[Marinir] {Disarmed} Halted News: Slam (TSX-V: SXL) Uncovers Gold-Bearing Quartz Veins
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Tue Dec 6 19:53:13 CET 2011
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http://www.slamexploration.com
Slam Uncovers Gold-Bearing Quartz Veins
SLAM Exploration Ltd. (TSXV: SXL
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=SXL®ion=C&lookup=symbol&snapshot=default
) (US-OTC: SLMF
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=SLMF®ion=U&lookup=symbol&snapshot=default
) is pleased to report it has uncovered several quartz veins with
visible gold within bedrock in a trenching operation underway at the
recently acquired "Saint-Quentin" gold discovery in northwest New
Brunswick. The vein in the trench photo contains multiple flecks of gold
and is directly beneath the original gold-bearing boulders discovered by
Tim Lavoie.
The gold-bearing veins are exposed over a strike length of 250 m. The
trenching operation continues to test for additional veins along strike
by following boulders found by our prospecting team. Assays are pending
on samples of quartz veins and wallrock.
CEO Mike Taylor considers the find "Highly encouraging this early into
exploration" and suggested that "this sets the stage for a very
aggressive exploration campaign". The discovery of quartz veins with
visible gold in bedrock increases the potential for an economical gold
deposit at Saint-Quentin.
About The SAINT QUENTIN Gold Discovery: SLAM has an option to earn 100%
interest in the NW Gold Project which comprises 251 units in 20 claims
located near Saint Quentin, in northwest New Brunswick. Combined they
cover 6275 hectares of highly prospective sedimentary rocks with
favourable gold-bearing structures.
Qualifying Statements: Derek F. Brown, P.Geo. and consultant to SLAM is
the Qualified Person responsible for the technical information contained
herein. Grab samples were collected and sent to Actlabs in Ancaster,
Ontario for assay.
About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and
currently has 2 diamond drilling rigs turning on its wholly owned
Nepisiguit silver-copper-lead-zinc deposit in New Brunswick. In addition
to the NW Gold project, the Company has a significant gold portfolio
including the Reserve Creek gold deposit in Ontario. Additional
information about SLAM and its projects is available at
www.slamexploration.com
http://www.slamexploration.com
or from SEDAR filings at www.sedar.com
http://www.sedar.com
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
For further information:
SLAM Exploration Ltd.
Brian Jones, Investor Relations; Toll Free: 855.800.6109
Toronto: 647.729.1436
info at slamexploration.com
This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from
such registration is available.
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical fact, that address future
production, reserve potential, exploration and development activities
and events or developments that SLAM expects, are forward-looking
statements. Although management believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, and actual
results or developments may differ materially from those in the forward
looking statements. Please see our public filings at www.sedar.com
http://www.sedar.com
for further information.
For more information about this service, please see:
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http://www.infostockbiz.com
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