VANCOUVER, BC—March 2, 2020— Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPA) (“Bam Bam” or the “Company”) would like to update shareholders on recent events and the Company’s overall corporate direction.
Initially, the Company announced that new management and the Board of Directors had unanimously agreed to focus overall corporate direction on latter stage copper and copper/gold assets, preferably containing silver of grades similar to the 2 ounces per ton indicated at Majuba Hill. Management was mandated to focus on projects located in safe, mining friendly jurisdictions where government regulation is supportive of mining operations.
A complete reassessment and reinterpretation of the Majuba Hill asset by the Company’s advisory team revealed some historic assumptions and assessments which no longer made sense. Management and the Board of Directors instructed the team to focus on Majuba Hill as it had the potential to be an asset with a great deal of exploration potential.
David Greenway, President & CEO, states:
“Global copper prices are at a level whereby we feel acquisitions and development of world class copper and copper/gold assets is paramount to shareholder appreciation! The Board, management and our strategic advisors continue to agree that global undersupply of copper will become obvious to investors through 2022 and continue to appreciate the underlying asset through 2027. The Board and I passionately believe that Majuba Hill will prove to be an asset that shareholders will brag about! The data to date indicates a far larger potential asset and our acquisition of the surrounding lands will ensure that only Bam Bam shareholders realize the success of our exploration programs.”
In July of 2019 the Company announced the acquisition of 35 new claims – Section 10, T32N/R31E. This brought the total land package to 4,821 acres, which included:
• 35 new unpatented lode mining claims; and
• 623 acres added to the southwest portion of the Majuba Hill Project.
Mr. Greenway continues:
“With all the buzz and our recent financing announcement, I thought it important to keep shareholders up to date. I will put out more updates as we move into a very busy exploration season.”
About Bam Bam Resources Corp.
Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPA) is engaged in the identification, review and acquisition of latter stage copper and copper/gold assets. Management has been mandated to focus on safe, mining friendly jurisdictions and government regulations supportive of mining operations. On Behalf of the Board of Bam Bam Resources Corp.
On Behalf of the Board of Bam Bam Resources Corp.
“David Greenway” President & CEO
Corporate Office
310-221 West Esplanade North Vancouver, BC V7M 3J3
For further information, please contact:
E: dg@bambamresources.com
P: (604) 318-0114