SLAM Exploration’s Exciting Copper Discovery: A New High-Grade Zone in New Brunswick
February 12, 2025 – Miramichi, New Brunswick – SLAM Exploration Ltd. (SLAM or the Company), a leading mining exploration firm trading on the TSXV under the symbol SXL, has recently made an exciting announcement. The company has drilled a significant core interval in the Logan Zone, which has sent waves of anticipation through the mining industry.
The Discovery: A 117.6 Meter Core Interval Grading 0.54% Copper Equivalent
SLAM’s latest discovery, hole GW24-15, yielded an impressive 117.6-meter core interval grading an average of 0.54% copper equivalent. This finding is a testament to the company’s dedication and expertise in mining exploration. The discovery was made at a depth of approximately 1,100 meters, further demonstrating the potential for substantial deposits in the area.
A New High-Grade Zone: 17.1 Meters Grading 1.1% Copper Equivalent
But the excitement doesn’t stop there. Within this 117.6-meter interval, SLAM discovered a new high-grade zone, measuring an impressive 17.1 meters and grading an average of 1.1% copper equivalent. This high-grade zone adds to the growing evidence of the significant potential for copper deposits in the Logan Zone.
Contextualizing the Discovery: Comparison with Previous Findings
To put this discovery into perspective, it’s worth noting that hole GW24-15 is located 450 meters north of hole GW24-02, which previously yielded a 64.9-meter interval grading an astounding 2.00% copper equivalent. This comparison highlights the potential for a large copper deposit in the Logan Zone.
What Does This Mean for Me?
As an individual investor, this discovery could mean potential financial gains if you choose to invest in SLAM Exploration. The company’s stock price may increase due to renewed investor interest. Additionally, this discovery could potentially lead to further exploration and development in the area, creating potential job opportunities.
What Does This Mean for the World?
On a larger scale, this discovery could have significant implications for the global mining industry. Copper is a crucial component in various industries, including electricity generation, construction, and manufacturing. A large copper deposit in New Brunswick could lead to increased global supply, potentially stabilizing copper prices and reducing dependence on foreign sources.
Conclusion
SLAM Exploration’s latest discovery in the Logan Zone is an exciting development for the mining industry. With a significant 117.6-meter core interval grading 0.54% copper equivalent and a new high-grade zone measuring 17.1 meters grading 1.1% copper equivalent, the potential for a large copper deposit in the area is evident. This discovery could lead to potential financial gains for investors, increased jobs in the area, and potentially stabilized copper prices on a global scale. Stay tuned for further developments from SLAM Exploration.
- SLAM Exploration discovers significant copper deposit in New Brunswick
- 117.6-meter core interval grading 0.54% copper equivalent
- New high-grade zone measuring 17.1 meters grading 1.1% copper equivalent
- Potential financial gains for investors
- Potential job opportunities in the area
- Potential stabilization of copper prices on a global scale
