Bam Bam Drilling Expands Oxide Copper, Gold and Silver Zones at Majuba Hill
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Press Release October 5, 2020
Bam Bam Drilling Expands Oxide Copper,
Gold and Silver Zones at Majuba Hill
VANCOUVER, BC — October 5, 2020 — Bam Bam Resources Corp. (CSE: BBR / OTC:
NPEZF / FSE: 4NP B) (“Bam Bam” or the “Company ”) is pleased to report that
results from the 2020 Reverse Circulation (“RC”) drill program for drill holes MHB-3,
MHB-4, MHB-5 and MHB-6 at the flagship Majuba Hill Nevada Property have returned
significant copper, silver, and gold values. The RC holes were drilled to extend the
known oxide copper mineralization that occurs around the historic underground
workings.
When combined with previously reported Bam Bam drill results and the historic
drilling, these new copper, silver, and gold assays indicate a new Oxide Discovery
Zone and a new Sulfide Discovery Zone.
Results include:
• MHB-3: 155 feet @ 0.68% Cu and 28.9 ppm Ag from 425 to 580 feet (47.2
meters/129.5 to 176.7).
• MHB-4: 45 feet @ 0.45% Cu and 8.2 ppm Ag from 775-820 feet (13.7
meters/236.2-249.9). Additionally, MHB-4 intersected 220 feet @ 0.34 ppm
Au from 600 to 820 feet (67.06 meters/182.9-249.4). This hole ended in
azurite and malachite oxide copper mineralization with the last interval
containing 5 feet @ 0 .79% Cu from 815 -820 feet (1.5 meters/ 248.4 to
249.9).
• MHB-5: 310 feet @ 0.29% Cu and 10 ppm Ag from 445 to 755 feet (94.5
meters/135.6-230.1). Additionally, it had 20 feet @ 0.33 ppm Au from 540
to 560 feet (6.10 meters/164.6-170.7).
• MHB-6: 50 feet @ 0.72% Cu and 19.8 ppm Ag from 750 to 800 feet (15.2
meters/228.6-243.8). This mineralization is in sulfide and the hole ended in
20 feet @ 1.31 % Cu from 780-800 feet (6.1 meters/237.74-243.84).
David Greenway, President & CEO, commented: “I am excited about these results.
These holes stepped out a long way to the east and show the continuity of copper
and silver mineralization across a width of over 90 0 meters. I am pleased that we
are seeing the gold assay results showing the important gold endowment at Majuba.
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Because the mineralization outcrops and the drilled mineralization width is still open
to the east and west, I believe Majuba is well on the way to becoming an important
copper, silver, and gold porphyry discovery.”
All intervals are drill length; true width of mineralization is not yet known. The table
below provides a list of all significant copper intercepts.
Hole Interval
Feet
Length Weighted
Average Cu%
From
Feet
To
Feet
Interval
Meters
From
Meters
To
Meters
MHB-3 15 0.09 125 140 4.6 38.1 42.7
MHB-3 120 0.21 180 300 36.5 54.9 91.4
MHB-3 155 0.68 425 580 47.2 129.5 176.7
MHB-4 10 0.21 230 240 3.1 70.1 73.2
MHB-4 10 0.10 550 560 3.1 167.6 170.7
MHB-4 10 0.10 665 675 3.1 202.7 205.7
MHB-4 45 0.45 775 820 13.7 236.2 249.9
MHB-5 310 0.29 445 755 94.5 135.6 230.1
MHB-5 15 0.34 785 800 4.6 239.2 243.8
MHB-6 20 0.07 75 95 6.1 22.9 29.0
MHB-6 40 0.11 345 385 12.1 105.2 117.3
MHB-6 145 0.11 410 555 44.2 125.0 169.2
MHB-6 50 0.19 615 665 15.2 187.5 202.7
MHB-6 50 0.72 750 800 15.2 228.6 243.8
Porphyry Setting Enhanced by RC Results
The RC drill program was designed to extend the known oxide mineralization
eastward into the Majuba Extension Zone. MHB-3 is the easternmost stepout located
over 1200 feet (366 meters) east of the Known Oxide Copper Mineralization Zone.
MHB-3 was placed to drill topographically above historic hole MG1703 , which had
intersected good grades of oxide copper.
Other historic drill holes were collared at sites that are 500 to 800 feet below the
crest of the Ridge and 50 to 800 feet below copper oxide zones unearthed during drill
site access-road construction.
These historic core holes had multiple intervals of oxide and sulfide copper including:
• MG1703 with 66.9 feet @ 0.71% Cu and 28.9 ppm Ag from 337.7 - 404.6 feet
(20.4 meters/102.9-123.3)
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• MM-21 with 220 feet @ 0.27 % Cu and 14.3 ppm Ag from 795 - 1015 feet
(67.1 meters/242.3-309.4)
• MMX-24 with 337 feet @ 0.52% Cu and 12.73 ppm Ag from 730 - 1025 feet
(89.9 meters/222.5-312.4)
The copper, silver, and gold mineralization occur in three of the five major intrusive
assemblages at Majuba:
• Early Rhyolite-Pinhead Assemblage
• Felsite Assemblage
• Late Rhyolite Porphyry Assemblage
Copper oxide with gold and silver mineralization at the surface is within the quartz-
sericite-pyrite (“QSP”) zone. Surface geologic mapping and relogging of historic core
holes has outlined typical porphyry alteration zonation, with a QSP zone that grades
into a potassic zone. Oxidation at Majuba extends as deep as 800 feet. Significant
sulfide copper mineralization has been drilled in historic drill hole MMX -24 at the
QSP/Potassic boundary.
The four recent RC holes successfully extended the known oxide mineralization zone
into the “New Oxide Discovery Zone” and discovered new high- grade copper and
silver along with extensive gold mineralization below the surface copper oxide
mineralization sampled from roadcut outcrops and historic prospect pits.
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This new drilling also indicates that the Felsite Intrusive Assemblage is a likely source
of sulfide-rich intervals with >1% Cu, >20 ppm Ag, and intervals of 20 to 200 feet
(6.1 to 61 meters) of >0.30 ppm Au in the “New Sulfide Discovery Zone”. Results
are summarized as:
• MHB-3: “New Sulfide Discovery Zone” primarily associated with Felsite
Assemblage Rocks
• MHB-4: “New Oxide Discovery Zone”. Azurite and Malachite associated with
Early Rhyolite-Pinhead Assemblage Rocks. The upper part of the hole indicates
Late Rhyolite Assemblage may also contain significant gold.
• MHB-5: This hole indicates the potential for long intervals of >0.3% Cu
associated with Felsite and Early Rhyolite-Pinhead Assemblage rocks.
• MHB-6: This hole indicates that high grade sulfide copper (>1%) is associated
with Felsite Assemblage Rocks.
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 c ore 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,
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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, 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 encompasses 4,822 acres of surface and mineral rights that
includes 3 patented lode mining claims and 632 acres of privately owned surface and
minerals. 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
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: (604) 318-0114
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
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"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.
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