SLAM Exploration Ltd. announced that it has acquired the 52 unit "Highway Gold Project" by staking 2 mineral claims that cover 3 known mineral occurrences located on provincial highway 7 near Nerepis in southern New Brunswick. Previous workers detected gold as well as cobalt, silver, zinc, copper, tin and tungsten minerals associated with magnetic and soil geochemical anomalies over major cross-cutting fault zones. This structural setting is similar to the Clarence stream gold deposit 55 km to the southwest where Galway Metals Inc. has identified a 2.3 million ounce gold resource.

The Highway Gold Project: Gold occurs in polymetallic skarns as well as quartz veins associated with 3 mineral occurrences known as the West Lake gold skarn (URN 1407), the West Brook zinc skarn (URN 324), and the Deep Lake polymetallic skarn occurrence. Previous workers several holes including one 8.8 m core interval that averaged 0.66 g/t gold at West Lake and 8.3% zinc 17.8 g/t silver, 0.686 g/t gold over 3.01 m at West Brook. They drilled significant cobalt at Deep Lake with one sulphide-rich core interval grading 0.61% cobalt over 0.36 m. SLAM is compiling the previous work data in preparation for a prospecting program to be conducted early in the 2023 exploration season in conjunction with the program planned at its wholly-owned Jake Lee gold project located 25 km to the southwest.