Bam Bam Samples 0.89% Cu and 0.638 g/t Au at Majuba Copper Project
on Newsfile Corp
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OUR NEW PROFILE IS: 🇺🇸NPEZF
🇨🇦(CSE: BBR)
We don’t have enough copper supply to meet demand. That’s a give-in. With infrastructure plans, clean energy demands, a gap in copper supply, and pent-up demand for EVs, Copper is proving to be an extremely hot commodity.
NPEZF Has DOUBLED since mid September on above average interest and has been holding it’s gains on the back of an extremely Bullish chart.
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Hello Everyone,
We saw sone incredible profiles in October and we kicked November off with a bang. When we sent our last profile out it was sitting just above .80. Within minutes this one hit $1.48 for a super quick 80% move. We saw some of you on Twitter did quite well with it. Some didn’t. What happened certainly wasn’t anticipated.
This next one is lower priced and has been stable for quite a while now.
This company is Operating World’s Number 1 Mining Jurisdiction:
Bam Bam Resources (OTC: NPEZF) (CSE: BBR) is a next-gen mining company engaged in the business of acquiring, exploring, and developing prospective copper properties directly in response to the growth of the electric vehicle (EV) industry. Bam Bam Resources aims to build a portfolio of copper projects in future mining-friendly jurisdictions, focusing on high-grade, prospective copper properties in North America.
Its 100% controlled Majuba Hill Project could go a long way in accomplishing that goal. With a prominent contiguous land position, located northeast of Reno, Nevada, this district-scale copper, silver, and gold project consists of extensive mineral and surface rights held by private ownership, patented mining claims, and Federal Lode Mining claims, 100% controlled by Bam Bam Resources Corp.
The property is also easily accessed by 23 miles of well-maintained roads leading from U.S. Interstate 80. Reno and Elko are the principal supply centers for exploration and mining activities in Nevada. The existing highways are sufficient for transportation of exploration-size heavy equipment.
Nevada is now ranked as the number 1 mining jurisdiction in the world, according to Fraser Institute. The fact that Bam Bam has 100% controlling interest in a property in the heart of that state could be colossal.
Historical mines in and around Majuba have also produced the following earth-shaking numbers, which adds credence to the claim:
- Roughly 2.8 million pounds of copper
- Approximately 184,000 ounces of silver
- Nearly 21,000 pounds of tin
- About 5,800 ounces of gold
- Undisclosed amounts of lead and zinc
Copper could be one of the top investment trends of this year and beyond, and if you didn’t know why before, you’re about to learn real quickly.
As of early October, we’ve seen copper mining giants like Freeport-McMoran pop 107.72%, and Capstone Mining skyrocket 236.88% over the past 52-weeks. Meanwhile, as the S&P 500 chugged to a 52-week move of 30.19% as of October 1, the Global X Copper Miners ETF, an index of copper miners, easily rallied 54.48% in comparison.
Physical copper also touched a record high earlier this year too because of several factors.
Despite mounting economic headwinds, including inflation, supply chain issues, and a global energy crisis, copper may not only be immune. It could thrive.
If the Fed tightens its monetary policy in a matter of weeks, fear not. Copper, and especially those who mine it, could win the day.
Copper may be strong a play as any during these times. Traditionally, this metal is considered a strong play when inflation and economic activity heats up because its day-to-day properties are essential. It conducts heat and electricity and is malleable. It’s commonly used in electrical equipment such as wiring and motors. It’s also valuable for construction (for example, roofing and plumbing) and industrial machinery (such as heat exchangers).
Not to mention, computers and other electrical devices use significant amounts of copper. Copper wiring is also likely powering wherever you are and probably behind all of your pipes and plumbing,
An especially pressing potential catalyst for copper is how many consider it “the king of the ‘green metals’” and a crucial component of solving the world’s most pressing environmental quandaries. “Almost every single solution drives you to copper – solar power, wind power, hydro power, and pure electric and fuel-cell electric vehicles,” said founder and executive co-chairman of Ivanhoe Mines Robert Friedland in a joint statement with non-executive co-chairman Yufeng “Miles” Sun.
According to Global X ETFs, “cleantech and renewables projects, as well as infrastructure development, represent significant growth opportunities for copper, with substantial amounts of copper required to rebuild modern infrastructure and energy systems.”
We’re in the final quarter of 2021, and prices remain robust. There is plenty of optimism that this metal is re-entering a bull market. Many analysts and companies expect copper to boom in the coming years, with electrification and electric vehicles growing in popularity and subsequently increasing the world’s appetite for copper. In the near term, there are several U.S. spending packages on the table that not only could drive up inflation even more but stimulate even more copper demand. We have a $1 trillion bipartisan infrastructure deal allocating $550 billion in new money towards roads, bridges, ports, waterways, railways, public transit, clean energy, and broadband.
There’s also a $3.5 trillion spending package that includes aggressive measures to combat climate change with more clean energy and green mineral demand.
EVs could be one of the biggest beneficiaries from BOTH of these proposals.
Yet, do you have any idea how much copper EVs require?
“While conventional cars have 18-49 pounds of copper, hybrid electric vehicles (HEV) contain approximately 85 pounds, plug-in hybrid electric vehicles (PHEV) use 132 pounds, battery electric vehicles (BEVs) contain 183 pounds, a hybrid electric bus contains 196 pounds, and a battery electric bus contains 814 pounds.”
EV growth could be even more rapid than we thought, too. In its latest annual Electric Vehicle Outlook, BloombergNEF (BNEF) projected global sales of zero-emission cars to rise from 4% of the market in 2020 to 70% by 2040.
BNEF also estimated EVs to be a $7 trillion global market by 2030 and a $46 trillion market by 2050.
Even major automakers are going electric. General Motors just announced it’ll boost global spending on EVs to $435 billion through 2025. Ford has also committed to investing more than $30 billion in vehicle electrification through 2025. It has previously said that it plans on at least 40% of its global sales volume to be EVs by 2040.
This could cause demand for miners supplying copper, like Bam Bam Resources (OTC: NPEZF)(CSE: BBR), to reach unprecedented short-term and long-term heights.
As said by Citibank, “prepare for a decade of Dr. Copper on steroids.”
NPEZF has doubled since September and is holding it’s gains with stronger interest in October.
MAJUBA HILL
PROJECT OVERVIEW
At Majuba Hill the property access, climate, and physical setting are all favorable. The site is remote from large population centers but not so much that it has wilderness value. Normal weather and climate of the area would not hinder year-round access or interfere with exploration and mining activities.
The project shows indications of a potentially large Cu – Ag +/- Au mineralized body with many features in common with both large porphyry copper and silver – tin type mineralization. Small scale historic mining concentrated on the Majuba fault zone and veins in subordinate structures. Drilling has identified a body of oxide copper-silver mineralization, but this body has not been fully defined or properly modeled to produce a mineral resource estimate. A few deeper drill holes, IP geophysical surveys, and surface geochemistry have tentatively identified target areas with potential to significantly expand the mineralization.
LOCATION & INFRASTRUCTURE
The Majuba Hill property is 113 road km (70 miles) southwest of Winnemucca, Nevada, and 251 km (156 miles) northeast of Reno. Access is by well-maintained county roads from the Imlay, Nevada exit on U.S. Interstate 80, and traveling westward 23 miles. The project is in north central Pershing County, about 172 km (107 miles) northeast of Reno, Nevada. The nearest supply center is Winnemucca, Nevada. Winnemucca offers food, lodging, fuel, and some exploration services. All mineral exploration services including supplies, analytical laboratories, and drilling service companies are available in Reno or in Elko, Nevada, about 210 road miles to the east of the project. Reno and Elko are the major supply centers for exploration and mining activities in Nevada. The nearest airport with commercial service is Reno, Nevada.The 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. A few four-wheel drive roads and ATV trails provide access to the main target areas. 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 that will flow to where it is needed.
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Majuba Hill is a porphyry copper silver prospect located 70 miles southwest of Winnemucca, Nevada, 156 miles east-northeast of Reno
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Previous drill results include: 113m at 0.45% Cu, 72.5m at 0.38% Cu, 86.8m at 0.27% Cu, 47.4m at 1.06% Cu
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Majuba Hill has a history of production, a database of previous drilling, encouraging geochem results and good tonnage potential
- A staged exploration program will target the original mine area and at depth below the historic workings
HISTORIC PRODUCTION
The Majuba Hill property is 113 road km (70 miles) southwest of Winnemucca, Nevada, and 251 km (156 miles) northeast of Reno. Access is by well-maintained county roads from the Imlay, Nevada exit on U.S. Interstate 80, and traveling westward 23 miles. The project is in north central Pershing County, about 172 km (107 miles) northeast of Reno, Nevada. The nearest supply center is Winnemucca, Nevada. Winnemucca offers food, lodging, fuel, and some exploration services. All mineral exploration services including supplies, analytical laboratories, and drilling service companies are available in Reno or in Elko, Nevada, about 210 road miles to the east of the project. Reno and Elko are the major supply centers for exploration and mining activities in Nevada. The nearest airport with commercial service is Reno, Nevada.The 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. A few four-wheel drive roads and ATV trails provide access to the main target areas. 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 that will flow to where it is needed.
Despite Copper’s Dip From Records, Its Outlook For the Rest of 2021 and Beyond is “Green Hot”
Copper earlier in the year went on a record-setting run. Almost exactly a year ago, on October 2, 2020, the metal was trading as low as roughly $2.835. It promptly rallied 72.13% to its all-time high of about $4.88 on May 10, 2021. So while it since has pulled back to roughly $4.09 as of October 1, 2021, it may be seeing a sharp recovery as inflation heats up some more. For instance, as the major indices dropped in September, copper managed to rally.
EXPLORATION MODEL
Between 2007 and the present, 35 holes with a total of 18,584 feet were drilled at Majuba. Prior to this, 28 holes with a total of 23,316 feet were drilled between 1920 and 1975. Drill logs and assays for the historic drilling are available in various formats. The modern (2007 and later) drilling records are in very good condition and have been converted to electronic format along with all assay certificates and results. Core and chips are stored in Elko, Nevada for the modern drilling. Drilling has shown significant intercepts of low grade copper and silver in both oxide and sulfide mineralization.
2020 DRILL PROGRAM
HISTORIC DRILL PROGRAM HIGHLIGHTS
- Most important hole to date is MMX-24: 366 meter hole that intersected 113m @ 0.45% Cu from 222.5 to 335.5 m
- This high grade interval is within a thick zone of copper mineralization
- The hole also had 123m @ 8.5 g/t Ag
- Shallow oxide mineralization is prominent at Majuba Hill
Since 1941 there have been seven drill campaigns that drilled 74 holes at Majuba Hill. Six by exploration companies and one by the U.S. Bureau of Mines. Prior to 1970, 16 holes (1,114 m/3656 feet) were drilled by Freeport Sulfur Company (1942) and the U.S. Bureau of Mines (1948). Since 1970, 13,906 meters (45,622 feet) in 58 core and RC holes was completed at Majuba.
We have constructed a detailed geologic model using all of the drill data. This 3D GIS model gives us a solid spatial platform to visualize the Known Oxide Zone and expand it into the much larger Majuba Oxide Extension Area.
Historic surface drilling has delineated an outcropping copper and silver oxide zone. Historic core holes drilled by Max Resources and described in the technical report prepared for Galileo Exploration Ltd. in May 2017 (NI43-101 Technical Report, Majuba Hill Project, Pershing County, Nevada, A.J. Morris CPG QP) returned good oxide copper in a discrete area around the historic underground workings.
These include:
· MM-05: 89.2 m @ 0.27% Cu from 0 to 89.2 m
· MM-06: 47.4 m at 1.06% Cu from 0 to 47.4 m
· MH-7: 97.5 m at 0.33% Cu from 25.9 to 123.4 m
· MG1703: 20.4 m at 0.71% Cu from 102.9 to 123.3 m
All drilling combined suggests that the total Majuba Hill Potential is for 350-500 million tons in sulfide and oxide mineralization at grades estimated to be 0.3 to 0.4% Cu, 9 to 14 ppm Ag, and 0.175 to 0.25 ppm Au.
MAJUBA GEOPHYSICS
When all of the geological and drilling data is integrated with the magnetic and IP surveys it presents extremely compelling evidence that the sulfide copper porphyry mineralization known from MMX-24 and other historic deeper holes extends southwesterly.
There is a distinct association between the Magnetic Survey results and high copper values in historic drilling and underground mining. Three-dimension grade modeling of the known oxide copper mineralization shows copper values increasing to the south. The oxide copper mineralization is along the edge of the eastern magnetic low.
A strong IP chargeability high is oriented southwest-northeast and the high-grade copper values in MMX-24 occur along the margins of the chargeability high. No drilling has been done to test this chargeability high.
LOCATION
NEWS
Bam Bam Adds Second Drill at Majuba Hill Porphyry Copper Project
on Newsfile Corp
Bam Bam Starts Drilling at Majuba Hill Porphyry Copper Project
on Newsfile Corp
Bam Bam Engages Driller for Majuba Hill Porphyry Copper Project
on Newsfile Corp
Bam Bam Resources Provides Company Update to Shareholders
on Newsfile Corp
MANAGEMENT TEAM
David Greenway
President & CEO
Mr. Greenway brings more than two decades of experience in managing, financing and developing growth strategies for various TSX Venture Exchange- and Canadian Securities Exchange-listed companies, including involvement in acquisitions, business valuations and investor relations. His key expertise lies in the management and development of junior public resource companies, especially in the mining, and oil and gas sector. He has held directorships, senior management and business development positions, including his role as the chief executive officer of Stamper Oil & Gas Corp., Veritas Pharma Inc., Chief Consolidated Gold Mines, SNS Silver Corp., Moneta Resources Inc. and Sterling Mining Company and his board position in Mountain View Conservation Centre. Mr. Greenway attended University in Bournemouth England, where he studied accounting and finance.
Natasha Sever
Chief Financial Officer
Ms. Sever is a CPA designated in both Canada and Australia with a BCom from Edith Cowan University. She joins the company with more than 10 years of experience in senior finance roles over a wide range of industries, including mining, retail and technology. Ms. Sever has held officer positions at a number of publicly listed companies in both Canada and Australia and has a proven record of working in alignment with and to the benefit of the board and associated stakeholders. Her extensive experience with company financings as well as Toronto Stock Exchange and Australian Securities Exchange regulatory compliance will serve to ensure the company manages its affairs in a transparent and proper fashion.
Joel Warawa
VP of Corporate Communications
Mr. Warawa has over twenty years of experience in public and private businesses as a financial and marketing consultant including business development, negotiations, mergers and acquisitions, and increasing brand awareness in a broad spectrum of markets including commodities, automotive dealerships, and the mining sector. He previously worked with the largest auto group in Canada at the dealership level including Audi, BMW, Infiniti, and Mercedes-Benz assisting in productivity and efficiency. He has also experience running businesses and has been the owner operator of multiple small businesses throughout Canada and has seen tremendous success with them throughout the years.
Kelly Pladson
Corporate Secretary
Ms. Pladson has acted as Corporate Secretary and provided corporate governance and regulatory compliance services to many TSX Venture and CSE listed companies since 2009. She works closely with the company’s CEO and legal counsel in maintaining corporate records, managing the day to day operations of the company and ensuring the company’s filings with the securities commissions and exchanges are accurately filed and in accordance with their deadlines. Prior to 2009, Ms. Pladson was an investment advisor’s assistant for two years.
Yari Nieken
Director
Mr. Nieken has an extensive range of public company and capital market experience. As a founder of Foremost Capital Inc., an exempt market dealer, he continues to provide in depth consulting for numerous publicly listed issuers in the health care, mineral extraction, technology, and wellness industry. Throughout the years, he has served on the boards and as an officer of several public and private issuers. His involvement in those companies has led to the numerous financings that raised substantial capital in his career. He was formerly an investment adviser at Union Securities Corp., where he gained a variety of knowledge in the public market. Mr. Nieken holds a Master of Business Administration (MBA) from the Sydney Graduate School of Management and a Bachelor of Arts from the University of British Columbia.
Bryson Goodwin
Director
A practiced international executive Bryson Goodwin brings over 25 years’ experience in finance, management, investor relations and operations in both private and public companies with an operational, market and banking track record in the Resource, Oil/Gas, Technology and Biotechnology sectors. He’s been engaged by a number of resource, energy, cleantech and technology firms, including holding “C” level executive positions in the resource and energy sectors. Mr. Goodwin also sits on the board of a number of public and private companies. He is well known for his early involvement / corporate turnaround of Klondex Mines and his instrumental role in its transition, finance and marketing from explorer to producer.
Brad Dixon
Director
Mr. Dixon is an attorney based in Boise, Idaho, and a partner with Givens Pursley LLP. He is the co-chair of the Givens Pursley Litigation Group and focuses his practice on a variety of complex commercial litigation matters. In his 20 years of experience, Mr. Dixon has amassed a significant portfolio of trial experiences in a variety of commercial disputes including construction litigation, secured transactions, real estate, employment, and natural resources. He is a graduate of Boise State University where he earned a Bachelor of Science in Political Science (1997) with an emphasis on constitutional law and public policy and received his Juris Doctor from Willamette University College of Law (2000) in Salem, Oregon.
John Ryan
Advisory Board
Mr. Ryan has been an active entrepreneur in the resources sector for over twenty years. He has extensive experience in the natural resource sector having served as an officer and/or director of companies such as Bunker Hill Mining, Premium Exploration, Cadence Resources. High Plains Uranium, U.S. Silver Corporation, and Western Goldfields, Inc. Mr. Ryan has extensive executive experience with start-up companies and provides valuable insights regarding mining and other operations as well as public company expertise. Mr. Ryan has also acted as a professional Director in a number of cases of turnaround and/or distressed company scenarios. Mr. Ryan obtained a B.S. in Mining Engineering from the University of Idaho in 1985 and a Juris Doctor from Boston College in 1992.
Dr. Mike Ressel
Advisory Board
Dr. Ressel currently works with Mine Development Associates (a division of RESPEC), a consulting company that conducts mineral resource studies for the mining industry. Prior to MDA, Mike was an economic geologist and assistant professor for the Nevada Bureau of Mines and Geology at the University of Nevada, Reno (“UNR”), where he led field-based studies and published numerous papers on ore deposits of the Great Basin, conducted quadrangle mapping, taught courses and advised graduate and undergraduate students in economic geology, and engaged in extensive public service. Prior to UNR, Dr. Ressel spent more than 15 years working in mining and exploration. He was chief geologist for North America for Newmont for several years, which followed several years working in mine production and development as well as near-mine and generative exploration for Newmont, Kinross, and Victoria Resources in the Great Basin, Alaska and other parts of the U.S., Western Canada, Mexico, Africa, and Australia. He also worked for 5 years in geotechnical and groundwater consulting. Dr. Ressel obtained his PhD from UNR, and is a fellow with the Society of Economic Geologists, an AIPG certified professional geologist, and active in many professional geoscience and mining organizations.
Buster Hunsaker
Advisory Board
Buster has been engaged in exploration and evaluation of quality mineral deposits for 40 years in the western United States, Mongolia, and Argentina. In 1995, Hunsaker Inc. was formed as a full-service, geological consulting business providing field services and all aspects of prospecting, early-stage exploration, and project management to mineral exploration companies. Hunsaker Inc. has been retained by numerous junior Canadian mining and exploration companies as well as major Nevada gold companies including Barrick Gold Corporation, Newmont Exploration, AngloGold Mining, Vista Gold, and Kennecott. Prior to forming Hunsaker Inc. he was employed by mid-size and major mining companies, including Newmont, Atlas Precious Metals, and Echo Bay, as Project Geologist, Senior Geologist, and Chief Mine Geologist.
John Percival
Advisory Board
Mr. Percival is an accomplished entrepreneur and board member of several private and public mining companies in Australia, Canada and the United States. Previously as General Manager of Investments with Barclays Bank New Zealand Ltd., he was a successful fund manager where he managed over $450-million. Recently, he has played an integral role in raising over $100-million for resource investments in both Australia and New Zealand.
With over 50 years’ experience in the financial markets with a focus on mining, he is considered an expert and specialist in investment strategies, with a special interest in precious metals, commodity markets and global investments. His experience and well-established network have assisted in funding numerous mining companies both private and public. He is considered by many to be a “go to” source for advisement on mining assets globally.
Larry Segerstrom
Advisory Board
Larry Segerstrom is a senior mining professional with over 35 years of technical, operational, and business experience, including exploration, mine geology and operations.
Mr Segerstrom is currently Director of Almadex Minerals Limited. Past management positions include COO of Paramount Gold and Silver Corp and Senior Manager of Geology of the Grasberg Mining District for Freeport-McMoRan. Larry 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, a M.B.A. in Global Management, and is a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”). Larry is fluent in both English and Spanish, having grown up in Chile and worked there and in Mexico for 14 years.