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An announcement from Slam Exploration ( (TSE:SXL) ) is now available.
SLAM Exploration has completed channel sampling on the high-grade No. 1 gold vein at its wholly owned Jake Lee project in southwestern New Brunswick, with assays pending on 11 channel and 52 grab samples that follow earlier grades of up to 94.80 g/t gold. The company also uncovered additional quartz veins and chalcopyrite-bornite mineralization that could extend existing structures, continues to expand soil geochemical coverage over a 3 km vein system, and secured $45,000 in provincial junior mining assistance, moves that collectively strengthen its exploration pipeline and underscore the growing potential of Jake Lee within a proven regional gold camp anchored by nearby Clarence Stream.
More about Slam Exploration
SLAM Exploration Ltd. is a publicly listed Canadian resource company focused on gold and critical minerals exploration in New Brunswick, where it holds a 40,000-hectare portfolio of mineral claims. The company operates as a project generator, advancing assets such as the Goodwin copper-nickel-cobalt project in the Bathurst Mining Camp and high-grade gold systems including the Jake Lee and Maisie vein projects, while also generating cash and share payments through property agreements with partners.
Average Trading Volume: 143,318
Technical Sentiment Signal: Buy
Current Market Cap: C$13.8M
For a thorough assessment of SXL stock, go to TipRanks’ Stock Analysis page.