Bam Bam Resources Corp. (CSE: BBR) (CSE: BBR.WT) has announced a name and symbol change to Majuba Hill Copper Corp. (CSE: JUBA) (CSE: JUBA.WT) and a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares.
As a result, the outstanding shares of the company will be reduced to approximately 19,303,881 common shares.
The shares will begin trading on a consolidated basis and with a new name and CUSIP number on May 31, 2022.
Please note that all open orders will be cancelled at the end of business on May 30, 2022. Dealers are reminded to re-enter their orders taking into account the share consolidation.
_________________________________
Bam Bam Resources Corp. (CSE: BBR) (CSE: BBR.WT) a annoncé un changement de nom et de symbole pour Majuba Hill Copper Corp. (CSE: JUBA) (CSE: JUBA.WT) et une consolidation de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidée pour dix (10 ) actions ordinaires pré-regroupées.
En conséquent, les actions en circulation de la société seront réduites à environ 19 303 881 actions ordinaires.
Les actions commenceront à être négociées sur une base consolidée et sous un nouveau nom et un nouveau numéro CUSIP le 31 mai 2022.
Veuillez noter que tous les ordres ouverts seront annulés à la fin des activités le 30 mai 2022. Il est rappelé aux concessionnaires de saisir à nouveau leurs ordres en tenant compte du regroupement d'actions.
| Trading on a Consolidated Basis/Négociation sur une base consolidée: | le 31 mai/May 2022 |
| Record Date/Date d'enregistrement: | le 1 juin/June 2022 |
| New Name/ Nouveau nom: | Majuba Hill Copper Corp. |
| New Symbol/ NOUVEAU symbole: | JUBA |
| NEW/NOUVEAU CUSIP: | 56086E 10 8 |
| NEW/NOUVEAU ISIN: | CA 56086E 10 8 8 |
| Old Symbol/Vieux symbole: | BBR |
| Old/Vieux CUSIP & ISIN: | 059359208/CA0593592086 |
| Effective Date/ Date effective : | le 31 mai/May 2022 |
| New Name/ Nouveau nom: | Majuba Hill Copper Corp. 14SEP2023 Warrants |
| New Symbol/ NOUVEAU symbole: | JUBA.WT |
| NEW/NOUVEAU CUSIP: | 56086E 11 6 |
| NEW/NOUVEAU ISIN: | CA 56086E 11 6 1 |
| Old Symbol/Vieux symbole: | BBR.WT |
| Old/Vieux CUSIP & ISIN: | 059359117/CA0593591179 |
If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com
Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à: Listings@thecse.com
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Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to announce that the expanded soil sampling program is underway for the Majuba Hill Project in Pershing County, Nevada. The program is designed to expand on the very encouraging results reported from the 2021 program (see Bam Bam News Release October 14, 2021). The 2021 soil sampling program expanded the DeSoto Copper Oxide Target and the Copper-Gold Target zones, however, the anomalous areas are still open to the northeast at the DeSoto and to the east of the Copper-Gold Target.
Figure 1
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David Greenway, President and CEO, commented: "The very-encouraging results from the newly-discovered DeSoto Copper Oxide and the Copper-Gold Target zones led us to roll out an expanded soil sampling program. The anomalous areas are still open to the northeast at the DeSoto and to the east of the Copper-Gold Target and I look forward to how much further this program will expand the already massive Majuba Hill copper, silver and gold district size asset."
About Majuba Hill
Copper mineralization at Majuba is centered within a large contiguous land position. Bam Bam has 100% control of the emerging Majuba Hill Copper District by private surface and mineral ownership, patented mining claims, and Federal Lode Mining claims. The property is in Nevada, a Tier 1 mining district that is the most mining friendly place in North America with well-developed transportation, power, and workforce infrastructure.
Majuba is easily reached by 23 miles of well-maintained roads leading from U.S. Interstate 80. The existing highways are sufficient for transportation of exploration-size heavy equipment. Development logistics will be able to use the 4 lane Interstate 80 highway, Union Pacific railroad tracks, as well as power, natural gas, and fiber optic transmission lines in the rail - highway corridor.
Qualified Person
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 Pink: NPEZF) (FSE: 4NPB) is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
On Behalf of the Board of Bam Bam Resources Corp.
"David Greenway"
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: jw@bambamresources.com
P: 1 (855) 475-0745
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.
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 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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Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to have signed a core drilling contract with Falcon Drilling, Inc. for the Majuba Hill Project in Pershing County Nevada. Falcon drilled at Majuba in 2020 and 2021. Drilling is planned to begin in mid-April.
Figure 1
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Approximately 4,000 meters (13,000 ft) is planned to drill deeper holes below the copper enriched Known Copper Oxide Zone and to extend the granodiorite footprint discovered in the Copper-Gold Target area.
David Greenway, President and CEO, commented: "This is a key development phase for Majuba Hill. I expect these deeper holes to expand the copper mineralization footprint and signify that Majuba can be a very significant source for world copper demands."
Project Infrastructure and Development
Copper mineralization at Majuba is centered within a large contiguous land position. Bam Bam has 100% control of the emerging Majuba Hill Copper District by private surface and mineral ownership, patented mining claims, and Federal Lode Mining claims. The property is in Nevada, a Tier 1 mining district that is the most mining friendly place in North America and has well developed transportation, power, and workforce infrastructure.
Majuba is easily reached by 23 miles of well-maintained roads leading from U.S. Interstate 80. The existing highways are sufficient for transportation of exploration-size heavy equipment. The Company has engaged EM Strategies-A Westland Resources Inc. Company provide long-range environmental planning services. Development logistics can use the 4 lane Interstate 80 highway, Union Pacific railroad tracks and power, natural gas, and fiber optic transmission lines in the rail - highway corridor.
Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody
The Company has a QA/QC program using best industry practices in place at the Majuba Hill Project. The samples are transported from the BBR secure warehouse or directly from the project to the ALS Sample Prep Facility in Reno or Elko, Nevada. ALS then transports the prepared pulps to their analytical lab in Reno, Nevada or Vancouver, B.C. Soil and rock chip samples are transported by the company directly to Elko or Reno, Nevada.
Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. All samples are analyzed for copper, gold, silver, and 33 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 samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps.
Qualified Person
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 Pink: NPEZF) (FSE: 4NPB) is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
On Behalf of the Board of Bam Bam Resources Corp.
"David Greenway"
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: jw@bambamresources.com
P: 1 (855) 475-0745
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.
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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117129
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Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is very pleased to have discovered a granodiorite porphyry underlying areas where the Company has drilled significant copper. The discovery strongly supports the large scale copper deposit emerging from the historic mining and recent drilling.
Cross Section 4502840N-Long Section Looking N09E
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Key Highlights:
is just above what is now known to be the same granodiorite making this a good indicator for potential sulfide copper grades.
Oxide copper in the enriched oxide zone are shown below on Section 4503040N.
Cross Section 4503040N Looking N30E
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David Greenway, President and CEO, commented: "We are thrilled about the discovery of granodiorite porphyry underlying areas with drill results of significant copper. This discovery strongly supports that Majuba Hill is a District size copper deposit with a billion-ton potential."
Results
Bam Bam drilled 4,541.4 meters (14,900 ft) in 15 RC holes and 859.4 meters (2,820 ft) in 2 core holes during the 2021 drilling program. All intervals were assayed for total copper that was determined using a four-acid digestion process and analyzed by ALS Method ME-ICP61.
Core holes MHB-20 and MHB-22 discovered the widespread extent of the granodiorite intrusive. The core holes were located to drill into the Copper-Gold soils Target which is coincident with a large remanently magnetic zone that surrounds the Rhyolite Intrusive Assemblage Rocks at Majuba Hill. A deep, northeast-trending Induced Polarization (IP) high also crosses the Copper-Gold Target.
Multiple overlapping porphyry alteration events that were identified throughout the previous drilling and historical work were noted also noted throughout the granodiorite core. In addition to widespread propylitic and phyllic alteration their appears to be extensive potassic alteration and magnetite bearing quartz veining. A second type of tourmaline has also been noted.
These all indicate the granodiorite is probably related to the magma chamber that produced the copper at Majuba Hill. The cross-cutting relationship of the granodiorite and the rhyolite intrusive rocks combined with the magnetic anomalies and the widespread IP geophysics indicate very high potential for a large, copper porphyry at Majuba Hill.
MHB-22 807 ft (245.9 m)
Left: Quartz-Pyrite/Pyrrhotite. Right: Dark zones with Secondary Biotite
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Development and Infrastructure
Copper mineralization at Majuba is centered within a large contiguous land position. Bam Bam has 100% control of the emerging Majuba Hill Copper District by private surface and mineral ownership, patented mining claims, and Federal Lode Mining claims. The Company has engaged EM Strategies-A Westland Resources Inc. Company provide long-range environmental planning services.
The property is in Nevada, a Tier 1 mining district that is the most mining friendly place in North America and has well developed transportation, power, and workforce infrastructure. Majuba is easily reached by 23 miles of well-maintained roads leading from U.S. Interstate 80. The existing highways are sufficient for transportation of exploration-size heavy equipment. Development logistics would use the 4 lane Interstate 80 highway, Union Pacific railroad tracks and power, natural gas, and fiber optic transmission lines in the rail - highway corridor.
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. The samples are transported from the BBR secure warehouse or directly from the project to the ALS Sample Prep Facility in Reno or Elko, Nevada. ALS then transports the prepared pulps to their analytical lab in Reno, Nevada or Vancouver, B.C. Soil and rock chip samples are transported by the company directly to Elko or Reno, Nevada.
Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. All samples are analyzed for copper, gold, silver, and 33 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 samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps.
Qualified Person
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 Pink: NPEZF) (FSE: 4NPB) is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are 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:
Joel Warawa
VP of Corporate Communications
E: jw@bambamresources.com
P: 1 (855) 475-0745
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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116240
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Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to announce that all results have been received for the 2021 reverse circulation ("RC") and core holes. Copper, silver, molybdenum, zinc, and gold assays are very encouraging because they support the porphyry copper model that the Company has been developing.
Majuba Hill - Looking North
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Key Highlights:
Significant copper results are shown below on Cross Section 4503040N. It is oriented with the same view as the photo shown above and has a similar scale.
Cross Section 4503040N Looking N30E
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Bam Bam drilled 4,541.4 meters (14,900 ft) in 15 RC holes and 859.4 meters (2,820 ft) in 2 core holes. Results are listed for copper, silver, gold, molybdenum, and zinc on the table at the end of this news release. For each drill hole, the total, length-weighted average values of each element is shown. Significant intervals are also listed. These are based on zones with a minimum of 4.6 m (15 ft) with a minimum of 0.16% Cu. All assays are total copper and were determined using a four-acid digestion process and analyzed by ALS Method ME-ICP61.
Significant Results
The 2021 RC drilling program was designed to in-fill and extend the 2020 Bam Bam drilling and historic holes. Using 3D modeling and cross-sectional evaluation the company focused in the mineralized zones including MHB-2 with:
CuEq=Length-weighted silver converted to copper using US$17/oz Ag & US$2.50/lb. Cu
in the copper-enriched oxide zone. And historic drill hole MMX-24 with:
in the copper-enriched oxide and sulfide zone.
The total contained copper values for all the significant holes is very encouraging because everything drilled had copper. Pending future metallurgical work and resource modeling considerations these data will be parsed out using rigorous evaluation parameters.
MHB-10, and -24
Holes MHB-10 and MHB-24 returned results that are encouraging because the significant intervals filled in and tied together two 0.3% Cu grade shells constructed in 2020. The holes also outline a much larger plus 0.16% Cu zone (see Section 4503040N).
Significant gold from MHB-10 includes:
MHB-14, -15, -18, -21, and -23
Holes MHB-14, -15, -18, -21, and -23 are significant extension drill holes.
MHB-15 and MHB-21 extend the copper mineralization deeper (MHB-21) and northward (MHB-15). MHB-21 had some very high copper within a zone that returned:
MHB-14 and MHB-18 intersected mineralization shallower and west of the middle 0.3% Cu grade shell that the holes were targeting. These results outline more mineralization which will be included in the modeling and appear to tie together the middle copper zone with the historically mined mineral zones.
MHB-14 returned:
MHB-18 is within the high gold corridor and returned:
MHB-23 extended the 2020 0.3% Cu shell northward where it intersected:
MHB-17
Hole MHB-17 did not intersect the expected subvolcanic intrusive rock outcropping at the surface. However, the hole intersected significant intervals of copper and gold which may be pointing towards an additional near-surface zone of copper as well as a second gold corridor. MHB-17 results include:
MHB-20 and -22
Core holes MHB-20 and MHB-22 discovered the previously unknown intrusive. The holes were located to drill into the Copper-Gold soils Target which is coincident with a much larger anomalous remanent magnetic zone identified from the drone magnetic survey in 2021. A deep, northeast-trending Induced Polarization (IP) high also crosses the zone.
Initial reporting identified the intrusive as diorite intrusive. Detailed logging on sawn core clearly indicates that it is granodiorite intrusive. The rhyolite intrusive, which hosts mineralization in the historic mine areas at Majuba and drilled by the RC during 2021, have been logged in a cross-cutting relationship with the granodiorite. Ongoing-detailed logging, thin-section work, and detailed slab-core examination is in-progress to determine the exact relationship between the two intrusive types.
Multiple overlapping porphyry alteration events that have been identified throughout the previous drilling and historical work were noted throughout the granodiorite core. In addition to widespread propylitic and phyllic alteration their appears to be extensive potassic alteration and magnetite bearing quartz veining. Additionally, a second type of tourmaline has been noted. These all indicate the granodiorite is probably related to the magma chamber that produced the copper at Majuba Hill.
The relationship of the granodiorite and the rhyolite intrusives combined with the widespread IP geophysics indicate very high potential for a large, copper porphyry at Majuba Hill.
MHB-22 807 ft (245.9 m)
Left: Quartz-Pyrite/Pyrrhotite. Right: Dark zones with Secondary Biotite
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Summary Discussion of Results
The 2021 drilling results continue to expand on previous Bam Bam drilling and historic drill results. The zones of widespread copper oxide and sulfide enrichment combined with the newly discovered, underlying porphyry-altered granodiorite intrusive strongly outline the potential for Majuba Hill to be a billion ton copper, silver, gold porphyry deposit.
Mineralization is centered within a large contiguous land position. Bam Bam has 100% control of the emerging Majuba Hill Copper District by private ownership, patented mining claims, and Federal Lode Mining claims.
The property is in Nevada, a Tier 1 mining district that is the most mining friendly place in North America and has well developed transportation, power, and workforce infrastructure. Majuba is easily reached by 23 miles of well-maintained roads leading from U.S. Interstate 80. The existing highways are sufficient for transportation of exploration-size heavy equipment. Development logistics would use the 4 lane Interstate 80 highway, Union Pacific railroad tracks and power, natural gas, and fiber optic transmission lines in the rail - highway corridor.
David Greenway, President and CEO, commented: "With copper at all-time highs, Bam Bam anticipates growing into a mid-tier with Majuba moving from a discovery play into a resource development project. Copper use continues to grow and projects the size of Majuba in safe jurisdictions are needed to meet world demands."
Table of Significant Intercepts
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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. The samples are transported from the BBR secure warehouse or directly from the project to the ALS Sample Prep Facility in Reno or Elko, Nevada. ALS then transports the prepared pulps to their analytical lab in Reno, Nevada or Vancouver, B.C. Soil and rock chip samples are transported by the company directly to Elko or Reno, Nevada.
Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. All samples are analyzed for copper, gold, silver, and 33 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 samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps.
Qualified Person
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 Pink: NPEZF) (FSE: 4NPB) is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
On Behalf of the Board of Bam Bam Resources Corp.
"David Greenway"
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: jw@bambamresources.com
P: 1 (855) 475-0745
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.
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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115886
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With multiple significant lithium discoveries under its belt and a proven exploration strategy that yields results, Brunswick Exploration makes a compelling investment proposition in the ever-expanding lithium space.
Brunswick Exploration (TSXV:BRW,OTCQB:BRWXF,1XQ:FF) is one of North America's few publicly traded companies aggressively pursuing grassroots lithium exploration across Canada and Greenland. The company is leveraging cutting-edge exploration technologies and systematic geological fieldwork to uncover new spodumene-bearing pegmatite discoveries in underexplored districts.
Brunswick has staked and is actively exploring large-scale pegmatite fields in Quebec and both western and eastern Greenland. Its multi-regional strategy is designed to fast-track discoveries of high-grade lithium deposits to meet rising global demand driven by the energy transition.
Brunswick’s exploration process begins with comprehensive data compilation and geological analysis to pinpoint promising target areas. Its experienced field teams then deploy traditional prospecting techniques—including bedrock mapping, sampling, and geophysical surveys—to validate targets on the ground. This hands-on approach has led to multiple new lithium discoveries and remains central to the company’s value creation strategy.
The company has launched an aggressive, regional-scale prospecting and mapping campaign across its extensive Greenland portfolio which will run for six weeks, supported by four field crews and two helicopters. The initial phase will see one team conducting detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas. A second team will cover the expanded Nuuk and Paamiut licenses, including follow-up at the historical spodumene showing at Paamiut.
Starting in July 2025, fieldwork will pivot based on June results, with one crew continuing follow-up at Nuuk and Paamiut, and another moving to Disko Bay and Uummannaq. Findings will guide advanced exploration in August–September, including first-pass work at the newly acquired Hinksland project.
In Quebec, Brunswick Exploration has prioritized three key lithium projects in the Eeyou Istchee–James Bay region: Mirage, Anatacau, and PLEX with active drilling underway at Mirage following 2023 grassroots discoveries.
In 2024, the company made Greenland’s first lithium-bearing spodumene pegmatite discovery at the Ivisaartoq field under its Nuuk license—an area characterized by ancient Mesoarchean geology. Brunswick is now expanding its land position in both western and eastern Greenland to build on this breakthrough. In 2025, the company reported it had submitted license applications covering 20,785 hectares at Paamiut that include multiple metavolcanic amphibolite belts and nine mapped pegmatites 500–900 m in strike length, with approval pending. Brunswick had also applied for a 17,800-hectare Hinksland license in eastern Greenland containing over 50 mapped and interpreted pegmatite outcrops, including nine that are between 500 m and roughly 10,000 m in strike length, likewise awaiting government sign-off.
The exploration team is led by Executive Chairman Robert Wares, a renowned geologist and co-founder of Osisko Mining. Wares played a pivotal role in discovering the Canadian Malartic gold deposit, which became one of Canada’s largest gold producers. His leadership and exploration success provide strong technical guidance for Brunswick’s operations.
The Mirage Project consists of 427 claims covering 21,230 hectares (including both staked and optioned claims), situated approximately 40 km south of the Trans-Taiga Highway in Quebec’s James Bay region. The project was initially staked following insights from a geologist who explored the area for gold over two decades ago and documented numerous angular pegmatitic glacial boulders containing large, well-defined spodumene crystals, including one boulder measuring 8 x 4 x 3 meters.
In fall 2023, Brunswick Exploration uncovered multiple high-grade spodumene outcrops along a 2.5-km trend, alongside a distinct 3 km boulder train with different mineralogical characteristics, suggesting the presence of multiple lithium-bearing sources within the project area.
The company intersected 37 m at 1.14 percent Li₂O in hole MR-24-87 at the MR-3 dyke; 36 m at 1.51 percent Li₂O in hole MR-24-102 within the Stacked Dyke area where the same hole also cut thirteen additional spodumene-bearing dykes and 28 m at 1.32 percent Li₂O in hole MR-24-101 at the MR-6 dyke, together extending the combined MR-3–MR-6–Stacked Dyke swarm to more than 1 km by 450 m. In the past drillings, Brunswick intercepted 1.55 percent and 1.64 percent Li₂O at 93.45 m and 69.3 m respectively at the MR-6 dyke The project continues to show excellent continuity and scale, with stacked dykes and new zones being delineated through ongoing drilling.
The winter 2025 drill program covering over 5,000 meters is designed to test new extensions to MR-3, MR-4, and MR-6 dykes, as well as additional targets within the broader Central Zone. Mirage is quickly emerging as a potential high-grade, large-tonnage lithium system.
Spodumene crystals at Mirage are massive and white to pale grey, both at the surface and in the core.
In 2025, BRW has continued to advance Mirage through additional drilling and metallurgical testing. The winter drill program intersected 36 meters at 1.51percent Li2O in the Stacked Dyke area and 28 meters at 1.32 percent Li2O at the MR-6 dyke, significantly extending these pegmatites along strike. This drilling confirms that the MR-3, MR-6 and Stacked Dyke systems form a major spodumene-bearing pegmatite swarm now traced over ~1,000 by 450 meters and open in multiple directions. Phase 1 metallurgical results indicate the potential for a dense media separation (DMS)-only flowsheet (no flotation required), capable of producing a clean spodumene concentrate grading ~5.5–5.7 percent Li2O with up to 76 percent recovery and low impurities.
The company is also advancing the early-stage Poste Lemoyne Extension (PLEX) project, located along the La Grande shear zone approximately 75 km west of Patriot Battery Metals’ Corvette project. PLEX consists of 375 claims covering 19,175 hectares and remains a target for future prospecting campaigns.
Comprising the Anatacau Main and Anatacau West projects, these assets are under an option agreement with Osisko GP, a subsidiary of Osisko Development, under which Brunswick Exploration can earn a 90 percent interest in the projects. The Anatacau property is located just east of Rio Tinto (NYSE:RIO) recently acquired James Bay Lithium deposit (previously known as the Cyr deposit), previously owned by Arcadium (NYSE:ALTM) which has a total mineral resource of 110.2 million tons (Mt) at 1.30 percent lithium oxide and a total ore reserve of 37.3 Mt at 1.27 percent lithium oxide.
BRW completed a maiden drill program at the Anatacau West property totalling 3,712 meters. 17 of the 18 drilled holes intersected spodumene mineralization that generated up to 26.5 metres at 1.51 percent Li2O.
In the summer of 2023, Brunswick discovered a significant lithium pegmatite outcrop, measuring at least 100 meters long by 15 meters wide known as the Anais showing in Anatacau Main. The outcrop is within a larger cluster of pegmatite dykes all of which contain high-grade lithium mineralization.
This discovery is located 22 km east of Anatacau West and Rio’s James Bay project along a large-scale E-W deformation corridor which is host to the known lithium-bearing pegmatite dykes in the region.
Brunswick Exploration is now one of Greenland’s largest mineral license holders and the only company actively exploring for lithium in the country, capitalizing on a clear first-mover advantage. With supportive regulations, highly prospective geology, and excellent outcrop exposure, 2025 is set to be a breakthrough year as the company launches a major lithium exploration campaign.
A six-week regional program begins in June, with four field crews and two helicopters deployed across Brunswick’s vast land package. One team will focus on the Ivisaartoq spodumene discovery, while another targets the Nuuk and Paamiut licenses. In July, follow-up work will continue at Nuuk and Paamiut, while a second team begins prospecting at the Disko Bay and Uummannaq properties.
Initial results will guide advanced exploration phases in August and September across high-priority targets.
2025 Paamiut license area
Brunswick Exploration has applied for new licenses covering 20,785 hectares, approximately 90 to 130 km northeast of Paamiut, a coastal town about 260 km south of Nuuk. The area lies within the Bjornesund tectonic block of the North Atlantic Craton, a geologically favorable region comprising tonalitic and granodioritic orthogneiss and Mesoarchean metavolcanic amphibolite belts.The newly staked ground includes multiple amphibolite belts up to 1.5 km wide and 15 km long, along with nine mapped and interpreted pegmatite targets ranging from 500 to 900 meters in strike length. License applications have been submitted and are currently pending final government approval
Brunswick Exploration’s Nuuk holdings include the Ivisaartoq spodumene discovery within the Ivisaartoq belt. The company has applied to stake the adjacent Ujarassuit amphibolite belt, which is up to 1 km wide and 40 km long. Additional claims have been secured within the Fiskefjord Complex, located 95 km north of Nuuk and 75 km southeast of Maniitsoq, covering amphibolite belts up to 4.5 km wide and 20 km long. The newly acquired and applied-for claims span 33,138 hectares and host hundreds of mapped and interpreted pegmatite outcrops, including six targets with strike lengths between 500 and 2,000 m.
The Disko Bay licenses are located roughly 30 to 80 kms from the coastal city of Ilulissat, which is the third largest city in Greenland. The licenses are near multiple seaports and container terminals, including Ilulissat. The area is situated within the Aasiaat domain, part of the Paleoproterozoic Nagssugtoqidian Orogen, sandwiched to the south by the Archean North Atlantic Craton and to the north by the Archean Rae Craton. The Orogen extends west into the Trans-Hudson orogeny of Canada that continues to the lithium deposits near Snow Lake Manitoba and the Black Hills of South Dakota.
Multiple amphibolite and metasedimentary belts were acquired with some belts being over 20 km in strike length. The new claims have hundreds of mapped and interpreted pegmatite targets with a total license area of 49,639 hectares.
The licenses are located roughly 70 km from the coastal city of Uummannaq, about 80 km north of Ilulissat. Uummannaq has a population of about 1,660, an airport and a ferry terminal as well as a nearby container terminal. The area is located within the Archean Rae Craton that is intermixed with the Paleoproterozoic Rinkian fold-thrust belt, both of which are in contact with the Paleoproterozoic Nagssugtoqidian Orogen to the south.
The new license contains multiple amphibolite and metasedimentary belts with dozens of mapped and interpreted pegmatites with a total license area of 9,770 hectares.
Robert Wares is a professional geologist with more than 35 years of experience in mineral exploration and development. He was responsible for discovering the Canadian Malartic bulk tonnage gold mine, which was subsequently developed by Osisko Mining into one of Canada's largest gold producers. Wares was a co-winner of the Prospectors and Developers Association of Canada's "Prospector of the Year Award" for 2007. He was also named one of the "Mining
Men of the Year" for 2009 by the Northern Miner. He has a Bachelor of Science and an honorary doctorate in earth sciences from McGill University.
From 2017 to 2021, Killian Charles worked as VP of corporate development for Osisko Metals. Charles was previously the manager of corporate development at Integra Gold Corp, which was an advanced-stage gold development company until it was acquired by Eldorado Gold in July 2017. He worked as a mining analyst at Industrial Alliance Securities and Laurentian Bank Securities. Charles covered small and mid-cap exploration and production companies as a mining analyst. Charles holds a Bachelor of Science with a major in Earth and planetary sciences from McGill University.
Anthony Glavac has more than 17 years of experience in financial reporting, including over 12 years in the mining industry. Since August 2017, Glavac has served as vice-president, and corporate controller for Falco Resources, and previously served as director, financial reporting and internal controls at Dynacor Gold Mines. Glavac spent 10 years at KPMG, working with both public and private companies, providing audit, taxation, strategic advisory and public offering services. Glavac is also involved with other public companies in the mining industry.
Simon Hébert is a professional geologist with over 13 years of experience in mineral exploration, having begun his career with Virginia Mines and Osisko Mining. He has worked on numerous metallogenic projects across Baie-James, Nunavik, and the Northwest Territories. In 2019, he helped form NQ Mining Investment, becoming its general manager in 2023. A member of the Ordre des Géologues du Québec since 2012, Hébert also serves as vice president of the AEMQ and is chair of the Table Jamésienne de concertation minière. He holds a BSc in Geology from Université Laval.
François Goulet holds a master’s degree in structural geology from UQÀM and has extensive exploration experience in James Bay and internationally. He was recently president and CEO of Harfang Exploration, a gold project generator in Quebec. Goulet has worked with companies including Virginia Mines, Unigold, Maya Gold & Silver, the Canadian Malartic Partnership, and Glencore Canada. He is a board member of the AEMQ and a registered geologist with the Ordre des géologues du Québec since 2011.
Charles Kodors is the Manager, Atlantic Canada at Brunswick Exploration Inc. and has been with the company since January 2021. Having 15 years of experience in the mining and exploration industry, he most recently served as an exploration manager for Osisko Metals and a senior exploration geologist for Kirkland Lake Gold. Kodors received his B.Sc. from Brock University and is a registered professional geologist within the provinces of New Brunswick, Newfoundland, Nova Scotia, Ontario, Quebec, Manitoba and Saskatchewan.
Ms. Shayaan Belluzzo is a seasoned Corporate Secretary with over 8 years of experience of board governance and compliance, corporate restructuring matters for various global entities and investment vehicles, focusing on corporate regulatory and corporate governance best practices, and providing strategic legal support. Recently, Belluzzo also held key roles as Corporate Secretary of Windfall Mining Group and Assistant Corporate Secretary of Osisko Mining, supporting both companies during a $2.16 billion acquisition. Ms. Belluzzo’s diverse industry experience stems from her work in global investment, asset management, and law firms, including McCarthy Tétrault LLP.
