Slam contemplates 4,000 m drill program at Goodwin
Executive Summary
- Slam Exploration released results of its third induced‑polarization (IP) line (L3300E) over the Granges, Farquharson and Logan zones at Goodwin, indicating deep chargeability anomalies that suggest extensions of all three copper‑nickel‑cobalt zones.
- The company is soliciting drilling contractors for a 4,000 m diamond‑drilling campaign aimed at expanding the Granges and Farquharson zones both laterally and at depth; prior drilling returned a 64.90 m interval grading 1.61 % CuEq (hole GW24‑02) and a 60.60 m interval grading 0.90 % CuEq (hole GW24‑03).
- Additional cash and share consideration were received in early 2025 from partner agreements, supporting ongoing exploration financing.
Key Details
- IP Survey – Line L3300E:
- Conducted over Goodwin’s Granges, Farquharson and Logan zones; chargeability values up to 995 mV/V identify deep targets beneath the Farquharson zone.
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Anomalies coincide with resistivity lows at depth and to the north, indicating potential mineralization extensions.
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Historical Drill Intercepts (for context):
- Hole GW24‑02 (Granges zone): 64.90 m @ 1.61 % CuEq from 23.60 m to 88.50 m.
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Hole GW24‑03 (Farquharson zone): 60.60 m @ 0.90 % CuEq from 72.90 m to 133.50 m.
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Planned Drilling Program:
- Target length: 4,000 m of diamond drilling on the road‑accessible Goodwin project.
- Primary objectives: extend Granges and Farquharson zones along strike and at depth; identify higher‑grade mineralized intervals.
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Request for proposals (RFP) issued to multiple drilling contractors.
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Future Exploration Activities:
- Additional IP surveys slated to broaden the target area beyond Line L3300E.
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Anticipated resumption of the 2025 exploration season after fire‑season road closures.
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Recent Cash & Share Consideration (Financing Support):
- Feb 28 2025: Received $9,000 cash + 1.2 M shares of Nine Mile Metals Inc. under the Wedge project agreement.
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Mar 29 2025: Received $60,000 cash + 180,000 shares from a private company under the Ramsay gold agreement.
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Jake Lee Gold Project Update (related):
- Eight grab samples from trench JT25‑01 returned 7.42–94.80 g/t Au; assays pending on additional material.
Notable Quotes
“Our IP and drilling results demonstrate that the Goodwin copper‑nickel‑cobalt project has the potential to contribute meaningfully to Canada’s critical elements portfolio… we expect Goodwin to play a significant role.” – Mike Taylor, President & CEO
Materiality Assessment: Non‑Material – Positive (the release provides material exploration updates but does not disclose definitive resource expansions or financial results).