CORRECTION FROM SOURCE: SLAM Reports 1.60% Copper Equivalent Over 14.45 Meters in Hole GW26-33; Trenching Gold-Antimony Targets on Moose Lake Project
SLAM reports Goodwin assays below anchor grades, with GW26-36 massive sulphide results pending as the key catalyst.
SLAM Exploration Ltd. (SXL) reported assay results from Goodwin hole GW26-33, which returned a 14.45 m core interval grading 1.60% CuEq. This interval includes 1.9 m @ 3.48% CuEq from 33.15-35.05 m and 4.9 m @ 2.61% CuEq from 42.7-47.6 m. The company described these intervals as being below the Granges zone.
The release also noted that hole GW26-36 intersected a broad mineralized gabbro-hosted zone from 124.4-191.8 m with multiple massive sulphide intervals. This zone is located 2,000 m northwest of the Logan zone, and assays remain pending.
At the Moose Lake gold-antimony project, trenching is underway with 8 trenches over 250 m at Skull and 500 m traced at Moose Lake. Visible stibnite and arsenopyrite were noted, and 14 samples have been submitted with assays pending.
Drilling has resumed at Goodwin following maintenance. In 2026, 2,754 m was drilled at Goodwin and 554 m at Jake Lee, with 1,014 Goodwin samples collected. The release serves as a correction to a previous source, as the original contained incorrect silver values in a table.
SLAM Exploration Ltd. (SXL) is a pre-resource explorer with a market capitalization near C$10.9 million and no mineral reserve or resource. The company’s recent GW26-33 result is incremental, confirming semi-massive sulphide below Granges but falling below the company’s own best Goodwin holes on a grade-x-width basis.
The stock is trading near its 52-week low at C$0.06-0.07. The market has not re-rated on recent Goodwin drilling, meaning expectations are low rather than elevated. Pending GW26-36 massive-sulphide assays represent the real potential catalyst, but they are not included in this release.
SLAM Exploration Ltd. (SXL) is a New Brunswick-based project generator managing a broad exploration portfolio anchored by the Goodwin Cu-Ni-Co project. The company’s other assets include the Jake Lee gold, Menneval gold, Moose Lake antimony-gold, Harry Brook, and Mine Road properties. SLAM currently holds no mineral resources or reserves.
Financial statements indicate a fiscal year 2026 net loss of C$406,397, with cash reserves of C$310,791 as of January 31, 2026, accompanied by a going-concern warning. To address near-term liquidity, the company closed a C$2.07 million private placement in March 2026. An investor presentation notes that insider ownership stands at approximately 58%.