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TSN

Zinc-Lead-Silver-Copper-Cobalt-Gold

SLAM completed 3 holes on its 2009 program before drilling was postponed due to excessive snow conditions. Hole TS0901 intersected broad zones of sulphide stringer mineralization comprised of up to 10% pyrite-pyrrhotite with visible base metal sulphides. The 43.3 metre interval starting at 132.2 metres contains 406.5 ppm copper, 322.8 ppm lead, 556.6 ppm zinc, 120.5 ppm cobalt, 1.8 ppm silver and 56.4 ppb gold. Individual samples range up to 1% zinc, 0.29% lead, 0.19% copper, 539 ppm cobalt, 10.5 ppm silver and 1370 ppb gold over widths varying from 0.3 to 1.5 metres. This hole was designed to test a VTEM conductor and coincident aeromagnetic anomaly. These correlate with ground gravity and soil geochemical anomalies associated with the TSN1 volcanogenic massive sulphide discovery and gossan zone exposed by trenching in the 2008  program. On the aeromagnetic map to the right, conductors are shown as small black squares that occur as solitary, one-line conductors or as linear trends up to 4 km long. Magnetics  are shown as color contours with positive features ranging from yellow to red to pink.

Hole TS0902 and 03 were drilled on separate VTEM conductors approximately 5 km west of TSN1. Similar stratigraphy was intersected with greywacke, argillite, quartzite, crystal tuff and chert. Up to 5% pyrite-pyrrhotite stringers and minor graphite occur in some sections. Anomalous base metals occur in hole TS0903 with a 20.0 metre interval averaging 0.14% zinc and individual samples ranging up to 0.59% zinc over 1.5 metres. This occurrence is designated TSN-3 and represented by a blue star on the aeromagnetic map.

The TSN-2 occurrence hasn not been tested by drilling. It is associated with a weak magnetic resonse. It remains a priority target as do a number of conductive and magnetic trends along strike or adjacent to the known occurrences.

The drilling program is based on results from SLAM’s 2008 program that began with the discovery of angular boulders of massive and stringer sulphides in 2 separate occurrences known as TSN-1 and TSN-2.  Upon discovery, SLAM launched an agressive staking campaign and acquired 607 claims covering 9712 hectares of highly prospective Bathurst Mining Camp (BMC) stratigraphy.  Since then, SLAM has completed trenching as well as gravity and airborne VTEM surveys.  The rock sequence at the TSN property appears similar and along strike to that hosting the 150 million tonne Brunswick No. 12 mine located 50 kilometres to the north.

SLAM believes the TSN massive sulphide discovery has the potential for very large tonnage as the Bathurst Mining Camp is host to 35 or more deposits ranging in size from 200,000 tonnes to 170 million tonnes. TSN has the potential for additional discoveries as this area of the Bathurst camp has seen miminal exploration in the past.
 

Bathurst Mining  Camp Geology & Aeromagnetics

Trenching at TSN-1 produced significant results with sulphide mineralization in 4 of 5 trenches representing a strike length of 400 metres. From a total of 50 grab samples, 6 samples of near-solid and stringer sulphide mineralization range from 1.58% to 7.95% zinc, 1.40% to 4.71% lead and 26.16 to 118.57 g/t silver. Thirty-eight of the 50 samples contain quartz-pyrite-chalcopyrite mineralization ranging from 0.10% to 1.0% combined base metals and 6 samples contain quartz-pyrite mineralization with base metals in trace amounts ranging 0 to 0.1%.

Seven grab samples were also collected from three trenches dug near TSN-2 located two kilometres west of TSN-1. Three of these samples contained significant mineralization ranging from 1.0% to 3.45% zinc, 1.12% to 2.25% lead, 0.12% to 0.40% copper and 29.97 to 42.32 g/t silver .

TSN Geology

The TSN discovery is spatially associated with a narrow unit of felsic tuff ascribed to the Clearwater Stream Formation (CWfv) within interbedded grey to black slate and quartz-wacke of the Knights Brook Formation.

The association of sulphides with the Clearwater and Knights Brook formations is analogous to the stratigraphy at Brunswick No. 12 where the Nepisiguit Formation overlies the Knights and Patrick Brook sediments. In the southern portion of the Bathurst Mining Camp, the Clearwater Stream Formation is the stratigraphic equivalent to the Nepisiguit Falls Formation that is host to the No. 12 ore body.

To the northwest of TSN, the Knights Brook formation is underlain by sediments of the Chain of Rocks (CRs)formation comprising greenish grey quartz-wacke interbedded with pale grey to greenish slate.

To the southeast of TSN, the Knights Brook formation is overlain by Clearwater Stream felsic tuffs and Slacks Lake mafic lavas (SKmv). Four historical VMS sulphide occurrences occur near the contact of these volcanic formations near the Little Sevogle River and within the TSN property. These 4 occurrences are referred to as LSR1 to LSR4 respectively and are comprised of pyrite mineralization with local concentrations of sphalerite, galena and chalcopyrite mineralization.