Drilling For Critical Elements In The Mineral-Rich Province Of New Brunswick, Canada
MIRAMICHI, NB / ACCESS Newswire / September 24, 2025 / SLAM Exploration Ltd. (TSXV:SXL) ("SLAM" or the "Company") is pleased to announce that diamond drilling is underway at the Goodwin Copper-Nickel-Cobalt Project, located in the Bathurst Mining Camp of New Brunswick. The drill is currently set up on hole GW25-16, targeting the Granges Copper-Nickel-Cobalt Zone. This zone was previously tested by GW24-02, which intersected a 64.90 meter core interval grading 0.73% copper, 0.64% nickel and 0.05% cobalt, as reported in the Company's news release dated August 7, 2024.
Hole GW25-16 is positioned approximately 40 meters east and 20 meters north of hole GW24-02 and designed to test the eastward projection of the Granges Zone. In addition, GW24-16 will evaluate an Induced Polarization anomaly at depth below the Granges Zone, as shown in Figure 1.
Figure 1. Projection of DDH GW25-16 and GW24-02 with Chargeability and Inversion L200E
About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. Diamond drilling is in progress on the Goodwin copper-nickel-cobalt project in the Bathurst Mining Camp ("BMC") of New Brunswick. The drilling program follows significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024 on the Goodwin project These include a 64.90 meter core interval grading 0.73% copper, 0.64% nickel and 0.05 % cobalt including 1.11% copper, 0.95% nickel and 0.07% cobalt over a 39.40 meter core interval as reported in a news release August 7, 2024. Induced Polarization ("IP") results for 3 lines over the Granges, Logan and Farquharson copper-nickel-cobalt zones show potential for depth extensions as reported July 18, August 7 and August 21, 2025 in News Releases by the Company.
The Company launched its 2025 exploration program with two new gold discoveries on its wholly-owned Jake Lee claims. Slam reported eight grab samples with assays ranging from 7.42 grams per tonne ("g/t") to 94.80 g/t gold in the initial discovery on July 9, 2025. A second discovery comprised quartz float grading 16.20 and 3.78 g/t gold respectively in Trench JT25-05 located 100 meters southwest of the initial discovery as reported August 28, 2025.
SLAM drilled 2 holes and cut multiple gold-bearing veins on its wholly owned Menneval gold project in 2024. The Company previously reported gold bearing core intervals including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m in news releases on December 13, 2021 and November 22, 2022. The Company is currently collecting 1,000 additional samples to expand the soil coverage and further define the target on this extensive vein system.
The Company is a project generator and expects to receive significant cash and share payments in 2025. SLAM received $9,000 cash and 1,200,000 shares from Nine Mile Metals Inc. (NINE) on February 28, 2025 pursuant to the Wedge project agreement. On March 29, 2025, the Company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.
To view SLAM's corporate presentation, click SXL-Presentation. Additional information is available on SLAM's website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold.
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.
CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960
mike@slamexploration.com
Jimmy Gravel, Vice-President
Contact 902-273-2387
jimmy@slamexploration.com
SEDAR+: 00012459
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are often, but not always, identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "may," "could," "would," "might," or "will," and similar expressions.
Forward-looking statements in this news release include, but are not limited to: statements regarding the Company's exploration plans at the Goodwin Project, the anticipated scope, timing and results of the current drill program, the potential extension of mineralized zones, and the potential to identify additional mineral resources. Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this release, but involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements.
Such risks and uncertainties include, without limitation: exploration results that may not confirm anticipated interpretations; delays in exploration programs; availability of drill equipment, contractors, and personnel; increases in costs; changes in commodity prices; availability of financing on acceptable terms; general economic, market and business conditions; regulatory changes; environmental risks; operating hazards; delays or inability to obtain required approvals; and other risk factors described in the Company's most recently filed Management's Discussion and Analysis and in other filings with Canadian securities regulators
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: SLAM Exploration Ltd.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/metals-and-mining/slam-drilling-for-copper-nickel-and-cobalt-on-granges-zone-at-goodwin-1077328
