SLAM Exploration Ltd., a project-generating resource company, has reported that it has started the 2021 trenching program on its 100% owned Menneval gold project situated in the mineral-rich New Brunswick province.
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Targets of the company include several new gold veins identified in 2020 and prospective extensions related to gold soil trends A to D.
Targets include three veins—No 2, No 18, and No 22—where SLAM Exploration announced the spotting of visible gold in 2020. Grab samples obtained from the No 2 vein ranged up to grading 363.00 g/t and up to 11.30 g/t in vein No 22.
Several visible gold sites were supported by assay results that graded 1.22 to 3,955 g/t gold across widths varying from 0.04 to 0.12 m thick as reported on December 03rd, 2020.
These veins form part of a swarm of gold-bearing veins that extend eastward across a strike length of 1,100 m. This vein system, which has been tested only intermittently, is open eastward.
Gold soil trends A, B, C, and D are the initial trenching targets. Trend A is a 150-m-wide, 1,800-m-long region of elevated gold varying from 20 ppb to 206 ppb gold in soils reported on January 19th, 2021.
Trend B is a 600-m-long parallel trend located between the high-grade Maisie vein and the new gold vein discoveries. Trend C is a 200-m-long anomaly spanning from 46 ppb to 102 ppb gold. Trend D is a 700-m-long cross-cutting trend. The intersection of gold trends A and D is a significant gold trenching target.
The Menneval Project
The Menneval Gold project is one of SLAM’s flagship project and the company plans to concentrate on testing the depth and strike extent of the swarm of new gold veins identified in 2020. The expanded property includes 572 mineral claim units that cover 12,390 hectares situated in northwestern New Brunswick.
SLAM Exploration has a 100% interest in the claims excluding four claim units that cover 105 hectares subjected to a 1.5% NSR. SLAM Exploration can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.
Appalachian Gold Structure Model
The Menneval gold findings are found on the flank of a major Appalachian structure called the Restigouche fault. A majority of the other gold deposits in New Brunswick are related to similar Appalachian structures like the Sawyer Brook, Millstream Break, and Wheaton Bay faults.
Prime Appalachian structures are related to the Moosehead, Valentine, Queensway, and several other gold deposits in Newfoundland, with the Dalradian gold project located in Ireland and the Haile gold mine located in South Carolina.
Other New Brunswick examples that support this Appalachian gold structure model are gold findings by Puma Exploration Inc. (PUMA.V) close to the Millstream Break and by Galway Metals Inc. (GWM.V) close to the Sawyer Brook fault.