SLAM Exploration Ltd. has announced promising results from its ongoing drilling campaign at the Goodwin Copper-Nickel-Cobalt Project in New Brunswick. The latest data reveals a core interval measuring 24.60 metres with a grade of 1.19% copper equivalent from drill hole GW26-29. This marks a substantial step in understanding the mineralization potential of the area, as these findings build upon previous results reported in June 2026.
To date, SLAM has completed 12 drill holes, totaling 2,600 metres of core, which constitutes approximately 37% of the planned drilling for 2026. The current exploration program is focused on testing VTEM plate model targets extending along known mineralized trends, including the Logan, Granges, and Farquharson zones.
Among the recent highlights, hole GW26-36, located 2,000 metres northwest of the Logan zone, has led to a new discovery of massive sulphides. This new mineralization reflects the expanding resource potential at the Goodwin Project. Other drill holes have also shown variable sulphide mineralization, enhancing the prospects for future evaluation.
In line with industry standards, SLAM has maintained rigorous quality control throughout its drilling program. A total of 992 core samples have been submitted for multi-element assays, including control samples to ensure the reliability of results. The company emphasizes that the assay outcomes will be pivotal in determining the project’s economic viability.
The Province of New Brunswick has provided a financial boost to SLAM through a $60,000 grant aimed at supporting the current diamond drilling campaign. This funding underscores the government’s recognition of the strategic mineral potential in the region.
While the ongoing drilling efforts at the Goodwin Project appear promising, stakeholders are reminded of the inherent risks associated with mineral exploration. Variability in assay results, economic factors, and geological uncertainties present challenges that will shape the project’s future.
SLAM Exploration Ltd. reported a core interval of 24.60 metres grading 1.19% copper equivalent from hole GW26-29. The company has drilled a total of 2,600 metres across 12 holes, representing about 37% of their 2026 drilling programme. However, the exploration remains speculative and final assay results are pending.
The discovery in hole GW26-36, located 2,000 metres northwest of the Logan zone, has extended the potential for copper-nickel-cobalt at the Goodwin project. However, it is important to note that such discoveries are preliminary and further assays will determine their economic viability.
A total of 992 core samples from holes GW26-26 through GW26-38 have been submitted for multi-element assay. These assays are crucial for understanding the mineralisation but results and their implications will not be known until they are received.
SLAM has outlined its plans for continued exploration in 2026, with a current programme of 7,000 metres. However, the success of these plans is subject to various factors including funding, regulatory approvals, and market conditions.
The drilling programme consists of 12 holes aimed at testing VTEM plate models along the Logan, Granges, and Farquharson trends. While this has led to some discoveries, drilling results can vary, and the continuity of mineralisation is uncertain.
SLAM Exploration Ltd. has been awarded a grant of $60,000 by the Province of New Brunswick to support its 2026 diamond drilling campaign. While such funding can assist in exploration efforts, reliance on external funding can reflect financial constraints.
The company has established standard protocols for quality control, including the use of certified reference standards and blanks in its sampling processes. However, quality control measures cannot completely eliminate the risks associated with assay inaccuracies.
SLAM faces various risks including the speculative nature of mineral exploration, potential discrepancies in assay results, delays in exploration programmes, and fluctuations in commodity prices. Investors should be aware that mining ventures can be unpredictable and often require significant capital.