SLAM Exploration And CEO Michael Taylor: An Inspiration For The Future
Meta Description: With their flagship Menneval Gold Project, SLAM Exploration and its CEO Mike Taylor, are at the front of an evolving gold play in the mineral rich province of New Brunswick.
SLAM Exploration is a junior resource company based in Miramichi, New Brunswick, led by their CEO Mike Taylor. The company was established in 1996 and had a registered capital of under CAD 5,000,000. The company’s portfolio consists of properties that are rich in gold, silver, base metals and rare earth elements. The Company is generating revenues from property sales and has a PE (Price-Earnings) multiple of 8.8.
SLAM Exploration Gold, Silver, Base Metal And REE Projects
Since incorporation in 1996, the company has operated as a project-generating resource company using advanced AI, airborne, satellite and geochemical technologies combined with old-fashioned boot-and-hammer methods to drive the acquisition of gold, silver, base metal and rare earth element (“REE”) projects. The Company holds NSR royalties on the Superjack, Nash Creek, Portage, Goodwin, Lower 44 and A’Hearn properties in the Bathurst mining district of New Brunswick. These royalties derive from the sale of properties through which the company has raised significant funds.
The current focus for SLAM is on gold, primarily its flagship Menneval gold project. The company found a swarm of new gold veins in the 2020-2021 exploration campaign with multiple new gold sites found along the No.02, No. 18 and No 22 veins. SLAM drilled 20 holes in 2021 and intersected core intervals ranging up to 56.5 g/t gold over 0.51 m. The new gold veins are associated with a 2,800 metre long gold anomaly in soils that is largely un-tested by drilling.
The property comprises 572 mineral claim units covering 12,400 hectares located in northern New Brunswick. “Yes, SLAM Exploration owns it completely,” said the CEO, “To date, we have modest expenditures on it but it will soon be time to ramp up. We would like to continue this project to the feasibility stage.”
SLAM owns the Ferguson and Ramsay claim groups adjacent to the Williams Brook gold project where Puma Explorations Ltd. Puma has recently announced significant new gold discoveries in this emerging gold district.
SLAM recently announced the acquisition of the Benjamin River gold and REE property. The company originally staked a small claim for its REE potential, but expanded it to 400 mineral claim units covering 8,534 hectares when research showed the presence of widespread presence of anomalous gold up to 690 ppb in stream sediments surrounding the REE occurrence. Copper was also detected in a solitary drill hole by a previous company in 2014.
SLAM is also involved in the southern New Brunswick gold play where Galway Metals Inc. recently reported significant new gold discoveries and has a resource estimate pending on its Clarence stream gold deposit. The Jake Lee, Mount Victor and Little Mount Pleasant gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in the vicinity of the Galway gold discoveries.
The Company owns the Gold Brook, Birch Lake gold and Wilson Brook gold properties on similar structures in central New Brunswick. SLAM owns the Keezhik and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement.
In an interview, Mike Taylor, the CEO said, “New Brunswick is an emerging gold district as well as a major zinc-producing area. Trevali is operating the Caribou mine and the Brunswick #12 mine was a world class zinc producer that generated 10,000 tons a day over its 50 year mine life. Although our focus is the mineral-rich province of New Brunswick, SLAM has diversified its holdings to include gold projects in Nova Scotia and Ontario.”
