SLAM is finding bonanza gold at surface through cost effective and time-tested prospecting and trenching techniques. The initial discovery was the Maisie zone, where approximately 15 sites of visible gold were discovered along the 700 m strike length of the zone during the 2012 trenching program. Some of these sites represent bonanza grade shoots within the Maisie vein system. The 2 cm sample shown to the left is from a shoot located 50 m southwest of the discovery site. Five diamond drill holes have followed this bonanza shoot to a depth of 30m with grades up to 131 g/t gold over 0.31 m. The vein system and these bonanza shoots are open at depth.
The next stage of work will will focus on defining the extent and average grade of the bonanza shoots as well as the overall grade of the entire vein system at surface. The Company plans to extract bulk samples for mill testing. With gold clearly present at surface, a relatively small mining operation could generate significant potential cash flow for SLAM. This type of "motherlode" vein system often runs very deep and has potential for a long term mining operation as this emerging gold play evolves.
SLAM's 100% owned Maisie gold zone is associated with a 10 km X 3 km soil anomaly depicted as red, yellow and green contours on the map to the right. The northerly trending anomaly extends from the Zone 9 and the Maisie zone to the northern edge of the Menneval property. Its termination is spatially associated with the Grand Pabos fault, a major Appalachian structure.
The Maisie zone and Zone 9 are both bedrock-hosted vein-type gold occurrences and are depicted as yellow stars on this contour map. A third star near the east edge of the soil anomaly represents a cluster of gold-bearing gold boulders that suggest a potential extension 2.5 km along strike from the Maisie zone. A gold-bearing boulder shown as a yellow star 5.7 km northwest of the Maisie zone near the west edge of the soil anomaly probably derives from a separate vein system. The 3 yellow diamonds near the west edge of the map represent base metal-silver skarn deposits also within SLAM's extensive Menneval claim holdings.
Since launching its initial diamond drilling program in December 2012 SLAM has put down 64 diamond drill holes for a total of 2178 m in 2 separate campaigns. The systematic drilling program traced the Maisie gold bearing vein system to a depth of 30 m. The trenching program had already established a strike length of at least 700 m. Drill setup locations were controlled with a grid at 40m line spacings as shown on the Drill Hole Location Map below. The set-up locations are shown with each hole location indicated by text. The target quartz vein trace is shown as a blue line. Selected high grade to bonanza grade gold-bearing sites discovered in the trenching program are shown as green diamonds. The typical drilling pattern has 3 holes drilled from each setup at angles of 45, 60 and 70 degrees respectively.
Gold-bearing quartz veins occur in 57 of the 64 holes over core intervals ranging from 0.1m up to 9.7 m. Visible gold was noted in 8 holes MG1201, MG1211, MG1221, MG1224, MG1225, MG1226, MG1352 and MG1363. Grades range up to 121.00 g/t gold over 0.31 m and 22.97 g/t gold over 1.9m.
The diamond drilling program followed up the highly successful trenching program that sourced the Maisie discovery boulders to bedrock and exposed a gold bearing quartz vein over 700 m strike length.
The trenching program indicated numerous sites of visible gold shown as green diamonds on the map below. These visible gold sites are supported by assays ranging up to 1980 g/t gold. The selected gold values represent measured channel and chip samples as well as grab samples reported by news releases October 24 and November 14, 2012. Highlights include an area of spectacular gold with chip samples ranging up to 1100 g/t gold over 1.1 m and channel samples up to 211 g/t gold over 0.5 m near the center of the vein system on grid line L4480E. SLAM established a grid with lines spaced 40 m apart and picket sites at 20 m intervals to provide detail control over trenching and drilling.
Other targets include Zone 9 where a series of trenches have unearthed a swarm of crosscutting quartz veins located 700 m south of the Maisie Zone shown on the map to the right. These veins are mineralized with minor limonite, goethite, hematite and pyrite similar to accessory minerals in the Maisie vein and range up to 1.2 m in thickness. Trench Men12-11 uncovered quartz boulders with visible gold 2500 m east of the Maisie zone. These boulders are similar to the Maisie vein and the Company plans additional work to find their source.
Company geologists also found a quartz boulder grading 1.54 g/t gold that appears to represent a separate vein structure located 5700 m to the north.
The 3 green stars near the left side of the map represent skarn deposits drilled by previous workers in exploration programs dating back to 1965. The 3 zones have been tested by approximately 27 diamond drill holes for a total of 4850 m. The most significant intercept was 0.57% copper over 17.5 m drilled in 1973. Reported higher grade intercepts include 2.20% copper + 1.88 opt silver over 0.76 m and 8.86% copper + 4.15 opt silver over 0.6 m.
The photo below is a hand specimen of gold-bearing quartz from the Maisie discovery boulders with a close-up to the right showing visible gold. The photos are by Gary Tozer of Miramichi, NB.
|- Nash Creek|
|- Miminiska-Keezhik Gold|
|- Opikeigen Lake Gold|
|- Reserve Creek Gold|
Nov 22, 2013 (PDF)
Funding to advance New Brunswick gold project.
Nov 20, 2013 (PDF)
Channel samples range up to 49.50 g/t gold Over 0.45m.
Oct 31, 2013 (PDF)
View bonanza samples, maps and photos from the Maisie Zone at SLAM's trade show exhibit.
Oct 22, 2013 (PDF)
Program To Define Potential Near-Surface Gold Resource
Sep 17, 2013 (PDF)
Cost Effective Program To Define Potential Near-Surface Gold Resource