Larry Segerstrom joins Bam Bam Advisory Board and Completes review of Majuba Hill, Nevada Porphyry Copper Project
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Press Release February 12, 2021
Larry Segerstrom joins Bam Bam Advisory
Board and Completes review of Majuba
Hill, Nevada Porphyry Copper Project
VANCOUVER, BC — February 12, 2021 — Bam Bam Resources Corp. (CSE: BBR /
OTC: NPEZF / FSE: 4NPB) (“Bam Bam” or the “Company”) is pleased to announce
that Larry Segerstrom has agreed to join the Company’s Advisory Board. Following
a week-long detailed field, core, and detailed data review, Mr. Segerstrom was very
encouraged by the strong porphyry signature shown by the Majuba Hill Project.
David Greenway, President & CEO, commented: “I am pleased that we are able to
attract a geologist with Larry’s talent and porphyry copper background. His review of
the core from our 2020 drilling provided immediate insight and confirmation for our
staged exploration program at Majuba. It is extremely rewarding to have another
accomplished professional on the Bam Bam team. I expect that Larry’s experience
will bring an important element to understanding the extensive data we have
compiled at Majuba. Our team in Nevada will be able to utilize his knowledge and
background as they push forward with the 2021 exploration program at Majuba Hill.”
Mr. Segerstrom is a senior mining professional with 37 years of technical, operational,
and business experience, including exploration, mine geology and operations. His
past positions include COO of Paramount Gold and Silver Corp. and Manager of
Geology of the Grasberg Mining District for Freeport -McMoRan. Mr. Segerstrom has
been involved in several discoveries, including leading the teams that discovered and
developed new resources of more than 750,000 ounces of gold and 60 million ounces
of silver with Paramount, and new ore reserves totaling 3.4 billion pounds of copper
and 3.6 million ounces of gold with Freeport.
He holds a M.Sc. in Economic Geology from the University of Arizona, a M.B.A. in
Global Management, and is a Qualified Person as defined by National Instrument 43-
101 ("NI 43-101”).
2020 Exploration Update
During 2020, Bam Bam drilled 8,706 feet (2654 m) in 5 core and 4 reverse circulation
(“RC”) holes. The 2020 exploration was a staged program applying all available
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drilling, geochemistry, and geophysical data to the copper porphyry mineralization at
Majuba. The 2020 program was able to:
1. Expand and enlarge the known copper oxide zone; and
2. Expand and extend the hypogene sulfide copper mineralization.
A National Instrument 43 -101 Technical Report was initiated in 2020 to provide a
regulatorily compliant document and initial resource for Majuba. The report will be
completed early in Q2 pending receipt of all 2020 assay results.
The project and core review by Mr. Segerstrom highlighted s ignificant enrichment
beneath the historic production workings. Native copper noted in MHB-9 (BBR news
November 23, 2020) and chalcocite observed in historic drill core pointed to the
potential for supergene mineralization extending from the surface to over 900 vertical
feet beneath outcropping copper mineralization drilled in MHB-2.
The 2020 exploration plan was designed so that each stage built on success. Results
for each stage of the 2020 program are very encouraging:
• Core holes MHB -1 and MHB -2 in the known copper oxide zone intersected
significant outcropping copper and silver starting at the surface.
• Extensive copper intersections in RC holes MHB-3, 4, 5, and 6 extended the
oxide copper mineralization, expanding it eastward and deeper.
• Deep core holes MHB-7, 8, and 9 stepped out from the newly discovered oxide
copper zone extension , and intersected hypogene and supergene sulfide
copper below the oxide zone.
The table below provides a list of significant copper intercepts.
Hole Interval
Feet
Length
Weighted
Copper %
Length
Weighted
Silver g/t
From
Feet
To
Feet
Interval
Meters
From
Meters
To
Meters
MHB-1 74 0.35 10.2 210 284 22.6 64 86.6
MHB-2 146 1.41 97.6 0 146 44.5 0 44.5
MHB-3 120 0.21 9.0 180 300 36.5 54.9 91.4
155 0.68 28.2 425 580 47.2 129.5 176.7
MHB-4 10 0.21 6.9 230 240 3.1 70.1 73.2
45 0.45 8.2 775 820 13.7 236.2 249.9
MHB-5 310 0.29 10.2 445 755 94.5 135.6 230.1
15 0.34 11 785 800 4.6 239.2 243.8
MHB-6 40 0.11 8.2 345 385 12.1 105.2 117.3
145 0.11 14.7 410 555 44.2 125.0 169.2
50 0.19 12.3 615 665 15.2 187.5 202.7
50 0.72 19.8 750 800 15.2 228.6 243.8
All intervals are drill length; true width of mineralization is not yet known.
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The culmination of the 2020 Bam Bam drilling was the deep core program which
intersected extensive porphyry alteration with chalcopyrite, chalcocite, and bornite
associated with widespread pyrite, arsenopyrite, and pyrrhotite. Three deep holes
were drilled for a total of 4920 feet (1499.6 meters). Core has been submitted to ALS
Minerals and assay results will be reported pending their receipt.
Hole Azimuth Inclination Length (ft) Length (m)
MHB-7 0 -90 1473 449.0
MHB-8 125 -70 1635 498.3
MHB-9 315 -45 1812 552.3
The intrusive and extensive alteration intersected from top to bottom in holes MHB -
8 and MHB-9 indicates the footprint of the Majuba Hill porphyry system is a minimum
of 3,000-5,000 feet (1-1.5 km) across. When the visual observations of the porphyry
alteration and sulfides from the deep Bam Bam core is combined with deep IP
geophysics and soil geochemistry two new mineralized centers are apparent.
About Majuba Hill Property
Majuba Hill is a large contiguous land position controlling the emerging Majuba Hill
Copper District , located northeast of Reno, Nevada . The project is comprised of
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extensive mineral and surface rights held by private ownership, patented mining
claims, and Federal Lode Mining claims that are 100% controlled by Bam Bam
Resources Corp.
The property is easily accessed via 23 miles of well -maintained dirt ro ads leading
from U.S. Interstate 80. Reno and Elko are the major supply centers for exploration
and mining activities in Nevada. The existing highways are sufficient for
transportation of exploration-size heavy equipment. Development logistics would use
the 4 lane Interstate 80 highway, Union Pacific railroad tracks and adjacent power,
natural gas, and fiber optic transmission lines in the rail – highway corridor.
Mining is a common occupation in the area with several small to world class mines
operating in the Winnemucca – Lovelock area over the past several decades. A well-
trained and experienced mining workforce pool is available in Nevada when labor and
expertise are required.
The excellent location of Bam Bam’s Majuba Hill property , with already existing
mining friendly infrastructure, will significantly reduce costs for exploration programs
and future mining activities.
Qualified Persons
The scientific and te chnical 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 program s 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
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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
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 b ased 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.
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