Bam Bam Resources Corp. (CSE: BBR) (OTC Pink: NPEZF) (FSE: 4NPB) announced that Larry Segerstrom has agreed to join the Company’s Advisory Board. Following a week-long detailed field, core, and detailed data review, Mr. Segerstrom was very encouraged by the strong porphyry signature shown by the Majuba Hill Project.
David Greenway, President & CEO, commented: “I am pleased that we are able to attract a geologist with Larry’s talent and porphyry copper background. His review of the core from our 2020 drilling provided immediate insight and confirmation for our staged exploration program at Majuba. It is extremely rewarding to have another accomplished professional on the Bam Bam team. I expect that Larry’s experience will bring an important element to understanding the extensive data we have compiled at Majuba. Our team in Nevada will be able to utilize his knowledge and background as they push forward with the 2021 exploration program at Majuba Hill.”
Mr. Segerstrom is a senior mining professional with 37 years of technical, operational, and business experience, including exploration, mine geology and operations. His past positions include COO of Paramount Gold and Silver Corp. and Manager of Geology of the Grasberg Mining District for Freeport-McMoRan. Mr. Segerstrom has been involved in several discoveries, including leading the teams that discovered and developed new resources of more than 750,000 ounces of gold and 60 million ounces of silver with Paramount, and new ore reserves totaling 3.4 billion pounds of copper and 3.6 million ounces of gold with Freeport.
He holds a M.Sc. in Economic Geology from the University of Arizona, a M.B.A. in Global Management, and is a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”).
2020 Exploration Update
During 2020, Bam Bam drilled 8,706 feet (2654 m) in 5 core and 4 reverse circulation (“RC”) holes. The 2020 exploration was a staged program applying all available drilling, geochemistry, and geophysical data to the copper porphyry mineralization at Majuba. The 2020 program was able to:
- Expand and enlarge the known copper oxide zone; and
- Expand and extend the hypogene sulfide copper mineralization.
A National Instrument 43-101 Technical Report was initiated in 2020 to provide a regulatorily compliant document and initial resource for Majuba. The report will be completed early in Q2 pending receipt of all 2020 assay results.
The project and core review by Mr. Segerstrom highlighted significant enrichment beneath the historic production workings. Native copper noted in MHB-9 (BBR news November 23, 2020) and chalcocite observed in historic drill core pointed to the potential for supergene mineralization extending from the surface to over 900 vertical feet beneath outcropping copper mineralization drilled in MHB-2.
The intrusive and extensive alteration intersected from top to bottom in holes MHB-8 and MHB-9 indicates the footprint of the Majuba Hill porphyry system is a minimum of 3,000-5,000 feet (1-1.5 km) across. When the visual observations of the porphyry alteration and sulfides from the deep Bam Bam core is combined with deep IP geophysics and soil geochemistry two new mineralized centers are apparent.
The culmination of the 2020 Bam Bam drilling was the deep core program which intersected extensive porphyry alteration with chalcopyrite, chalcocite, and bornite associated with widespread pyrite, arsenopyrite, and pyrrhotite. Three deep holes were drilled for a total of 4920 feet (1499.6 meters). Core has been submitted to ALS Minerals and assay results will be reported pending their receipt.
About Majuba Hill Property
Majuba Hill is a large contiguous land position controlling the emerging Majuba Hill Copper District, located northeast of Reno, Nevada. 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 Bam Bam Resources Corp.
The property is easily accessed via 23 miles of well-maintained dirt roads leading from U.S. 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 4 lane Interstate 80 highway, Union Pacific railroad tracks and adjacent power, natural gas, and fiber optic transmission lines in the rail – highway corridor.
Mining is a common occupation in the area with several small to world class mines operating in the Winnemucca – Lovelock area over the past several decades. A well-trained and experienced mining workforce pool is available in Nevada when labor and expertise are required.
The excellent location of Bam Bam’s Majuba Hill property, with already existing mining friendly infrastructure, will significantly reduce costs for exploration programs and future mining activities.
For further information on Bam Bam, please contact Joel Warawa VP of Corporate Communications by email at [email protected] or phone at 1 (855) 475-0745
Additional Information on the Company is available at: bambamresources.com
