Slam Uncovers Mineralized Quartz Vein at Jake Lee
Slam Maintains Exploration Momentum with New Gold Vein Sampling While Awaiting Critical Metal Assays
The news release on December 18, 2025, reports the completion of a channel sampling program at the No. 1 vein of the Jake Lee gold project in New Brunswick. Key highlights include: - Completion of 11 channel samples and 52 grab samples from a mineralized quartz vein; results are currently pending. - Discovery of additional quartz veins and chalcopyrite-bornite mineralization elsewhere on the claim. - Receipt of a $45,000 grant from the New Brunswick Junior Mining Assistance Program, providing non-dilutive funding for exploration.
The December 18 news is categorized as Routine - Positive. While it shows active advancement of the gold portfolio, it lacks definitive assay data to confirm economic grades. - The material driver for the company remains the December 11, 2025, announcement where the company reported a significant 74.80-meter intercept grading 0.96% Copper Equivalent (Cu Eq) at the Goodwin project. - This latest update serves to maintain market interest and demonstrate a diversified exploration strategy (Gold at Jake Lee vs. Cu-Ni-Co at Goodwin) but does not fundamentally re-rate the company in the absence of grades. - The $45,000 grant is a small but welcome offset to the high costs of exploration for a micro-cap company.
SLAM Exploration is a project generator primarily focused on New Brunswick, Canada. - Flagship Project: The Goodwin Copper-Nickel-Cobalt Project in the Bathurst Mining Camp. Recent drilling (GW25-19) showed a 74.8m interval of 0.96% Cu Eq, suggesting a large mineralized system. - Secondary Project: Jake Lee/Love Lake Gold Projects, which have yielded high-grade grab samples (up to 94.8 g/t Au) and are located near the Clarence Stream gold deposit.