MIRAMICHI, N.B. / ACCESS Newsline / January 12, 2026 / SLAM Exploration Ltd. (TSXV:SXL,OTC:SLMXF) (“CLOSE“or the”Company“) is pleased to announce the acquisition of the Harry Brook gold-antimony project, which hosts a high-grade quartz float (1428) grading 1,320 grams per tonne (“g/t”) gold, a bedrock (1433) grading 0.965 g/t gold, and an antimony float (1216) grading 24.25% antimony.
The Harry Brook project includes three gold-antimony mineral claims covering approximately 4,415 hectares. The claims were acquired by strike and are located near the Bald Hill antimony project operated by Antimony Resources Corp. in southern New Brunswick. The Harry Brook claims relate to three documented mineral occurrences referenced in the New Brunswick Mineral Occurrence Database, maintained by the New Brunswick Department of Natural Resources (“DNR”), listed below and illustrated in Figure 1:
Figure 1: Gradient Aeromagnetism – Occurrence of Gold and Antimony
1428 – Harry Brook Gold: This float consists of a large quartz block measuring approximately 12 inches by 8 inches containing visible gold, discovered by a DNR geologist. A sample containing visible gold yielded a value of 1320 g/ton gold (Reference: Johnson, SC 2005, MP2005-55, Discovery of high-grade gold-bearing float in southern New Brunswick).
1433 – Johnson Gold: This event yielded 0.965 g/t gold from a silicified rhyolite outcrop located approximately 2,800 meters northwest of the Harry Brook gold outcrop. The discovery was made by a DNR geologist during the 2005 summer mapping project.
1216 – Sheba East Antimony: This occurrence consists of an antimony float with an antimony content of 24.25%, reported in 1927 on the Kings-Queens County Line, approximately two miles east of the Johnston-Brunswick parish line.
Jake Lee project update
Testing is pending on 11 channel samples cut from the No. 1 gold vein claimed by SLAM, which is wholly owned by Jake Lee. The company reported eight grab samples with assays ranging from 7.42 grams per tonne (“g/t”) to 94.80 g/t gold from the No. 1 gold vein at July 9, 2025. A second discovery included quartz floats valued at 16.20 and 3.78 g/ton gold respectively, 100 meters southwest of the original discovery, as reported. August 28, 2025.
Tests are also pending on 52 grab samples collected from trenches dug on various targets up to 7,500 meters away. Jake Lee’s claims are located 25 kilometers southeast of the Clarence Stream gold deposit, where Galway Metals Inc. Clarence Stream plays host to an indicated resource of 12.4 million tonnes of 922,000 ounces grading 2.31 g/t gold plus an inferred resource of 16.1 million tonnes of 1,334,000 ounces grading 2.60 g/t gold. (Reference: “Updated Mineral Resources Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022”). SLAM’s reconnaissance team recently returned to Jake Lee.
Historical Menneval results
SLAM previously reported gold-bearing core intervals from the Maisie vein, including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m, in press releases dated December 13, 2021 and November 22, 2022. The company also reported a core interval containing 3,955 g/t (127 oz) gold over 0.1 m versus number 18. vein. The Menneval soil geochemical survey shows a number of gold anomalies over an area of approximately 3,000 by 2,500 meters.
About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly traded resources company with a portfolio of 40,000 hectares of mineral claims in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project at New Brunswick’s Bathurst Mining Camp (“BMC”). The company drilled ten holes at the Goodwin copper-nickel-cobalt project during the 2025 diamond drilling campaign. This followed significant interceptions of copper, nickel and cobalt from 15 diamond drill holes reported by the company in 2024. These include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02, as reported in a press release. August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne above 0.5 meters in hole GW24-01.
The company is a project generator and expects to receive significant cash and stock payments in 2026. SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. in 2025. (NINE) under the Wedge Project Agreement. Also in 2025, the company received a cash payment of $60,000 as well as 180,000 shares of stock from a private company under the Ramsay Gold agreement. The Company holds NSR royalties and expects to receive additional cash and stock payments for the Wedge copper-zinc project and for the Ramsay gold project.
To view SLAM’s corporate presentationclick SXL presentation. Additional information is available on SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold. Sign up for our company newsletter by clicking SXL News to receive timely company updates and press releases related to SLAM Exploration.
Qualifying Statements: Mike Taylor P.Geo, president and CEO of SLAM Exploration Ltd., is a Qualified Person as defined by National Instrument 43-101, and has approved the contents of this press release.
CONTACT DETAILS:
Mike Taylor, president and CEO
Contact: 506-623-8960
mike@slamexploration.com
Jimmy Gravel, vice chairman
Contact 902-273-2387
jimmy@slamexploration.com
AWARE+: 00012459
Forward-Looking Statements
This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “could” or “will” and similar expressions.
Forward-looking statements in this press release include, but are not limited to: statements regarding the exploration potential of the Harry Brook gold-antimony project; the significance of historical gold and antimony occurrences; the interpretation of geological, geochemical and geophysical data; the identification and prioritization of exploration targets; the expected reception and significance of pending test results from the Jake Lee Project; the continuity and extent of mineralized structures at Jake Lee and Menneval; the timing and scope of future exploration programs; the Company’s ability to advance its mineral projects; and the potential for future exploration success.
Forward-looking statements are based on reasonable assumptions of the Company as of the date of this press release, including but not limited to: that historical exploration results, mineral events and publicly reported third party mineral resources are relevant to the regional and exploration context; that geological interpretations and targeting models are reasonable; that ongoing test results will be received within the expected timeframes; that planned exploration activities can be carried out as expected; that contractors, equipment, personnel and supplies will be available on acceptable terms; that commodity prices and market conditions will remain generally supportive; and that the required permits, approvals and access rights will be obtained in a timely manner.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements. These risks and uncertainties include, without limitation: the speculative nature of mineral exploration; the risk that exploration results, including ongoing test results, may not confirm historical data or current interpretations; uncertainty about the continuity, degree and extent of mineralization; delays or changes in exploration programs; availability and costs of labor, equipment and contractors; fluctuations in commodity prices; availability of financing on acceptable terms; regulatory, environmental and licensing risks; operational hazards; and general economic, market and business conditions. Additional risk factors are described in the Company’s most recently filed Management’s Discussion and Analysis and other ongoing disclosure documents available under the Company’s profile on SEDAR+.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: SLAM Exploration Ltd.
View the original press release on ACCESS Newswire
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