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Bam Bam Resources says drill findings show potential to expand known mineralization at Nevada project

Published: 07:30 08 Mar 2021 EST

Bam Bam Resources -
Bam Bam is on the hunt for copper at Majuba Hill, which spans 34 square kilometres (sq km, and is accessible via 23 miles of well-maintained dirt roads from U.S. Interstate 80

Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZF) (FSE:4NPB) has told investors that recent and historic drill findings show the potential to "significantly" expand the known mineralization at its flagship Majuba Hill project in Nevada.

Recent and historic holes at the asset in Pershing county "bottomed in significant copper grades below the copper oxide zones", the firm said.

The company highlighted one hole for example that was sunk to 1,100 feet (ft) and encountered an intercept of 370 feet at a grade of 0.45% copper (Cu) from between 730 and 1,100 ft in the enrichment zone.

READ: Bam Bam Resources says soil results highlight discovery of new copper intrusive centers at Majuba Hill project in Nevada

"I am very excited about the newly-recognized zones of copper enrichment below the oxide zones," said Larry Segerstrom, geologist and member of the group's advisory board in a statement.

"There are significant enrichment zones in many porphyry copper deposits in the southwest U.S., like those in the large Pima mining district in Arizona, and the giant mines in Chile, Escondida and Chuquicamata. The enrichment zones in these mines are of high economic importance and one of the reasons that they are so rich and economically viable. I look forward to further drilling the copper enriched zones at Majuba Hill and deeper into the primary copper mineralization below. I think that we will significantly expand the known Majuba mineralization."

"This is a tremendous opportunity to develop a large copper deposit," he added.

Bam Bam is on the hunt for copper at Majuba Hill, which spans 34 square kilometres and is accessible via 23 miles of well-maintained dirt roads from U.S. Interstate 80. It is worth noting that the project sits 120 miles northeast of Tesla's (NADSAQ:TSLA) Gigafactory.

Between 1907 and 1960, Majuba Hill produced 2.8 million pounds of copper, 184,000 ounces of silver, over 885,000 pounds of lead and 5,800 ounces of lode gold.

Bam Bam has said 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 ppm gold.

Contact the author at giles@proactiveinvestors.com

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