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SLAM Exploration Reports 1.60% CuEq Interval at Goodwin as Moose Lake Trenching Continues

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SLAM Exploration Ltd. (TSXV:SXL)(OTCQB:SXLXF) has reported a 14.45-meter core interval grading 1.60% copper equivalent from hole GW26-33 at its Goodwin Copper-Nickel-Cobalt Project in New Brunswick. The company also disclosed ongoing trenching at its Moose Lake Gold-Antimony Project and said assay results from other drilling and trench samples remain pending.

#Goodwin hole returns multiple mineralized intervals

The reported GW26-33 interval came from a semi-massive zone below the Granges zone. It included 3.48% CuEq over 1.9 meters between 33.15 and 35.05 core-meters from surface, followed by a separate 2.61% CuEq section over 4.9 core meters between 42.7 and 47.6 core-meters.

SLAM said the CuEq figures are recovered grades calculated using a 95% recovery rate and metal prices published September 14, 2026, on Daily Metal Price. The company also corrected incorrect silver parts-per-million values that had appeared in the release’s table; the corrected silver values were not provided in the supplied information.

#Assays pending from GW26-36 discovery

Assay results were still awaited for hole GW26-36. SLAM said the hole intersected a broad mineralized zone from 124.4 to 191.8m in coarse-grained gabbro, with several reported massive sulphide and semi-massive intervals.

The discovery is located 2,000 meters northwest of the Logan zone. The source does not establish the significance of the GW26-36 intersection before assay results are received.

#Trenching advances at Moose Lake

SLAM has started trenching at the Skull gold-antimony occurrence within the Moose Lake Gold-Antimony Project. The company said 8 trenches exposed the Skull zone across a strike length of 250 meters.

Field work then moved southeast to the Moose Lake occurrence, where the gold-antimony zone has been traced over a strike length of 500 meters. Preliminary field observations describe both zones as epithermal quartz breccia deposits containing visible stibnite and arsenopyrite mineralization.

Assays were pending for the first batch of 14 samples collected from Skull. Trenching at Moose Lake was continuing, and the zone remains open in all directions.

#Drilling resumes after maintenance break

The company said drilling on the Goodwin Project resumed after a scheduled two-week maintenance break affecting the contractor’s drill rig and related equipment. SLAM was testing an anomaly 200-meters north of GW26-33.

During the 2026 programme, the company had drilled 2,754 meters on Goodwin and a further 554 meters on its wholly owned Jake Lee Gold Project. Hole GW26-35 was abandoned at 44-core-meters below ground surface because of poor ground conditions.

SLAM said 992 core samples had been collected from 12 completed holes and submitted to ALS Chemex laboratory in Moncton for multi-element analysis. The company stated that assay results would be reported in subsequent news releases as they are received.

#Project context and grant support

The Goodwin project covers 14,000 hectares (35,000 acres) in New Brunswick’s Bathurst Mining Camp. The company’s 2026 drilling programme is targeting anomalies identified through a VTEM airborne survey.

New Brunswick awarded SLAM a grant of $60,000 to support the 2026 Goodwin diamond drilling campaign. The company also cited a historical result from hole GW24-02 of a 64.90 meter core interval grading 2.19% Cu-Eq, including 3.84% Cu-Eq over a 31.20 meter core interval.

#Exploration risks and outstanding results

SLAM stated that mineral exploration is speculative and that pending assay results may not confirm historical data or current geological interpretations. The company also identified uncertainty around the continuity, grade and extent of mineralization, along with potential delays involving exploration programmes, contractors, equipment, permitting and other operating conditions.

#Key Takeaways

  • Hole GW26-33 returned 1.60% CuEq over 14.45 meters, including intervals grading 3.48% CuEq over 1.9 meters and 2.61% CuEq over 4.9 meters.
  • Assay results remain pending for the massive sulphide discovery in GW26-36, located 2,000 meters northwest of the Logan zone.
  • Trenching has exposed the Skull zone over 250 meters and traced the Moose Lake zone over 500 meters.
  • SLAM resumed Goodwin drilling after a scheduled two-week maintenance break, while GW26-35 was abandoned because of poor ground conditions.
  • New Brunswick awarded SLAM a grant of $60,000 for the 2026 Goodwin drilling campaign.

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Frequently Asked Questions

SLAM Exploration Ltd. (TSXV:SXL)(OTCQB:SXLXF) reported a 14.45 meter core interval grading 1.60% copper equivalent from a semi-massive zone in hole GW26-33. The interval included 3.48% CuEq over 1.9 meters and 2.61% CuEq over 4.9 meters. The source states that these intercepts are below the Granges zone.
The source states that the original release contained incorrect numerical values for silver ppm in the table. It does not provide the corrected silver ppm values in the supplied content.
The source describes a new discovery of massive sulphides in drillhole GW26-36, located 2,000 meters northwest of the Logan zone. It states that the hole intersected a broad mineralized zone from 124.4 to 191.8m, including several massive sulphide and semi-massive intervals. Assay results from GW26-36 were still awaited, so the significance of those results is not established in the source.
The Company has begun trenching at the Skull gold-antimony occurrence and the Moose Lake gold-antimony occurrence. The Skull zone was uncovered with 8 trenches over a strike length of 250 meters, while the Moose Lake gold-antimony zone has been traced over a strike length of 500 meters. The source describes preliminary field observations of epithermal quartz breccia deposits with visible stibnite and arsenopyrite mineralization. Assays were pending on the first batch of 14 samples from Skull, and trenching at Moose Lake was continuing.
SLAM recently resumed drilling on the Goodwin Project after a scheduled two-week maintenance break for the contractor’s drill rig and associated equipment. The Company was testing an anomaly 200-meters north of GW26-33. The source states that the 2026 drilling programme had drilled 2,754 meters on the Goodwin Copper-Nickel-Cobalt Project and an additional 554 meters on the wholly owned Jake Lee Gold Project. Hole GW26-35 was abandoned due to poor ground conditions at 44-core-meters below ground surface.
The Goodwin copper-nickel-cobalt project covers 14,000 hectares (35,000 acres) in the Bathurst Mining Camp of New Brunswick, Canada. The source also cites a historical 64.90 meter core interval grading 2.19% Cu-Eq, including 3.84% Cu-Eq over a 31.20 meter core interval, from hole GW24-02. These are reported project and historical exploration details, not a statement of future results.
The release states that mineral exploration is speculative and that exploration results, including pending assay results, may not confirm historical data or current interpretations. It also identifies uncertainty regarding the continuity, grade and extent of mineralization; possible delays or changes to exploration programmes; the availability and cost of labour, equipment and contractors; fluctuations in commodity prices; financing availability; regulatory, environmental and permitting risks; operating hazards; and general economic, market and business conditions. The source cautions readers not to place undue reliance on forward-looking statements.