Friday 2nd December 2016

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Posts tagged ‘SLAM Exploration Ltd (SXL)’

To Africa and back

January 2nd, 2013

Wesdome, African Queen and SLAM release gold results from Quebec, Kenya and New Brunswick

by Greg Klein

Next Page 1 | 2

Wesdome Gold Mines TSX:WDO began the New Year by releasing gold assays from its Kiena Mine in Val-d’Or, Quebec. The company stated that underground exploration drilling demonstrates continuity of the mine’s S-50 (South Zone) mineralized system southeast and at depth.

Intercepts were provided as estimated true widths. Grades were cut to 34.28 grams per tonne. Highlights include:

  • 8.6 grams per tonne gold over 7.3 metres
  • 3.38 g/t over 10.7 metres
  • (including 6.61 g/t over 2.2 metres)
  • 3.82 g/t over 8.78 metres
  • 34.28 g/t over 0.85 metres
  • 3.72 g/t over 6.75 metres
  • 2.83 g/t over 5.42 metres
  • 11.4 g/t over 1.07 metres
  • 8.86 g/t over 1.53 metres.
Wesdome’s Kiena Complex produced an estimated 20,000 gold ounces in 2012.

Wesdome’s Kiena Complex produced
an estimated 20,000 gold ounces in 2012.

One of Wesdome’s three operating gold mines, Kiena’s 2012 production is estimated at 20,000 ounces. The company expects another 20,000 ounces from its Eagle River operation and 10,000 ounces from the Mishi open pit, both near Wawa in central Ontario. As of December, Wesdome’s year-to-date cash flow was $10.5 million.

Wesdome opened January 2 at $0.87, two cents above the previous close. The stock nudged a day’s high of $0.90 before returning to an 87-cent close.

More January 2 gold results came from African Queen Mines’ TSXV:AQ Odundu Property, part of its Rongo Gold Fields Project in Kenya. The company stated that initial drill and trenching results indicate extensive, low-grade near-surface mineralization.

True widths weren’t provided for the drill results. One intercept began at a down-hole depth of 27 metres, while the furthest stopped at 171 metres. Drill assays include:

  • 1.03 grams per tonne gold over 26.35 metres

  • (including 5.27 g/t over 0.6 metres)
  • (including 2.87 g/t over 2.87 metres)
  • 1.17 g/t over 12 metres
  • (including 2.97 g/t over 2 metres)
  • 1.08 g/t over 11 metres
  • (including 5.96 g/t over 0.6 metres)
  • 0.89 g/t over 10 metres
  • 1.45 g/t over 5.16 metres
  • (including 3.21 g/t over 0.8 metres)
  • (including 2.31 g/t over 0.93 metres).

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SLAM reports NB Silver Assays as high as 109.41 g/t over 11m

January 20th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSLAM Exploration Ltd TSXV:SXL announced assays from its Nepisiguit project in northern New Brunswick. Results include

70.12 g/t silver, 5% zinc and 2.2% lead over 6.2 metres
109.41 g/t silver, 7.42% zinc, 2.07% lead over 11 metres
23.02 g/t silver and 3.41% zinc over 14 metres
44.95 g/t silver and 3.67% zinc over 13.4 metres

The Nepisiguit project consists of 78 claims and is located roughly 15 kilometres southwest of Xstrata’s Brunswick 12 mine.

View Company Profile

Contact:
Brian Jones
Investor Relations
647.729.1436

by Ted Niles

SLAM reports NB results up to 34 g/t Silver, 5.03% Zinc over 11.2m

December 29th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSLAM Exploration Ltd TSXV:SXL announced results from its Nepisguit project in New Brunswick. Assays include

57 g/t silver, 1.03% copper and 3.31% zinc over 5.6 metres
12 g/t silver and 1.74% zinc over 21.4 metres
(including 27 g/t silver and 7.91% zinc over 2 metres)
17 g/t silver and 2.01% zinc over 2.3 metres
137 g/t silver and 6.53% zinc over 0.6 metres
10% zinc over 0.6 metres
37 g/t silver and 4.87% zinc over 3.1 metres
34 g/t silver and 5.03% zinc over 11.2 metres

The Nepisguit project consists of 78 claims and is located roughly 15 kilometres southwest of Xstrata’s Brunswick 12 mine.

View Company Profile

Contact:
Brian Jones
Investor Relations
855.800.6109

by Ted Niles

SLAM reports NB Silver Assays including 25.16 g/t over 14.6m

December 13th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSLAM Exploration Ltd TSXV:SXL announced assays from the A-Zone of its Nepisiguit project in New Brunswick. Results include

21.92 g/t silver over 2.5 metres
12.43 g/t over 10.9 metres (including 20.54 g/t over 4.4 metres)
147.34 g/t over 1.2 metres
38.45 g/t over 2 metres
73 g/t over 1.2 metres
25.16 g/t over 14.6 metres
32.21 g/t over 9.6 metres
43.22 g/t over 5.8 metres
52.48 g/t over 2.9 metres

The Nepisguit project consists of 78 claims and is located roughly 15 kilometres southwest of Xstrata’s Brunswick 12 mine. SLAM has mobilized a third rig to complete its drilling objectives in 2011.

View Company Profile

Contact:
Brian Jones
Investor Relations
855.800.6109

by Ted Niles

SLAM reports NB Assays up to 157.72 g/t Silver, 7.24% Zinc over 6.6m

October 28th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningSLAM Exploration Ltd TSXV:SXL announced assays from its Nepisguit project in New Brunswick. Results include

65.24 g/t silver and 6.26% zinc over 10 metres
(including 142 g/t silver and 14.8% zinc over 1.5 metres)
157.72 g/t silver and 7.24% zinc over 7.1 metres
48 g/t silver and 2.53% zinc over 2 metres
65 g/t silver and 4.39% zinc over 3.4 metres
(including 110 g/t silver and 3.88% zinc over 1 metre)

The Nepisguit project consists of 78 claims and is located roughly 15 kilometres southwest of Xstrata’s Brunswick 12 mine. Drilling continues with two rigs.

View Company Profile

Contact:
Brian Jones
Investor Relations
647.729.1436

by Ted Niles

SLAM reports Ontario Gold Assays up to 6.2 g/t over 18.9m

April 18th, 2011

SLAM Exploration Ltd TSXV:SXL announced assays from its Reserve Creek Gold Project in the Fort Hope area, Ontario. Results include 6.2 g/t gold over 18.9 metres, 2.63 g/t over 9.8 metres (including 4.44 g/t over 3.8 metres), 4.11 g/t over 1 metre, 5.59 g/t over 1.2 metres, 2.72 g/t over 4 metres, 2.9 g/t over 6 metres, 6.65 g/t over 0.5 metres, 2.18 g/t over 1.5 metres, 2.48 g/t over 3 metres, 4.09 g/t over 2.9 metres (including 16.84 g/t over 0.5 metres) and 6.47 g/t over 2.5 metres (including 18.33 g/t over 0.5 metres).

SLAM’s wholly owned Reserve Creek Gold Project encompasses a 4,608-hectare block of 22 claims located near Fort Hope, Ontario. Reserve Creek is part of a land package centred around Fort Hope, approximately 150 kilometres east of the former gold mining town of Pickle Lake. The greenstone belt surrounding Fort Hope has many similarities to the prolific Red Lake gold mining camp.

View Company Profile

Contact:
Mike Taylor
President/CEO
506.627.1353

or Brian Jones
Investor Relations
647.729.1436

by Ted Niles

SLAM reports Ontario Gold Assays as high as 4.58 g/t over 12m

January 20th, 2011

SLAM Exploration Ltd SXL:CA announced assay results from its Reserve Creek Gold Project in the Fort Hope area of Ontario. Highlights include 16.38 g/t gold over 0.5 metres, 4.58 g/t over 12 metres (including 20.88 g/t over 1 metre), 11.65 g/t over 0.5 metres, 15.08 g/t over 0.5 metres, 19.39 g/t over 0.5 metres, 47.69 g/t over 0.5 metres and 9.02 g/t over 15.1 metres (including 42.99 g/t over 1 metre).

SLAM’s wholly owned Reserve Creek Gold Project encompasses a 4,608-hectare block of 22 claims located near Fort Hope, Ontario. Reserve Creek is part of a land package centred around Fort Hope, approximately 150 kilometres east of the former gold mining town of Pickle Lake. The greenstone belt surrounding Fort Hope has many similarities to the prolific Red Lake gold mining camp.

View Company Profile

Contact:
Mike Taylor
President/CEO
506.627.1353

or Brian Jones
Investorm Relations
647.729.1436

by Ted Niles

SLAM President Mike Taylor on Ontario assays of 6.76 g/t gold over 10.5m

January 18th, 2011

“SLAM’s owned Reserve Creek since 2002. Historically, it goes back to the original discovery made by Dome Mines in 1941. Before we got the property there were probably 80 holes, all of them shallow, mostly near-surface gold intercepts. Every time somebody came back [to the site] they’d pretty well redrill the old stuff. But we’ve been trying to expand it. We drilled 13 holes—our first seven holes in ’03, another six in ’08—and 12 of those had gold intercepts in them. Significant gold intercepts, with here and there some high-grade, but averaging 4 g/t.

“But those were mainly drilled from the north. This time around we came back and decided that rather than focus on the stratigraphy—there is consistently about a 20-metre thick iron formation unit there that’s usually mineralized that we were chasing—this time we decided we’d drill from the south side and see if maybe we could hone in more on structure rather than stratigraphy. As soon as we started on that we started hitting higher grades, as with last June when we had 16.85 g/t over 16.5 metres. We moved back in December and we released three holes on Thursday and Friday and we’re starting to get back into the high grade zone as you can see.

“When I consider all three holes I certainly am happy with the results. I’d love to hit the bonanza-grade stuff every hole, but we’re hitting the mineralized system as we step-out eastward, and we want to chase that as well as the high-grade. So I’m encouraged. I think we still need to drill beneath the section (released Thursday) and we need to back up further and look at the bigger picture. Hole 21, which was west of the high-grade—we’re definitely on track there. We’re waiting for assay on the other holes we drilled on that section as well as 200 metres further west, and we’re expecting more big numbers there.

“Our original contract that we started in December was for 2,000 metres, and we’ll probably finish that by the end of January. So we’re hoping to continue that and drill at least 5,000 metres this winter. We haven’t really put a number on it yet. We’re planning to expand the contract considerably, but we want to keep our options open. Drill a few weeks, then assess our situation, rather than sign ourselves into a longer contract.”

View Company Profile

SLAM reports Ontario Gold Assays as high as 6.76 g/t over 10.5m

January 17th, 2011

SLAM Exploration Ltd SXL:CA announced assays from its Reserve Creek Gold Project in the Fort Hope Gold Areas in Ontario. Results include 6.76 g/t gold over 10.5 metres (including 42.99 g/t over 1 metre, 5.11 g/t over 1 metre and 5.67 g/t over 1 metre).

President/CEO Mike Taylor tells ResourceClips.com, “SLAM’s owned Reserve Creek since 2002. Historically, it goes back to the original discovery made by Dome Mines in 1941. Before we got the property there were probably 80 holes, all of them shallow, mostly near-surface gold intercepts. Every time somebody came back [to the site] they’d pretty well redrill the old stuff. But we’ve been trying to expand it. We drilled 13 holes—our first seven holes in ’03, another six in ’08—and 12 of those had gold intercepts in them. Significant gold intercepts, with here and there some high-grade, but averaging 4 g/t.

“But those were mainly drilled from the north,” Taylor continues. “This time around we came back and decided that rather than focus on the stratigraphy—there is consistently about a 20-metre thick iron formation unit there that’s usually mineralized that we were chasing—this time we decided we’d drill from the south side and see if maybe we could hone in more on structure rather than stratigraphy. As soon as we started on that we started hitting higher grades, as with last June when we had 16.85 g/t over 16.5 metres. We moved back in December and we released three holes on Thursday and Friday and we’re starting to get back into the high grade zone as you can see.

“When I consider all three holes I certainly am happy with the results. I’d love to hit the bonanza-grade stuff every hole, but we’re hitting the mineralized system as we step-out eastward, and we want to chase that as well as the high-grade. So I’m encouraged. I think we still need to drill beneath the section (released Thursday) and we need to back up further and look at the bigger picture. Hole 21, which was west of the high-grade—we’re definitely on track there. We’re waiting for assay on the other holes we drilled on that section as well as 200 metres further west, and we’re expecting more big numbers there.

“Our original contract that we started in December was for 2,000 metres, and we’ll probably finish that by the end of January. So we’re hoping to continue that and drill at least 5,000 metres this winter. We haven’t really put a number on it yet. We’re planning to expand the contract considerably, but we want to keep our options open,” concludes Taylor. “Drill a few weeks, then assess our situation, rather than sign ourselves into a longer contract.”

View Company Profile

Contact:
Mike Taylor
President/CEO
506.627.1353

or Brian Jones
Investor Relations
647.729.1436

by Ted Niles