VANCOUVER, BC—April 27, 2020— Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPA) (“Bam Bam” or the “Company”) is pleased to announce that, after reassessment of historic drilling and exploration, the geological team at Majuba Hill are pleased to report that they have outlined three gold zones associated with the Majuba Hill copper (gold) porphyry project in Pershing County, Nevada. The ongoing, historical data review highlighted significant gold values associated with the copper in historic drill holes, surface rock chips, and soil sampling. This data suggests that Majuba Hill is best classified as a copper-gold porphyry.
Mr. David Greenway, CEO, reports: “This is an amazing development for our Majuba Hill Copper Project. The reassessment of historic results and our improved understanding of the data is good news for Bam Bam. Once we understood that, prior to Heap Leach in Nevada, gold grades were ignored in “copper” plays, we went in and had another look. Our shock was in the complete discounting of gold intercepts and we are madly working to re-incorporate those numbers and, more importantly, coordinate them with our drill program. Gold in copper porphyry projects can add value quickly. Majuba Hill is an exciting opportunity during these times of improving copper sentiment and we are pleased to be able to incorporate the historic gold results.”
Historic exploration includes drilling, surface rock chip sampling and surface soil sampling assay results that also contain gold assays:
- Gold in historic drill assay results were significant in 14 of the 37 holes drilled
- Historic rock chip sampling (163 samples) returned 10.15 to <0.005 g/t gold
- Historic soil sampling (994 samples) returned 0.425 to <0.005 g/t gold
Three gold zones are outlined based on the historic data. The gold zone in the main target area overlaps with the oxide copper target zone that will be drilled in the upcoming program.
The highest gold grades were reported in historic drill hole MH-11 with 5 ft @6.44 g/t Au from 155 to 160 feet and 15 ft @3.173 g/t Au from 585 to 500 feet.
Holes MM-06 and MM-07 contain gold overlapping with significant copper reported earlier (BBR NR-March 25, 2020).
- MM-05: 89.2 m @ 0.27% Cu from 0 to 89.2 m
- MM-06: 47.4 m at 1.06% Cu from 0 to 47.4 m
- MH-7: 97.5 m at 0.33% Cu from 25.9 to 123.4 m
- MG1703: 20.4 m at 0.71% Cu from 102.9 to 123.3 m
- MMX-24: 112.8 m at 0.45% Cu from 222.5 to 335.3
Majuba Hill drilling plans and logistics for the core drilling portion of the upcoming program are in place. Pad site and road access construction is complete. The hole sites are located on the private, patented mining claims. Harris Exploration Drilling & Associate, Inc. has been engaged to drill two core holes. Bam Bam field personnel and contractors will use operational health and safety protocols consistent with ensuring the health and safety of its people and the local community.
The Company intends to complete the drilling and initiate a National Instrument 43-101 Technical peport on the project which will further delineate the next steps to be taken by the Company and advance the project.
Further, the Company has issued 1,890,000 incentive stock options at a strike price of $0.07 per share to consultants of the Company. The options are valid for a one-year term and are governed by the terms of the Company’s stock option plan.
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. With its flagship project being Majuba Hill copper 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.
On Behalf of the Board of Bam Bam Resources Corp.
President & CEO
For further information, please contact:
P: (604) 318-0114