UPDATE: Slam Diamond Drilling Program Extends Gold Zone; Shares Lifted by 3%
Slam Exploration Ltd. (SXL.V) today reported preliminary results for 7 additional diamond drill holes completed at its wholly owned Menneval gold project in New Brunswick. Holes MG1208 to MG1214 all intersected the target quartz vein at hole depths ranging from 6 m to 29 m on a section 170 m west of hole MG1201 which was drilled near the original site of the Maisie zone gold discovery. The drilled thickness of the vein varies from 0.1 m to 1.0 m. Visible gold occurs in a 0.5 m core interval of quartz vein intersected at a depth of 19.7 m in hole MG1211.
SXL went up by nearly 3% to $0.175 in moving further away from year low 12 cents. Over 60,000 SXL shares have changed hands.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.