Bam Bam Resources Corp (CSE:BBR) (OTCPINK:NPEZF) (FRA:4NPB) announced Friday that a drone magnetic survey by Zonge International Inc is underway at the Majuba Hill Porphyry Copper Project in Pershing County, Nevada.
The magnetic coverage is being expanded because of the very encouraging results from a 2018 ground magnetic survey over part of the project area, the company said in a statement.
The 2018 survey covered the known oxide, the oxide extension, and the sulfide target zones. Two magnetic lows were interpreted from the data and a distinct association was observed between the magnetic lows and high copper values in historic drilling, surface geochemical sampling, and the historic underground copper mine at Majuba.
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Bam Bam said high-grade copper values reported in its 2020 drilling program are along the southern edge of the eastern magnetic low. Porphyry-style pyrite, pyrrhotite, chalcopyrite, and arsenopyrite associated with quartz-sericite-pyrite (phyllic) and possible potassic alteration was logged in the recent deep core holes and is highly correlative with the 2018 survey.
The company said the detailed magnetic geophysical information from the drone survey will provide guidance for expanding the mineralization at Majuba Hill.
"The porphyry copper fingerprint we are seeing in the geophysical data is very encouraging,” said CEO David Greenway. “I am pleased that we can get the field crews on the project and advance this phase of our 2021 exploration program. Majuba is emerging as a large-scale copper project and working in a safe jurisdiction like Nevada allows Bam Bam to be very effective with our exploration dollars."
Bam Bam said Majuba Hill is a large contiguous land position controlling the emerging Majuba Hill Copper District northeast of Reno. The project is comprised of extensive mineral and surface rights held by private ownership, patented mining claims, and Federal Lode Mining claims that are 100% controlled by the company.
The property is easily accessed via 23 miles of well-maintained dirt roads leading from Interstate 80. Reno and Elko are the major supply centers for exploration and mining activities in Nevada. The existing highways are sufficient for transportation of exploration-size heavy equipment.
Development logistics would use the four-lane Interstate 80 highway, Union Pacific railroad tracks and adjacent power, natural gas, and fiber optic transmission lines in the rail-highway corridor.
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