SLAM Exploration (TSXV:SXL) has announced the completion of four diamond drill holes at its ongoing 2025 campaign on the Goodwin Copper-Nickel-Cobalt Project, located in the mineral-rich Bathurst Mining Camp of New Brunswick. All four holes drilled to date have intersected mineralized core intervals containing pyrrhotite and chalcopyrite. The company has described particularly notable intersections of 81 meters and 74 meters in two of the holes, while assays from 236 core samples are currently pending.

The Goodwin Project lies within one of Canada’s most established mining districts, and SLAM’s latest drilling campaign follows a series of encouraging results reported in 2024. According to the company, hole GW25-17 intersected an 81-meter zone of mineralized gabbro containing pyrrhotite and chalcopyrite from a depth of 88.70 meters to 169.75 meters. Within that broader interval, a 48.7-meter section between 98.70 and 147.40 meters was described as strongly mineralized. Below 147.4 meters, the hole continued through gabbro hosting pyrrhotite and localized chalcopyrite down to its final depth of 452 meters. In the same campaign, hole GW25-19 intersected a 74-meter zone with pyrrhotite and disseminated chalcopyrite mineralization from 76.10 to 150.10 meters. Both holes were drilled on the Farquharson Zone, which has become a key area of focus for the company.

Earlier in the campaign, drilling began on the Granges Copper-Nickel-Cobalt Zone with hole GW25-16. This hole cut two mineralized sections measuring 11.47 meters from 69.21 to 80.68 meters and 4.40 meters from 124.60 to 129.00 meters. The drill site for GW25-16 was located about 40 meters east and 20 meters north of two holes drilled in 2024, GW24-01 and GW24-02, to test the eastward extension of the zone. Results from 2024 had already confirmed the potential of the area, with GW24-02 intersecting 64.90 meters grading 0.73 percent copper, 0.64 percent nickel, and 0.05 percent cobalt. That same hole also returned notable gold values, with assays up to 0.44 grams per tonne gold over 1.95 meters, while hole GW24-01 contained gold grades reaching 3.31 grams per tonne over 0.50 meters.

Hole GW25-18, also drilled on the Farquharson Zone, was positioned 40 meters west of GW24-03 and 30 meters behind GW24-07. It intersected two mineralized intervals of gabbro containing pyrrhotite: an 18.75-meter section between 46.75 and 65.50 meters and a 33.70-meter section from 105.20 to 138.90 meters. The company has reported that 50 samples from hole GW25-16, 148 from GW25-17, and 38 from GW25-18 have already been prepared and sent for assay. Another 86 samples from GW25-19 are being sawn and will be delivered to Activation Laboratories Ltd. (Actlabs) in Fredericton for analysis.

The company’s quality assurance and quality control procedures involve collecting the drill core from the rig and transporting it to a secure logging facility in Bathurst. After being logged, the core is cut using a diamond blade, with half-core samples being numbered, bagged, and tagged before submission to Actlabs. The laboratory will perform a multi-element analysis using its UT7 assay method, while samples exceeding one percent in grade will be reanalyzed under method 8-AR. Blanks and standards are included within each batch to ensure accuracy.

SLAM’s exploration work at Goodwin builds on a series of geophysical surveys conducted earlier in 2025, which included induced polarization (IP) studies across the Granges, Logan, and Farquharson zones. Those surveys identified chargeability and resistivity anomalies at depth, suggesting potential extensions of mineralization. The company’s 2025 drilling campaign is intended to follow up on these findings while expanding the known zones of copper, nickel, and cobalt mineralization.

In addition to the Goodwin project, SLAM has been advancing other properties in New Brunswick. Earlier in 2025, the company reported two new gold discoveries on its wholly owned Jake Lee claims. The first discovery, announced on July 9, 2025, included eight grab samples that assayed between 7.42 and 94.80 grams per tonne gold. A second discovery was reported on August 28, 2025, after quartz float samples collected from Trench JT25-05, located about 100 meters southwest of the initial site, returned assays of 16.20 and 3.78 grams per tonne gold.

At its Menneval Gold Project, also wholly owned, SLAM drilled two holes in 2024 that intersected multiple gold-bearing veins. The company had previously reported significant gold grades from the property, including 162.5 grams per tonne over 0.2 meters and 56.90 grams per tonne over 0.5 meters, in releases dated December 13, 2021, and November 22, 2022. The company is now collecting around 1,000 additional samples to expand soil coverage and further delineate the gold-bearing vein system.

SLAM Exploration describes itself as a project generator and continues to derive income from property agreements and royalty interests. In 2025, it received $9,000 and 1,200,000 shares from Nine Mile Metals Inc. under the Wedge Project agreement, as well as $60,000 and 180,000 shares from a private company related to the Ramsay Gold Project. The company holds net smelter return royalties on both the Wedge and Ramsay projects and expects additional payments in the future.

The 2024 drilling campaign at Goodwin had already produced encouraging results across 15 holes, including a 64.90-meter intercept grading 0.73 percent copper, 0.64 percent nickel, and 0.05 percent cobalt, as well as a higher-grade 39.40-meter section averaging 1.11 percent copper, 0.95 percent nickel, and 0.07 percent cobalt. Those results, together with the ongoing drilling and pending assays from 2025, have positioned the Goodwin Project as one of the company’s leading exploration targets for critical metals in Atlantic Canada.