Bam Bam Reverse Circulation Drilling Progress at Majuba Hill Project
VANCOUVER, BC — August 4, 2020 — Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPA) (“Bam Bam” or the “Company”) is pleased to announce good progress for the 2020 Reverse Circulation (RC) drill program at the flagship Majuba Hill Nevada Property (the "Property"), a copper, silver, gold porphyry project located in Pershing County, Nevada.
Up to five holes in 2,500 feet (762 m) was planned for the RC drilling. Bam Bam expects to complete over 3,000 feet (914 m) in four holes because of the high productivity from Delong Drilling.
The RC holes are testing the Majuba Extension Ridge. The road built to access the drill sites discovered new copper oxide showings that were previously unknown, including malachite and chalcocite (BBR News July 2020). Historic drill holes were drilled from sites that are 50 to 800 feet below the newly unearthed copper oxide zones and 500 to 800 feet below the crest of Majuba Extension Ridge.
The historic core holes had multiple intervals of oxide and sulfide copper including:
- MG1703: 66.9 feet (20.4 m) @ 0.71% Cu & 28.9 ppm Ag/337.7 - 404.6 feet.
- MM-21: 220 feet (67.1 m) @ 0.27 % Cu & 14.3 ppm Ag/795 - 1015 feet.
- MMX-24: 370 feet (112.8 m) @ 0.45% Cu & 12.73 ppm Ag/730 - 1100 feet.
The RC drilling will test above these holes down to the historic intercepts. This thick untested zone along the Ridgetop has the potential to greatly increase the oxide copper zone found in the upper part of the Majuba Porphyry Copper, silver, and gold mineralization.
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. 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", "anticipates", "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-looking statements are based on reasonable assumptions, such statements are no 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.
