New Brunswick Mining News

6/12/2012

SLAM Finds More Gold-bearing Quartz Veins in St. Quentin

SLAM Exploration Ltd. reports the discovery of additional gold-bearing quartz boulders and veins at its recently acquired NW Gold project located near Saint Quentin, New Brunswick. Trenching revealed a series of quartz veins in bedrock over a strike length of 250 m, locally with visible gold and grab samples ranging up to 493 g/t gold as reported by SLAM in a press release dated January 9, 2012. 

The SLAM prospecting team has discovered a new site with angular quartz boulders and grab samples grading up to 1.86 g/t gold. This site is 480 m from the original Lavoie discovery and extends the potential strike length of this gold-bearing system to 580 m. A grab sample grading 0.75 g/t gold was collected from another quartz boulder 800 m from the discovery site. This boulder occurs near a series of quartz veins that outcrop and may represent a separate vein system on the property. Additional assays are pending on prospecting samples from these sites.

SLAM geologists are encouraged by this prospecting program. The gold-bearing structure is extended and additional quartz veins and structures have been identified. The Company will continue with the successful prospecting program and expects to follow with trenching to further test these sites as well as the original discovery.



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