Bam Bam Resources Announces Deep Core Holes Point to Large Copper Porphyry Potential at Majuba Hill
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*Press Release March 10, 2022
Bam Bam Resources Announces Deep
Core Holes Point to Large Copper
Porphyry Potential at Majuba Hill
VANCOUVER, BC — March 10, 2022 — Bam Bam Resources Corp. (CSE: BBR / OTC:
NPEZF / FSE: 4NP B) (“Bam Bam” or the “Company”) is very pleased to have
discovered a granodiorite porphyry underlying areas where the Company has drilled
significant copper. The discovery strongly supports the large scale copper deposit
emerging from the historic mining and recent drilling.
Key Highlights:
• Core hole MHB-22 was drilled about 2 kilometers southeast of the outcropping
copper oxide in the historic mine area and intersected over 1200 ft (365.8 m)
of granodiorite with extensive porphyry-style alteration.
• The copper sulfide intersection in MHB-8 drilled in 2021:
• 65 ft (19.8 m) @ 0.35% Cu & 13.9 g/t Ag 865-930 ft (264-284 m)
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• 0.49% Copper Equivalent (CuEq)
CuEq=Length-weighted silver converted to copper using US$17/oz Ag & US$2.50/lb. Cu
is just above what is now known to be the same granodiorite making this a
good indicator for potential sulfide copper grades.
• Cross Cutting relationships between the Granodiorite and the Rhyolite
Assemblage Rocks indicates a very robust, strongly mineralizing magma
chamber.
• The Oxide Enriched Copper Mineralization Zone reported on by BBR (NR March
8, 2022) is outlined on Section 4502840N above and 4503040N below.
• Copper and molybdenum values were generally low however they showed a
distinct increase around 930 ft (281.9 m) to the end of the hole at 180 2.5 ft
(549.4 m), where a strong increase in secondary biotite and quartz veining
with magnetite was noted.
Oxide copper in the enriched oxide zone are shown below on Section 4503040N.
David Greenway, President and CEO, commented: “ We are thrilled about the
discovery of granodiorite porphyry underlying areas with drill results of significant
copper. This discovery strongly supports that Majuba Hill is a District size copper
deposit with a billion-ton potential.”
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Results
Bam Bam drilled 4,541.4 meters (14,900 ft) in 15 RC holes and 859.4 meters (2,820
ft) in 2 core holes during the 2021 drilling program . All intervals were assayed for
total copper that was determined using a four- acid digestion process and analyzed
by ALS Method ME-ICP61.
Core holes MHB-20 and MHB-22 discovered the widespread extent of the granodiorite
intrusive. The core holes were located to drill into the Copper-Gold soils Target which
is coincident with a large remanently magnetic zone that surrounds the Rhyolite
Intrusive Assemblage Rocks at Majuba Hill . A deep, northeast -trending Induced
Polarization (IP) high also crosses the Copper-Gold Target.
Multiple overlapping porphyry alteration events that were identified throughout the
previous drilling and historical work were noted also noted throughout the
granodiorite core. In addition to widespread propylitic and phyllic alteration their
appears to be extensive potassic alteration and magnetite bearing quartz veining. A
second type of tourmaline has also been noted.
These all indicate the granodiorite is probably related to the magma chamber that
produced the copper at Majuba Hill. The cross-cutting relationship of the granodiorite
and the rhyolite intrusive rocks combined with the magnetic anomalies and the
widespread IP geophysics indicate very high potential for a large, copper porphyry at
Majuba Hill.
MHB-22 807 ft (245.9 m)
Left: Quartz-Pyrite/Pyrrhotite. Right: Dark zones with Secondary Biotite
Development and Infrastructure
Copper mineralization at Majuba is centered within a large contiguous land position.
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Bam Bam has 100% control of the emerging Majuba Hill Copper District by private
surface and mineral ownership, patented mining claims, and Federal Lode Mining
claims. The Company has engaged EM Strategies-A Westland Resources Inc.
Company provide long-range environmental planning services.
The property is in Nevada, a Tier 1 mining district that is the most mining friendly
place in North America and has well developed transportation, power, and workforce
infrastructure. Majuba is easily reached by 23 miles of well-maintained roads leading
from U.S. Interstate 80. The existing highways are sufficient for transportation of
exploration-size heavy eq uipment. Development logistics would use the 4 lane
Interstate 80 highway, Union Pacific railroad tracks and power, natural gas, and fiber
optic transmission lines in the rail – highway corridor.
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. The samples are transported from the BBR secure warehouse
or directly from the project to the ALS Sample Prep Facility in Reno or Elko, Nevada.
ALS then transports the prepared pulps to their analytical lab in Reno, Nevada or
Vancouver, B.C. Soil and rock chip samples are transported by the company directly
to Elko or Reno, Nevada.
Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth
sample bags. All samples are analyzed for copper, gold, silver, and 3 3 other
elements. Gold is determined by ALS method Au-AA23 which is a fire assay with an
AAS finish on a 30 g ram 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 drill duplicates and copper-
gold-porphyry commercial standard reference material pulps.
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 de fined 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
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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
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.