Drone Magnetic Survey Outlines Large Intrusive Complex at Majuba Hill Porphyry District
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Press Release May 12, 2021
Drone Magnetic Survey Outlines Large
Intrusive Complex at Majuba Hill
Porphyry District
VANCOUVER, BC — May 12, 2021 — Bam Bam Resources Corp. (CSE: BBR / OTC:
NPEZF / FSE: 4NPB) (“Bam Bam” or the “Company”) is pleased to announce that
a property-wide, 322 line -km drone magnetic survey was completed by Zonge
International, Inc. at the Majuba Hill Porphyry Copper Project in Pershing County,
Nevada. James Wright provided advice, project oversight, and interpretation for
the program.
The 2020 drone results were merged with the 2018 ground magnetic survey.
Wright commented: “… the extended coverage reveals an intriguing extension of
the intrusions magnetic signature.” The combined magnetic survey shows that the
Tertiary Intrusive Assemblage at Majuba Hill is at least 2.5 times larger than the
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geologic mapping indicated. The much larger extent shown by the positive magnetic
response is consistent with the 2020 drilling and exploration by Bam Bam (NR
December 23, 2020 and February 23, 2021).
The 2021 drone survey collected 196,532 readings on east-west lines spaced 150
meters apart. Flight elevations were at an average magnetometer elevation of 43.0
meters above the ground, providing the opportunity to merge the drone results
with the 2018 ground magnetic survey covering the central portion of the property.
David Greenway, President and CEO of Bam Bam , commented: “The size of the
Tertiary I ntrusive is extremely encouraging . W e recognized that Majuba Hill had
characteristics showing the scale of the intrusive was much larger than was
historically known. The wi despread copper and the extensive copper-porphyry
indicators all gave me confidence as we proceeded with our staged-exploration
program. The drone magnetic results confirm our expectations. It is incredibly
positive for Bam Bam to be able to operate in a T ier 1 jurisdiction and get these
positive results.”
Magnetic Interpretation
This large Mag IP footprint means that most of the exploration data is far inside the
margins of the Tertiary Intrusive and the Majuba Hill Intrusive Complex.
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Wright’s 2021 report provides a qualitative magnetic interpretation defining a large,
prominent intrusive complex , which is centered on the company’s Majuba Hill
Property. By utilizing the total magnetic intensity (TMI) data, reduced to pole (RTP)
data, and reduced to pole -residual (RTP -RES) data he has outlined the large
footprint encompassing the copper-bearing portions of the Majuba Hill Tertiary
Intrusive Assemblage.
The large Majuba Hill I ntrusive Complex can be subdivided into thre e zones which
appear to be part of a continuum related to a large magma-chamber below.
1. The “Ti1” zone has a distinct, positive magnetic signature. 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 drilled within the Ti1 zone.
2. The “Ti2” zone forms a more subdued response within Ti1 that is likely
related to silica alteration which has been attributed to a phyllic alteration
zone that outcrops on the top of Majuba Mountain.
3. The “KTi” zone consists primarily of the surrounding granitic intrusive rocks
with a remanent magnetic signature . The remanent signature is distinctly
different from the regional granite intrusive units.
Peripheral dikes, and faults have distinct orientations with some of the zones also
showing a remanent magnetic signature.
Correlation of Drilling Results
Bam Bam is currently exploring t he known Oxide Mineralization, Majuba Extension,
and Sulfide Zones. They lay w ell within the Ti1 magnetic zone. Drone mag results
indicate that these zones are much larger than the C ompany had envisioned.
Recent and historic drilling has been limited to a small portion of the Ti1 zone .
Historic underground mining and drilling outlined the known oxide copper and silver
mineralization along the southern margin of the Ti2 zone at Majuba Hill. Within the
known oxide and extension zone Bam Bam drilled hole MHB-2, which returned:
146 feet (44.5m) of 1.41% Cu and 97.6 ppm Ag from 0 to 146 feet (0-44.5m)
Bam Bam RC drill holes MHB-3, 4, 5 and 6 results give strong evidence that the
known Oxide Mineralization and Extension Zone is a single zone with good
economic potential. Modeling of the oxide copper and zones of secondary
enrichment is currently in-progress for an NI43-101 update. This zone occurs along
the southern margin of the Ti2 magnetic zone. Over 70% of the margin of the Ti2
zone is untested.
Correlation of Geochemistry Results
Soil geochemical grids do not yet completely cover the Ti1 zone.
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The Ti1 zone covers approximately 2 square miles (5 sq km) . It contains all the
historically reported copper mining and the majority of the silver mining. This zone
also includes several large, multi-sample, continuous, greater than 100 ppm copper
in soil anomalies.
The Ti1 zone also contains s everal large, multi-sample, continuous, greater than 1
g/t silver in soil anomalies.
Over 1 g/t silver is also associated with dike/fault zones cutting the Ti1 intrusive
assemblage. Multi-sample, continuous, greater than 1 g/t silver soil anomalies are
also coincident with 50 -100 ppm copper, anomalous gold, anomalous zinc, and
anomalous molybdenum on dike/fault zones up to 2 miles (3.2 km) from the center
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of the Majuba Hill I ntrusive Complex (Bam Bam News Release dated February 23,
2021).
Additional soil sampling, rock geochemical sampling, and SWIR sampling is planned
during 2021.
Correlation of Drilling Results Induced Polarization (IP)
Chargeability results from the 2018 Deep IP completed by Bam Bam revealed
several deep chargeability anomalies. Core hole MHB -8 drilled into the
chargeability anomaly and is associated with Line 1. As reported by Wright for the
drone magnetic data, the sulfides in MHB -8 are consistent with the chargeability
anomaly. Line 5 IP chargebility is shown in cross section over the intrusive
complex. A large chargeability anomaly is apparent in the contact zones around Ti1
and KTi. The IP anomaly is proximal to the soil geochemical anomalies.
Additional IP is planned for 2021 to expand these zones.
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 “Majuba Hill District” is
comprised of 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 land package is approximately 15.1 square miles
(39.2 square km)/9,678 acres (3,917ha).
The property is easily accessed by 23 miles of well -maintained roads 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
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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 District, with already existing
mining friendly infrastructure, will significantly reduce costs for exploration
programs and future mining activities.
Qualified Person
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 District, located 156
miles outside Reno, Nevada, USA . Management has been mandated to focus on
safe, mining friendly jurisdictions where government regulations are 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
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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. Altho ugh 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.
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