SLAM Announces Gold Assays From Menneval

The news release dated January 7, 2026, reports assay results from 904 soil samples at the Menneval Gold Project in New Brunswick. The company claims that 80% of the samples contain gold, with "blue dots" (high gold values) aligning with aeromagnetic features. These results have been used to define trenching and drilling targets for a 2026 campaign. The release also provides a brief update on the Jake Lee project, noting that 11 channel samples and 52 grab samples from the "No. 1 gold vein" are still pending assay, despite the exploration team recently re-mobilizing to the site.

The impact of this news is minor and fits a routine exploration pattern. While the soil sampling grid expansion at Menneval (totaling 2,511 samples) helps define targets, soil anomalies are not a substitute for drill intercepts. The company continues to reference historical high-grade core intervals from 2021 (162.5 g/t Au) and 2022 (56.90 g/t Au) to maintain investor interest, which suggests a lack of recent high-grade drilling success at this specific project.

Crucially, the market is likely more focused on the pending assays from the Jake Lee project, where previous grab samples reached 94.80 g/t Au. The continued "pending" status of these samples (first mentioned as pending in mid-December 2025) suggests a bottleneck in news flow or laboratory delays. Until Menneval sees actual drill testing of these new soil anomalies, the data remains speculative.

SLAM Exploration is a project generator focused on gold and critical elements in New Brunswick, Canada. Its flagship focus has shifted between the Goodwin Copper-Nickel-Cobalt project (following significant 2024 drilling results) and the Menneval Gold Project. - Goodwin: 11,450 hectares. Recent highlight: 74.8m of 0.96% CuEq. - Menneval: 100% owned, host to the Maisie and No. 18 high-grade gold veins. - Jake Lee: Strategically located near the Clarence Stream gold deposit.