Bam Bam Samples High Grade Copper and Silver at Majuba Hill Nevada
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Press Release August 21, 2020
Bam Bam Samples High Grade Copper
and Silver at Majuba Hill Nevada
VANCOUVER, BC — August 21, 2020 — Bam Bam Resources Corp. (CSE: BBR / OTC:
NPEZF / FSE: 4NPA) (“Bam Bam ” or the “Company ”) is pleased to report high-
grade copper and silver assay results from copper oxide exposed on new access roads
and drill sites at its flagship Majuba Hill Nevada Property (the "Property"), a copper,
silver, gold porphyry project located in Pershing County, Nevada.
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Eighteen chip-channel samples were collected from outcrop along the new road cut
exposures.
Sample assays returned 37 to 16,950 ppm copper and 0.6 to 166 ppm silver. Sample
MHR-413 returned 1.7% Cu and 14.5 ppm Ag and sample MHR -403 returned 193
ppm Cu and 166 ppm Ag (4.8 oz Ag/ton). Sampled lengths ranged from 2 to 20 feet
(0.6-6.1 m).
Sample Length FT length M CU ppm Ag ppm
MHR-400 2 0.6 37 0.6
MHR-401 10 3.0 198 25.7
MHR-402 15 4.6 263 24.3
MHR-403 20 6.1 167 166
MHR-404 16 4.9 193 26.8
MHR-405 10 3.0 127 10.9
MHR-406 12 3.7 1,485 33.2
MHR-407 20 6.1 248 5.8
MHR-408 2 0.6 693 33.9
MHR-409 10 3.0 1,125 25.9
MHR-410 10 3.0 295 2.9
MHR-411 10 3.0 286 40.4
MHR-412 10 3.0 1,180 8.2
MHR-413 10 3.0 16,950 14.5
MHR-414 10 3.0 135 7.0
MHR-415 10 3.0 99 4.9
MHR-416 15 4.6 535 18.9
MHR-417 5 1.5 882 11.9
MHR-418 2 0.6 432 7.7
The Company completed 3,000 feet (914m) of reverse circulation (RC) drilling in four
vertical holes on the Majuba Extension Zone. Copper oxides were observed in MHB-
5 between 750 and 810 feet. All samples have been submitted to the ALS
Geochemistry prep facility in Elko, Nevada for sample analysis.
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Mr. David Greenway reports: “I am pleased to see the high copper and silver grades
from the oxides outcropping along the top of Majuba Extension Ridge. I am looking
forward to getting the analytical results from our recent RC drilling. The potential to
extend the known oxide mineralization eastward on Majuba Extension Ridge is very
promising for the project. The deep core holes planned for Phase 2 will help us outline
the large scale potential that we think Majuba has.”
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.
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 , RC chips, and rock sample s are 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. All samples are then transported directly to the ALS Sample Prep
Facility in Elko, Nevada. ALS will then transport 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 drill 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.
Cancellation of Stock Options
The Company announces that it has cancelled an aggregate 3,370,000 incentive
stock options, issued to various consultants and directors of the Company, between
October 2019 to July 2020 at exercise prices ranging from $0.07 to $0.16 per share.
Share Consolidation
The Company further announces it plans to consolidate all of the Company's issued
and outstanding common shares on the basis of ten (10) pre-consolidation shares for
one (1) post-consolidated share.
Bam Bam currently has 54,141,510 common shares issued and outstanding and,
upon the consolidation being completed, will have 5,414,151 common shares issued
and outstanding. The Company does not intend to change its name in connection
with the consolidation, although its CUSIP number and ISIN will change.
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The Company will issue a further news release notifying shareholder as to when the
effective date of the consolidation.
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.
With its flagship project being 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
"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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