VANCOUVER (miningweekly.com) – Canada-based maritime base metals explorer Slam Exploration has acquired the North Rim zinc project, located next to Trevali Mining's Caribou mine, the junior said on Wednesday.
The acquisition brings the TSX-V-listed company’s number of projects in the prolific Bathurst Mining Camp (BMC), of New Brunswick, to nine, covering some 22 600 ha of prospective land.
Slam based its property acquisitions on a database that covers the entire BMC district. The database includes airborne and ground geotechnical surveys, as well as previous drilling results compiled from previous exploration workers and government sources.
The North Rim zinc project comprises two mineral claims covering 2 345 ha, underlain by volcano-sedimentary strata similar to the Caribou horizon. Roughly 16 diamond drill holes by previous workers were drilled in the vicinity of three mineral occurrences documented in the New Brunswick Mineral Occurrence Database.
The most significant drilling intercept to date is 0.5 m grading 7.51% zinc, 2.03% lead, 0.16% copper and 40 g/t copper drilled in a 1997 hole that straddles the southern boundary of the property.
The company intends to focus on the zinc potential of its portfolio of mineral claims in the BMC. Slam advised that it would continue with preliminary exploration activities to locate historic occurrences and identify drilling targets on the Lower 44, Connector, Coulee, Satellite, LBM, North Rim and other properties within the BMC.
Slam noted that its entire portfolio of zinc/lead/silver properties are available for joint venture or earn-in agreements in the prospective mining camp.