SLAM Exploration is Multiplying Targets in the Bathurst Mining Camp
CEO.CA Jun 16, 2026 8:50
Summary
First drilling at SLAM's Jake Lee gold project hit the target structure in all five holes, including roughly 50 metres of mineralized quartz; assays pending.
Goodwin's zones run up to 75 metres at 2.5% copper equivalent (all metals as one copper grade); a winter VTEM survey flagged 23 targets.
The guest says Mine Road's 9-metre ore shoot runs about 15% zinc, 6% lead and 140 g/t silver next to the camp's biggest historic mine.
Menival Gold shows visible free gold in veins, with grab samples up to 3,900 g/t; summer trenching comes before planned 2026 drilling.
With about $2 million cash and a $12 million market cap, the guest says a 'big brother' major is needed to fund resource-scale drilling.
Key points on Oceanagold
- The guest names Oceanagold's project on the well-known Avalon-Gander contact belt as one of the established gold mines on the same geology that hosts SLAM's JakeLee property.
Jimmy Gravel's takeaways
- Top takeaway Gravel's top conviction is Goodwin, which he calls 'my baby' and argues will prove a really large open-pit project in the Bathurst Mining Camp.
- He says his main goal is securing a major partner ('big brother') to help advance Goodwin, with confidentiality agreements in place and big players currently looking at SLAM.
- He argues SLAM is deeply undervalued - a roughly $12 million market cap as of June 2026 against what he claims are 'billions of dollars of projects' - and expects big news in the fall.
- He contends the Bathurst Mining Camp's experienced local workforce and existing infrastructure make permitting easier and drilling cheaper than in other regions he has worked, such as Yukon and Nova Scotia.
- He is confident in funding, citing about $2 million in the account raised mostly from friends and family, which he says covers all planned 2026 summer exploration.