Bam Bam Resources (CSE:BBR) Corp has reported that deep core holes sunk last year have pointed to the large copper porphyry potential at its flagship Majuba Hill project in Nevada, USA.
One core hole drilled around two kilometres (km) southeast of the outcropping copper oxide in the historic mine area hit more than 365.8 metres (m) of granodiorite with extensive porphyry-style alteration, the firm highlighted in a statement.
Bam Bam sank 859.4m in two core holes last year and they were targeted to drill into the copper-gold soils target coincident with a large magnetic zone that surrounds the Rhyolite Intrusive Assemblage Rocks at Majuba Hill. In addition, a deep, northeast-trending Induced Polarization (IP) high also crosses the copper-gold target.
Relationships between the Granodiorite and the Rhyolite Assemblage Rocks indicates a "very robust, strongly mineralizing magma chamber", said Bam Bam.
READ: Bam Bam Resources encouraged by Majuba Hill drilling, which shows potential for 'billion ton copper, silver, gold porphyry deposit'
The granodiorite is probably related to the magma chamber that produced the copper at Majuba Hill, it added.
"We are thrilled about the discovery of granodiorite porphyry underlying areas with drill results of significant copper," said David Greenway, CEO of Bam Bam in a statement. "This discovery strongly supports that Majuba Hill is a District size copper deposit with a billion-ton potential."
Majuba Hill sits 156 miles outside Reno, in Nevada, USA - a Tier 1 mining district. Bam Bam has 100% control of the emerging Majuba Hill copper district by private ownership, patented mining claims, and Federal Lode mining claims
The existing highways are sufficient for transportation of exploration-size heavy equipment. Development logistics would use the four-lane Interstate 80 highway, (Union Pacific (NYSE:UNP)) railroad tracks and power, natural gas, and fiber optic transmission lines in the rail-highway corridor, the company said.
Contact the writer at giles@proactiveinvestors.com