Bam Bam Announces New Sulfide Deposit at Majuba Hill Indicated From Drill Assays
1
Press Release May 14, 2021
Bam Bam Announces New Sulfide
Deposit at Majuba Hill Indicated From
Drill Assays
VANCOUVER, BC — May 14, 2021 — Bam Bam Resources Corp. (CSE: BBR / OTC:
NPEZF / FSE: 4NPB) (“Bam Bam” or the “Company”) is pleased to announce the
very encouraging results from the core drill holes MHB-7, MHB-8, and MHB-9 drilled
at the 100% owned Majuba Hill property located in the Majuba Hill District, Pershing
County, Nevada. The Resource Estimation for the large Copper Oxide and Enrichment
Zone in the upper part of the Majuba porphyry system is in-progress and will be
reported in a NI43-101 update when completed. Porphyry copper and supergene
characteristics noted in MHB-7 and MHB-9 drill holes provide good geologic controls
for quantifying the higher-grade, enriched zones within the known oxide
mineralization.
Drill hole MHB-8 stepped out 1700 feet (518 meter s) south from the
oxide/enrichment zone to test a deep Induced Polarization (IP) chargeability high.
The 1635 foot (498.4 m) long hole intersected over 1200 feet (366 m) of chalcopyrite
in veins, stockworks, and disseminated with tourmaline, below the zone of oxidation
and enrichment.
2
Copper and silver in this chalcopyrite-sulfide zone included:
- 65 feet/19.8 meters of 0.35% Copper (Cu) and 13.9 grams/ton (g/t) Silver
(Ag) for a Copper Equivalent of 0.49% Copper (Cu) from 865 to 930 feet
(263.7-283.5 m) with 5 feet/1.5 meters of 1.22% Copper (Cu) and 53.1 g/t
Silver (Ag)
The broader interval of copper and silver returned:
- 470 feet/143.2 meters of 0.1% Copper (Cu) and 4.04 g/t Silver (Ag) for a
Copper Equivalent of 0.14% Copper (Cu) from 830 to 1300 feet/253.0-396.2
meters
David Greenway , President and CEO of Bam Bam, commented: “It is extremely
exciting to get drill results showing the thick zones of porphyry copper mineralization
in the deep sulfide zone that further indicates the potential for a large sulfide copper
deposit below the known oxide . The advancement and identification of the
outcropping, supergene copper enrichment zones in the oxide mineralization points
out why Majuba Hill will be an important copper district for many years. I am looking
forward to the completion of our first compliant resource calculation. It’s going to be
3
exciting to take all of Bam Bam’s drill data as well as the historic drill data and apply
this data against the results of the D eep Induced Polarization Survey being
undertaken, as well as the results of our Drone Magnetic Survey.”
Supergene Copper Enrichment
Drill hole MHB-9 (1812 ft/552.3m) was drilled at -45° to the Northwest. As shown on
the cross section, MHB-9 was drilled below the copper zones mined from the historic
Middle Adit at Majuba Hill and above the high-grades drilled in historic core hole DDH-
8 that intersected 420 feet (128.0 m) of 0.28% Cu from 240-660 feet (73.2-201.2
meters). MHB-9 demonstrates good continuity across a 980 foot (300 meter) zone
extending from outcropping, high-grade copper in core hole MHB-2 which intersected
43 feet (from 91 - 134 feet) of 4.0% Cu and 204.4 g/t Ag down to the deep copper
mineralization in DDH-8.
MHB-9 intersected a zone of sporadic native copper that occurs as fracture coatings,
stockwork, and as disseminations from 942 to 1061 feet (287.1 -323.4 m). The native
copper metal indicates that MHB-9 may have cut the supergene enriched/oxi dized
zone drilled by historic drill hole DDH-8, which was collared at the historic Lower
Production Adit.
Historic assay records show DDH-8 intersected:
4
- 420 feet (128.0 m) of 0.28% Cu from 240-660 feet (73.2-201.2 m).
The logging describes cuprite from core that returned:
- 5 feet (1.5 m) of 2.87% Cu from 413-418 feet (125.9-127.4 m).
In MHB-9 the zone of native copper includes 34 feet (10.4 m) of 0.31% Cu and 1.9
g/t Ag for a Copper Equivalent of 0.33% Cu from 977 feet to 1011 feet (297.7-308.1
m)
Hole MHB-7 was highly leached. The only significant copper and silver values (noted
in the table below) occur with narrow chalcopyrite veins. Molybdenum was also noted
in MHB-7 on thin molybdenum-quartz veins and as rims on breccia fragment. This
hole intersected a long, interval of Auld Lang Syne (ALS) metasedimentary roof
pendant rocks.
The drilling and geologic compilation indicate that the MHB-7 ALS roof pendant is
fault-bound, and these faults are important for localizing the extensive supergene
mineralized blocks. Faults mapped on the surface and underground provide distinct
controls that correspond to the high-grade, outcropping supergene copper drilled in
MHB-2 that intersected 43 feet (91 - 134 feet) of 4.0% Cu and 204.4 g/t Ag and was
mined in the historic underground mine.
These faults are bounding broad corridors that have 800 to 1000 feet (243.8-304.8
m) of vertical extent which are important for the zone of supergene mineralization.
Ongoing thin section analysis of the surface and drill core at Majuba Hill suggests that
two zones of enrichment can be distinguished. Chalcocite with associated copper
carbonates and oxides are prominent starting on the surface and extending
downward 300 ft to 500 feet (91 -152.4 m). Below 500 feet the chalcocite is
commonly found with chalcopyrite and pyrite. However, a deeper zone
oxide/enriched copper, including native cooper, is found about 900 feet (274 meters)
below the surface indicates the possibility of two supergene enrichment events in the
Majuba Hill District.
Three dimensional supergene enrichment shapes have been outlined and
incorporated into the model for the maiden resource calculation that is currently
underway.
Significant Drill Intervals
The three core holes drilled a total of 4920 feet (1499.6 meters).
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
5
Following are the significant intervals for MHB-7, MHB-8, and MHB-9.
Drill
Hole
Interval
feet
(Note 1)
From feet To feet Interval
meters
From
meters
To
meters Cu% Ag
g/t
Cu/Ag Cu%
equivalent
(Note 2)
MHB-7 5.0 581 586 1.6 177.0 178.6 0.11 5.50 0.16
2.0 973 975 0.6 296.6 297.2 0.21 9.30 0.30
5.0 1418 1423 1.5 432.2 433.7 0.11 3.90 0.15
MHB-8 5.0 208 213 1.5 63.4 64.9 0.78 42.60 1.19
15.0 545 560 4.6 166.1 170.7 0.17 6.10 0.23
10.0 690 700 3.0 210.3 213.3 0.12 4.60 0.16
20.0 745 765 6.1 227.1 233.2 0.14 5.60 0.19
235.0 830 1065 71.6 253.0 324.6 0.18 7.10 0.25
30.0 830 860 9.1 253.0 262.1 0.11 4.20 0.15
65.0 865 930 19.8 263.7 283.5 0.35 13.90 0.49
5.0 875 880 1.5 266.7 268.2 1.22 53.10 1.74
45.0 935 980 13.7 285.0 298.7 0.17 7.50 0.24
25.0 995 1020 7.6 303.3 310.9 0.15 6.00 0.21
30.0 1035 1065 9.1 315.5 324.6 0.11 4.20 0.15
10.0 1240 1250 3.0 378.0 381.0 0.10 4.00 0.14
10.0 1290 1300 3.0 393.2 396.2 0.10 3.10 0.13
10.0 1559 1569 3.0 475.2 478.2 0.13 3.90 0.17
MHB-9 52.0 636 688 15.9 193.8 209.7 0.11 22.10 0.32
25.0 856 881 7.6 260.9 268.5 0.10 0.60 0.11
35.0 898 933 17.4 273.7 291.1 0.18 2.70 0.21
34.0 977 1011 10.4 297.7 308.1 0.31 1.90 0.33
24.0 1349 1373 7.3 411.2 418.5 0.18 4.60 0.22
Note 1: Intervals are length-weighted and calculated using a 0.05% Cu cutoff; interval can include no
more than 2 intervals <0.05% Cu. Drill density is not yet sufficient to determine the true width of
mineralization.
Note 2: Cu% equivalent is calculated using USD$3/pound copper and USD$20/ounce silver.
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).
6
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 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 scientifi c 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 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”
7
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", "anticipat es", "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-l ooking 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.
###