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Highlights
- SLAM Exploration launched the 2025 exploration program at the Goodwin Project with an IP survey targeting three mineralized zones.
- Drill hole GW24-02 in the Granges zone intersected 64.90m at 1.49% CuEq.
- IP survey results revealed a deep conductor between the Granges and Logan zones, with chargeability reaching 990 mV/V.
- A 2,000 x 2,000m survey grid has been planned to refine future drill targets.
- Survey work continues with results pending from a second line.
- At the Jake Lee Project, new grab samples returned gold values between 7.42 g/t and 94.80 g/t.
- In July 2025, James Henning was appointed CFO, bringing decades of financial and advisory experience across the mining and energy sectors.
SLAM Exploration Ltd. (TSXV:SXL) is a Canada-based mineral exploration company focused on uncovering high-value resources in New Brunswick. The company holds a 40,000-hectare portfolio of highly prospective mineral claims.
With a focus on precious and critical metals including gold, copper, nickel, and zinc, the company is actively advancing its multi-commodity projects, notably the Goodwin Project and the Jake Lee Gold Project, both of which have recently delivered encouraging exploration results.
Promising IP Survey Results at Goodwin Project
The 2025 exploration program is now underway at the Goodwin project, starting with an Induced Polarization (IP) survey that aims to refine drill targets within and around three mineralized zones, Granges, Farquharson, and Logan, where 15 diamond holes were completed in 2024. A major highlight from the 2024 drilling campaign was hole GW24-02 in the Granges zone, which intersected a robust 64.90-meter core interval grading 1.49% copper equivalent (CuEq) from 23.60 meters to 88.50 meters.
On uly 18, SLAM released encouraging results from this survey covering the wholly owned Goodwin claims, located in Bathurst Mining Camp. The survey revealed a highly chargeable deep conductor between the Logan and Granges zones. The IP survey results showed chargeability readings reaching as high as 990 millivolts per volt (Mv/v), particularly around the Granges zone.
To build upon these findings, the company has designed a detailed grid with 100m spaced survey lines, covering 2,000 x 2,000m area. This grid encompasses the Granges, Farquharson, and Logan zones along with possible extensions.
Meanwhile, data from a second IP line L400E is pending, and work is underway on a third survey line, L5300E, which runs directly over drill hole GW24-03 in the Farquharson zone.
Jake Lee Gold Project Delivers High-Grade Samples
SLAM is also progressing its Jake Lee Gold Project in southern New Brunswick. As highlighted in a July 9 2025 update, eight grab samples collected from a trench vein (JT25-01) returned gold values between 7.42 g/t and 94.80 g/t. These followed up earlier assays announced in May 2025, where four samples ranged between 18.50 g/t and 75.90 g/t. Additional assay results from this area are pending, supporting the project's growing potential.
Strengthening the Leadership Team
In July 2025, SLAM announced the appointment of James (Jim) Henning as CFO. He is a seasoned Chartered Accountant and president and founder of Corpfinance Advisors Inc. He brings decades of experience in business valuation, corporate restructuring, and financial advisory services across sectors including mining, oil and gas, and renewable energy.
Currently, he serves as CFO for multiple TSXV and CSE listed companies.
SLAM Exploration continues to make significant progress across its Goodwin and Jake Lee projects. The ongoing IP survey and high-grade gold assays highlights the growing potential of these assets.
SXL shares traded at CAD 0.095 per share on 28 July 2025.
