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Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") would like to provide an update for the ongoing analysis of the samples from the 2021 core and reverse-circulation ("RC") drill program at the Majuba Hill Project in Pershing County Nevada.
Bam Bam drilled 4,539.5 meters (14,893.5 feet) in sixteen holes. The drill program was designed to complete in-fill, stepout, and new exploration holes for three areas.
- Majuba Known Copper Oxide (In-fill and Stepout)
- DeSoto Copper Oxide Target (Stepout)
- Copper-Gold Target (New Exploration)
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6332/111271_3efd48ccb4fb4bf8_001full.jpg.
A total of 3,167 samples were submitted to the ALS USA Inc. sample Prep Facilities in Reno and Elko, Nevada. Bam Bam has an active tracking program and the sample status information provided by ALS indicates all assays should be complete by early February. Assay results will be reported as soon as the results are integrated into the database and the QA/QC analyses are complete.
David Greenway, President and CEO, commented: "I am very pleased with the progress made on the Majuba Hill District in 2021 and we eagerly await the results from the latest round of drilling. We know that the high grade is present at Majuba, as seen with previous intersects like 43 ft of 4% Cu with MBH-2.
With the visual reports made on the newly discovered diorite, we expect the core assays to show us the importance of what we have discovered. This will help us to plan for to expanding the mineralization in this significant Copper-Gold Porphyry deposit."
| Hole | Target | Type | Azimuth | Angle | Length (m) | Length (ft) |
| MHB-10 | Known Oxide | RC | 0 | -90 | 257.6 | 845 |
| MHB-11 | Known Oxide | RC | 0 | -70 | 152.4 | 500 |
| MHB-12 | Known Oxide | RC | 0 | -45 | 213.4 | 700 |
| MHB-13 | Known Oxide | RC | 0 | -90 | 208.8 | 685 |
| MHB-14 | Known Oxide | RC | 0 | -90 | 356.6 | 1170 |
| MHB-15 | Known Oxide | RC | 0 | -90 | 304.8 | 1000 |
| MHB-16 | Known Oxide | RC | 0 | -90 | 196.3 | 644 |
| MHB-17 | Known Oxide | RC | 0 | -90 | 243.8 | 800 |
| MHB-18 | Known Oxide | RC | 0 | -90 | 243.8 | 800 |
| MHB-19 | Known Oxide | RC | 110 | -45 | 54.9 | 180 |
| MHB-20 | Copper-Gold | Core | 10 | -70 | 310.0 | 1017 |
| MHB-21 | Known Oxide | RC | 252 | -80 | 454.2 | 1490 |
| MHB-22 | Copper-Gold | Core | 140 | -60 | 549.4 | 1802.5 |
| MHB-23 | Known Oxide | RC | 0 | -90 | 304.8 | 1000 |
| MHB-24 | Known Oxide | RC | 90 | -45 | 243.8 | 800 |
| MHB-25 | DeSoto | RC | 0 | -90 | 140.2 | 460 |
| MHB-26 | DeSoto | RC | 0 | -90 | 304.8 | 1000 |
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.
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Figure 1: Ganymede location with reference to Butchers Creek and Mt Bradley gold mines
Figure 2: Schematic geology cross section and associated IP anomaly of the Butchers Creek gold deposit and Ganymede gold target