Bam Bam Resources Provides Company Update to Shareholders
BAM BAM RESOURCES PROVIDES
COMPANY UPDATE TO SHAREHOLDERS
VANCOUVER, BC — September 22, 2021— Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF /
FSE: 4NPB) ( “Bam Bam ” or the “Company”) is pleased to provide a Company update to the
shareholders.
Since the Company acquired the Majuba Hill Porphyry Copper Project (the “Project” or “Majuba
Hill”) in March of 2019 , it was believed that Majuba Hill could be a district size project. This
impression holds true and, as of today, the Company has expanded its land position by more than
300% to a total size of 15.1 square miles (39.2 sq km) / 9,678 acres (3,917 ha). Private surfa ce
and mineral claims comprise approximately 26% of the total land position (2,586 acres/1,048 Ha).
Bam Bam was able to attract a world class team of geologists and Technical Advisory Board
members, led by E.L. “Buster” Hunsaker. Bam Bam welcomed Dr. Mi ke Ressel to the Technical
Advisory Board in May 2020 and in February 2021, Larry Segerstrom came aboard. The Company
gained the support of the Center for Research in Economic Geology at University of Nevada Reno
(CREG).
The involvement and interest of the CREG program provide d strong academic and economic
support for Bam Bam. Dr. Matthieu Harlaux has placed a graduate student at Majuba Hill to
complete a M.S. Thesis.
The porphyry copper experience and knowledge of the Company’s Technical Advisory Board was
critical since Majuba Hill has a long history of exploration and production activities.
Since 1941, there have been seven historic drill campaigns that drilled 73 holes at Majuba Hill.
Six were mining exploration companies and the seventh the U.S. Bureau of Mines. Prior to 1970,
16 holes (1,061 m/3482 feet) were drilled by Freeport Sulfur Company (1942) and the U.S. Bureau
of Mines (1948). Since 1970, 13,906 meters (45,622 feet) in 58 core and RC holes were completed
at Majuba Hill.
Historic Production Results on Majuba Hill:
This long history of exploration and production activities at Majuba Hill left Bam Bam with a
mountain of data to analyze and interpret. The Company constructed a detailed geologic model
using all the drill data. This 3D GIS model provided a solid spatial platform to visualize the Known
Oxide Zone and expand it into the much larger Majuba Oxide Extension Area.
Historic surface drilling has delineated an outcropping copper and silver oxide zone. Historic core
holes drilled by Max Resources and described in the Technical Report prepared for Galileo
Exploration Ltd. in May 2017 (NI 43-101 Technical Report, Majuba Hill Project, Pershing County,
Nevada, A.J. Morris CPG QP) indicated good oxide copper in a discrete area around the historic
underground workings. The historic drilling suggested that Majuba Hill potential is at least 350-
500 million tons of oxide mineralization at grades estimated to be 0.3 to 0.4% Copper (Cu), 9 to
14 ppm Silver (Ag), and 0.175 to 0.25 ppm Gold (Au)
This data allowed Bam Bam to develop and execute on an initial drill program that protected its
shareholders by first confirming the interpretations of the historic data.
The results of this program were encouraging and so the Company created and completed a
staged exploration program that has greatly increased the potential size of the target at Majuba
Hill using:
• Drilling;
• Surface rock and soil sampling; and
• Drone Magnetic and Induced Polarization Geophysics.
The comprehensive exploration program by Bam Bam was two-fold:
• Define, expand, and quantify the near-surface, open-pittable, oxide copper-silver
mineralization; and
• Identify and expand the footprint of the underlying copper-porphyry, sulfide
mineralization.
Early drilling by Bam Bam at Majuba Hill was focused on confirming the historical data and to
expand the near -surface oxide zone. The Company drilled nine holes for a total of 8706 feet
(2653.5 meters) in 5 core and 4 reverse -circulation holes. Significant oxide/enriched results
released in July 2020 included:
• MHB-1: 74 ft (22.6 m) of 0.35% Copper (Cu) and 10.2 g/t Silver (Ag)
from 210 to 284 ft (64-86.6 m)
• MHB-2: 146 ft (44.5 m) of 1.41% Copper (Cu) and 97.6 g/t Silver (Ag)
from 0 to 146 ft (0-44.5 m)
By converting length weighted silver values to copper using US$17/ounce silver
and US$2.50/lb. copper, this interval is 2.36% Copper Equivalent (CuEq).
• MHB-4: 45 feet (13.7 m) of 0.45% Copper (Cu) and 8.2 g/t Silver (AG)
from 775-820 feet (13.7m/236.2-249.9m)
• MHB-5: 310 feet (94.5 m) of 0.29% Copper (Cu) and 10 g/t Silver (Ag)
from 445 to 755 feet (135.6-230.1m)
• MHB-6: 50 feet (15.2 m) of 0.72% Copper (Cu) and 19.8 g/t Silver (Ag)
from 750 to 800 feet (228.6-243.8m)
MHB-6 also contained chalcocite enriched sulfides and the hole ended in 20 feet of 1.31 % Copper
(Cu) from 780-800 feet (6.1m/237.74-243.84m).
Very positive results from each phase of the exploration program confirmed the next step: In late
November 2020, Bam Bam completed 4920 feet (1499.6 m) in deep core holes MHB -7, MHB-8,
and MHB-9 to explore for an underlying deep sulfide mineralization expected to occur directly
below the widespread oxide and enriched oxide copper mineralization. MHB -7 and MHB -9
intersected strong, well -developed porphyry copper sulfides and phyllic alteration. Both holes
also showed variable super gene leaching enrichment features that will be important for
quantifying the higher-grade, enriched zones within the known deposit.
Drill hole MHB-8 stepped out 1700 feet (518 meters) south from the oxide/enrichment zone to
test a deep Induced Polarizatio n (IP) chargeability high. The 1635 foot (498. 3 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.
Copper and silver in this chalcopyrite-sulfide zone included:
• MHB-8: 65 feet (19.8 m) of 0.35% Copper (Cu) and 13.9 g/t Silver (Ag)
from 865 to 930 feet (263.7-283.5m)
Copper Equivalent (CuEq) of 0.49%.
The broader interval of copper and silver in MHB-8 returned:
• MHB-8: 470 feet (143.2m) of 0.1% Copper (Cu) and 4.04 g/t Silver (Ag)
from 830 to 1300 feet (253.0-396.2 m)
Copper Equivalent (CuEq) of 0.14%.
The exciting news is that sulfide mineralization was discovered on every drill hole, including the
step out extensions. All three of these d eeper holes hit viable mineralization indicating an
underlying sulfide deposit.
Based on these encouraging results, there are additional deep historic drill holes that now need
offset drilling. These include:
From management’s perspective, it is believed that the Company has a deep-seated sulfide
deposit underneath the viable oxide cap.
The team of geologists and Technical Advisors all agreed that the best and most c ost-effective
approach forward was to extend the soil sampling, Mag survey and deep IP analysis in to areas
that haven’t been examined before. The team wanted to review and extend all the soil sampling,
extend the mag surveys that have been completed, and review and extend the IP surveys over
the land position Bam Bam owns.
This turned out to be an excellent s trategy. The Company has now defined the potential for an
oxide deposit that appears to be over 250% greater than the size originally anticipated.
In May 2021 , a property -wide, 322 line -km drone magnetic survey was completed by Zonge
International, Inc. The magnetic survey shows that the Tertiary Intrusive Assemblage at Majuba
Company Drill Hole Interval
feet
From
feet
To
feet
Interval
m From m To
meters Cu% Ag g/t CuEq% Significant Intervals
Freeport Sulfur
Co. (partial) DDH-8 400.0 240 640 128.0 73.2 201.2 0.28 2.85 0.30 DDH-8: 400 ft (128 m) @ 0.28% Cu and 2.85 g/t Ag
from 240 to 640 ft (73.2-201.2 m)
Mine Finders
Inc. MF-05 70.0 2170 2240 21.4 661.4 682.8 0.37 0.37 MF-05: 70 ft (21.4 m) @ 0.37% Cu and g/t Ag from
2170 to 2240 ft (661.4-682.8 m)
MF-05 70.0 2270 2340 21.3 691.9 713.2 0.15 0.15 MF-05: 70 ft (21.3 m) @ 0.15% Cu and g/t Ag from
2270 to 2340 ft (691.9-713.2 m)
MF-05 10.0 2360 2370 3.1 719.3 722.4 0.11 0.11 MF-05: 10 ft (3.1 m) @ 0.11% Cu and g/t Ag from
2360 to 2370 ft (719.3-722.4 m)
Hill is at least 2.5 times larger than the geologic mapping indicated. The much larger extent shown
by the positive magnetic response matched the encouraging 2020 drilling and exploration results.
Zonge International was also engaged to complete an extensive Induced Polarization/Resistivity
(IP) program to expand and extend the existing deep IP coverage. A 2007 survey using 300 meter
dipole spacing and a 2018 in -fill program has prov en remarkably successful in defining high -
chargeability and resistivity anomalies that correlate to porphyry copper related phyllic alteration
and sulfide zones with chalcopyrite, pyrrhotite, pyrite, and arsenopyrite.
The very direct correlation between the high chalcopyrite, pyrrhotite, pyrite, & arsenopyrite
content in core hole MHB -8 and the high -chargeability anomalies outlined by the previous
surveys is a good indication of the importance of the IP geophysics for identifying drill targets and
outlining the potential scale for mineralization at Majuba Hill.
The expanded IP survey was completed in late May 2021 and the results are very encouraging.
James Wright, a highly respected consulting geophysicist in Nevada, provided the Company’s
technical over sight and interpretation. The survey identified a large, oval -shaped resistivity
response on lines L7 to L9 northeast of the previously known oxide mineralization. This “789
Zone” has a 1500 m diameter and the eastern side of the 789 Zone is coincident with the north
trending granodiorite/remanent magnetic zone.
Wright commented: “The resistivity annulus suggests some form of intrusive with a surrounding
resistivity alteration rim. Deep chargeability anomalies coincident with the rim indicate an
increased sulfide association relative to the center.”
He concluded: “Associated with this feature are both shallow and deep resistivity/chargeability
anomalies consistent with a variant of the classic Guilbert and Lowell (1974) porphyry model.”
In mid-October 2020, 399 soil samples were collected from the eastern side of the intrusive
complex at the Majuba Hill. Anomalous copper, silver, molybdenum, zinc, and gold correlate with
the intrusive centers identified from the 2020 exploration program.