Slam Explorations

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H. M. VISAGIE REPORT POSTS COVERAGE ON SLAM - May Result In Significant Improvement in Economics For The Nash Creek Deposit
TSXV: SXL US-OTC: SLMF
MIRAMICHI, NB, April 28 /CNW/ - SLAM Exploration Ltd. (TSXV:SXL) (US-OTC:SLMXF) ("SLAM") was covered today in the "Daily Report - April 28, 2011" by H. M. Visagie with the following comment: "The ability to upgrade the low grade open pit feed using a DMS plant may result in a significant improvement in the economics for the Nash project. The improvement in economics will depend how the metallurgical response of the upgraded feed in the flotation circuit and the overall impact on capital and operating costs are impacted."
Mr. Visagie's comments follow a SLAM press release reporting successful Dense Media Separation (DMS) test results on 4 core sample from hole NC11-220 at its wholly owned Nash Creek property in New Brunswick with significant upgrades indicated on all samples. Sample 4, from the new zone beneath the NI43-101 deposit was enriched 2.7 times to 2.33% lead, 11.95% zinc and 63 g/t silver. For further information, refer to the press release issued 27 April 2011.
SLAM is very encouraged by the results of this program. The DMS results are very positive. The assay results include broad intervals of silver, lead and zinc mineralization beneath the known deposit indicating potential for a much larger deposit. The Company is planning additional work designed to further expand the deposit in 2011.
About The Nash Creek Deposit:
SLAM's 100% owned Nash Creek deposit contains an indicated resource of 468M lbs zinc, 95M lbs lead and 4.6M oz silver, plus inferred resource of 71.0M lbs zinc, 14M lbs lead and 0.7M oz silver. These metals are contained within a 7.8M tonne indicated resource grading 2.72% zinc, 0.55% lead and 18.26 g/t and a 1.2 M tonne inferred resource grading 2.66% zinc, 0.52% lead and 18.00 g/t silver (NI43-101 Technical Report announced 12 February, 2009).
The property boasts excellent infrastructure with a power-line, railway and major highway transecting the property. These links provide immediate access to the Belledune seaport and smelter located within 25 km as well as Xstrata's BMS No. 12 mine and mill within 75 km. Maple Minerals Caribou dormant mine/mill complex is approximately 90 km by road from Nash Creek.