Welcome To The SLAM Exploration HUB On AGORACOM

Gold and Base Metal Projects (Ontario and New Brunswick)

Free
Message: For The Price Of A Dime!

For The Price Of A Dime!

posted on Jul 19, 2008 06:16PM

I posted this on stockhouse earlier, and am too tired to paraphrase it or compose something else, so I thought I'd simply repost it here as there seems to be little being said this weekend. Take care.

I never thought I'd ever say this, but it was nice to see SXL close the week up at a dime. And what does a dime buy these days? Well, if it's a share purchase of SLAM Explorations, you get:

- a share of a company that continues to delineate and expand their flagship Nash Creek zinc-lead-silver deposit where, when drilling is completed, updated calculations should outline a resource of over 10 million tonnes of open pittable ore that will lead to a feasibility study

- a share of a company that recently added to their Reserve Creek property where recent drill results included intervals of 4.8 m that graded 6.11g Au/tonne, and that interval included 2 - 0.5 m intervals that each graded about 24 g Au/tonne as well; 4.6 m grading 7.49 g Au/tonne (including 0.7 m of 16.7g Au/tonne and 0.9 m of 7.79 g Au/tonne)

- a share of a company that awaits assays from the OL12 zone and Fort Hope Gold Mine zone on the Opikeigan property. Past results yielded assays over 1 oz. gold/tonne from OL12 and a historic bulk sample from FHGM assayed over 8 oz. gold/tonne

- a share of a company that recently initiated drilling on the Costigan base metal property where past results (from over 40 holes) included 7.5 m of 5.7% zinc, 1.5% lead and 7.2g silver per tonne. A geochemical survey has outlined a huge anomaly (quite similar to Nash) on the property. Copper and gold assays were also reported from this zone. Management is quite optimistic and has stated this property could be a "company builder" and outline additional ore to potentially feed a mill at Nash Creek, thereby further improving the feasibility of developing mining/milling operations in New Brunswick

- a share of a company that owns the Nepisiguit property where the last assays reported at the completion of the previous drill program included 11.2 m grading 6.1% zinc, 0.8% lead and 31 g silver/tonne. Another base metal property in NB with huge potential

- a share of a company that this fiscal year will be conducting exploration on the Jake Lee property (among several other grassroot plays outlined by mallgirl) where past grab samples from boulders have assayed up to 10 ozs gold/tonne, and stream sed and geochem sampling have outlined an extensive gold anomaly

- a share of a company that has over $2 million in the bank, avoiding any near term dilution

- a share of a company that has a diligent, resourceful and knowledgeable management team that is committed to developing SLAM from an exploration company to a junior mining company

Not too bad for a dime!

Have a great weekend!

2
Jul 20, 2008 06:25AM
2
Jul 21, 2008 12:51PM
2
Jul 21, 2008 03:02PM
Share
New Message
Please login to post a reply