SLAM TO MOBILIZE FOR DRILLING AT SILVERJACK
Testing for extensions to high grade silver-copper-zinc-lead deposit.
MIRAMICHI, NB, Oct. 22 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") has signed an agreement to complete up to 3,000 metres of diamond drilling on its Silverjack project in New Brunswick. SLAM expects to start drilling on the first week of November to follow a very successful trenching program which unearthed widespread sulphide mineralization this fall. SLAM has completed approximately 2,800 m of trenching in 8 trenches with zinc, lead and, or copper mineralization uncovered in all 8 trenches.
The primary objective of the drilling program is to extend the Silverjack deposit where SLAM previously drilled high grade core intervals ranging up to 653 g/t silver, 2.69% copper, 2.00% zinc and 2.34% lead over 0.75m. This high grade sample occurs within a 6.6 m interval grading 268.20 g/t silver, 1.27 % copper, 5.65% zinc and 4.53% lead as announced by press release 16 February 2010. The drilling program will further test this zone and for potential extensions along an airborne VLF-EM conductor which extends south from the Silverjack deposit for a strike length of 2200 meters. Significant lead and zinc mineralization was uncovered by the trenching program along this conductor.
The Silverjack property comprises 63 wholly owned mineral claims plus 13 claims under option for a total of 1290 hectares. This property is located 12 kilometres southwest of the Belledune smelter and seaport and adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares.
The Company is also making preparation for drilling at Reserve Creek. President & CEO Mike Taylor recently visited Fort Hope, Ontario and noted that the fall freeze-up is just starting. This freeze-up period can cause delays and low productivity especially when the short hours of daylight combine with inclement weather. The Company has decided to postpone drilling and related activities until after freeze-up and winter climate conditions have stabilized.
President and CEO, Mike Taylor states, "We will take advantage of the later fall season in New Brunswick and drill Silverjack where drilling produced spectacular results early this year. The drilling program will test the deposit along with possible extensions along a VLF conductor that extends 2200 m south from the Silverjack deposit. Trenching already indicates the presence of widespread mineralization associated with this conductor and suggests an extensive mineralized system at Silverjack."
Michael R. Taylor, P.Geo. President and CEO of SLAM Exploration Ltd. is the Qualified Person responsible for the technical information contained herein. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new- brunswick/silverjack.
SLAM is a mineral resource company based in Miramichi, New Brunswick. SLAM continues to be active in gold and base metal exploration in Ontario and New Brunswick. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at 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.
