Copper is vital in the manufacture of electric vehicles (EVs) since the metal is used in every major component and as this transport sector grows, so too does the number of companies seeking to explore for the commodity.
Step up then a junior like Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZD) (FRA:4NPB) which has a key asset in the Majuba Hill property, a site of past production, in mining-friendly Nevada, USA.
On its website, Bam Bam quotes from the 'Copper Alliance 2020', which says "copper will continue to contribute to society’s sustainable development goals. It adds: "As global copper use continues to rise, meeting this demand will require additional copper mining."
Between 1907 and 1960, Majuba Hill produced 2.8 million pounds of copper and 184,000 ounces of silver. Bam Bam's project spans 4,822 acres of surface and mineral rights on the mountain and the company reckons there is far more metal to discover.
The group is currently running a multi-phase drill program, which has already thrown up encouraging results. In October, the company said second phase deep core drilling was underway in a bid to outline the large scale mine potential. Three deep core holes were sunk, from which the firm is now awaiting assays.
Bam Bam says the total potential for the project is between 350 and 500 million tons of sulfide/oxide mineralization at grades of 0.4% copper, 12 parts per million (ppm) silver and 0.175 parts per million (ppm) gold.
Proactive recently caught up with Bam Bam's CEO David Greenway to find out more about this emerging explorer and its exciting story.
PROACTIVE: Please can you give a brief description of how and why Bam Bam Resources was established?
David Greenway (DG): Bam Bam Resources was established in recognition of the growing demand for base metals specifically focused on economical and sustainable copper properties with strategic positions in its location and infrastructure.
PROACTIVE: Why is copper such an important commodity and, specifically how do you see the metal's future within the electric vehicle (EV) sector?
DG: We believe that copper, amongst other metals, will play a crucial role in the progression of the EV sector. Copper is currently outpacing itself, and with production peaking in 2018 and very few new producers of any scale coming online, the price and demand for the metal will only continue to rise.
PROACTIVE: What do you consider to be the company’s greatest/main achievement to date and why?
DG: Following through on the geological, geophysical, geochemical fieldwork and completing our exploration goals is the primary achievement for 2020. By completing multi-phased drill programs we have solidified the expansion potential. Now that we have completed drilling for 2020, there is a lot of new and encouraging data to compile. An NI 43 101 is currently in the works and will be released early 2021 which will outline the progress made on the property, including previously unknown mineralization that has been discovered.
PROACTIVE: What can investors expect in terms of newsflow from the company over the next 12 months or so?
DG: This is where the exciting stuff happens. We are expecting the drill results from the last 3 holes to start coming out in the new year, we will also have the results back from the Airborne drone magnetic survey. The mineralization model emerging at Majuba shows large scale potential. We will continue to outline this expanded copper footprint as results come in.
Our 2021 program will build on the 2020 results. Our plan is to expand the known mineralization and explore the untapped potential of this system. We will work on expanding the oxide zone with drill holes that step out from the phase 1 program. Expanded deep IP and soil geochemistry early in Q2 will provide the basis to place deep holes that further explore deep sulfide potential at Majuba. As we like to say, putting dollars in the ground, to mine them back out later. Needless to say, there will be substantial news flow for the next year and beyond.
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