SLAM Reports Goodwin Drilling Results and New Sulphide Discovery in New Brunswick
SLAM Exploration reported results from 19 drill holes at its Goodwin Copper-Nickel-Cobalt Project in New Brunswick, including a new sulphide discovery approximately 2,000 meters northwest of the Logan zone.
SLAM Exploration Ltd. (TSXV:SXL; OTCQB:SXLXF) has reported results from its 2026 diamond drilling campaign at the Goodwin Copper-Nickel-Cobalt Project in New Brunswick, including a new sulphide mineralization area approximately 2,000 meters northwest of the Logan zone.
The company said hole GW26-33 produced 14.45 core-meters grading 1.54% Cu-Eq 95%, while hole GW26-29 returned 41.3 core-meters grading 0.76% Cu-Eq. The reported intervals are core lengths, and true widths have not yet been established.
GW26-33 delivered the highest-grade intercept reported from the 2026 season, according to SLAM. The interval included 1.9 core-meters grading 3.35% Cu-Eq and 4.9 core-meters grading 2.52% Cu-Eq.
At GW26-29, the 41.3 core-meter interval included 22.8 core-meters grading 1.05% Cu-Eq. Other reported results included 28.5 continuous core-meters grading 0.46% Cu-Eq 95% in GW26-27 and a 75.0 core-meter zone grading 0.19% Cu-Eq 95% in GW26-30.
GW26-32 intersected three mineralized zones, including 48.0 core-meters grading 0.32% Cu-Eq from 146-194 core-meters. The company also reported a 10.0 core-meter interval grading 0.38% Cu-Eq in that hole.
Drillhole GW26-36 tested ground northwest of the Logan zone and returned 42.5 continuous core-meters grading 0.44% Cu-Eq, including 7.7 core-meters grading 0.76% Cu-Eq.
SLAM’s initial interpretation indicates that the mineralization may lie along a linear trend between the new area, the Logan zone and the Farquharson zone. The company said the new discovery could represent a lateral extension of the Logan zone, although additional assays and geological interpretation are still required.
The GW26-36 intersection included sulphide intervals within coarse-grained gabbro. Assays from additional material farther down the hole remain outstanding.
SLAM drilled 19 NQ-sized diamond holes totalling 3,350 core-meters between June and October 5, 2026. The work tested conductors identified by a VTEM airborne survey flown over Goodwin in January 2026.
Seventeen holes were completed and each intersected sulphide mineralization. Holes GW26-35A and GW26-35B were stopped at 20 and 44 meters, respectively, because of poor ground conditions.
The company said assay results had been received for 857 of 1,070 core samples, leaving 213 samples pending from holes GW26-37 through GW26-43. GW26-37 and GW26-38 intersected disseminated mineralization, while assays for the lower portions of those holes and for GW26-39 and GW26-40 were still pending.
SLAM said it is combining the 2026 drilling results with historical drilling, geophysical information, geological data and VTEM plate models in a three-dimensional interpretation of the Goodwin project. The company plans to use that work to define targets for follow-up drilling, subject to the results of the ongoing analysis.
SLAM calculates Cu-Eq 95% using copper, nickel and cobalt grades, a 95% recovery rate and metal prices published on October 23, 2026, by Daily Metal Price. Silver and gold are excluded from the calculation. The company has not yet determined true widths for the reported intervals.
President and CEO Jimmy Gravel is scheduled to attend and exhibit at the 2026 New Orleans Investment Conference from October 28 to 31, 2026, at the Hilton New Orleans Riverside in New Orleans, Louisiana.
SLAM also said it will exhibit at the Exploration, Mining, and Petroleum Conference in Fredericton between October 25 to 27, 2026. Chairman Mike Taylor is scheduled to give a company presentation on October 26th, 2026, at 11:48.
SLAM Exploration Ltd. announced significant results from its 2026 diamond drilling programme on the Goodwin Copper-Nickel-Cobalt Project in New Brunswick, including results from holes GW26-26 through GW26-43. The company also announced that President and CEO Jimmy Gravel will attend and exhibit at the 2026 New Orleans Investment Conference.
SLAM Exploration Ltd. reported that hole GW26-33 returned 14.45 core-metres grading 1.54% Cu-Eq 95%, including 1.9 core-metres of 3.35% Cu-Eq and 4.9 core-metres of 2.52% Cu-Eq. Hole GW26-29 intersected 41.3 core-metres grading 0.76% Cu-Eq, including 22.8 core-metres of 1.05% Cu-Eq.
SLAM Exploration Ltd.’s new sulphide mineralisation discovery is approximately 2,000 meters northwest of the Logan zone. Drillhole GW26-36 returned 42.5 continuous core-metres grading 0.44% Cu-Eq, including 7.7 core-metres of 0.76% Cu-Eq.
SLAM Exploration Ltd. drilled 19 NQ-sized diamond drill holes totalling 3,350 core-metres between June and October 5, 2026. The programme tested conductors identified by a VTEM airborne survey flown over the project in January 2026.
All 17 completed holes intersected sulphide mineralisation, according to SLAM Exploration Ltd. Holes GW26-35A and GW26-35B were terminated prematurely at 20 and 44 meters, respectively, because of poor ground conditions.
Assays remain pending for 213 of the 1,070 core samples collected by SLAM Exploration Ltd.; results have been received for 857 samples. The pending samples are from holes GW26-37 through GW26-43, with additional assays down-hole from GW26-36 also pending.
SLAM Exploration Ltd. says its initial findings suggest the new sulphide discovery in GW26-36 potentially follows a linear strike trend between the new discovery, the Logan zone and the Farquharson zone. The company says the emerging interpretation is that the new discovery has the potential to be a lateral extension of the Logan zone, but additional assays and interpretive geological analysis are still pending.
SLAM Exploration Ltd. says it will use the ongoing analysis to plan follow-up drilling across the ground, further delineate the new discovery and target a lateral extension of the Logan zone to the new sulphide discovery. The company will also integrate the complete 2026 dataset with previous drilling, geophysical work and geological work to update its interpretation and define targets for the next phase of exploration.
SLAM Exploration Ltd. calculates Cu-Eq 95% from copper, nickel and cobalt grades using a 95% recovery rate and metal prices published on October 23, 2026, by Daily Metal Price. The calculation excludes silver and gold values, and the company says the reported lengths are core lengths because true widths have not yet been determined.
SLAM Exploration Ltd. said GW26-32 intersected three separate mineralised zones, including 48.0 core-metres grading 0.32% Cu-Eq from 146-194 core-metres. GW26-27 returned 28.5 continuous core-metres grading 0.46% Cu-Eq 95%, while GW26-30 intersected a 75.0 core-metre zone grading 0.19% Cu-Eq 95%.
President and CEO Jimmy Gravel will attend and exhibit at the 2026 New Orleans Investment Conference from October 28 to 31, 2026, at the Hilton New Orleans Riverside in New Orleans, Louisiana. SLAM Exploration Ltd. will also exhibit at the Exploration, Mining, and Petroleum Conference at the Delta Hotel by Marriott in Fredericton between October 25 to 27, 2026, where Chairman Mike Taylor is scheduled to provide a company presentation on October 26th, 2026, at 11:48.
SLAM Exploration Ltd. identifies its listings as TSXV:SXL and OTCQB:SXLXF. The company also provides SEDAR+ identifier 00012459.
SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in New Brunswick. Its portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp, and it also holds the Jake Lee gold project and the Menneval gold project.
SLAM Exploration Ltd. identifies the speculative nature of mineral exploration, the risk that pending assay results may not confirm historical data or current interpretations, and uncertainty over the continuity, grade and extent of mineralisation. It also cites possible delays or changes to exploration programmes, labour and equipment availability, commodity-price fluctuations, financing availability, regulatory and permitting risks, operating hazards, and general economic, market and business conditions.