Slam Acquires New Lithium Project
Slam Acquires New Lithium Project
Road Accessible Lithium Claims in Northwestern Ontario
安大略省西北部的道路可達鋰聲明
Ears Fall Lithium Project
耳朵墜落鋰專案
MIRAMICHI, New Brunswick, Oct. 12, 2023 (GLOBE NEWSWIRE) -- SLAM Exploration Ltd. (TSXV-SXL) is pleased to announce it has entered into an arm's length option agreement dated October 11, 2023, to acquire a 100% interest in the Ear Falls lithium project, located in the vicinity of a new lithium discovery by Beyond Lithium Inc. (BY on CSE) near Ear Falls in northwestern Ontario.
米拉米奇，新不倫瑞克，2023年10月12日(環球通訊社)SLAM勘探有限公司(TSXV-SXL)很高興地宣佈，它已於2023年10月11日簽訂了一項公平期權協定，收購Ear Falls鋰專案的100%權益，該專案位於安大略省西北部Ear Falls附近的Beyond Lithium Inc.(By On CSE)新發現的鋰礦附近。
Project Highlights:
Proje專案CT要點：
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New Lithium Discoveries: The project comprises 230 claim units covering 4,700 hectares in 2 claim groups ("Northeast" and "Southern") respectively located 10 kilometres (km) northeast and 12 km south of a new 1,000 metre long spodumene bearing pegmatite zone with grab samples up to 4.54% Li2O reported by Beyond Lithium on their Ear Falls Project.
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Northeast Claim Group: The northeast group comprises 50 claims covering 1018 hectares located 10 km along strike from new lithium discoveries by Beyond Lithium who recently reported. "New spodumene bearing pegmatites zone discovered at the Ear Falls Project with grab samples up to 4.54% Li2O".
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Mineral Trend: Beyond Lithium also reports "Favorable geology and a highly fractionated sample located 2 km northeast of the new discovery spodumene zone"... This suggests a trend toward SLAM's Northeast claims. This trend is supported by aeromagnetic signatures.
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Southern Claim group: The southern group comprises 180 claim units covering 3,678 hectares located 12 kilometres south of the new lithium discovery. The Southern claim group is underlain by sediments and granitic rocks that are prospective for pegmatites.
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Regional Lithium Play: The Ear Falls lithium project is underlain by volcano-sedimentary and intrusive rocks transected by a splay of the Lake St. Joseph Fault, a regional structure that cuts through the Root Bay area where Green Technology Metals (ASX-GT1) is drilling to expand a JORC compliant resource on the Root Bay and McCombe deposits. Pioneer Lithium (ASX-PLN) recently announced a new pegmatite discovery on its adjacent Root Bay claims.
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Infrastructure: Both claim groups are accessible through a network of logging roads and secondary roads off Highway 105 that connects the mining town of Red Lake to the Trans-Canada highway.
The Optionors: The Ear Falls Lithium Agreement was signed by Perry English and Gravel Ridge Resources Ltd., jointly, the Optionors along with the CEO of SLAM.
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鋰的新發現：該專案包括230個索賠單元，覆蓋4,700公頃，分別位於一個新的1,000米長的鋰輝石偉晶巖帶東北10公里和以南12公里處的2個索賠組(“東北”和“南部”)，抓取樣品的比例高達4.54%Li2.O Beyond Lithium在他們的耳朵瀑布專案中報道了。
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東北索賠集團：東北地區包括50個主張，覆蓋1018公頃，位於Beyond Lithium最近報告的新鋰發現罷工沿線10公里處。“在耳朵瀑布專案中發現了新的含鋰輝石偉晶巖帶，其抓取樣品的Li2O含量高達4.54%”。
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礦物趨勢：Beyond Lithium還報告說，“有利的地質條件和位於新發現的鋰輝石帶東北2公里處的高度分餾的樣品”……這表明了SLAM對東北地區聲索主權的趨勢。這一趨勢得到了航磁信號的支持。
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南方索賠小組：南部組由180個索賠單位組成，覆蓋3678公頃，位於新發現的鋰礦以南12公里處。南部主張群被沉積物和花崗巖覆蓋，這些岩石可能是偉晶巖。
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區域性鋰離子遊戲：Ear Falls鋰專案被火山沉積和侵入岩所覆蓋，聖約瑟夫湖斷層是一個貫穿Root Bay地區的區域結構，Green Technology Metals(ASX-GT1)正在那裡鑽探，以擴大Root Bay和McCombe礦藏上符合JORC標準的資源。先鋒鋰公司(ASX-PLN)最近宣佈在其鄰近的根灣地區發現了一塊偉晶巖。
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基礎設施：這兩個主張群都可以通過駭維金屬加工105附近的伐木公路網和次要公路網到達，這些公路網連接著礦業小鎮紅湖和跨加拿大的駭維金屬加工。
Optionors：耳朵瀑布鋰協定是由Perry English和Gravel Ridge Resources Ltd.、Optionors以及SLAM的首席執行官共同簽署的。
SLAM President Mike Taylor states, "The new lithium discovery of 4.54% Li2O by Beyond Lithium is very significant. The geological setting is similar to Root Bay where Green Technology Metals recently announced drilling to expand its lithium deposits. SLAM wishes to thank the Optionors for this opportunity and is planning an exploration program at Ear Falls. The Company intends to continue its aggressive pursuit of new exploration opportunities especially in the critical element space."
SLAM總裁Mike·泰勒表示：“Beyond Li公司新發現的鋰儲量為4.54%Li2O，意義重大。這裡的地質環境類似於綠色科技金屬公司最近宣佈鑽探以擴大其鋰礦藏的地方。SLAM希望感謝Optionors提供的這個機會，並正計劃在耳瀑布進行勘探專案。公司打算繼續積極探索新的勘探機會，特別是在關鍵元素領域。”
The Agreement: To earn a 100% interest in and to the Ear Falls Lake lithium project SLAM must pay the Optionors a total of $79,000 CAD dollars over three years and issue the Optionors 300,000 common shares (Shares) in accordance with the following schedule:
《協定》：為了在Ear Falls Lake鋰專案中獲得100%的權益，SLAM必須在三年內向期權持有人支付總計79,000加元，並按照以下時間表向期權持有人發行300,000股普通股：
| Due Date | Common Share Payments | Cash Payment (CAD) | |
| Upon signing the Agreement | - | $14,000 | |
| Within 7 business days of approval by the TSXV Exchange | 300,000 | ||
| On or before the 1st anniversary | - | $14,000 | |
| On or before the 2nd anniversary | - | $21,000 | |
| On or before the 3rd anniversary | - | $30,000 | |
| Total | 300,000 | $79,000 | |
| 到期日 | 普通股支付 | 現金支付(加元) | |
| 在簽署協定時 | - | 14,000美元 | |
| 在多倫多證券交易所批准之日起7個工作日內 | 300,000 | ||
| 在%1或之前ST週年紀念 | - | 14,000美元 | |
| 在2號或之前發送週年紀念 | - | 21,000美元 | |
| 在3號或之前研發週年紀念 | - | 3萬美元 | |
| 總計 | 300,000 | $79,000 | |
Upon SLAM earning 100% interest, the Optionors are to hold a 1.5% Net Smelter Return (NSR) Production royalty. SLAM retains the right to buy back one-third of the royalty equal to 0.5% NSR for a one-time payment of CAD $600,000 at any time. Upon such purchase and payment being made, the Optionors will retain a Production Royalty equal to 1.0% of NSR.
SLAM賺取100%利息後，Optionors將持有1.5%的冶煉廠淨收益(NSR)生產特許權使用費。SLAM保留隨時回購相當於0.5%NSR的三分之一的特許權使用費的權利，一次性支付600,000加元。在購買和付款後，Optionors將保留相當於NSR的1.0%的生產版稅。
The option agreement and proposed share issuances remain subject to approval by the TSX Venture Exchange. All security issuances will be subject to a statutory hold period of 4 months and one day from issuance in accordance with Canadian securities laws. No finders' fees were paid on this arm's length agreement.
期權協定和擬議的股票發行仍有待多倫多證券交易所創業板交易所的批准。根據加拿大證券法，所有證券發行將受到從發行之日起4個月零1天的法定持有期的限制。在這份公平的協定中，沒有支付發現者的費用。
About SLAM Exploration Ltd:
關於SLAM勘探有限公司：
The Ear Falls lithium project is a significant addition to SLAM's mineral portfolio which has been mainly focused on the mineral-rich province of New Brunswick where it holds a large portfolio of gold, REE and base metal projects. Exploration for gold along regional fault structures has resulted in significant gold discoveries. These include the Maisie gold vein system at SLAM's wholly owned Menneval project. In addition, SLAM has identified an area with high potential for gold discoveries in southern New Brunswick where the Company acquired the Shadow Lake, Jake Lee, Rogers Lake and Highway projects. These projects have potential for Rare Earth Element (REE) minerals as well as cobalt, silver and base metals.
Ear Falls鋰專案是SLAM礦產組合的重要補充，SLAM主要專注於礦產豐富的新不倫瑞克省，該公司在新不倫瑞克省擁有大量黃金、稀土和賤金屬專案。沿區域斷裂構造進行金礦勘探已取得重大金礦發現。其中包括SLAM全資擁有的Menneval專案的Maisie金礦系統。此外，SLAM還在新不倫瑞克南部發現了一個具有很高金礦發現潛力的區域，該公司在那裡收購了影子湖、傑克·李、羅傑斯湖和駭維金屬加工專案。這些專案具有開發稀土元素(REE)礦物以及鈷、銀和賤金屬的潛力。
Targeting critical elements as well as gold, the Company aggressively pursues new exploration opportunities such as the recent Ear Falls Lithium and the Mine Road base metal acquisitions. The Company has experience in Ontario and generally familiar with the geology of northwestern Ontario where it holds NSR royalties and may receive addition cash and share payments on the Reserve Creek and Opikeigen gold projects.
該公司以黃金和關鍵元素為目標，積極尋求新的勘探機會，例如最近收購的Ear Falls鋰礦和Mini Road賤金屬礦。該公司在安大略省有經驗，對安大略省西北部的地質情況大體熟悉，在那裡它持有NSR特許權使用費，並可能就Reserve Creek和Opikeigen金礦專案獲得額外的現金和股票付款。
The Company holds NSR royalties and expects additional cash and share payments on the Wedge, Goodwin, Ramsay and Ferguson projects in the mineral rich Bathurst Mining Camp of New Brunswick.
該公司持有NSR特許權使用費，並預計在礦產豐富的新不倫瑞克Bathurst採礦營地的Wedge、Goodwin、Ramsay和Ferguson專案上支付額外的現金和股票。
To view SLAM's corporate presentation, click SXL-Presentation. Additional information is available on SLAMs website SLAM and SEDAR+ filings at . Follow us on twitter @SLAMGold.
要查看SLAM的企業演示文稿，請單擊SXL-Presentation。有關更多資訊，請訪問SLAMS網站SLAM和SEDAR+備案網站：。在Twitter@SLAMGold上關注我們。
QA-QC Procedures: The prospecting results described above are from recent news releases reported by other companies.
QA-QC程式：上述勘探結果來自其他公司最近發佈的新聞稿。
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 news release.
限定性聲明：Mike泰勒P.Geo，總裁，SLAM勘探有限公司首席執行官，是國家儀器43-101定義的合格人員，並已批准本新聞稿的內容。
Certain information in this press release may constitute forward-looking information, including statements regarding mineral resources and the Company's plans with respect to the exploration and development of its properties. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at . Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
本新聞稿中的某些資訊可能構成前瞻性資訊，包括有關礦產資源的陳述以及該公司關於勘探和開發其物業的計劃。 這些資訊基於當前的預期，這些預期會受到重大風險和不確定性的影響。 是很難預測的。實際結果可能與任何前瞻性報告中建議的結果大不相同 發言。公司沒有義務更新前瞻性陳述，或更新實際結果可能與前瞻性陳述中反映的結果不同的原因，除非和直到適用於公司的證券法要求。有許多風險因素可能會導致未來的結果與本文所述的結果大不相同。識別風險和不確定性的資訊包含在公司提交給加拿大證券監管機構的檔案中，這些檔案可在。TSXV及其監管服務提供商(該術語在TSXV的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
CONTACT INFORMATION:
聯繫方式：
Mike Taylor, President & CEO
Contact: 506-623-8960 mike@slamexploration.com
Mike·泰勒，總裁兼首席執行官
聯繫方式：506-623-8960電子郵件：Mike
Eugene Beukman, CFO
Contact: 604-687-2038 ebeukman@pendergroup.ca SEDAR+: 00012459
尤金·布克曼，首席財務官
電子郵件：ebeukman@pendergroup.ca，電話：+00012459
A photo accompanying this announcement is available at
這一公告附帶的照片可在以下網址查閱
譯文內容由第三人軟體翻譯。