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Slam Exploration ( (TSE:SXL) ) just unveiled an update.
SLAM Exploration Ltd. has announced a second gold discovery on its Jake Lee mineral claims in New Brunswick, with a new gold-bearing vein identified 100 meters south of the initial discovery. The company plans further trenching to evaluate these zones, which are part of a larger project area with numerous gold targets, highlighting the potential for significant mineralization. Additionally, SLAM has conducted geophysical surveys on its Goodwin copper-nickel-cobalt claims, identifying potential extensions of mineralization, and is planning a 4,000-meter drill program to expand these zones.
More about Slam Exploration
SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in New Brunswick. The company focuses on gold exploration, having made significant discoveries on its Jake Lee project, and is involved in copper, nickel, and cobalt exploration within the Bathurst Mining Camp.
Average Trading Volume: 231,577
Technical Sentiment Signal: Buy
Current Market Cap: C$7.7M
See more insights into SXL stock on TipRanks’ Stock Analysis page.