NEW BRUNSWICK - Toronto-based SLAM EXPLORATION has reported an initial resources estimate for its Hayes zinc-lead-silver deposit located in its wholly-owned Nash creek property in the northern part of the province. The estimate includes an indicated resource of 3.4 million tonnes (5.01% Zn, 0.89% Pb and 30.95 g/t Ag) plus an inferred resource of 1.7 million tonnes (3.68% Zn, 0.66% Pb and 19.20 g/t Ag).
Drilling to date defines the Hayes base metal sulphide deposit at a depth range from surface to 225 metres, over a strike length of 800 metres and over a width of up to 200 metres.
Slam intends to expand the Hayes deposit by a step-out drilling program to test potential extensions from known mineral intercepts. The company also intends to test the potential for satellite deposits within the Nash Creek geological complex as suggested by coincident soil geochemical, gravity and MegaTEM conductors located within a horizontal, sheet-like conductive zone identified by the MegaTEM survey. Currently, the defined mineralization of the Hayes deposit occupies only 16 hectares along the western margin of this entire conductive zone underlying 1,500 hectares of the Nash Creek property.
Maps showing previous MegaTEM results as well as drill hole locations can be viewed at www.SlamResources.com.