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Slam Exploration Falls 7% Even After Uncovering Gold Bearing Quartz Veins

Slam Exploration Ltd. (SXL.V) slipped nearly 7% at midday from yesterday's $0.075 close, moving near year low $0.045, even after announcing that 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.

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".

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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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