Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZD) updated Monday on exploration at its flagship Majuba Hill property in Nevada where the firm is awaiting assays from three deep core holes, now completed, and it is finalizing work for next year.
The holes were sunk for a combined total of 1,499.6 metres (m) depth in a bid to expand the sulfide copper porphyry mineralization found in historic drilling and extend the known oxide mineralization.
READ: Bam Bam Resources says deep core drilling now underway in Nevada
Notably, "quick-logging" of the core on site was encouraging, the firm said, with copper oxide, disseminated sulfides, sulfides in stockwork veins, and native copper observed.
"I am pleased with the substantial progress at Majuba this year," said David Greenway, the CEO of Bam Bam said in a statement.
"Our staged exploration approach continues to advance the project and provide encouragement that Majuba will become an important copper, silver, and gold porphyry project. I look forward to receiving the assay results from the deep core drilling."
Bam Bam also noted that it has a detailed drone magnetic survey scheduled for late December this year or early January 2021, which will add to the ground magnetic survey data collected in 2018.
The firm added that property-wide geochemical and geophysical programs are proceeding well with initial soil sample results expected in four to six weeks.
"Bam Bam's drilling and exploration program for next year is being finalized. The property-wide work will incorporate and expand the ongoing soil geochemistry and the deep IP geophysical surveys. The programs are planned to guide the District Level exploration at Majuba Hill. Final program layouts will be completed after all drill results have been returned," the explorer added.
Majuba Hill spans 4,822 acres of surface and mineral rights, which include three patented lode claims and 632 acres of privately-owned surface and minerals. It is accessed via 23 miles of well-maintained dirt roads leading from US Interstate 80.
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