Slam Exploration drills 48 metres of 0.97% CuEq at Goodwin Project, New Brunswick
Slam Exploration Ltd. [TSXV: SXL] has released assay results from the first three of 10 holes drilled in the 2025 diamond drilling campaign on its wholly owned Goodwin claims, located 35 km southwest of the Caribou mine in the mineral-rich Bathurst mining camp of New Brunswick.
Highlights include 2.40% copper equivalent over 4.50 metres in hole GW24-16 on the Granges zone and 0.97% copper equivalent over 48.00 metres in hole GW-17 on the Farquharson zone. The copper equivalent values assume mill recoveries of 90%.
Copper equivalent (CuEq per cent) values are recovered grades with assumed recoveries of 90% and calculated using copper, nickel, cobalt, silver and gold prices published November 29, 2025, on the website Daily Metal Price. The lengths are drilled core intervals. True widths have not been determined.
The company completed 10 holes of NQ size core drilling for a total of 2,603 metres in the 2025 Goodwin drilling campaign. This included one hole on the Granges zone and nine holes on the Farquharson zone. The strike length of the Farquharson zone was extended to 360 metres.
The company has requested quotes from geophysics contractors for airborne and down-hole electromagnetic surveys, to be conducted in preparation for the 2026 drilling campaign at Goodwin.
Slam Exploration has a 40,000-hectare portfolio of mineral claim holdings in New Brunswick. Diamond drilling is in progress on the Goodwin copper-nickel-cobalt project in the Bathurst mining camp (BMC), New Brunswick.
The drilling program follows significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the company in 2024 on the Goodwin project. These include a 64.90-metre core interval, grading 2.19% CuEq (copper-nickel-cobalt), including 3.84% CuEq over a 31.20-metre core interval from hole GW24-02. Significant gold values were also reported with up to 3.31 g/t over 0.5 metres in hole GW24-01.
The company launched its 2025 exploration program with two new gold discoveries on its wholly owned Jake Lee claims. Slam reported eight grab samples with assays ranging from 7.42 g/t to 94.80 g/t gold in the initial discovery on July 9, 2025. A second discovery comprised quartz float grading 16.20 and 3.78 g/t gold, respectively, 100 metres southwest of the initial discovery as reported August 28, 2025. The Jake Lee claims are located 25 km southeast of the Clarence Stream gold deposit where Galway Metals Inc. is working on an indicated resource estimated at 922,000 ozs at 2.31 g/t gold plus an inferred resource of 1,334,000 oz at 2.60 g/t gold. Slam’s exploration team recently mobilized back to Jake Lee.
Slam reported gold-bearing core intervals including 162.5 g/t gold over 0.2 metres and 56.90 g/t gold over 0.5 metres from the Maisie vein. The company had previously reported a core interval grading 3,955 g/t (127 oz) gold Au over 0.1 metre from the No. 18 vein. These veins are associated with a soil geochemical anomaly that stretches for 3,000 metres along strike. Assays are pending on 900 additional samples to expand the soil coverage and further define the target on this extensive vein system.
The company is a project generator and expects to receive significant cash and share payments in 2025. Slam received 1.2 million shares plus cash from Nine Mile Metals Inc. (NINE) on February 28, 2025, under the Wedge project agreement. On March 29, 2025, the company received a cash payment of $60,000 as well as 180,000 shares of a private company under the Ramsay gold agreement. The company holds NSR (net smelter return) royalties and expects to receive additional cash and share payments on the Wedge copper-zinc project and on the Ramsay gold project.