Bam Bam Resources (CSE:BBR) Corp has said it is "very pleased" with recent core drilling samples from the ongoing drilling program at the Majuba Hill copper project in Pershing County, Nevada.
The company said the first drill hole ever drilled into the copper-gold target discovered extremely altered diorite beginning at 81 meters (m). Pyrite is common and occurs with chalcopyrite as the primary copper-bearing sulfide mineral. These appear to be the main sulfide minerals associated with the late potassic alteration veins, however, minor amounts of bornite were also noted, it said.
"The board and I couldn't be more excited with the preliminary results from our new discovery 2 kilometers (km) from our initial drill program,” president and CEO David Greenway said in a statement.
“I remain extremely optimistic that future drilling will show this as a possible extension to our already prospective copper asset,” he added.
READ: Bam Bam Resources receives results for 58 road cut-rock chip samples collected at Majuba Hill project in Nevada
Bam Bam said the new discovery is 1,700m east of the known copper oxide area at Majuba and it is currently carrying out a reverse circulation (RC) expansion and step-out drill program in the known copper oxide.
The company said core holes MHB-20 and MHB-22 are targeting the copper-gold target identified by soil geochemistry, geophysics, geologic mapping and compilation during the staged exploration work in 2020 and 2022.
The copper-gold target was initially identified from the soil geochemistry program completed around Majuba Hill. Follow-up mapping and rock chip sampling returned samples with gold values of 0.006 to 0.728 grams per ton (g/t) gold and copper values ranging from 30.5 parts per million (ppm) to 4,630 ppm (0.463%) copper.
A very strong association between copper, gold, and arsenic was outlined by the soils. These zones were strongly coincident with distinct magnetic anomalies from a drone magnetic survey completed in early 2021.
Bam Bam's flagship project is the Majuba Hill copper, silver and gold district, which sits 156 miles from Reno, Nevada.
The company is focused on later-stage copper and copper/silver/gold assets 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.
Contact the author at stephen.gunnion@proactiveinvestors.com