Slam Exploration extends Farquharson zone at Goodwin

Executive Summary

• Slam Exploration Ltd. reported significant new mineralized intervals from its 2025 diamond drilling campaign at the Goodwin copper-nickel-cobalt project, expanding the Farquharson zone.
• Hole GF25-20 intersected a 74.9-metre zone of mineralized gabbro, while Hole GF25-21 intersected a 49.40-metre zone, confirming the depth and strike extent of the mineralization.
• The company also highlighted recent cash and share payments received from Nine Mile Metals Inc. and a private company under the Wedge and Ramsay project agreements, respectively.

Key Details

• Hole GF25-20: Intersected a 74.9-metre zone of mineralized gabbro from 85.7 to 160.6 metres. The hole was positioned 30 metres behind hole GW24-06 and drilled at a 65-degree angle to test the depth extent of the Farquharson zone.
• Hole GF25-21: Intersected a 49.40-metre zone of mineralized gabbro from 52.10 to 101.50 metres. Drilled at a 65-degree angle to test the strike extent of the Farquharson zone in a 50-metre stepout east of hole GF25-20.
• Mineralization: Both holes intersected intervals with pyrrhotite and chalcopyrite.
• Pending Assays: Assays are pending on 236 samples from the campaign, including 67 samples from Hole GF25-21.
• QA/QC: Core samples were logged in Bathurst, N.B., sawn, and delivered to Activation Laboratories Ltd. (Actlabs) for multielement analysis (method UT7). Overlimit samples (>1%) are reanalyzed using method 8-AR. Blanks and samples are included in the series.
• Historical Context (2024 Goodwin Results): Previous significant intercepts include a 64.90-metre interval grading 2.19% CuEq (including 3.84% CuEq over 31.20 metres) from hole GW24-02, and gold values up to 3.31 g/t over 0.5 m in hole GW24-01.
• Jake Lee Gold Discoveries:
  • Initial discovery (July 9, 2025): Eight grab samples ranging from 7.42 g/t to 94.80 g/t gold.
  • Second discovery (Aug. 28, 2025): Quartz float grading 16.20 g/t and 3.78 g/t gold, located 100 metres southwest of the initial discovery.
  • Location: 25 kilometres southeast of the Clarence stream gold deposit (Galway Metals Inc.).
• Wedge Project Agreement: Received 1.2 million shares plus cash from Nine Mile Metals Inc. (NINE) on Feb. 28, 2025.
• Ramsay Gold Agreement: Received $60,000 cash and 180,000 shares of a private company on March 29, 2025.
• Royalties: Company holds NSR (net smelter return) royalties and expects additional cash and share payments from the Wedge and Ramsay projects.
• Maisie Vein History: Previously reported intervals including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m. A soil geochemical anomaly stretches 3,000 metres along strike; assays are pending on 900 additional samples.

Notable Quotes

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