Slam Exploration Ltd. announced assay results for initial diamond drill holes from the 2012 program at its wholly owned Menneval gold project in New Brunswick. Gold bearing quartz veins were intersected in 8 of 10 holes with grades ranging up to 28.50 g/t gold over 0.25 m. The drilling program has traced the vein system over a 520 m strike length and to a depth of 25 m. The target vein was identified in a trenching program from which the Company reported numerous sites of visible gold with bonanza grade assays as it traced the vein system over a 700 m strike length in 2012. Assay results are pending from holes MG1211 to MG1247.

SLAM holds 100% interest in 8 contiguous claims covering 30,820 hectares all acquired by map-staking near Menneval in northwest New Brunswick. Four of the claims covering 692 hectares are subject to a 1.5% NSR. SLAM can buy down 0.5% NSR for CAD 0.5 million and has right of first refusal on remaining 1%. The extensive property hosts a number of new gold discoveries including the Maisie zone.

It also covers 3 previously discovered silver-base metal skarn deposits where exploration programs date back to 1965.