SLAM Exploration Ltd. (TSXV:SXL)(OTCQB:SXLXF) has reported antimony, gold and silver assay results from trenching at the Skull epithermal zone within its Moose Lake project in New Brunswick. The company said three samples from trenches SKT26-01 and SKT26-08 returned antimony assays above the 1% detection limit.
Separate samples from trenches SKT26-03 and SKT26-04 returned up to 1.965 grams per tonne gold and 73.50 g/t silver, according to the company’s September 22, 2026 announcement.
#Results from the Skull zone
SLAM said the results point to a gold-silver zone alongside the antimony mineralisation at Skull. The zone consists of silicified breccia and quartz veining containing stibnite, an antimony mineral, along the regional Moose Lake fault structure.
The company has traced the breccia zone over a strike-length of 242 meters using 8 trenches. Preliminary results from 14 grab samples collected at the Skull trenches were referenced in the announcement. SLAM also said antimony assays remained pending for 3 samples above the 1.00% detection limit.
#Work extends to the Moose Lake zone
Following the Skull work, an excavator moved 3,800 meters southeast to expose the Moose Lake zone. The area was tested by 3 diamond drill holes in 1988, and SLAM said all 3 holes intersected epithermal breccia-style mineralisation over a strike-length of 285 meters.
The company described the Moose Lake occurrence as open in all directions. The breccia is associated with a fault contact between sedimentary and granitic rocks, with clay and kaolin alteration flanking silicified breccia and quartz veining.
#Project and regional context
The Moose Lake antimony project includes the Moose Lake, Stewart and Skull antimony-gold showings, which the company said were discovered in 1986. SLAM acquired the project through an option agreement signed March 30, 2026, as announced April 07, 2026.
Together with the contiguous, wholly-owned Slacks Lake claim group, the project covers 3,895 hectares of road-accessible mineral potential underlain by volcano-sedimentary rocks in New Brunswick’s Bathurst Mining Camp. The Slacks Lake claims include antimony anomalies identified through regional till surveys and associated with the Moose Brook fault zone.
#Sampling and pending results
SLAM said a total of 36 grab samples were collected from trenches and prospecting sites. Its field personnel collected, labelled and sealed the samples before they were sent to a laboratory for multi-element ICP and gold analyses. Further assay results are to be reported as they are received.
#Separate Goodwin drilling activity
SLAM also reported that its drill was set up on hole GW26-42 at the Goodwin copper-nickel-cobalt project. The hole is designed to test a VTEM plate model conductor 200 meters north of hole GW26-33 on the Granges zone and 200 meters south of hole GW26-29 on the Logan Zone.
#Exploration risks
The company’s announcement states that mineral exploration is speculative. It cautions that pending exploration results may not confirm historical data or current interpretations, and that the continuity, grade and extent of mineralisation remain uncertain.
Other risks identified by SLAM include possible delays or changes to exploration programmes, the availability and cost of labour, equipment and contractors, commodity-price fluctuations, financing availability, regulatory, environmental and permitting risks, operating hazards, and broader economic, market and business conditions.
#Key Takeaways
- SLAM reported antimony assays above the 1% detection limit in 3 samples from the Skull zone.
- Gold values reached up to 1.965 grams per tonne and silver values reached 73.50 g/t in separate trench samples.
- The Skull breccia zone has been traced over a strike-length of 242 meters with 8 trenches.
- The Moose Lake project covers 3,895 hectares together with the contiguous Slacks Lake claim group.
- Further assay results remain pending, and the company identified uncertainty over the continuity, grade and extent of mineralisation.
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