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Slam Exploration ( (TSE:SXL) ) just unveiled an announcement.
SLAM Exploration Ltd. has acquired mineral rights for the 2640-hectare Love Lake gold claim, adjacent to its Jake Lee gold project in New Brunswick. The acquisition includes promising exploration results, such as quartz float grading up to 302.5 g/t gold. SLAM plans to commence an exploration program to locate the bedrock sources of high-grade gold floats. The agreement with Grindstone Resources Inc. allows SLAM to earn an 80% interest in the Love Lake Property through staged work expenditures and cash payments, potentially enhancing its gold exploration portfolio and positioning in the industry.
More about Slam Exploration
SLAM Exploration Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold exploration, with projects like the Jake Lee gold project, and is expanding its interests in New Brunswick, Canada.
Average Trading Volume: 364,438
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.23M
For an in-depth examination of SXL stock, go to TipRanks’ Stock Analysis page.