Bam Bam Resources (CSE:BBR) Corp said a second drill rig is being added at its Majuba Hill porphyry copper project in Pershing County Nevada to expand the footprint of the deposit following pleasing results from its first drill rig.
The company said it has engaged Falcon Drilling to drill 914 metres (m) of core at the project, which is located 156 miles outside Reno, Nevada.
Reverse circulation (RC) drilling with rig one began at the beginning of October and is making tremendous footage production, it said. The ongoing RC drilling program is focused on in-fill and expansion of the known oxide copper mineralization identified in previous drilling and mining at the historic underground Majuba Hill mine.
READ: Bam Bam Resources discovers second oxide copper zone at Majuba Hill
"I am very pleased that we are adding a second rig at Majuba,” President and CEO David Greenway said.
“Bam Bam's drilling at Majuba has always been based on a systematic, staged exploration approach and it is exciting that the results are driving an expanded drill program."
Bam Bam said core drilling will target the copper-gold target. Widespread soil geochemistry completed this summer has outlined a distinct copper-gold zone in a granodiorite intrusive.
A mafic dike zone also cuts the widespread granodiorite intrusive. A small portion of the dike zone was mined by underground methods in the early 1900s at the historic Last Chance Mine.
It said the zone is strongly coincident with a distinct magnetic anomaly from the Drone Mag Survey and a high-chargeability corridor from the most recent Induced Polarization/Resistivity Survey.
Bam Bam also announced it has granted an aggregate 6,300,000 restricted share units (RSUs) to consultants and a director of the company.
The RSUs are valid for a one-year term and are governed by its RSU plan, approved by shareholders on December 2, 2019.
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