SLAM CEO Speaking About Mine Street Acquisition at PDAC

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Core Intervals to 14.51% Zinc, 5.86% Lead, 0.67% Copper and 139.9 g/t Silver

MIRAMICHI, New Brunswick, March 04, 2024 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (TSXV-SXL) (“SLAM” or the “Firm”) declares that CEO Mike Taylor is doing a presentation at The Atlantic Edge Traders Program at PDAC at 3:00 PM Tuesday, March 5 about SLAM’s Mine Street zinc copper silver acquisition reported in a information launch September 6, 2023. The Mine Street undertaking is host to six volcanic large sulphide (“VMS”) occurrences unfold over a 9.555 hectare group of mineral claims adjoining to the previous producing Heath Steele mine within the mineral-rich Bathurst Mining Camp (“BMC”) of northern New Brunswick. For extra data on the Atlantic Edge Program, click on the Atlantic Edge Traders Program.

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Historic Mine Street Drilling: Diamond drill gap IL2014-003 cored a 9 metre interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver on the Railroad zone. Diamond drill gap IL2018-01 intersected 7.0 meters of 0.9% copper on the Roche Development, 5 kilometres southwest of the Railroad Zone. This drilling information is a small pattern of the wealth of knowledge ensuing from $1,448,000 in exploration expenditures utilized to the Mine Street undertaking throughout the previous 12 years. Present evaluation work credit of $428,776 can be found for future declare renewals.

Drill-Prepared VMS Targets At Mine Street: The Railroad and Roche zones are open to check for potential extensions at depth and alongside strike. Different targets embrace the Island Lake, Captain West, Sandburn Brook and Brunsman VMS occurrences together with a variety of untested airborne conductors and magnetic anomalies.  

Infrastructure: The Mine Street undertaking is positioned on the Mine Street (Route 430) which connects the previous Heath Steele mine to town of Miramichi 60 kilometres to the southeast. The claims are accessed from this paved highway and a sequence of logging roads. Electrical energy is out there from traces that join Heath Steele to the New Brunswick energy grid.

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Mine Street Venture: SLAM has acquired 3 further mineral claims since acquisition of the Mine Street undertaking. The expanded undertaking now covers 9,555 hectares of mineral potential adjoining to the previous producing Heath Steele mine property the place 21 M tonnes had been mined from 1957 to 1996. A complete of two,330 million kilos of zinc, 833 million kilos of lead, 446 million kilos of copper and 45 million ounces of silver had been processed. (For reference, these numbers are derived from: McCutcheon, S.R. (compiler) 1997; Geology and large sulphides of the Bathurst Camp, New Brunswick; Geological Affiliation of Canada – Mineralogical Affiliation of Canada, Joint Annual Assembly, Ottawa ’97, Discipline Journey B7, Guidebook, 85 p.)

About SLAM Exploration Ltd: SLAM holds a big portfolio of mineral declare holdings within the mineral-rich province of New Brunswick. The flagship is SLAM’s wholly owned Menneval gold undertaking in northern New Brunswick. SLAM has found a number of gold-bearing veins and beforehand reported gold bearing core intervals together with 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m (information releases December 13, 2021 and Nov 22, 2022) The Firm has additionally reported important gold discoveries in southern New Brunswick on its Jake Lee and Freeway tasks within the neighborhood of the Clarence Stream gold deposit the place Galway Metals Inc. is engaged on a 2.3 M ounce gold deposit. The Freeway undertaking has demonstrated polymetallic potential with 10 recognized mineral occurrences that embrace zinc, silver, copper, cobalt, molybdenum and tin in addition to gold.

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The Firm just lately added the Mine Street zinc silver undertaking to its base steel portfolio within the mineral wealthy Bathurst Mining Camp of New Brunswick. Earlier staff drilled large sulphide zones together with with 2 large sulphide intervals in gap IL2014-003 with a 9 metre core interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver and a 3 metre interval grading 6.57% zinc, 2.78% lead, 0.46% copper, and 68.1 g/t silver.

The Firm holds NSR royalties and expects more money and share funds on the Wedge copper zinc undertaking. SLAM additionally holds NSR royalties and will obtain addition money and share funds on the Ramsay, Reserve Creek and Opikeigen gold tasks.

To view SLAM’s company presentation, click on SXL-Presentation. Further data is out there on SLAM’s web site and on SEDAR+ at www.sedarplus.ca.  Comply with us on X @SLAMGold.

QA-QC Procedures: The drilling outcomes described above are from evaluation studies by effectively established mining corporations with assays from business laboratories. The evaluation studies included a abstract of QA-QC procedures and the Firm deems these outcomes to be dependable.

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Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a certified individual as outlined by Nationwide Instrument 43-101, and has authorised the contents of this information launch.

Sure data on this press launch might represent forward-looking data, together with statements concerning mineral assets and the Firm’s plans with respect to the exploration and growth of its properties.
This data is predicated on present expectations which are topic to important dangers and uncertainties
which are tough to foretell. Precise outcomes would possibly differ materially from outcomes advised in any forward-looking
statements. The Firm assumes no obligation to replace the forward-looking statements, or to replace the explanation why precise outcomes may differ from these mirrored within the ahead looking-statements except and till required by securities legal guidelines relevant to the Firm. There are a selection of threat components that might trigger future outcomes to vary materially from these described herein. Info figuring out dangers and uncertainties is contained within the Firm’s filings with the Canadian securities regulators, which filings can be found at www.sedarplus.ca. Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this launch.

CONTACT INFORMATION:

Mike Taylor, President & CEO
Contact: 506-623-8960 mike@slamexploration.com

Eugene Beukman, CFO
Contact: 604-687-2038 ebeukman@pendergroup.ca                              SEDAR+: 00012459

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