Bam Bam Resources (CSE:BBR) Corp said “extremely encouraging” results from a soil sampling program have extended the target at its Majuba Hill porphyry copper project in Nevada.
The company said 997 soil geochemical samples were collected to extend existing copper, silver, and gold anomalies. Two very significant zones of copper/silver/gold were identified at the DeSoto copper oxide target and the newly identified copper-gold target.
"While the step-out and in-fill drilling continues on our Majuba known copper oxide zone, it is encouraging for the surrounding targets to continue to get larger,” president and CEO David Greenway said in a statement.
“During these economic times when new, large copper deposits are rare, I am very pleased to have a project like Majuba expanding so quickly.”
READ: Bam Bam adds second drill at Majuba Hill porphyry copper project
Bam Bam reported that a very large, multi-point copper/silver anomaly at the DeSoto oxide target was extended an additional 274 metres (m) northward. The new copper-gold target zone is over 1,600m across and is a completely new target zone emerging from the data.
Geologic mapping during 2021 identified ferricrete zones with iron-oxide cemented colluvial gravels. These zones occur adjacent to topographic ridges and drainages that appear to confine weakly anomalous copper, zinc and iron. Additional surface sampling is planned prior to drill testing, the company said.
Most of the target is located on private land wholly controlled by Bam Bam with a small portion located on Bam Bam's unpatented lode mining claims.
Bam Bam Resources (CSE:BBR) 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 company’s flagship project is the Majuba Hill copper, silver and gold district located 156 miles outside Reno, Nevada. Management has been mandated to focus on safe, mining-friendly jurisdictions where government regulations are supportive of mining operations.
Contact the author at stephen.gunnion@proactiveinvestors.com