SLAM Exploration Prospecting Rare Earth Minerals at Nash Creek
Historical Records Indicate Elevated Rare Earth Elements
SLAM has researched Provincial records and found a REE occurrence located approximately 2 km west of the yttrium-phosphorus soil anomalies within its extensive Nash Creek claim group. These records indicate elevated REE values in a volcanic breccia zone and spatially associated with a magnetic anomaly that trend 2.5 km along strike. Assays are pending for 15 mineral samples collected from various sites including this breccia zone. This provides further evidence for volcanic-hosted rare earth mineral potential within the Jacquet River graben, a major Appalachian rift zone.
Yttrium-phosphorus soil anomalies indicate potential for rare earth minerals similar to mineralization found about 20 km westward at
The Nash Creek property comprises 469 claims covering 7,504 hectares and is host to the Nash creek zinc-lead-silver deposit. A power-line, railway and major highway transect the property and provide direct access from the deposit to the Belledune seaport and lead smelter within 25 km. Xstrata's BMS No. 12 mine and mill is within 75 km.
After mill recoveries are factored in, the Nash Creek deposit contains indicated resource of 468M lbs zinc, 95M lbs lead and 4.6M oz silver, plus inferred resource of 71M lbs zinc, 14M lbs lead and 0.7M oz silver These occur within an indicated resource of 7,807,900 tonnes grading 2.72% zinc, 0.55% lead and 18.26 g/t silver plus an inferred resource of 1,211,700 tonnes grading 2.66% zinc, 0.52% lead and 18.00 g/t silver. SLAM reported the indicated and inferred resources by press release on
Michael R. Taylor, P.Geo. President and CEO of SLAM Exploration Ltd. is the Qualified Person responsible for the technical information contained herein.
SLAM is a mineral resource company based in Miramichi,
On behalf of the Board Mike Taylor, P. Geo. President & CEO SLAM Exploration Ltd. SEDAR: 00012459E
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.
%SEDAR: 00012459EFor further information: Corporate Inquiries: Mike Taylor, President & CEO, (506) 627-1353, Toll Free: 866-523-6719, firstname.lastname@example.org