Slam Exploration samples 16.2 g/t Au at Jake Lee

Executive Summary

• Slam Exploration announced a second gold discovery (JL No. 2) on its Jake Lee mineral claims with grab‑sample assays up to 16.20 g/t Au located ~100 m south of the earlier JL No. 1 zone.
• The company also reported induced‑polarization (IP) geophysical anomalies over its Goodwin copper‑nickel‑cobalt claims and is seeking drilling proposals for a 4,000‑m drill program to test extensions at depth.
• Additional trenching is planned for September across the Jake Lee‑Love Lake‑Rogers Lake project area, which hosts 34 identified gold targets spanning historic occurrences and high‑grade soil/stream anomalies.

Key Details

• JL No. 2 Grab Samples (Trench JT25‑05):
• Four samples assayed; highest grade 16.20 g/t Au.
• Location Context:
• JL No. 2 lies ~100 m south of JL No. 1 (previously reported July 9, 2025 with grades 7.42–94.80 g/t Au).
• All three zones (JL 1, JL 2, historic New River occurrence) align along a 2,800‑m aeromagnetic anomaly trend.
• Planned Exploration:
• Additional trenching scheduled for September on JL 1 and JL 2 to further delineate mineralization.
• The Jake Lee‑Love Lake‑Rogers Lake project (13,000 ha) contains 34 gold targets, including:
  • Historical quartz float with 302.5 g/t Au.
  • Soil geochemical anomalies: one sample 10 g/t Au, 306 samples 0.01–1.00 g/t Au, 3,570 samples 0.002–0.010 g/t Au (total 7,316 samples).
  • Stream sediment work: 22 of 60 samples 0.20–3.58 g/t Au.
• Goodwin Claims Geophysics:
• Recent IP surveys over Granges, Farquharson, and Logan zones identified chargeability anomalies suggesting deeper extensions of Cu‑Ni‑Co mineralization.
• Company has issued RFPs to drilling contractors for a 4,000‑m drill program aimed at expanding the Granges and Farquharson zones both laterally and vertically.
• Quality Assurance:
• Samples processed by Activation Laboratories Ltd. using fire‑assay with atomic absorption (Procedure 1A2) and gravimetric finish re‑analysis where needed (Procedure 1A3).
• Cautionary Note: Grab and float samples are selective; results may not represent overall mineralization.

Notable Quotes

“These results underscore the widespread presence of gold within the 13,000‑hectare Jake Lee‑Love Lake‑Rogers Lake project area.” – Mike Taylor, President & CEO, Slam Exploration Ltd.