SLAM Copper-Silver Intercepts At Silverjack
SLAM Exploration Ltd. (TSXV: SXL) has announced results from its recently completed drilling program on its Silverjack property in New Brunswick.
The final target was the Doyle copper-silver zone where hole SJ11-41 intersected a 1.33m interval grading 2.33% copper and 43 g/t silver at a depth of 108.1m. This was flanked by an interval at 64.47m containing 1.0% copper and 13 g/t silver over 0.6m and by an interval at 6.6m containing 1.32% copper and 54 g/t silver over 0.55m.
The Doyle copper-silver zone is hosted within sediments and limestones similar to the high grade Silverjack deposit 1,000m to the east. SLAM previously reported high grade drilling results ranging up to 653 g/t (19.05 oz/ton) silver, 2.69% copper, 11.9% zinc and 9.8% lead (news release 16 February, 2010) at Silverjack.
SLAM drilled 2884m in a 22 hole program begun in the fall of 2010. In addition to hole SJ11-41 beneath the Doyle zone, this program included 14 holes in proximity to the Silverjack deposit. These holes define the near surface Silverjack zone over a strike length of 200m. An additional 7 holes drilled on a variety of geochemical and geophysical targets indicate the widespread presence of copper, silver, lead and/or zinc mineralization to the south and west of Silverjack. The Company plans additional work in 2011 to test for extensions to the Silverjack copper-silver-lead-zinc zone and the Doyle copper-silver zone.
Assays are pending on results from the Reserve Creek gold project where drilling is currently in progress on hole RS11-46. Assays are also pending from a deep hole drilled at the Nash Creek lead-zinc-silver project.
About Silverjack: The recently expanded Silverjack property comprises 160 wholly owned mineral claims plus 13 claims under option for a total of 3715 hectares. The property is 4 kilometres from the Belledune smelter and seaport and is adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares. The Company was awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program to support the 2010 drilling program.
SLAM Exploration Ltd. is a mineral resource company based in Miramichi, New Brunswick and is actively exploring for gold in Ontario and silver-copper-lead-zinc in New Brunswick.
Posted March 18, 2011
