Slam Drills 74.80 meter Copper, Nickel Cobalt Core Interval at Goodwin
SLAM's Wide Copper Intercept Confirms Scale at Goodwin, But Grade Remains Key Hurdle
SLAM Exploration announced assay results for drill hole GW25-19 from its flagship Goodwin Copper-Nickel-Cobalt Project in New Brunswick. The key highlight is a 74.80-meter core interval grading 0.96% copper equivalent (Cu Eq). This result extends the strike length of the Farquharson Zone to 360 meters, and the zone remains open in both directions along strike and at depth.
The company noted that historical airborne geophysics suggests the potential for the mineralized zone to extend over a 7,000-meter strike length. SLAM has initiated the next phase of exploration by requesting quotes for airborne and down-hole electromagnetic (EM) surveys to define targets for a 2026 drilling campaign.
The release also provided a general update on its 2025 exploration program, noting two new gold discoveries at its Jake Lee claims and upcoming cash and share payments from its project generator agreements.
This news is material and positive as it provides the long-awaited assay results for a visually promising drill hole, confirming a wide zone of mineralization at the Farquharson Zone.
Reviewing the historical news provides crucial context: - Benchmark Setting (2024 drilling): Initial excitement for Goodwin was driven by 2024 drill results, notably 64.90 meters of 2.14% Cu Eq at the Granges zone and 60.60 meters of 1.17% Cu Eq at the Farquharson zone. These results established the potential for significant mineralized widths. - Expectation Setting (Oct 15, 2025): The company announced intersecting a 74-meter visual mineralized zone in hole GW25-19. This news, though lacking assays, caused the stock to spike from $0.10 to a high of $0.14, setting high expectations for the eventual assay results. - Underwhelming Delivery (Dec 3, 2025): The first batch of assays from the 2025 program (holes GW25-16, 17, 18) were released. The lack of highlighted, high-grade intercepts was perceived negatively by the market, and the stock price fell from $0.09 to $0.08. - Confidence Restored (Current News - Dec 11, 2025): Today's result of 74.80 meters at 0.96% Cu Eq from GW25-19 largely meets the expectations set by the visuals in October. While the grade is not as high as the best intercept from the nearby Granges zone (2.14% Cu Eq), it is comparable to previous Farquharson results and, crucially, demonstrates consistency over a very wide interval.
The primary impact is the confirmation of scale. This result de-risks a portion of the Farquharson zone and supports the thesis that Goodwin could host a large, bulk-tonnage system. By extending the known strike length to 360 meters with the zone remaining open, it provides a solid foundation for the planned 2026 exploration program. While not a "game-changer" in terms of grade, it is a critical and successful step in advancing the project and helps restore investor confidence after the weaker results reported on December 3rd.
SLAM Exploration Ltd. is a Canadian-based junior mineral exploration company operating as a project generator, primarily focused on properties in New Brunswick.
The company's flagship asset is the 100%-owned Goodwin Copper-Nickel-Cobalt Project, located in the prolific Bathurst Mining Camp. The project hosts multiple zones of mineralization (Granges, Farquharson, Logan) within gabbroic intrusions. The company is targeting a large, bulk-tonnage deposit of critical minerals essential for electrification and battery technologies. SLAM also holds several gold projects, including the Jake Lee project, which has returned high-grade surface grab samples.