Bam Bam Drilling Returns Significant Copper and Silver at Majuba Hill
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Press Release July 9, 2020
Bam Bam Drilling Returns Significant
Copper and Silver at Majuba Hill
VANCOUVER, BC — July 9, 2020 — Bam Bam Resources Corp. (CSE: BBR / OTC:
NPEZF / FSE: 4NPA) (“Bam Bam” or the “Company”) is pleased to report that core
hole MHB -1 at the Majuba Hill Nevada flagship property has returned significant
copper and silver values.
Core hole MHB -1 and MHB -2 were drilled to expand a zone of oxide copper
mineralization that Bam Bam identified during the evaluation of historical data and
relogging of the historical core . The evaluation indicated the oxide copper
mineralization should be present.
The following results from MHB -1 indicate the zone does continue . Using a length
weighted average, the significant interval is:
74 feet from 210 to 284 feet @ 0.35% Cu and 10.2 ppm Ag
including 5 feet from 242 to 247 feet @ 1.26% Cu and 17.4 ppm Ag
and 2 feet from 257 to 259 feet @ 4.22% Cu and 103 ppm Ag
The interval is the drill length, true width of mineralization is not yet known. It is
comprised of 17 samples with 16 of the 17 samples greater than 0.05% copper.
The copper equivalent value for the drill interval is 74 feet from 210 to 284 feet
@ 0.45% Cueq. Copper equivalency was calculated by converting length weighted
silver values to copper using USD$17/ounce silver and USD$2.50/lb. copper.
The high-grade copper values of 5 feet from 242 to 247 ft (1.03% Cu and 17.4
ppm) and 2 feet from 257 to 259 ft (4.2% Cu and 103 ppm Ag) are very similar
to surrounding historic drilling assay values and reported historic mine production.
Sawn core photo: 242 to 247 ft
1.26% Cu and 17.4 ppm Ag
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David Greenway, President & CEO , commented: “I am extremely pleased with the
results from this first hole. We believe that the historic data shows the Majuba Project
is highly likely to develop into a significant copper, silver, gold porphyry project. The
advancement we made improving Majuba Hill is very encouraging. Our exploration
approach is to put dollars in the ground by drilling and these outstanding copper and
silver results support that process. I am looking forward to the results from Hole
MHB-2 as well.”
The current phase one drilling program is for two core holes (completed) in the zone
of oxide mineralization followed by three or four reverse-circulation holes to test the
Majuba Extension Zone. Cross section 4502961N shows the association of the known
oxide copper mineralization, the Extension Zone, and the deep sulfide mineralization.
Sawn core photo: 257 ft to 259 ft
4.22% Cu and 103 ppm Ag
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In MHB-1 the 74-foot interval of 0.45% Cu equivalent mineralization is in the zone
of known oxide mineralization which was historically mined for copper and silver.
The intersection from 210 to 284 feet shows that the oxidized copper porphyry-
style mineralization occurs above the historic mining.
Drill hole MHB-2 was drilled towards the northeast at a - 45° inclination, to test for
extensions of the mineralization outward from the historic workings.
Reverse-circulation is permitted, and pad construction is in progress for drill testing
the Majuba Oxide Extension Target Zone. The Zone extends over 1,000 feet eastward
from the Oxide Copper Mineralization Zone to historic drill hole MG1703. Historic hole
MG1703 intersected good grades of oxide copper.
The most significant interval also included chalcocite and had a length- weighted
average of:
66.9 feet from 337.7 to 404.6 feet @ 0.71% Cu and 28.9 ppm Ag
including 4.3 feet from 337.7 to 342 feet @ 3.64% Cu and 151.7 ppm Ag
and 5 feet from 342 to 347.7 feet @ 2.78% Cu and 115.2 ppm Ag
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The interval is the drill length, true width of mineralization is not yet known. It is
comprised of nine (9) samples with all nine greater than 0.05% copper.
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. C opper, 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.
The Company also announces that the Board of Directors has granted a total of
2,000,000 stock options (the "Options") to directors, officers and consultants of the
Company. The Options are exercisable until July 8, 2022 at a price of $0.09 per share.
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: 4NPA) 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: (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
"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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