Bam Bam Deep Core Advances Porphyry Concept at Majuba Hill Nevada Project
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Press Release December 23, 2020
Bam Bam Deep Core Advances Porphyry
Concept at Majuba Hill Nevada Project
VANCOUVER, BC — December 23, 2020 — Bam Bam Resources Corp. (CSE: BBR /
OTC: NPEZF / FSE: 4NP B) (“Bam Bam” or the “Company”) is pleased to provide
an update for the Majuba Hill Project in Pershing County Nevada. Core logging,
sawing, and sampling for the Phase 2 deep sulfide program is in progress and 2591
feet (790 meters) have been submitted to ALS for analysis. The remaining 2329 feet
(709.6 meters) is expected to be submitted by years’ end.
On-site, “quick-logging” was very encouraging and native copper was observed in
the oxide zone intersected in hole MHB-9, as reported on November 23, 2020
MHB-9:980 ft (298.6 meters) Native
Copper
MHB-9:986 ft (300.5 m) Copper on
Fractures
Detailed logging of the sulfide zones intersected below the oxide in MHB-7 and 8 ,
found up to 40% sulfides in intervals comprised of pyrite, pyrrhotite, chalcopyrite,
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and arsenopyrite. In MHB-8 phyllic alteration has variable amounts sericite and silica
in intervals ranging from 80 to 400 feet (24.4-122 meters). The dominant sulfide
through these intervals includes pyrite, and/or pyrrhotite and/or chalcopyrite. Calcite
veining (+/- sericite, +/- gypsum/anhydrite) appears to be a late stage event . It
occurs as veins and stockwork -veins. Several zones have chalcopyrite selvages.
Intense silicification is prominent below 1200 feet (365.8 meters) with extensive
multi-stage, quartz/tourmaline sulfide veins and stockwork.
MHB-8 was sited to test a high- chargeability anomaly identified from the historic
2007 IP-Resistivity survey carried out by Zonge International . Work completed by
BBR prior to drilling, added additional in-fill lines using the same 300 meter dipole -
dipole spacing. Sulfides were intersected at approximately 500 feet (152.4 meters)
in hole MHB-8 and correlated very well with the high-sulfide chargeability zone
interpreted from the IP data. The IP section for line 1 (2007) is rotated into the plane
of the image as shown on the drill hole map. Due to drilling logistics MHB-8 was cut
off at 1473 feet. The hole did not completely penetrate the IP chargeability high.
Drill Hole Map Showing IP Chargeability Section Line 1 in plane of Map
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MHB-8: 694 feet (211.5 meters) Chalcopyrite, arsenopyrite, pyrite. Approximately
40% total sulfides.
MHB-8: 993-1003 feet (302.6-305.7 meters) Pyrite and pyrrhotite stockwork
veining with cross-cutting silica-tourmaline veins and stockwork.
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MHB-8: 1459 feet (444.7 meters)
Chalcopyrite vein in magmatic
intrusive-felsite breccia.
MHB-8: 1618 feet (493 meters)
Fluidized hydrothermal breccia with
large felsite fragments containing
disseminated pyrrhotite.
MHB-7: 849.5 feet (258 meters) Molybdenum selvages on quartz/tourmaline vein.
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In addition to the widespread occurrence of pyrite, pyrrhotite, chalcopyrite, and
arsenopyrite as disseminations, stockworks, and cross -cutting veins, a
quartz/tourmaline/molybdenum vein event has been observed in the core. Although
it does not have the widespread distribution noted for the main sulfide types , the
consistent presence in holes MHB-7 and MHB-9 plus the proximity to chalcopyrite in
MHB-7 is very encouraging for the porphyry potential of the Majuba Hill Project.
MHB-7: 900 feet (274.3 meters) Chalcopyrite in quartz/tourmaline vein
David Greenway, President & CEO, commented: “I am looking forward to getting the
assay results from the deep core drilling. When all the results are in from the 2020
drilling we expect a solid maiden resource from the new NI43-101 report.”
Expanded Property-Exploration Update
The tremendous interest in Nevada as a safe jurisdiction has slowed several aspects
of the expanded exploration program at the Majuba Hill Project. In particular,
turnaround times for ALS Minerals are longer than normal. Geophysical survey crews
and soil geochemical crews also require longer lead times.
Bam Bam is pleased to report that the samples from the soil program completed on
the privately held section 35 land are progressing through the ALS Minerals backlog
and results are expected in early mid-January 2021.
The company is also very pleased to note that the expanded, drone-based Magnetic
Survey is now firmly scheduled to be done in the first part of January 2021. Due to
the extensive volume of sulfides in the Phase 2 deep sulfide holes the company has
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laid out an expanded deep IP program and is in the queue with Zonge to be able to
complete this work as soon as possible in 2021.
Assay results from the deep core drilling are expected to be complete before the end
of the first quarter of 2021.
Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody
The Company has implemented a QA/QC program using best industry practices at
the Majuba Hill Project. Drill core is delivered by the company consulting geologist to
the secure warehouse facility in Elko, Nevada. Drill core samples are sawn in half
lengthwise and one half is placed in labeled cloth sample bags. The samples are then
transported directly to the ALS Sample Prep Facility in Elko, Nevada. ALS then
transports the prepared pulps to their analytical lab in Reno, Nevada or Vancouver,
B.C. All samples are analyzed for copper, gold, silver, and 31 other elements. Gold is
determined by ALS method Au-AA23 which is a fire assay with an AAS finish on a 30
gram split. Copper, silver and the remaining 31 elements are determined by ALS
method ME-ICP61 which is a four acid digestion and ICP -AES assay. Approximately
5% of the submitted samples are copper- gold-porphyry commercial standard
reference material pulps and core duplic ates, which are inserted in the analytical
sample sequence. The sample rejects and remaining pulps will be retrieved from ALS.
About Majuba Hill Property
The Majuba Hill Property is a large contiguous land position 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 property is easily accessed via 23 miles of well -maintained dirt roads leading
from U.S. Interstate 80.
Qualified Persons
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/gold assets.
The flagship project is the 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.
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:
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.