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Saturday, February 18, 2012 1:09:35 PM
About Goodwin: SLAM's 100% owned Goodwin project comprises 120 claims covering 2,500 hectares located in the Bathurst Mining Camp of New Brunswick. The Goodwin Project is host to the Bruce copper-nickel deposit discovered by Rio Tinto Canadian Exploration (Rio) in 1955. Rio reported a chip sample grading 0.63% Ni and 0.60% Cu over 26.0 feet from a trench near the discovery and subsequently drilled 14 holes for a total of 2443 feet. The most significant drilling intercept was reported at a grade of 1.05% nickel, 0.36% copper and 0.038% cobalt over a 9.5 foot core interval. No samples were assayed for platinum, palladium, gold or silver. There is no record of drilling since 1955.
SLAM's 2004 MegaTEM aeromagnetic survey covering the entire Bathurst Mining Camp indicates a 900 m X 500 m magnetic anomaly associated with the Bruce deposit. A 2011 Mobile Metallic Ion geochemical survey outlines a nickel anomaly of similar dimensions. The deposit is associated with a layered mafic intrusive body with dimensions approximately 1400 m X 1400 m.
The Goodwin drilling program is consistent with the corporate objective of building assets in the mineral-rich Bathurst Mining Camp. Final results are pending from the 70 hole diamond drilling program completed at SLAM's wholly-owned Nepisiguit deposit at year end.
It's all happened before and it will all happen again. Might as well profit from it.
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