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Slam Exploration at 3-Month High; Reports Additional Drill Results

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SLAM Exploration Ltd. (SXL.V) is up 12 cents, to 38 cents late morning, the highest level since September 28, 2012 when it reached 40 cents.

The company today reported drilling results for 9 additional holes at its wholly owned Menneval gold project in New Brunswick.

Two sites of visible gold occur in a 1.4 m core interval of quartz vein at a depth of 12.0 m in hole MG1224. A 4.5 m quartz vein interval in hole MG1225 contains flecks of visible gold at 17.2 m and 18.7 m respectively. Hole MG1226 intersected a 9.7 m quartz vein interval from 15.1 m followed by a 3.1 m quartz stringer zone from 24.9 m. Several coarse flecks of visible gold occur near 24.8 m.

Slam last week reported preliminary results for 9 additional diamond drill holes completed at its wholly owned Menneval gold project in New Brunswick.

Holes MG1215 to MG1223 all intersected a mineralized quartz vein at hole depths ranging from 6 m to 29 m. The drilled thickness of the vein intercepts range from 0.1 m to 0.5 m.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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