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MEI Online: Plant Operation News: North America: June 14th 2016


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:: SLAM Places Order with Mt. Baker Mining and Metal


SLAM has placed an order with Mt. Baker Mining and Metals LLC for a turnkey plant to process gold from the Maisie gold deposit on SLAMís wholly owned Menneval project in New Brunswick. The Company intends to use this plant to process gold from the Maisie gold deposit under a License of Occupation that authorizes SLAM to extract and process samples over a two year period.

A similar plant was used to process mineral samples from the Maisie gold deposit in a test reported by SLAM on MArch 7, 2016. The test produced 100 grams of gold-bearing concentrate and also showed that very high levels of gold were contained in two samples of tailings with 32.5 and 34.2 g/t gold respectively.

The New Brunswick Department of Energy and Mines has granted a License of Occupation authorizing SLAM to complete test mining and bulk sampling of the Maisie gold vein over a 2 year period. The Department of Environment has approved the removal and processing of the bulk sample. In the initial phase of the program, the Company plans to extract 2,000 tonnes from the high grade gold vein.

The Company proposes to extract the sample from known shoots of high grade gold mineralization at surface using an excavator. These high grade shoots are represented by channel samples ranging from 5.17 g/t gold over 1.0m up to 49.5 g/t gold over 0.45m cut during a 2013 trenching program by SLAM.

The Menneval Gold project was the site of a new gold discovery made by SLAMís advance scout team in 2012. The initial discovery of the Maisie deposit yielded a bonanza grade chip sample grading 1100 g/t gold over 1.1 m from a trench in 2012. Since then we have drilled 64 holes with grades up to 121 g/t gold over 0.31 m. The deepest intercept to date is a core interval grading 44.53 g/t gold over 0.85m a depth of 30 min hole MG13-63. The deposit is open at depth.




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