Bam Bam Resources CSE:BBR OTC:NPEZF

  • Gambler
  • Gambler's Avatar Topic Author
  • Offline
  • Platinum Member
  • Platinum Member
More
2 weeks 17 hours ago #125327 by Gambler
Gambler replied the topic: Bam Bam Resources CSE:BBR OTC:NPEZF
Great drill hit, news out today. I added to my position

2020-07-20 09:00 ET - News Release


Intersected 43 feet of 4.0% Cu and 204.4 g/t Ag
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2020) - Bam Bam Resources Corp. (CSE: BBR) (OTC: NPEZF) (FSE: 4NPA) ("Bam Bam" or the "Company") is pleased to report that core hole MHB-2 at the Majuba Hill Nevada flagship property has returned significant copper and silver values.

Starting from the surface MHB-2 intersected an outstanding interval of copper and silver. Using a length weighted average, MHB-2 returned extraordinary results:

146 feet from 0 to 146 feet @ 1.41% Cu and 97.6 ppm Ag including 28 feet from 12 to 40 feet @ 0.74% Cu and 120.8 ppm Ag and 43 feet from 91 to 134 feet @ 4.0% Cu and 204.4 ppm Ag
The interval is the drill length, true width of mineralization is not yet known. It is comprised of 34 samples with 33 of the 34 samples greater than 0.05% copper.

[1]The copper equivalent ("CuEq") value for the drill interval with MHB-2 is:

146 feet from 0 to 146 feet @ 2.38% CuEq
Copper CuEq% was calculated by converting length weighted silver values to copper using USD$17/ounce silver and USD$2.50/lb. copper.

The hole also had 10 feet of good gold values with:

10 feet from 122 to 132 feet @ 1.283 ppm Au including 3.5 feet from 127 to 130.5 feet @ 2.33 ppm Au
David Greenway, President & CEO, commented: "I couldn't be more excited about today's release! A clear and present confirmation on what I feel Majuba will continue to deliver. These MIDWAY point results in our planned drill program are really just a taste of what this property is evolving into. We have drilled 2 core holes which have absolutely demonstrated that the key elements are present for a significant copper, silver, and gold porphyry property at Majuba. We fully expect our in-progress RC drilling at the Majuba Ridge Extension Zone will expand the known oxide zone. This dollars in the ground approach is bringing Majuba forward as another major copper, silver, and gold porphyry project in Nevada. We remain open on all sides and at depth with grade continuing to improve at depth."

Significant Porphyry-Style Setting

The copper, silver, and gold mineralization occur in intrusive rocks with porphyry-style alteration. Three of the five intrusive assemblages at Majuba contain copper. Copper oxide mineralization at the surface is within the quartz-sericite-pyrite (QSP) zone. Surface geologic mapping and relogging of historic core holes has outlined alteration zonation, with a QSP zone that grades into a potassic zone. Oxidation at Majuba extends as deep as 800 feet. Significant sulfide copper mineralization has been drilled in historic drill hole MMX-24 at the QSP/Potassic boundary.

Please Log in or Create an account to join the conversation.

More
2 months 1 week ago #125099 by GoldnBoy
GoldnBoy replied the topic: Bam Bam Resources CSE:BBR OTC:NPEZF
The move above 12 cents is a clear break out on the chart, this could continue much higher

Attachments:

Please Log in or Create an account to join the conversation.

More
2 months 1 week ago #125097 by lynnsa10
lynnsa10 replied the topic: Bam Bam Resources CSE:BBR OTC:NPEZF
Nice move in the stock today, news on this drill core must be getting around. I have a good position, ready for higher prices

Please Log in or Create an account to join the conversation.

More
2 months 2 weeks ago #125092 by GoldnBoy
GoldnBoy replied the topic: Bam Bam Resources CSE:BBR OTC:NPEZF
I am no expert, but the core looks good. I think we have copper there. I bought a good position as well. Lets go Bam Bam

Please Log in or Create an account to join the conversation.

More
2 months 2 weeks ago #125090 by alexgreat
alexgreat replied the topic: Bam Bam Resources CSE:BBR OTC:NPEZF
Gambler, great idea. I bought a position. Did you see the news today and pictures of the core, it looks good to me



Attachments:

Please Log in or Create an account to join the conversation.

  • Gambler
  • Gambler's Avatar Topic Author
  • Offline
  • Platinum Member
  • Platinum Member
More
2 months 2 weeks ago #125088 by Gambler
Gambler created the topic: Bam Bam Resources CSE:BBR OTC:NPEZF
I got permission from RonS to use some of his report to start this topic. I have bought a good position in the stock.



Highlights

New company, new story with tight share structure;
Exceptional exploration expertise through Hunsaker Inc. (Buster Hunsaker);
Very good address in Nevada with good access and infrastructure;
First time the entire project area under one ownership;
Property held privately by Hunsaker since 2006;
Historical work and recent work since 2006 (35 drill holes) d-risks exploration;
Current exploration plan and drilling fully funded;
Stock is under the radar with a very low valuation.

""Previous work on the property almost guarantees success now. I spoke at length about the project with Buster Hansacker that has been familiar with the project for decades and knows it like the back of his hand. Some key and important points is that in the past, different entities owned different parts of the project and even owning just underground rights. This made it very very difficult for a project wide exploration focus. Copper and gold prices were way lower in the past as well and what was not economic gold in the 1970s - is now, especially in Nevada. There is a good chance this could be an economic gold mine, without the copper. There is also rich silver and lead.

Back in the early 1900s, they just mined out the high grade. This would be multi ounce gold per ton and copper that was probably over 10% grade. Noted above is historic production at 12% copper with 2 to 3 ounces for silver. I have no doubt there is a lot of good grade material left behind. Note the gold at 0.15 opt. This equates to 4 to 5 grams per ton. They are now mining gold in Nevada at 0.5 g/t and even less. The Pipeline is one of the higher grade mines at 1.4 g/t.

Past couple juniors who optioned the project, loved it, but with the difficult market conditions were unable to keep raising financings and had to let their options go, reverting back to Buster Hansacker. Their work did provide very positive results and more valuable information.


On April 14th, Daniel-Carl Eigenmann joined Bam Bam's board of advisers. Mr. Eigenmann is a founder and the president of the board of directors for Iko Capital AG, a leading Wealth Management firm based in Zug, Switzerland. Prior to founding Iko Capital AG, Mr. Eigenmann was the executive director of DE Investment and Consulting AG until its acquisition. As part of Mr. Eigenmann's 36-year career in the financial markets, Mr. Eigenmann held the position of vice-president of investment banking at UBS Zurich and St. Moritz for 15 years as well as vice-president of wealth management at Liechtensteinishce Ladesbank Vaduz. Mr. Eigenmann has a degree from the University of Cambridge and a business economist diploma from the Graduate School of Business Administration, Zurich.""

Please Log in or Create an account to join the conversation.

Moderators: RonS
Time to create page: 0.270 seconds
© 2019 Playstocks.net. All Rights Reserved. Designed By JoomShaper