VANCOUVER, BC — February 19, 2021 — Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) (“Bam Bam” or the “Company”) is pleased to announce that a drone magnetic survey by Zonge International, Inc. is underway at the Majuba Hill Porphyry Copper Project in Pershing County, Nevada. The magnetic coverage is being expanded because of the very encouraging results from a 2018 ground magnetic survey over part of the project area.
The 2018 ground magnetic survey covered the known oxide, the oxide extension, and the sulfide target zones. Two magnetic lows were interpreted from the data and a distinct association was observed between the magnetic lows and high copper values in historic drilling, surface geochemical sampling, and the historic underground copper mine at Majuba.
High-grade copper values reported from the 2020 Bam Bam drilling program (July 17, 2020 and October 5, 2020) are along the southern edge of the eastern magnetic low. Porphyry-style pyrite, pyrrhotite, chalcopyrite, and arsenopyrite associated with quartz-sericite-pyrite (phyllic) and possible potassic alteration was logged in the recent deep core holes and is highly correlative with the 2018 survey. The detailed magnetic geophysical information from the drone survey will provide guidance for expanding the mineralization at Majuba Hill.
David Greenway, President & CEO, commented: “The porphyry copper fingerprint we are seeing in the geophysical data is very encouraging. I am pleased that we can get the field crews on the project and advance this phase of our 2021 exploration program. Majuba is emerging as a large-scale copper project and working in a safe jurisdiction like Nevada allows Bam Bam to be very effective with our exploration dollars.”
About Majuba Hill Property
The 2018 ground magnetic survey covered the known oxide, the oxide extension, and the sulfide target zones. Two magnetic lows were interpreted from the data and a distinct association was observed between the magnetic lows and high copper values in historic drilling, surface geochemical sampling, and the historic underground copper mine at Majuba.
High-grade copper values reported from the 2020 Bam Bam drilling program (July 17, 2020 and October 5, 2020) are along the southern edge of the eastern magnetic low. Porphyry-style pyrite, pyrrhotite, chalcopyrite, and arsenopyrite associated with quartz-sericite-pyrite (phyllic) and possible potassic alteration was logged in the recent deep core holes and is highly correlative with the 2018 survey. The detailed magnetic geophysical information from the drone survey will provide guidance for expanding the mineralization at Majuba Hill.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
About Bam Bam Resources Corp.
Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold project located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions and government regulations supportive of mining operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Bam Bam Resources Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: jw@bambamresources.com
P: 1 (855) 475-0745
Forward-Looking Statements
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Bam Bam Resources Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Bam Bam Resources Corp. management on the date the statements are made. Except as required by law, Bam Bam Resources Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.