Slam says 80% of samples at Menneval contain gold

Executive Summary

• Slam Exploration Ltd. released assay results from 904 soil samples collected around the Maisie vein on its Menneval gold project, identifying widespread gold anomalies and defining new high-priority drilling targets for the 2026 campaign.
• The company provided updates on its Jake Lee project, where assays are pending for 11 channel samples from the No. 1 gold vein and 52 grab samples from trenches, following previous high-grade grab sample reports.
• The release highlights the strategic importance of the Menneval project, noting strong spatial associations between gold soil anomalies, known quartz veins, and aeromagnetic features, while also referencing historical high-grade intercepts from the Maisie and No. 18 veins.

Key Details

• Menneval Project Soil Sampling:
  • 904 soil samples collected to expand the existing soil grid.
  • Previous soil samples in the grid ranged from 0.005 g/t to 0.683 g/t gold.
  • Results indicate potential extensions to a swarm of quartz veins.
  • Gradient maps show a strong association between gold-bearing quartz veins and aeromagnetic features.
  • Numerous gold-bearing soil samples are associated with linear aeromagnetic features, identified as priority drilling targets.
  • The gold anomaly area measures approximately 3,000 metres by 2,500 metres.
• Historical High-Grade Intercepts (Menneval):
  • No. 18 vein: 3,955 g/t gold over 0.1 metre (reported Dec. 3, 2020).
  • Maisie vein: 162.5 g/t gold over 0.2 m (reported Dec. 13, 2021).
  • Maisie vein: 56.90 g/t gold over 0.5 m (reported Nov. 22, 2022).
• Jake Lee Project Updates:
  • Assays pending on 11 channel samples sawn from the No. 1 gold vein.
  • Previous grab samples from No. 1 gold vein (reported July 9, 2025) ranged from 7.42 g/t to 94.80 g/t gold.
  • Quartz float discovered 100 metres southwest of initial discovery grading 16.20 g/t and 3.78 g/t gold (reported Aug. 28, 2025).
  • Assays pending on 52 grab samples from trenches dug up to 7,500 metres along strike.
  • Jake Lee claims are located 25 km southeast of Galway Metals' Clarence Stream deposit (12.4M tonne indicated resource at 2.31 g/t Au; 16.1M tonne inferred resource at 2.60 g/t Au).
  • Exploration team has mobilized back to Jake Lee.
• QA/QC Procedures:
  • Samples collected by GeoXplore Surveys Inc.
  • Analyzed by Activation Laboratories Ltd. using procedure 1A2 (fire assay with atomic absorption finish).

Notable Quotes

• Jacques Turcotte, Director: "Wow! Eighty per cent of these samples contain gold as seen by the number of coloured dots. These beautiful maps show us the exceptional gold potential of Menneval. The blue dots show high gold lining up along aeromagnetic features and define exceptional drilling and trenching targets for upcoming 2026 campaign. Along with our known high-grade gold veins open at depth and along strike these are high-priority gold targets. The 2026 Menneval drilling program will be very exciting!"