2nd anniversary payment of 1 million shares on February 22, 2021. SLAM retains a 2% Net Smelter Return royalty on the BMC claims. SLAM also holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold. Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release. The assay numbers for soils rock and drill core noted above are derived from government files as well as data published by other companies and considered to be reliable. Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION:Mike Taylor, President & CEOContact: 506-623-8960 mike@slamexploration.com Eugene Beukman, CFOContact: 604-687-2038 ebeukman@pendergroup.caSEDAR: 00012459E

  • Joint statement from Ministers Hajdu and Blair on the Auditor General of Canada's performance audit on pandemic preparedness and response
    CNW Group

    Joint statement from Ministers Hajdu and Blair on the Auditor General of Canada's performance audit on pandemic preparedness and response

    OTTAWA, ON, March 25, 2021 /CNW/ - The Honourable Patty Hajdu, Minister of Health, and the Honourable Bill Blair, Minister of Public Safety and Emergency Preparedness, issued the following statement today after the tabling of the report by the Auditor General of Canada on the performance audit on pandemic preparedness and response:"We thank the Auditor General for her important work. During this pandemic, the Government of Canada has adapted its response as the world learned more about the virus.