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Saturday, 09/03/2011 11:07:36 AM

Saturday, September 03, 2011 11:07:36 AM

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Slam awards contract on diamond drilling program

Initial 5,000 Metres to Test Silver, Copper Lead and Zinc Deposits

MIRAMICHI, NB, Sept. 2, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") announces it has awarded a contract on 5,000 m of diamond drilling at Nash Creek, Silverjack and Nepisiguit projects in New Brunswick. Drilling is expected to start during the first week of September.
The initial drilling target is the Nepisiguit deposit where SLAM drilled 15 holes in previous campaigns. These campaigns produced significant intercepts including 91.8 g/t silver, 10.58 % zinc, 2.34% lead and 0.18% copper over 3.75 m. Individual samples range up to 126 g/t silver, 18.04% zinc, 3.05% lead and 0.27% copper over 1.0 m. Slam expects to drill approximately 1000 m at Nepisiguit then move to the Silverjack-Nash Creek area. An Induced Polarization survey is in progress in preparation for drilling at Nash Creek. This deep-penetrating survey follows the success of hole NC11-220, which included a 145.5 m core interval from 144 m to 289.5 m grading 16.9 g/t silver and 3.9% lead-zinc as reported April 05, 2011.
About Nepisiguit: SLAM's 100% owned Nepisiguit project comprises 66 claims covering 1470 hectares of highly prospective volcano-sedimentary rocks located on highway 430 approximately 15 km southwest of the world-class BMS No. 12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive sulphide deposits discovered in 1956. Previous workers defined 3 near-surface zones known as the Nepisiguit A, B and C zones. SLAM has drilled the A zone to a depth of 150 m over a strike length of 300 m. This zone is open at depth and along strike to the west. The Nepisiguit drilling program will be funded in part by $50,000 from the New Brunswick Junior Mining Assistance Program.
Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person responsible for the technical information contained herein.

It's all happened before and it will all happen again. Might as well profit from it.