Developing High Grade Zinc in New Brunswick
Targeting 15 Million Tonnes and an Open Pit Mine at the Expanding Nash Creek Zinc Deposit
Hub Controls
  • Demo Video
  • Upload Photo
  • Edit Company Profile
  • Add a Link
  • Update Fast Facts
  • Add Management Bios
  • Private Messages
  • Edit My Profile
  • View/Edit My Portfolio

Email Updates

Search
AGORACOM News Flash

AGORACOM Survey On McCain's Choice For Vice-President:

What Do You Think Of John McCain's Choice for Vice-President?  Bold? Crazay?  Let Us Know Via Our Quick And Anonymous Survey.

Have A Safe And Happy Labor Day Holiday Weekend!

Regards,
George, Paul et al. 

Close
Slam Exploration > Message
Generic_profile

Re-read profile-new and old.....

Posted by: ivan6000 on January 13, 2008 07:03AM

Good intro and refresher, then proceed with DD.......

another big point is the funding of this company has all been at .25!!

SLAM has discovered massive zinc sulphides at its wholly owned Nash Creek Property located in Lorne, 25 km west of the Belledune smelter and seaport in northern New Brunswick. In July 2007 a 43-101 compliant report confirmed the Nash Creek deposit has a zinc-bearing resource of 3.24M tonnes with an additional inferred resource of 2.69M tonnes on the western margin of a 40 square km conductive sheet. The 43-101 compliant estimate also has identified a high-grade zone (HG) within the core of the deposit which has an indicated resource of 1.57M tonnes grading 6.53% zinc, 1.08% lead and 37.4 g/tonne silver plus an inferred resource of 0.69M tonnes grading 6.40% zinc, 0.97% lead and 28.1 g/tonne silver.The 43-101 compliant resource estimate was specifically designed to define the tonnage of the high grade core within the deposit. In the resource estimate, rigorous criteria identified the possibility of mining the high grade zone. The deposit was sectioned into blocks of gradeable resource with typical separations of 50 metres or less to define any such possibility. One hundred and eighty-eight blocks were tabulated based on down hole length of 3.0 metres unless in contact with another block. Thus, at the edges of the deposit, zinc grade was excluded from the calculation if it was less than 3 metre in thickness.

The existence of a high grade resource above the 6.0% zinc threshold is very significant as it could potentially be mined either through open pit or shallow ramp. A 2M tonne resource could support a potential custom milling operation of 1000 tonnes/day for 5 years. A feasibility study would be required to confirm the economic viability of this operation. The multi-disciplined approach of exploration on the Nash Creek property shows there is significant potential to expand the deposit. Furthermore, with the identification of the high grade (HG) core of the deposit, management believes there is an opportunity to generate cash flow from the indicated 1.57 million tonne and .68 million tonne inferred HG resource while continuing exploration of the 40 sq km conductive sheet using gravity and soil results to focus on targets. Coincident soil-gravity-EM targets which occur in proximity to known mineralization remain untested by drilling. The indicated resource (July ‘07 43-101) is estimated at 3.24M tonnes with an additional inferred resource of 2.68M tonnes. This resource, sitting at the western edge of a large mineralized system, has the potential to expand to a 20 million plus tonne deposit of zinc, lead and silver.
Last changed at 07-Jan-2008 09:25AM by AGORACOM

Did You Know?

Administrative authority within AGORACOM is based on a ranking system which includes (1)mail room, (2)treasurer, (3)vice president & (4)president

Log in to Recommend Up_g

0 members recommend this.

Post a Reply

Please login to reply to this message.

Subscribe to Rss Feed
Executive Address
Sxl-taylor-bc
Mike Taylor
President & CEO
January 18, 2008

Mike Taylor discusses 2007 accomplishments and presents his outlook for SLAM in 2008.

View Broadcast

Stock Quote
Open SXL:CA Stock Quote