SLAM finds gold in Menneval, The Canadian Business Journal

MIRAMICHI, New Brunswick, October 17, 2022 (GLOBE NEWSWIRE) — Slam Exploration Co., Ltd. (“slum” or “Company” TSXV: SXL) showed visible gold in core samples cut from 4 of 11 diamond-drilled holes in a 646 m (meter) program completed at the wholly owned Menneval gold project in New Brunswick, Canada. We are happy to announce what has happened. Ten of the 11 holes were intersected by fine pyrite-, limonite-, and/or goethite-mineralized quartz veins over core lengths ranging from 0.10 m to 2.30 m. Assays are pending for 113 samples submitted for gold assay.

The company drilled 5 holes in Zone 18 and 6 holes in Maisie Vessel. All five holes in Zone 18 were intersected by quartz veins with core lengths He between 0.10 and 0.35 m. These holes were drilled close to previously drilled intervals and reported visible gold, with grades up to 162.5 g/t gold (grams/tonnes of gold) at 0.2 m and 56.50 g/t gold has been reported in Zone 18. We will contact you on December 3, 2020 and January 20, 2021.

Five of the six mazy 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, with visible gold in two holes. For additional information and maps, please visit the following pages of our website on his website: The Menneval Gold Project or call Mike Taylor at 506-623-8960.

$30,000 NBJMAP Grant: The Menneval Drilling Program is partially supported by a $30,000 grant under the New Brunswick Junior Mining Assistance Program (“NBJMAP”). We thank the state for its continued recognition of the Menneval project and its importance to New Brunswick’s emerging gold industry.

Meneval Project: Analysis of 113 sample sawn cores from SLAM’s flagship Menneval Gold Project’s 11-hole diamond drilling program is pending. The property consists of 351 Mineral Claims Units covering 7589 hectares located in northwestern New Brunswick. The Company holds his 100% interest in these claims, with the exception of four claim units covering 105 hectares subject to 1.5% NSR. The company may purchase 0.5% of his NSR for his $500,000 and has a first refusal right on the remaining 1% of his NSR.

About SLAM Exploration Ltd:

SLAM is a project generating resource company focused on its flagship product, Menneval Gold. The Company has located near the Puma Exploration Limited gold discovery at Williams Brook in Millstream Blake in Southern New Brunswick, Gold Brook, Birch Lake Gold, Wilson Gold and Ramsay Gold. I own the project. SLAM also owns the Jake Lee, Mount Victor and Little Mount Pleasant goldfields on the flanks of the Sawyer Brook and Wheaton Bay faults near Galway Metal’s Clarence Stream gold deposit. SLAM owns the Keezhik and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in Bathurst Mining Camp (“BMC”) subject to option agreements. SLAM holds his NSR royalties to BMC’s Superjack, Nash Creek, and Cooley zinc-lead-copper-silver properties.

The Company has generated cash from the sale of securities received from mineral asset option agreements with other companies and has sufficient funds for ongoing work. Additional information about SLAM and its projects is available through his SEDAR filings at www.slamexploration.com or www.sedar.com. Follow us on Twitter @SLAMGold.

QA-QC procedures: Drill cores were picked up at the core of the drill site and transported to a secure facility for logging by SLAM’s dedicated team. Selected cores were marked for sampling and sawing. The company inserted blanks and standards into the sample series at regular intervals. Samples were sent to AGAT Laboratories (“AGAT”) for gold analysis under AGAT analysis code 202-051. Samples over 10 g/t gold are re-analyzed using the gravimetric method.

Eligible Statement: 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 technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements. Addresses private placements, private placement closings, future production and reserves exploration and development activities, events or developments that we may anticipate; This information is based on current expectations that are subject to significant risks and uncertainties. one that is difficult to predict. Actual results may differ materially from those implied in the forward-looking statements. statement. We undertake no obligation to update any forward-looking statements, except as required by securities laws applicable to us, or to update any reason why our actual results may differ from those reflected in the forward-looking statements. shall have no obligations. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying the risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators. www.sedar.comNeither TSXV nor its regulated service providers (as those terms are defined in TSXV’s policy) assume responsibility for the adequacy or accuracy of this release.

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