New Risk • Mar 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.7m market cap, or US$8.54m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Annuncio • Mar 13
Slam Exploration Ltd. announced that it has received CAD 2.07275 million in funding On February 20, 2026, the company amended the terms of the transaction. The company will now raise gross proceeds of CAD 2,072,749.77 and will issue Up to 18,141,664 flow-through CMETC units at a price of CAD 0.09 per FT CMETC Unit for gross proceeds of CAD 1,632,749.76 and Up to 3,000,000 flow-through units at a price of CAD 0.09 per FT Unit for gross proceeds of CAD 270,000 and Up to 1,888,889 non-flow-through units of the Company issued at a price of CAD 0.09 per NFT Unit for gross proceeds of CAD 170,000.01. The Company has issued 420,000 finder warrants (the “Finder Warrants”) and paid CAD 37,800 in cash in connection with the Offering. Each whole Finder Warrant will entitle the holder to purchase one additional Common Share at an exercise price of CAD 0.13 per Common Share for a period of two (2) years following the closing date of the Offering, subject to acceleration in certain events. One Company insider participated in the Offering, paying CAD 199,999.87 for
2,222,222 FT CMETC Units. Annuncio • Feb 19
Slam Exploration Ltd. announced that it expects to receive CAD 1.17 million in funding Slam Exploration Ltd. announces a non-brokered private placement to issue 12,500,000 flow-through CMETC units at a price of CAD 0.09 units for proceeds of CAD 1,125,000 and 500,000 non-flow-through units at a price of CAD 0.09 per unit for proceeds of CAD 45,000 for aggregate proceeds of CAD 1,170,000 on February 18, 2026. Each FT CMETC unit will comprise of One flow-through common share of the company issued as a flow-through share and One-half of one common share purchase warrant, with two such half warrants being exercisable together as one whole common share purchase warrant. Each NFT unit will comprise of One common share of the company and One warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.13 per common share for a period of two years following the closing date of the offering. The offering is subject to the acceptance of the TSX Venture Exchange and all other required regulatory approvals. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the closing date of the offering in accordance with Canadian securities laws. Finders' fees may be payable in connection with the offering in accordance with the policies of the TSX Venture Exchange. Insiders of the company may participate in the offering. Recent Insider Transactions • Jan 20
VP & Director recently bought CA$85k worth of stock On the 19th of January, Jimmy Gravel bought around 100k shares on-market at roughly CA$0.85 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$326k more in shares than they have sold in the last 12 months. Annuncio • Jan 08
SLAM Exploration Ltd. Reports Assay Results from 904 Soil Samples Collected in the Relation of the Maisie Vein on its Wholly Owned Menneval Gold Project, Located in Northwestern New Brunswick SLAM Exploration Ltd. reported assay results from 904 soil samples collected in the vicinity of the Maisie vein on its wholly owned Menneval Gold Project, located in northwestern New Brunswick. The samples represent an expansion of the Menneval soil grid, where previously reported soil samples ranged from 0.005 grams per tonne ("g/t") to 0.683 g/t gold. The results indicate potential extensions to a swarm of quartz veins previously discovered by SLAM. Previously reported core intervals include 3,955 g/t gold over 0.1m from the No. 18 vein (SLAM news release December 03, 2020), as well as 162.5 g/t gold over 0". The gradient map highlights an association between aeromagnetic features and gold-bearing quartz veins. In addition to known veins, numerous gold-bearing soil samples are associated with linear aeromagnetic features which represent priority drilling targets. Assays are also pending on 52 grab samples collected from trenches dug on various targets up to 7,500 meters along strike. The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at agrade of 2.60 g/t gold. The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring approximately 3,000 meters by 2,500 meters. New Risk • Dec 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.5m market cap, or US$9.13m). Annuncio • Oct 11
Slam Exploration Ltd. announced that it has received CAD 0.9 million in funding On October 9, 2025, Slam Exploration Ltd. closed the transaction. The company issued 527,500 units at an issue price of CAD 0.40 for gross proceeds of CAD 211,000 in its second and final tranche. Under both tranches of the offering, the company raised aggregate proceeds of CAD 900,000 through the issuance of an aggregate of 2,250,000 units. The offering is subject to the final acceptance of the TSXV and all other required regulatory approvals. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the closing date that expires on February 11, 2026. The company did not pay any finder’s fees on the second tranche of the offering. One insider of the company participated in the second and final tranche of the offering and acquired an aggregate of 112,500 units. Annuncio • Sep 09
Slam Exploration Ltd. announced that it expects to receive CAD 1 million in funding Slam Exploration Ltd. announced a non brokered private placement to issue 2,500,000 units at an issue price of CAD 0.40 per Unit for gross proceeds of up to CAD 1,000,000 on September 8, 2025. Each Unit will consist of, four flow-through common shares, one non-flow-through common share and two and one-half transferable non-flow-through common share purchase warrants. Each whole Warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.12 for a period of 24 months following issuance. The Offering is subject to the acceptance of the TSXV and all other required regulatory approvals. All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the closing date. Finder’s fees may be payable in connection with the Offering. Insiders of the Company may participate in the Offering. Annuncio • Jul 23
Slam Exploration Ltd., Annual General Meeting, Sep 29, 2025 Slam Exploration Ltd., Annual General Meeting, Sep 29, 2025. Annuncio • Jul 03
Slam Exploration Ltd. Announces Advanced Survey to Define Targets Beneath Copper Nickel Cobalt Zones SLAM Exploration Ltd. announced that it has mobilized a geophysics crew to conduct Induced Polarization surveys over the Granges, Farquharson and Logan copper nickel cobalt zones on its wholly owned Goodwin claims in the Bathurst Mining Camp of New Brunswick. The first IP line will cover a 64.90-meter core interval at a recovered grade of 1.49% copper equivalent from 23.60 meters to 88.50 meters in drill hole GW2402 on the Granges Zone. This
1600-meter line is designed to cover both the Granges and Logan zones and test the area beneath the copper-nickel-cobalt zone in hole GW24-02. The Company expects to receive preliminary survey results within one week.
The Company also plans to test the Farquharson Zone. The initial line in this area will cross over a 60.60-meter core interval at a recovered grade of 0.84% CuEq from 72.90 meters to 133.50 meters in hole GW2403. The IP survey is expected to identify potential higher grade mineral zones and depth extensions of the Granges, Farquharson and Logan copper nickel cobalt zones. The recovered CuEq grades above were calculated using a recovery rate of 85% based on assays listed in the table below and previously reported in news releases August 7, 2024 for hole GW2402 and August 12, 2024 for hole GW2403. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Jimmy Gravel was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 14
Slam Exploration Ltd. Announces Management Changes On June 12, 2025, Slam Exploration Ltd. announced that Mr. Johannes van der Linde has resigned from its Board of Directors, effective immediately. Concurrently, the Company has appointed Mr. Jacques Turcotte to the Board. On June 12, 2025, the board of directors of the Company (the "Board") has appointed Mr. Jacques Turcotte as a director of the Company to replace Mr. Johannes van der Linde. Mr. Jacques Turcotte is a highly accomplished professional with a diverse background. He studied civil engineering at the University of Sherbrooke, IT management at UQAM, and financial planning at UQTR. Over his 35-year career, Mr. Turcotte has gained extensive experience in business and real estate management, construction (residential, commercial, and multi-unit), and housing project development. His work has contributed to several major projects in Mauricie. In addition to his real estate expertise, Mr. Turcotte has over 15 years of experience as an investor and business development advisor for Canadian mining exploration companies. Despite being offered various opportunities to join boards of directors, Mr. Turcotte has joined the board of SLAM Exploration Ltd., marking his first involvement with a publicly traded company. He expressed great enthusiasm for the Company, citing its promising projects as a key reason for his significant investment in SLAM Exploration. On June 12, 2025, Mr. Jimmy Gravel, a director of the Company, has agreed to act as Vice-President where he will also serve as Chair of the Audit Committee. Annuncio • Jun 13
Slam Exploration Ltd. announced that it has received CAD 0.35 million in funding On June 12, 2025, Slam Exploration Ltd. closed the transaction. The FT units are subject to a four-month and one day hold period that expires on October 13, 2025. Four company insiders participated in the private placement and subscribed for a total of 3,792,858 FT units. Annuncio • May 23
Slam Exploration Ltd. Reports New Gold Discovery - Grab Samples Assay SLAM Exploration Ltd. announced a new gold discovery with four grab samples grading from 18.50 grams per tonne to 75.9 g/t gold collected from a mineralized quartz vein in the first trench of the 2025 exploration program on its wholly owned Jake Lee mineral claim in southwestern New Brunswick. These 4 samples were submitted on a rush basis to Actlabs in Fredericton for gold analysis as soon as the discovery vein was uncovered. Four samples ranging from 18.50 g/t gold to 75.90 g/t gold were collected from a quartz vein in bedrock uncovered by the first trench JT25-01. This new gold discovery is 20 meters north of 3 quartz float samples grading from 3.39 grams/tonne to 39.30 g/t gold previously discovered by Slam. The results for all four samples are listed in the following table: Sample, Location, Description, Au G/T, L458001, JT25-01 QV. 20-30 cm wide. Laminated, iron stain., 22.50, L458002, JT25-01 Same vein with Cp, Bn, Gn, iron oxide blebs., 18.50, L458003, JT25-01 same vein with Cp,Bn, Gn, iron oxide Blebs., 18.60, L458004, JT25-01Same vein with Cp, BN, Gn, iron oxide bleBS., 75.90. Abbreviations: Cp-Chalcopyrite, Bn-Bornite, Gn-Galena. Procedures: Six grab samples including 4 from the first trench and 2 from prospecting sites were collected, tagged and delivered to Activation Laboratories Ltd. ("Actlabs") in Fredericton, New Brunswick. Actlabs performed procedure 1A2 on all samples followed by the 1A3 gravimetric assay procedure for over-the-limit samples. Figures 1 and 2 are compiled from Slam technical files and show results by Slam as well as previous workers. The previous work data is derived from news releases available on SEDAR as well as Report of Work files on the New Brunswick NBDNRE website. The Slam exploration data has been reported in previous news releases and available on SEDAR as as well as. Annuncio • May 22
Slam Exploration Ltd. announced that it expects to receive CAD 0.28 million in funding Slam Exploration Ltd. announced a non-brokered private placement to issue 8,000,000 flow-through units at an issue price of CAD 0.035 per FT unit for gross proceeds of CAD 280,000 on May 21, 2025. Each FT unit will consist of one flow-through common share and one half of one transferable non-flow-through common share purchase warrant. Each warrant will be exercisable to acquire one additional non-flow-through common share of the company at a price of CAD 0.05 for 24 months following the date of issuance. The offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. All securities will be subject to a hold period of four months and one day from the closing date of the offering in accordance with applicable securities laws. The company may pay finder’s fees to qualified parties in connection with the offering. Certain insiders of the company may participate in the offering. Annuncio • Feb 22
Slam Exploration Ltd. Appoints Jimmy Gravel as New Independent Director Slam Exploration Ltd. announced the appointment of Mr. Jimmy Gravel as a new independent director to the board of directors, effective immediately. Jimmy Gravel graduated from a sales and marketing business school 20 years ago. Over the past decade, he has acquired extensive geological expertise through fieldwork alongside leading geologists, focusing on the development of mining projects across Canada. Currently, Mr. Gravel serves as the President and Founder of Florence Creek Inc. He is also the Vice-President and Founder of 21Alpha Resources Inc. Moreover, he is the President and Founder of NBGold Inc. Previously, Mr. Gravel held the position of President and CEO at Genius Properties. Mr. Gravel remains a major shareholder in several publicly traded companies, having facilitated acquisitions
and sales of mining properties throughout Canada. Recent Insider Transactions Derivative • Jan 22
President exercised options to buy CA$180k worth of stock. On the 17th of January, Michael Taylor exercised options to buy 6m shares at a strike price of around CA$0.05, costing a total of CA$300k. This transaction amounted to 82% of their direct individual holding at the time of the trade. Since June 2024, Michael's direct individual holding has increased from 6.18m shares to 13.32m. Company insiders have collectively bought CA$359k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.49m market cap, or US$2.44m). Annuncio • Nov 29
Slam Exploration Ltd. announced that it expects to receive CAD 0.468 million in funding Slam Exploration Ltd. announced a non-brokered private placement offering for the gross proceeds of CAD 468,000 on November 28, 2024. The company will now issue 2,400,000 non-flow-through units at an issue price of CAD 0.045 for the the gross proceeds of CAD 108,000 and 8,000,000 CMETC and CEE Flow-Through Unit at an issue price of CAD 0.045 per unit for the gross proceeds of CAD 360,000; aggregate gross proceeds of CAD 468,000. Each NFT Unit will consist of one common share and one transferrable non-flow-through share purchase warrant and Each FT Unit will consist of one flow-through share and one half of one transferable common share purchase warrant. Each whole NFT Warrant will be exercisable to acquire one additional non-flow-through common share of the Company at a price of CAD 0.05 for a period of 24 months following the date of issuance. The Offering is expected to close on or about December 10, 2024, and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a hold period of four months and one day from the closing date in accordance with applicable securities laws. The Company may pay finder fees on the Offering and it is anticipated that certain insiders will participate in the Offering. Annuncio • Nov 20
Slam Exploration Ltd. announced that it has received CAD 0.24 million in funding On November 19, 2024 Slam Exploration Ltd. closed the transaction and issued 6,857,142 Flow Through Units at an issue price of CAD 0.035 per FT Unit for gross proceeds of CAD 239,999.97. Each FT Unit will be comprised of one common share of the Company issued on a “flow-through” basis and one-half common share purchase warrant issued on a “non-flow-through” basis. Each Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of CAD 0.05 for a period of 24 months from the date of closing. The FT Units are subject to a four-month and one day hold period that expires on March 20, 2025. One Company insider participated in the Private Placement and subscribed for a total of 1,428,571 FT Units. Annuncio • Oct 26
Slam Exploration Ltd. announced that it expects to receive CAD 0.259 million in funding Slam Exploration Ltd. announced a non-brokered private placement that it will issue up to 4,400,000 CMETC Flow-Through Units at an issue price of CAD 0.035 per unit for the gross proceeds of up to CAD 154,000 and up to 3,000,000 CEE Flow-Through Units at a price of CAD 0.035 per unit for the gross proceeds of up to CAD 105,000 for the total gross proceeds of up to CAD 259,000 on October 25, 2024. Each CMETC FT Unit will consist of one flow-through common share and and one half of one transferable non-flow-through common share purchase warrant. Each CEE FT Unit will consist of one FT Share and one half of one Warrant. Each Warrant will be exercisable to acquire one additional non-flow-through common share of the Company at a price of CAD 0.05 for a period of 24 months following the date of issuance. The Offering is expected to close on or about November 4, 2024, and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a hold period of four months and one day from the closing date in accordance with applicable securities laws. The Company may pay finder’s fees on the Offering and it is anticipated that certain insiders will participate in the Offering. Annuncio • Oct 19
Slam Exploration Ltd. Announces Drilling Copper Nickel Sulphide Zones SLAM Exploration Ltd. announced preliminary results from the drilling campaign on its wholly owned Goodwin Project located 35 kilometers south of the Caribou mine and mill complex in the Bathurst Mining Camp ("BMC") of New Brunswick. GW24-04 intersected a 76 meter zone of sulphide mineralization from 14 meters to 92 meters. The Company has sawn 87 samples from this hole for shipment to ALS Chemex in Moncton. This mineralization is similar to the zone in hole GW24-03 that intersected 1.17% copper equivalent over 60.60 meters as reported August 12, 2024. Hole GW24-04 is a 40 meter step ahead (northeast) of GW24-03 and drilled on the same section. GW24-05 intersected a 70.5 meter zone of sulphide mineralization from 35.9 meters to 106.4 meters. The Company is sawing 78 samples from this hole for shipment to ALS Chemex in Moncton. The mineralization in GW24-05 is similar to the zone in hole GW24-03 that intersected 1.17% copper equivalent over 60.60 meters as reported August 12, 2024. Hole GW24-05 is a 40 meter step out to the southeast of GW24-04. Figure 1 shows the Farquharson zone drilling plan over a background of gradient aeromagnetics. Previous diamond drill hole GW24-03 is shown in black. Four holes drilled in the current campaign are shown in green. They include holes GW24-04 and GW24-05 described above. Holes GW24-06 and GW24-07 were drilled but logging and sampling are in progress. After hole GW24-07, the drill was moved 1,100 meters northwest to test the Logan zone. QA-QC Procedures: The core was delivered to a secure facility in Bathurst New Brunswick for detailed logging and sampling. The core descriptions and the summary log for holes GW24-04 and GW24-05 are based on visual observations of the core. The results for holes GW24-01 to GW24-03 were previously reported by SLAM in news releases dated between July 30, 2024 and August 12, 2024. The historic results from previous workers are derived from New Brunswick assessment files that predate NI43-101 regulations. They can only be validated by additional drilling. Annuncio • Oct 13
SLAM Exploration Ltd. Announces Diamond Drilling on Historic Copper Nickel Zones at Goodwin SLAM Exploration Ltd. announced that it has mobilized a drilling rig and crew for a 2,000 meter drilling program on its wholly owned Goodwin Project located 35 kilometers south of the Caribou mine and mill complex in the Bathurst Mining Camp (‘BMC’) of New Brunswick. The drill is set up on hole GW24-04, located 40 meters northeast of hole GW24-03 which cut a 60.60 meter core interval grading 1.17% copper equivalent as reported August 12, 2024. This hole is designed to test the Farquharson zone above the previous intercept and to define the dip of the zone on this section. The Farquharson Zone: The Company plans 4 additional diamond drill holes to test the strike extent of a 60.60 meter core intervals grading 1.17% copperivalent drilled in hole GW24-03 as reported August 12, 2022. The Granges Zone: SLAM plans 4 additional diamond drill holes To test the strike and dip extent of a 64.90 meter core interval grading 2.19% copper equivalent in hole GW24-02 that was reported August 7, 2024. This copper nickel zone included a 31.20 meter core interval grading 3.84% copper equivalent. The Logan Zone: The Company may test this historic copper nickel zone with up to 3 diamond drill holes. Targets include a 6 meter core interval of copper-rich massive sulphides reported in hole NO60-03 without assays. A 16.95 meter zone grading 0.37% copper and 0.44% nickel with individual core samples grading up to 0.72% copper and 1.05% nickel over 2.10 meters in hole MM71-05B. (These results predate NI43-101 regulations and can only be validated by additional drilling). The historic results from previous workers are derived from New Brunswick assessment files that predate NI43-101 Regulations. They can only be validated by additional trenching and drilling. Annuncio • Sep 20
Slam Exploration Ltd. announced that it has received CAD 0.4905 million in funding On September 19, 2024, Slam Exploration Ltd. closed the transaction. The FT Units are subject to a four-month and one day hold period that expires on January 20, 2025.The Company has paid finders’ fees totaling CAD 13,005 and it issued a total of 433,499 non-transferable
common share purchase warrants. Two Company insiders participated in the Private Placement and subscribed for a total of 1,666,733 FT Units. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (41% average weekly change). Market cap is less than US$10m (CA$2.18m market cap, or US$1.60m). Minor Risk Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Annuncio • Aug 17
Slam Exploration Ltd. announced that it expects to receive CAD 0.48 million in funding Slam Exploration Ltd announced a private placement of up to 16,000,000 flow-through units to be issued at a price of CAD 0.03 per FT Unit for gross proceeds up to CAD 480,000 on August 16, 2024. Each FT Unit will be comprised of one common share and one-half common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of CAD 0.05 for a period of 24 months from the date of closing. The Company may pay finder’s fees on the Private Placement and it is anticipated that certain insiders will participate in the Private Placement. The FT Units will be subject to a statutory hold period of four months and one day from issuance. The Private Placement remains subject to customary closing conditions, including approval from the TSX Venture Exchange. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Brendan Purdy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jul 29
Slam Exploration Ltd., Annual General Meeting, Oct 03, 2024 Slam Exploration Ltd., Annual General Meeting, Oct 03, 2024. New Risk • Jun 04
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.60m market cap, or US$1.17m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Annuncio • May 24
Slam Exploration Ltd. announced that it has received CAD 0.0975 million in funding On May 22, 2024, Slam Exploration Ltd. closed the transaction. The company has now issued 3,900,000 at a price of CAD 0.025 for gross proceeds of CAD 97,500 in the transaction. The company has issued 300,000 FT Units at a price of CAD 0.025 per FT Unit for gross proceeds of CAD 7,500 in its second and final tranche closing. The FT Units are subject to a four-month and one day hold period that expires on September 23, 2024. Annuncio • Apr 05
Slam Exploration Ltd. announced that it expects to receive CAD 0.15 million in funding Slam Exploration Ltd. announces non-brokered private placement of 6,000,000 flow-through units at a issue price of CAD 0.025 per flow-through unit for gross proceeds of CAD 150,000 on April 4, 2024. Each flow-through Unit will be comprised of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of CAD 0.05 for a period of 24 months from the date of closing. The Company may pay finder’s fees on the Private Placement and it is anticipated that certain insiders will participate in the Private Placement. The Flow-Through Units will be subject to a statutory hold period of four months and one day from issuance. The Private Placement remains subject to customary closing conditions, including approval from the TSX Venture Exchange. Annuncio • Feb 08
Slam Exploration Ltd. Announces Resignation of Jakson Inwentash from Its Board of Directors SLAM also advises that it has accepted the resignation of Jakson Inwentash from its board of directors, effective immediately. The Company wishes to thank Mr. Inwentash for his valuable contributions. Annuncio • Jan 13
SLAM Exploration Ltd. Reports Assay Results from Grab Samples Collected from its Wholly Owned Highway Project Located in Mineral-Rich Province of New Brunswick, Canada SLAM Exploration Ltd. reported assay results up to 12.70% zinc, 13.10% lead and 155 grams per tonne (g/t) silver from grab samples collected from its wholly owned Highway project located in the mineral-rich province of New Brunswick, Canada during a prospecting program in November, 2023. Sample RP960361 was collected from bedrock rubble 1,500 m northwest of a historic gold occurrence number 334 in the New Brunswick mineral database. Previous workers reported a channel sample that averaged 2.33 g/t gold over 6.7 metres in a roadside rock-cut at No 334. SLAM has previously reported confirmation of this gold occurrence with 4 grab samples ranging from 0.227 g/t to 2.75 g/t gold. Samples RP960367, 960372 and 960373 were collected from boulders in the vicinity of the historic Mathews Brook zinc silver occurrence numbered 323 in the New Brunswick mineral database approximately 1,000 metres to the north of No 334. Termination of Peninsula Project: SLAM and WhiteRock have mutually agreed to terminate the Peninsula Agreement dated November 7, 2023 and previously announced on November 22, 2023. Both parties have signed a letter whereby SLAM holds no right or interest in the project and has no current or future obligations pertaining to the Peninsula Agreement. This allows SLAM to focus on its wholly owned Menneval and Jake Lee gold projects as well as the Highway and Mine Road critical element projects in New Brunswick. QA-QC Procedures: The Company collected 14 grab samples from float and bedrock and delivered them directly to Activation Laboratories Ltd. in Fredericton for 41 element ICP-OES analysis. Samples that were over-limit for silver, lead and zinc were re-assayed using Actlabs procedure 8AR. Annuncio • Dec 06
SLAM Exploration Ltd. Evaluates Gold, Lithium, Niobium and Tantalum Assets SLAM Exploration Ltd. announced that it has recently made significant acquisitions with the addition of three projects in the critical element space and now holds a diversified portfolio of gold, lithium, niobium, tantalum, silver and zinc projects. The company has mandated its consultants to evaluate each project for possible option, vend-out or spin off arrangements in a strategic manner to focus on core projects. Menneval Gold Project: The discovery of the Maisie vein resulted from a SLAM prospecting expedition designed to investigate an 8000 metre (m) long gold anomaly from a regional till survey conducted by the government. This was followed by discovery of the No 2, No. 9, No 18 and No 22 veins, all associated with a 1500 m by 3000 m antiformal dome structure in the footwall of the Restigouche fault. This regional Appalachian structure is similar to the Appleton fault where NewFound Gold Corp. has reported major gold discoveries such as Queensway. The following selected results were reported in the past from Menneval trenching and drilling programs by SLAM: 1838.00 g/t gold over 0.10 m in trench M18-12; 3950.00 g/t gold over 0.10 m in trench M18-13; 162.50 g/t gold over 0.2 m core interval in diamond drill hole BG21-11; 56.90 g/t gold over 0.5 m core interval in diamond drill hole BG22-30; 104.00 g/t gold over 0.3 m core interval in diamond drill hole MG12-26; 7.09 g/t gold over 0.6 m core interval in diamond drill hole MG22-77. Jake Lee Gold Project: Multiple gold anomalies were detected with assays ranging from 0.005g/t to 0.980 g/t in 190 of the 517 soil samples collected on SLAM’s wholly owned Jake Lee mineral claims located 30 kilometres west of Saint John, New Brunswick. The highest value, 0.980 g/t gold occurs 100m east of a cluster of gold-bearing float grading up to 39.300 g/t gold reported January 25, 2023; Three trenches uncovered the CT vein at 3 points for a strike length of 150 m near its north end. The vein is up to 8 metres wide and locally mineralized with limonite, pyrite and chalcopyrite; Grab samples collected from angular float associated with the CT vein have returned anomalous levels ranging to 0.125 g/t gold and copper to 0.663%. Annuncio • Sep 26
Slam Exploration Ltd. Appoints Jakson Inwentash as New Independent Director SLAM Exploration Ltd. announced the appointment of Mr. Jakson Inwentash as a new independent director to the board of directors, effective immediately. Jakson Inwentash is the VP of Investments and a director of ThreeD Capital Inc. (CSE-IDK) he focuses on identifying, researching and meeting with early-stage companies in various disruptive industries in which to invest. Previously, he worked in investment banking for Gravitas Securities Inc. where he conducted due diligence of public and private companies, built marketing materials for clients and developed financial models. Jakson also worked for the Bank of Montreal in several departments within the Wealth Management line of business including ETF Products, Fundamental Equities, Private Banking, and InvestorLine. Jakson currently serves on the board of directors and audit committee of First Tidal Acquisition Corp. a TSX-V Capital Pool Company (TSX-V.P), is a director of Nirvana Life Sciences Inc. (CSE:NIRV) and he is a Dealer Representative at Ascenta Finance Corp. New Risk • Sep 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$701k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$701k free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.39m market cap, or US$2.52m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Annuncio • Sep 01
Slam Exploration Ltd. Identifies 20 Km Gold and Copper Trend SLAM Exploration Ltd. announced it has identified a 20 kilometre (km) trend of gold and copper mineralization associated with volcanic and intrusive rocks on the Shadow Lake gold project located 30 km west of Saint John, New Brunswick. The Company has received assays grading up to 3.39% copper and 0.17% molybdenum for grab samples that were collected from a breccia zone during a follow-up visit to the Shadow Lake gold project. This copper-molybdenum breccia zone is located 2,000 metres northwest of the LLP vein where Company geologists had reported visible gold in 2 grab samples. These 2 samples returned assays of 31.50 g/t gold and 9.93 g/t gold respectively. Previous workers traced this vein over a strike length of 150 metres and reported grab samples up to 54.9 g/t gold. In addition, they reported grab samples grading up to 70.4 g/t gold at one of six gold occurrences approximately 15 kilometres east of the LLP vein. Assays are pending on 250 soil samples collected in the vicinity of these gold occurrences. Annuncio • Jul 23
Slam Exploration Ltd. Announces Assays Ranging Up to 31.5 G/T Gold from Grab Samples Collected from A Vein on the Shadow Lake Gold Project Located 30 Km West of Saint John, New Brunswick SLAM Exploration Ltd. announced assays ranging up to 31.5 g/t gold from grab samples collected from a vein on the Shadow Lake gold project located 30 km west of Saint John, New Brunswick. SLAM acquired the Shadow Lake gold property after Company geologists reported the presence of visible gold in 2 grab samples collected from the LLP vein near the west end of the Property. These 2 samples returned assays of 31.50 g/t gold and 9.93 g/t gold respectively. Previous workers reported a grab sample grading 54.9 g/t gold from this vein which was traced over a strike length of 150 metres. Previous workers reported 6 additional gold occurrences including a grab sample grading 70.4 g/t gold at a site 15 kilometres east of the LLP vein. Assays are pending on 14 samples collected from multiple sites during a second visit by SLAM’s advance scout team. The Company has commissioned a soil geochemical survey on 2 grids to test the strike potential of these gold veins. Annuncio • May 19
Slam Exploration Ltd., Annual General Meeting, Aug 01, 2023 Slam Exploration Ltd., Annual General Meeting, Aug 01, 2023. Annuncio • May 06
Slam Exploration Ltd. announced that it has received CAD 0.30275 million in funding On May 4, 2023, Slam Exploration Ltd. closed the transaction. The transaction now issued 6,055,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 302,750. Each Unit is comprised of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common Share at a price of CAD 0.08 for a period of 24 months from the date of issuance. The Units are subject to a statutory hold period of four months and one day which will expire on September 5, 2023. In connection with the closing, the Company issued 298,000 Finder Warrants and paid CAD 14,900.00 in cash as Finders’ Fees. Annuncio • Jan 26
Slam Exploration Ltd. Provides an Update on Jake Lee Gold Project SLAM Exploration Ltd. announced two additional gold-bearing float respectively grading 3.390 g/t and 2.420 g/t gold in the vicinity of a previously reported quartz boulder discovery grading 39.300 grams/tonne ("g/t") gold on its Jake Lee gold project located 30 kilometres west of Saint John, New Brunswick. In summary, three boulders grading 39.300 g/t gold, 3.390 g/t gold and 2.420 g/t gold respectively occur within a 10 m radius at a location 250 m south of an angular quartz float grading 1.49 g/t gold. Gold ranging from 0.0100 to 0.661 g/t gold was detected in 31 samples from a total of 186 samples that were submitted for assay. These samples were collected by SLAM's advance scout team during prospecting expeditions conducted in the fall of 2022. The Company has already obtained approval to further test these gold discoveries with a trenching program as soon as weather permits. The Jake Lee Gold Project: SLAM's Jake Lee gold project comprised of 6 claims covering 9,508 hectares spread over a 20 km stretch of volcano-sedimentary rocks along the Wheaton Brook and St George fault zones. Five of the 6 mineral claims are wholly owned by SLAM. The Roger Lake claim is subject to completion of cash and share payments over a 4-year period and a 2% NSR royalty. The Company may purchase one half of the royalty for $1,000,000 at any time and the remaining half of the royalty for $2,000,000 at any time. The Lepreau river placer gold occurrence lies within the Roger Lake claim. In addition, gold was detected in one soil sample containing 16.200 g/t gold and 121 samples ranging from 0.010 to 0.173 g/t gold by a soil geochemical survey of 1904 samples collected in 2021. These gold targets are associated with volcano-sedimentary and intrusive rocks that straddle the Belleisle Bay fault zone. Annuncio • Dec 29
Slam Exploration Ltd. announced that it has received CAD 0.0765 million in funding On December 28, 2022, Slam Exploration Ltd. closed the transaction. The transaction included participation from certain insiders of the company for gross proceeds of CAD 50,000. The flow-through units are subject to a statutory hold period of four months and one day which will expire on April 21, 2023. The transaction remains subject to final acceptance from the TSX Venture Exchange. Annuncio • Dec 20
Slam Exploration Ltd. announced that it expects to receive CAD 0.0765 million in funding Slam Exploration Ltd announced a private placement of 1,530,000 flow-through units at a price of CAD 0.05 per unit for gross proceeds of CAD 76,500 on December 19, 2022. Each flow through unit consists of one common share issued on flow through basis and one-half of one common share purchase warrant issued on non flow through basis. Each warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of CAD 0.05 for a period of 24 months from the date of closing. The securities are subject to a statutory hold period of four months and one day from issuance. The company will not pay any finder's fees. The transaction is subject to customary closing conditions, including approval from the TSX Venture Exchange. Annuncio • Nov 23
Slam Exploration Ltd. Reports Core Intervals Ranging Up to Gold 56.9 G/T Gold over 0.5 Metres from the 646 M Diamond Drilling Program Completed on Menneval Gold Project Located in New Brunswick, Canada SLAM Exploration Ltd. reported core intervals ranging up to gold 56.9 g/t gold over 0.5 metres from the 646 m diamond drilling program completed on its wholly-owned Menneval gold project located in New Brunswick, Canada. Gold-bearing core intervals ranging from 0.09 g/t to 56.90 g/t gold occur in 4 of the 5 diamond drill holes drilled on vein No 18. These holes were drilled in the vicinity of previously drilled intervals with grades ranging up to 162.5 g/t gold (grams/tonne gold) over 0.20 m and 56.50 g/t gold over 0.51 m as reported by the Company on December 3, 2020 and January 20, 2021. The gold bearing intervals are core lengths in metres and may not represent the true width of these intervals. Gold-bearing intervals ranging from 0.29 g/t over 1.00 m to 7.09 g/t gold over 0.60 m occur in 5 of the 6 diamond drill holes drilled on the Maisie vein. These 6 holes were designed to test the potential extension of the Maisie vein on the east side of an off-setting fault. The Company is evaluating these significant drilling results for a potential a follow-up program. Jake Lee Gold Project: SLAM is mobilizing a crew to prospect in the vicinity of two recently discovered quartz boulders grading 39.3 g/t gold and 1.49 g/t gold as well as the Cranford-Taylor vein that were reported by news release November 17, 2022. Other priority targets are located on the Roger Lake claim where one soil sample grading 16.20 g/t gold was detected in a 2021 soil survey by previous workers. In addition, 121 soil samples show elevated gold levels ranging from 0.01 g/t to 0.17 g/t gold. The survey comprises 1904 samples and covers a 5,000 by 1,000 metre grid area. The historic Lepreau River placer gold occurrence is located 400 m east of this grid. The Roger Lake claim was recently acquired in an option agreement dated November 2, 2022. The Menneval Project: The Menneval gold project is comprised of 351 mineral claim units covering 7589 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Nov 18
Slam Exploration Ltd. Announces Discovery of Boulder Grades 39.3 G/T Gold on Its Jake Lee Gold Project Slam Exploration Ltd. announced the discovery of a quartz boulder grading 39.3 grams/tonne (“g/t”) gold on its Jake Lee gold project located 30 kilometres west of Saint John, New Brunswick. The gold-bearing boulder is located 250 m south of a slab of road rubble that grades 1.49 g/t gold. The road rubble sample is comprised of sedimentary rock with quartz veining near an outcrop of similar sedimentary rock. These two grab samples of float grading 39.3 and 1.49 g/t gold respectively are located on a ridge 1,600 metres northwest of the Cranford-Taylor vein. All 13 grab samples collected from boulders associated with the Cranford-Taylor vein contain anomalous levels of gold ranging from 0.004 g/t to 0.125 g/t gold. These samples were collected during a recent prospecting expedition by SLAM’s advance scout team. The Company is planning a follow-up expedition to further evaluate these new gold discoveries. The Company also intends to prospect an area on the recently acquired Roger Lake claim where elevated gold levels range up to 16,200 parts per billion (“ppb”) gold in a soil geochemical survey by previous workers. Targets include the site of one sample at 16,200 ppb gold and 121 sample sites ranging from 10 to 173 ppb gold that were detected in a soil geochemical survey of 1904 samples collected in 2021. Annuncio • Oct 18
Slam Exploration Ltd. Drills Gold Veins At Menneval SLAM Exploration Ltd. announced visible gold occurs in core samples sawn from four (4) of the eleven (11) diamond drill holes in a 646 m (metre) program completed on its wholly-owned Menneval gold project located in New Brunswick, Canada. Ten of the eleven holes intersected quartz veins mineralized with fine pyrite, limonite and/or goethite over core lengths ranging from 0.10 m to 2.30 m. Assays are pending on 113 samples submitted for gold assay. The Company drilled five (5) holes on Zone 18 and six (6) holes on the Maisie vein. All five (5) of the Zone 18 holes intersected quartz veins over core lengths ranging from 0.10 to 0.35 m. These holes were drilled in the vicinity of previously drilled intervals with visible gold reported and grades ranging up to 162.5 g/t gold (grams/tonne gold) over 0.2 m and 56.50 g/t gold over 0.51 m associated at Zone 18 as reported by the Company on December 03, 2020 and January 20, 2021. Five (5) of the six (6) Maisie zone drill holes intersected quartz and quartz-siderite veins over core lengths ranging from 0.30 m to 2.30 m. These veins are mineralized with pyrite, limonite and goethite and visible gold occurs in two (2) of the holes. $30,000 NBJMAP Grant: The Menneval drilling program is supported in part by a grant of $30,000 under the New Brunswick Junior Mining Assistance Program (“NBJMAP”). The Menneval Project: Assays are pending on 113 samples of sawn core from the 11 hole diamond drilling program at SLAMs Menneval gold project. The property is comprised of 351 mineral claim units covering 7,589 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Sep 30
SLAM Exploration Announces Drilling Gold Veins At Menneval SLAM Exploration Ltd. announced that it has drilled 5 holes to date in a diamond drilling program on its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick, Canada. All 5 holes intersected Zone 18 quartz veins ranging up to 0.35 m in thickness and mineralized with fine pyrite. Visible gold was reported in 2 of the 5 diamond drill holes. These holes are planned to test for extensions beneath core intervals grading up to 162.5 g/t gold over 0.2 m and 56.50 g/t gold over 0.51 m associated with visible gold in holes reported by the Company on December 03, 2020 and January 20, 2021. Previously, the Company had announced multiple sites of visible gold with assays up to 3,955 g/t gold over 0.10 m thick from trench samples reported on December 03, 2020. The Company moved the drill to the Maisie vein after testing the No. 18 vein with the first 5 holes. The Company is drilling the east end of the Maisie Zone where it appears to be terminated by a series of cross faults. Several previous holes by SLAM in 2012 intersected gold-bearing quartz veins east of the initial cross fault. SLAM expects to drill extensions of the Maisie vein in the vicinity of these faults. The sinistral movement on these faults is a feature common to gold-bearing vein systems. Annuncio • Sep 01
Slam Exploration Ltd. to Drill Gold Veins At Menneval SLAM Exploration Ltd. announce that it has entered into a contract for a drilling program on its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick, Canada. The Company intends to drill approximately 10 holes in a program estimated at 1,000 metres to test 2 gold zones discovered by SLAM in 2020-2021 The Company intends to drill up to 6 holes on Zone 18. These holes are planned to test for extensions beneath core intervals grading up to 162.5 g/t gold over 0.2 m and 56.50 g/t gold over 0.51 m associated with visible gold in holes reported by the Company on December 03, 2020 and January 20, 2021. Previously, the Company had announced multiple sites of visible gold with assays up to 3,955 g/t goldover 0.10 m thick from trench samples reported on December 03, 2020. SLAM intends to drill 4 holes on Zone 22, where the Company reported drilled core intervals grading up to 5.40 g/t gold over 0.2 m on December 03, 2020. Each of the Zone 22 holes will test multiple quartz veins that are part of a series of gold-bearing veins trending north-easterly over a strike-length of 1,400 m. The Zone 22 veins are associated with a soil anomaly ranging from 5 to 206 ppb (0.206 g/t) gold that stretches 2,800 metres eastward from vein No. 18. For additional information and maps, please visit the following page on the Company's website: Menneval Gold Project or call Mike Taylor 506-623-8960. The Company is reporting that gold was detected in 136 soil samples with assays ranging from 5 ppb to 177 ppb gold on its wholly owned Jake Lee project in southwestern New Brunswick, Canada. The samples were part of a soil geochemical survey of 1477 samples collected from 5 grids located on its wholly owned Jake Lee gold project. The Jake Lee project is comprised of 377 units in 5 claims that cover 8376 hectares located 30 km southeast of the Clarence Stream gold deposit where Galway Metals has reported a series of recent gold discoveries in the mineral-rich province of New Brunswick. Galway Metals has reported that some of these gold discoveries resulted from the detection of gold anomalies by soil geochemistry followed by trenching and diamond drilling. The Company also reports that gold assays ranging from 5 ppb to 139 ppb was detected in 179 soil samples from a geochemical survey comprising 759 soil samples collected on its wholly owned Portage VMS project in the Bathurst Mining Camp of New Brunswick, Canada. These gold anomalies are associated with a northerly trending structure located approximately 20 km east of the Williams Brook gold occurrence where Puma Resources Inc. recently reported new gold discoveries. Some Portage soils samples also contain up to 112 ppm cobalt, 171 ppm copper, 177 ppm nickel, 81 ppm lead and 478 ppm zinc reflecting the poly-metallic potential on SLAM's Portage project as well as its other wholly-owned mineral claims in the Bathurst Mining Camp. Annuncio • May 15
Slam Exploration Ltd., Annual General Meeting, Jul 14, 2022 Slam Exploration Ltd., Annual General Meeting, Jul 14, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Theo van der Linde was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 09
Slam Exploration Ltd. (TSXV:SXL) acquired 3 Mineral Claims in the Vicinity of the Williams Brook Gold Project. Slam Exploration Ltd. (TSXV:SXL) acquired 3 Mineral Claims in the Vicinity of the Williams Brook Gold Project on April 8, 2022. As consideration for the 3 minerals claims, the Company has issued 200,000 common shares at a deemed value of CAD 0.05 per share. The agreement is subject to a 2% net smelter return (“NSR”) royalty on any saleable production from the claims. Fifty percent of the NSR royalty (i.e.,1%) may be purchased by SLAM for CAD 1,000,000. SLAM retains a right of first refusal on the remaining 1% NSR royalty. All securities issued in connection with the agreement are subject to a hold period that expires on August 9, 2022, in accordance with Canadian securities laws.
Slam Exploration Ltd. (TSXV:SXL) completed the acquisition of 3 Mineral Claims in the Vicinity of the Williams Brook Gold Project on April 8, 2022. Annuncio • Apr 01
An unknown buyer signed a sale agreement to acquire Reserve Creek and Opikeigen Gold Claims from Slam Exploration Ltd. (TSXV:SXL). An unknown buyer signed a sale agreement to acquire Reserve Creek and Opikeigen Gold Claims from Slam Exploration Ltd. (TSXV:SXL) recently. In return for a 100% interest in the claims, SLAM has received a CAD 50,000 down-payment and will receive the following cash payments: (a) CAD 100,000 within 12 months of the agreement; (b) CAD 150,000 within 24 months of the agreement; (c) CAD 200,000 within 36 months of the agreement; and (d) CAD 500,000 within 48 months of the agreement. Additionally, SLAM is to receive the following payments in shares issued by the Ontario exploration group once it goes public on a stock exchange: (e) 100,000 shares within 12 months of the agreement; (f) 100,000 shares within 24 months of the agreement; (g) 100,000 shares within 36 months of the agreement; and (a) 100,000 shares within 48 months of the agreement. SLAM retains a 2% net smelter return royalty on any saleable production from the claims. Fifty percent of the royalty equal to 1% NSR may be purchased at any time by the Ontario exploration group for CAD 1,000,000. Annuncio • Mar 02
Slam Exploration Ltd. (TSXV:SXL) acquired Benjamin Claim. Slam Exploration Ltd. (TSXV:SXL) acquired Benjamin Claim on February 28, 2022.
Slam Exploration Ltd. (TSXV:SXL) completed the acquisition of Benjamin Claim on February 28, 2022. Annuncio • Jan 22
Slam Exploration Ltd. Reports Diamond Drilling Results Up to 56.50 G/T Gold over 0.51 Metres SLAM Exploration Ltd. announce assay results for the last 14 diamond drill holes completed on its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick, Canada. Core intervals range up to 56.5 g/t gold over 0.51 m. Anomalous gold was detected in all 20 holes drilled. BG21-15 to BG21-19 tested the No. 22 vein system where it coincides with a 2,000 m long gold soil anomaly. Holes BG21-20 to BG21-22 tested the No. 2 vein 500 m to the south. The last 6 holes BG21-23 to BG21-28 were drilled on the No. 18 vein 250 m to the west. The Menneval Project: The Company drilled 20 holes to complete the 2021 exploration program on new gold veins discovered in 2020-2021 on its flagship Menneval Gold project. The property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Jan 19
Slam Exploration Ltd. announced that it has received CAD 0.293 million in funding Slam Exploration Ltd. announced a non-brokered private placement of 5,327,272 flow through units at CAD 0.055 per unit for gross proceeds of CAD 292,999.96 on January 17, 2022. Each flow through unit consists of one flow-through common share and one half of one common share purchase warrant issued on a non-flow-through basis. Each warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of CAD 0.10 for a period of 24 months from the date of closing. The flow through units are subject to a four-month and one day hold period that expires on May 1, 2022. The company has paid CAD 31,200 cash and issued 231,364 non-flow-through units with each non flow through unit being comprised of one common share and one warrant that is exercisable to purchase one additional common share at a price of CAD 0.10 for a period of two years to qualified parties.
The TSX Venture Exchange has accepted for filing documentation with respect to offering. The transaction included participation from 16 placees. The company paid finder's fee to EMD Financial Inc. Annuncio • Dec 14
SLAM Exploration Ltd. Announces Assay Results for First Five Diamond Drill from its Wholly-Owned Menneval Gold Project Located in Province of New Brunswick, Canada SLAM Exploration Ltd. announced assay results for the first 5 diamond drill recently completed on its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick, Canada. Vein No. 18 returned up to 162.50 g/t gold over 0.2 m in hole BG2111 and anomalous gold is widespread in all 5 holes. Holes BG21-09-BG21-12 were drilled to test vein No. 18. The BG2113 gold intercepts are extensions of the No. 9 vein system discovered by SLAM in 2013. Hole BG2114 was drilled beneath Vein No. 22, part of a swarm of gold veins discovered by SLAM in the 2020-21 trenching program. A total of 20 holes were drilled for a total program of 1222 m as reported September 19, 2021 and October 13, 2021. Assays are pending on 5 additional holes BG21-15 to BG21-19 all designed to further test the No. 22 vein swarm, for 3 holes BG21-20 to BG21-22 that tested the No. 2 vein and for an additional 6 holes BG21-23 to BG21-28 drilled on the No. 18 vein. The Menneval Project: The company drilled 20 holes to test the strike and depth extent of the swarm of new gold veins discovered in the 2020-2021 trenching program on its Menneval Gold project. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Sep 03
SLAM Exploration Ltd. Plans to Commence Diamond Drilling At Its Menneval Gold Project Located in the Mineral-Rich Province of New Brunswick SLAM Exploration Ltd. announced it plans to commence diamond drilling on September 7, 2021 at its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick. The initial hole will test the No 18 vein where the Company reported visible gold with assay results grading up to 3,955 g/t gold over 0.10 m thick from a trench sample as reported by the Company December 03, 2020. Other targets include vein No 2 with grab samples grading up to 363.00 g/t and vein No. 22 where the grab samples grading up to 11.30 g/t. These veins are part of a network of gold-bearing veins trending northeasterly over a strike-length of 1,400 m from the No. 2 vein. The veins are associated with a series of anomalous soils ranging from 5 to 206 ppb (0.206 g/t) gold that trend over a strike length of 2,800 metres east from the No. 18 vein. The Company expects to drill approximately 10 drill holes for a minimum of 1,200 metres. For additional information and maps visit Menneval Gold Project. The Menneval Project: The Menneval Gold project is SLAM’s project and the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Jul 20
Slam Exploration Ltd. announced that it has received CAD 0.296976 million in funding On July 19, 2021, Slam Exploration Ltd. closed the transaction. The company issued 3,299,731 flow-through units for gross proceeds of CAD 296,975.79 in the transaction. The flow through units are subject to a four-month and one day hold period that expires on November 16, 2021. The transaction included participation from 3 insiders for an aggregate of 1,611,110 flow-through units. The company paid CAD 10,567 cash and 53,150 non-flow-through units. Annuncio • Jul 15
Slam Exploration Ltd. announced that it expects to receive CAD 0.287976 million in funding Slam Exploration Ltd. announced a non-brokered private placement of 3,199,731 flow through units at CAD 0.09 per unit for gross proceeds of CAD 287,975.79 on July 13, 2021. Each flow through unit consists of one flow-through common share and one half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase one common share and one half of one common share purchase warrant at an exercise price of CAD 0.10 per share for a period of 24 months from the date of closing. The transaction may include participation from insiders of the company for an aggregate of 1,611,110 flow through units. The company may pay finder's fee in the transaction. The securities to be issued will be subject to a hold period of four months plus one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval. Annuncio • Jun 24
Slam Exploration Ltd. (TSXV:SXL) acquired Additional 100 Unit Claim in New Brunswick. Slam Exploration Ltd. (TSXV:SXL) acquired Additional 100 Unit Claim in New Brunswick effective June 23, 2021. Annuncio • May 26
SLAM Exploration Ltd. Launches 2021 Gold Program SLAM Exploration Ltd. announced that it has commenced the 2021 trenching program on its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick. Targets include numerous new gold veins discovered in 2020 and potential extensions associated with gold soil trends A to D. Targets include three veins: No 2, No 18 and No 22 where the Company reported visible gold in 2020. Grab samples from the No 2 vein ranged up to grading 363.00 g/t and up to 11.30 g/t in vein No 22. Multiple sites of visible gold were supported by assay results grading 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick as reported December 03, 2020. These veins are part of a swarm of gold-bearing veins extending eastward over a strike-length of 1,100 m. This vein system has only been tested intermittently and is open eastward. The initial trenching targets are gold soil trends A, B, C and D. Trend A is a 150 m wide by of 1,800 m long region of elevated gold ranging from 20 ppb to 206 ppb gold in soils reported on January 19, 2021. Trend B is a 600 m long parallel trend between the high grade Maisie vein and the new gold vein discoveries. Trend C is a 200 m long anomaly ranging from 46 ppb to 102 ppb gold. Trend D is a 700 m long cross-cutting trend. The intersection of gold trends A and D is a priority gold trenching target. The Menneval Project: The Menneval Gold project is SLAM’s project and the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Appalachian Gold Structure Model: The Menneval gold discoveries occur on the flank of a major Appalachian structure known as the Restigouche fault. Most other gold deposits in New Brunswick are associated with similar Appalachian structures such as the Millstream Break, Sawyer Brook and Wheaton Bay faults. Major Appalachian structures are associated with the Valentine, Moosehead, Queensway and many other gold deposits in Newfoundland, with the Haile gold mine in South Carolina and with the Dalradian gold project in Ireland. Other New Brunswick examples supporting this Appalachian gold structure model include gold discoveries by Puma Exploration Inc. (PUMA.V) near the Millstream Break and by Galway Metals Inc. (GWM.V) near the Sawyer Brook fault. Annuncio • Feb 27
Slam Exploration Ltd. (TSXV:SXL) acquired Wilson Brook Gold Project. Slam Exploration Ltd. (TSXV:SXL) acquired Wilson Brook Gold Project on February 26, 2021. The project was acquired by staking.
Slam Exploration Ltd. (TSXV:SXL) completed the acquisition of Wilson Brook Gold Project on February 26, 2021. Annuncio • Jan 29
SLAM Exploration Ltd. Reports Results from a Grab Sample of Trench Rubble SLAM Exploration Ltd. updated results from a grab sample of trench rubble that assayed 6.70 grams per tonne gold as reported in a news release dated December 16, 2020. This sample was re-analysed using ICP and found to contain 290 g/t silver, 0.08% copper, 1.57% lead and 3.45% zinc in addition to gold. It had been collected by SLAM during a preliminary prospecting program on its wholly owned Birch Lake gold-silver property located 100 km west of the city of Miramichi in central New Brunswick. The gold-silver bearing sample noted above is a grab sample (E6640181) described in the field as a siliceous breccia mineralized with hematite and minor dark sulphide. It was collected from an open trench that had been excavated by previous workers. SLAM expanded the Birch Lake project to cover gold anomalies in soil and till surveys completed by earlier workers as well as the River Dee gold occurrence located 14 km northwest of the Birch lake occurrence. The River Dee gold occurrence was discovered in 1986 following a soil geochemical survey. Hole CR86-2A collared into a breccia zone containing 0.343 g/t over 3.04 m. Other gold soil anomalies remain untested. A number of till anomalies ranging from 10 to 22 ppb located between the Birch Lake and River Dee gold occurrences have never been followed up. The Birch Lake Project: The expanded Birch Lake project comprises 461 claimunits in 8 mineral claims that cover 9,964 hectares of prospective mineral land located in north-central New Brunswick, 100 km west of the city of Miramichi. These wholly-owned claims were acquired by staking on the NB-eclaims portal. The Company intends to complete additional exploration on the Birch Lake project although the primary focus will be the Menneval gold project in 2021. Cumberland REE Project: The recently expanded Cumberland Rare Earth Element (“REE”) property comprises 4 mineral claims covering 1,322 hectares owned 100% by SLAM. The property is host to 2 REE mineral occurrences exposed in gravel quarries. Previous workers completed 2 diamond drill holes 225 m apart. REE intercepts were reported from both holes including a 22 m core interval grading 1.44% total REE. A soil geochemical survey by the same previous workers detected elevated REE values at several locations that have not been tested. Its Flagship - The Menneval Gold Project: The expanded Menneval Gold project is comprised of 572 mineral claimunits covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in the Menneval claims with the exception of 4 claimunits covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. The Company intends to focus its 2021 exploration strategy on the Menneval gold project. The first priority of the 2021 exploration program is to test significant gold trends in soils reported by news release on January 19, 2021 and to follow up on recent discoveries including vein No 18 where the Company reported 12 sites of visible gold with assay results grading 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick. Annuncio • Jan 20
SLAM Soil Samples Grade Up to 206 ppb Gold SLAM Exploration Ltd. announced assay results ranging up to 0.206 g/t gold (206 ppb) collected in a geochemical survey on its wholly owned Menneval gold project in northwestern New Brunswick. Anomalous gold was detected in 72% of the samples in survey. Highlights include an untested 1800 m long trend (“Gold Trend A”) of anomalous gold values along strike from vein No. 18 and other recently discovered extensions to Zone 9. The geochemical survey comprises 616 soil samples collected at a sample spacing of 25 m on lines spaced 200 m apart. A total of 544 samples (72 %) contain anomalous gold ranging from 5 ppb to 206 ppb gold. These include 253 samples (41%) greater than 10 ppb and 57 samples (10%) greater than 20 ppb. Most of these anomalous samples occur in areas that have yet to be tested by trenching or drilling. The Company combined the above noted sample data with an earlier batch of 281 samples to generate a contour map. The contours highlight an untested anomalous trend (“Gold Trend A”) ranging from 20 ppb to 206 ppb gold up to 150 m wide over a strike length of 1,800 m and located east of the No. 18 vein. Trend A extends to the eastern limit of the survey and is open eastward. A parallel untested trend (“Gold Trend B”) ranges from 16 to 49 ppb gold over a 600 m strike length located southeast of the Maisie gold vein. Gold Trend C is a 2-line long anomaly ranging from 46 ppb to 102 ppb gold with a strike length of 200 m located on the extreme south edge of the survey. In addition, there are a number of flanking anomalies and more isolated anomalies. Most of these anomalies, including gold trends A, B and C remain untested by trenching or drilling. The results noted above are comparable and generally exceed the results of the first soil survey which included samples ranging up to 57 ppb and one sample containing 683 ppb gold as reported by SLAM in a new release dated November 13, 2020. These were associated with known gold occurrences such as gold vein No. 18 and other newly discovered veins in the Zone 9 trench area. A soil anomaly defined by 5 samples ranging from 11 to 46 ppb gold occurs on one line adjacent to gold vein No. 18. Annuncio • Jan 08
SLAM Exploration Ltd. Reports Additional Assays Up to 11.30 g/t Gold SLAM Exploration Ltd. announced assay results ranging up to 10.3 g/t gold in grab samples from trenches M20-22 to M20-37 on its wholly owned Menneval gold project in northwestern New Brunswick. These trenches are located east of vein No. 18 where the Company reported samples ranging up to 3,955 g/t gold in a news release dated December 03, 2020. The Company received assay results ranging up to 11.30 g/t gold from 102 grab samples collected from quartz veins uncovered by trenches M20-13 and M20-22 to M20-37. Twenty samples contain gold ranging from 0.200 to 11.300 g/t gold. Anomalous gold in the range 0.002 to 0.199 g/t was detected in 66 samples. Gold contents in 16 samples were below the detection limit of 0.002 g/t. Trench 13 uncovered a vein adjacent to Zone 9 located 80 m east of vein No 18 where samples ranging up to 3,955 g/t gold over 0.1 m were reported in company news release dated December 03, 2020. Trench M20-22 located 280 m east of vein No. 18 uncovered a series of en echelon, sub-parallel quartz veins over a total strike length of 500 m and ranging from 0.07 to 0.30 m thick. The easternmost of these veins is mineralized with limonite and pyrite over a strike length of 150 m with one site of visible gold in sample 6640467 grading 11.30 g/t gold. Trenches M20-23 to 27 and M20-29 to 37 uncovered gold-bearing quartz veins ranging from 0.008 to 9.350 g/t gold and extending the vein system 1000 m east of vein No. 18 noted above. Trench 28 uncovered quartz veins that did not contain detectable gold. The easternmost trench M20-32 uncovered quartz veins in the vicinity of gold bearing float grading 0.92 g/t gold that had been discovered previously by the Company an additional 500 m to the east. Some trenches uncovered as many as 5 veins but since other trenches may have tested the same veins the actual number of veins is unknown. Most of these newly discovered veins have not been traced along strike by trenching and their respective strike lengths are yet to be determined. Vein thickness ranges from 0.05 to 0.30 m thick. Assays are pending on 15 samples collected from trenches M20-38 to 43 dug in the vicinity of Zone 9. Assays are also pending on an 17 additional samples collected from angular quartz boulders uncovered by trenches M20-44 to M20-48 in the vicinity of gold occurrence No. 11 where gold-bearing boulders had been reported previously by SLAM workers. These boulders are located 1,000 m east of the eastern most Zone 9 trench M20-32. The potential source of these boulders and the No. 11 occurrence is likely to be found in a 1,000 metre wide untested gap between trench M20-32 and the No. 11 occurrence. Assay results are pending on 600 soil samples collected from this gap. The Menneval Project: The Menneval Gold project is comprised of 480 claim units covering 10,460 hectares located in northwestern New Brunswick. The company holds a 100% interest in the Menneval claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. The 2020 Menneval exploration program was supported in part by a $30,000 contribution to the Menneval gold project under the New Brunswick Junior Mining Assistance Program. Annuncio • Dec 18
Slam Exploration Ltd. Discovers Gold, Silver & Base Metals on New Property Slam Exploration Ltd. reported the results from 5 grab samples ranging up to 6.70 g/t gold, 141 g/t silver, 0.95% copper, 68.95% lead and 2.06% zinc collected during a preliminary prospecting program on its wholly owned Birch Lake gold-silver property located 100 km west of the city of Miramichi in central New Brunswick. All 5 of the above noted samples were collected from an open trench that had been excavated by previous workers. Sample E6640181, assaying 6.70 g/t gold, is a sample of trench rubble comprising siliceous breccia mineralized with hematite. Samples E6640182 and E6640197 are trench rubble comprising a similar breccia mineralized with galena and hematite. Sample E6640196 is a 20 kilogram massive sulphide slab discovered in the rubble. Sample E6640198 is from a shear zone with hematite and galena in bedrock metasediments. The Birch Lake Project: The Company owns 2 mineral claims comprising 230 claim units that cover 5038 hectares of prospective mineral land located in central New Brunswick, 100 km west of the city of Miramichi. These wholly-owned claims were acquired in 2020 by staking on the NB-eclaims portal. The Company intends to complete additional exploration on the Birch Lake project although the main focus will be the Menneval gold project in 2021. The Menneval Gold Project: The Company intends to focus its 2021 exploration strategy on the Menneval gold project after demonstrating the success of the 2020 program with a series of recent news releases. The latest was news release dated December 3, 2020 which reported gold mineralization in all 17 samples collected from vein No 18 with assay results ranging from 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick and traced over a strike length of 114m. Assays are pending on samples from nearby trenches M20-19 to 21 and trench M20-22 located 300 m eastward and pending on at least 40 additional quartz veins newly discovered in an 800 m extension of the vein system east of trench M20-22. Assay results are also pending on 600 soil samples collected between Zone 9 and the No. 11 gold occurrence. The 2020 Menneval exploration program is supported in part by a $30,000 contribution to the Menneval gold project under the New Brunswick Junior Mining Assistance Program. The expanded Menneval gold project is now comprised of 480 claim units covering 10,460 hectares located in northwestern New Brunswick. The Company holds a 100% interest in the Menneval claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Mount Victor Gold Project: The Company completed a trenching program on its Mount Victor gold project to test two mineral occurrences discovered in preliminary prospecting by SLAM. The Company also completed prospecting and soil geochemistry on its wholly-owned properties located in central New Brunswick and in the vicinity of Clarence Stream where Galway Gold Inc. has reported successful gold drilling results in southern New Brunswick. Assays are pending on approximately 100 rock samples and 400 soil samples collected from these properties located in southern and central New Brunswick during the 2020 exploration season. Mount Uniacke Gold Project: A professional geologist completed a site visit on behalf of the Company to the Uniacke gold project located 100 km west of the Moose River gold mine operated by St. Barbara Mining Corp. in the Meguma gold district of Nova Scotia. Gold assays are pending on 7 samples collected from the rock dumps found in the vicinity of historic gold mine workings at Uniacke. Annuncio • Dec 04
Slam Exploration Ltd. Announces Assay Results Ranging Up to 3,955 G/T Gold from Trench M20-18 on Its Wholly Owned Menneval Gold Project in Northwestern New Brunswick Slam Exploration Ltd. announced assay results ranging up to 3,955 g/t gold from Trench M20-18 on its wholly owned Menneval gold project in northwestern New Brunswick. Trench M20-18 traced a mineralized quartz vein referenced as vein No. 18 intersected over a strike length of 114 metres with 12 sites of visible gold. Gold was detected in all 17 samples collected from vein No 18 which was traced over a strike length of 114m. Assay results range from 1.22 to 3,955 g/t gold over widths ranging from 0.04 to 0.12 m thick. Trench 19 was a crosscut trench designed to find the extension No. 18 where it was displaced by a fault. Trenches M20-20 and M20-21 were dug in close proximity to the original Zone 9 vein looking for potential extensions. Trench M20-22 located 300 m east of trench M20-18 uncovered a series of en echelon, sub-parallel quartz veins over a total strike length of 500 m. These veins range up to 0.30 m in thickness but locally are 1.0 m thick. One vein is mineralized with limonite, pyrite and at least one site of visible gold. At least 40 additional quartz veins were discovered in an 800 m extension of the vein system east of trench M20-22 where the Company dug 20 crosscut trenches. The excavator was then moved an additional 1,700 m eastward to the site of Maisie gold occurrence No. 11 where visible gold in a boulder had been reported previously by SLAM workers. The Company dug an additional 5 trenches M20-44 to M20-48 and uncovered numerous quartz boulders in the vicinity of gold occurrence No. 11. After completion of trench M20-48, the excavator was demobilized pending receipt of assay results on samples collected from selected boulders as well as approximately 40 newly discovered veins. Assay results are also pending on 600 soil samples collected between Zone 9 and the No. 11 gold occurrence. The exploration program is supported in part by a $30,000 contribution to the Menneval gold project under the New Brunswick Junior Mining Assistance Program. The Menneval Project: The expanded Menneval Gold project is now comprised of 480 claim units covering 10,460 hectares located in northwestern New Brunswick. The Company holds a 100% interest in the Menneval claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Nov 14
Slam Exploration Ltd. Reports Elevated Gold Values from Soil Survey SLAM Exploration Ltd. announced results for 282 soil samples collected from the vicinity of Zone 9 where new discoveries of quartz veins No 18 and No 22 with multiple sites of visible gold were recently reported in the Company’s news releases issued October 20, 2020 and October 26, 2020. Zone 9 is located about 600m south of the Maisie gold vein within the Company’s wholly-owned Menneval gold project in northwestern New Brunswick. The Company collected 281 soils samples at 25m intervals on 8 grid lines spaced 100 metres apart and on an additional line at 50 m spacing in the vicinity of recently discovered gold veins. Elevated levels of gold ranging from 5 to 683 parts per billion (“ppb”) occur in 92 of the samples. These include 79 samples containing gold in the range 5 to 20 ppb and 12 samples with gold in the range 21 to 57 ppb. One sample contains 683 ppb gold at an untested site about 25 m north of Zone 9. Elevated gold levels in the soil indicate potential for extensions of the Maisie vein system to the west, south and east of the known gold veins in the vicinity of Zone 9. The soil anomalies are open in all 3 directions showing potential to extend further. The Company received the positive soil results after it had dug trench M20-22 which uncovered vein No 22, a 550m long vein with one section mineralized with limonite, goethite and pyrite over a strike length of 180m and at least one site of visible gold reported. Since then, the Company has continued digging cross trenches and has uncovered a series of en echelon veins extending 800m northeast of vein No 22. This expands the Menneval vein system to an area with a north-south dimension of 1,200 m from the northern tip of the Maisie gold vein to the southern tip of vein No. 22 and an east-west dimension of 1,200 m. The vein system is open to the east of the new vein discoveries. The Company continues the trenching program to discover veins using an excavator and to collect grab samples of vein material. The current focus is to discover as many veins as possible by a series of cross trenches and by grab sampling to identify the higher grade areas. The Company is currently trenching to test for potential new veins and extensions associated with gold soil anomalies south and west of Zone 9. Assays are pending on 56 grab samples collected from trenches M20-18 to 22, some containing visible gold as reported October 26, 2020. In addition, 45 samples collected from trenches M20-23 to 33 are being shipped to the lab. Results are still pending from 282 soil samples that may assist the Company in the search. The Menneval Gold project is now comprised of 480 claim units covering 10,460 hectares located in northwestern New Brunswick. The Company holds a 100% interest in the Menneval claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Oct 29
SLAM Exploration Ltd. Discovers Extension of Gold Vein Network SLAM Exploration Ltd. announced trench M20-22 has followed a quartz vein ("No. 22") over a strike length of 560 m. Vein No. 22 is located 200 m southeast of vein No. 18 which was reported to have multiple sites of visible gold in the Company's news release issued October 20, 2020. The vein system at Menneval now extends an overall distance of 1,400 m from the northern tip of the Maisie vein to the southern tip of vein No. 22 with an east-west dimension of 600 m. The Maisie vein and these new gold discoveries are all located on SLAM's wholly owned Menneval gold project. The northeast section of vein No. 22 is mineralized with limonite, goethite and pyrite over a strike length of 180 m and one site of visible gold reported. Vein No. 22 terminated against a porphyry dyke at its northeast end. The Company is currently excavating cross-trenches designed to locate the extension of vein No. 22 northeast of the porphyry dyke. Two additional flanking veins have already been discovered in cross-trench M20-23. Assays are pending on 16 grab samples collected from vein No. 18 and 5 samples from trenches M20-19 to 21, some containing visible gold as reported October 20, 2020. In addition, 35 samples collected from No. 22 are being shipped to the lab. Results are still pending from 282 soil samples that may assist the Company in the search for potential new veins and extensions. Following this trenching program, the Company expects a potential resumption of diamond drilling activities to test these new gold occurrences. The exploration program is supported in part by a $30,000 contribution to the Menneval gold project under the New Brunswick Junior Mining Assistance Program. The expanded Menneval Gold project is now comprised of 480 claim units covering 10,460 hectares located in northwestern New Brunswick. The Company holds a 100% interest in the Menneval claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR. Annuncio • Oct 06
Slam Drills Announces Results from A Diamond Drilling on Its Wholly Owned Menneval Gold Project in Northwestern New Brunswick SLAM Exploration Ltd. announced the results from a diamond drilling on its wholly owned Menneval Gold project in northwestern New Brunswick. Gold mineralization was intersected in all 9 holes ranging from 0.10 g/t up to 10.3 g/t gold over 0.3 m. The Company completed 9 diamond drill holes for a total of 624 m that test the Maisie gold vein over a strike length of 250 m. All 9 holesintersected quartz and carbonate zones representing the Maisie vein over core lengths ranging from 0.2 m to 1.1 m at down hole depths ranging from 28 m to 105 m. Previous trenching and drilling programs traced the Maisie gold ?bearing quartz vein over a strike?length of 700 metres and to a depth of 30 metres. The Company recently announced the new discovery of a series of quartz veins uncovered by trenching in the area south of the Maisie vein adjacent to Zone 9. The new veins range up to 1 m thick and are mineralized with limonite and locally pyrite. Visible gold was reported from two of the veins. The Company collected 42 grab samples from the trenches and 282 soil samples from the trench area. Pending assays from the grab samples, additional trenching is planned for this new gold discovery. Annuncio • Aug 13
Slam Exploration Ltd. announced that it has received CAD 0.25562 million in funding On August 11, 2020, Slam Exploration Ltd. (TSXV:SXL) closed the transaction. The company issued 4,260,334 flow-through units for gross proceeds of CAD 255,620 in the transaction. The transaction included participation from officers and directors of the company for 1,533,334 units for proceeds of CAD 92,000. The company paid finders’ fees of CAD 10,260 in cash and issued 85,500 compensation shares and 85,500 warrants to eligible finders. Annuncio • Aug 11
Slam Exploration Ltd. announced that it expects to receive CAD 0.3 million in funding Slam Exploration Ltd. (TSXV:SXL) announced a non-brokered private placement of 5,000,000 flow through units at CAD 0.06 per unit for gross proceeds of up to CAD 300,000 on August 7, 2020. Each flow through unit consists of one flow-through common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one non-flow through common share at a price of CAD 0.08 per share for a period of 48 months from the date of closing. The company may pay finder's fee in the transaction with the rules and policies of the TSX Venture Exchange. Insiders may participate in the transaction for which a finder’s fee will not be paid. The securities issued are subject to a hold period of four months plus one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval. The transaction is expected to close on or about August 11, 2020. Annuncio • Jul 30
Slam Exploration Ltd. (TSXV:SXL) acquired two additional claims in New Brunswick. Slam Exploration Ltd. (TSXV:SXL) acquired two additional claims in New Brunswick on July 10, 2020. The company can buy down 0.5% NSR for CAD 0.5 million and has right of first refusal on the remaining 1% NSR. No drilling is planned on these 4 claims.
Slam Exploration Ltd. (TSXV:SXL) completed the acquisition of two additional claims in New Brunswick on July 10, 2020. 
