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Be the first with the news that moves the market- Bam Bam Resources (CSE:BBR) has identified five new silver zones on its Majuba Hill property in Nevada
- The company identified the targets using historic data from the Nevada Bureau of Mines and the US Bureau of Mines archived records
- The five new silver zones align with an oxide copper zone and three gold zones already identified on the project
- Bam Bam Resources (BBR) is up 7.1 per cent and is trading at C$0.075 per share
Bam Bam Resources (CSE:BBR) has identified five prominent silver zones within its Majuba Hill property in Nevada.
The company has gained access to historic data relating to the property and determined that these zones correlate with an oxide copper zone and three gold zones already defined on the site.
The company secured historic data from the US Bureau of Mines, which officially shut in 1996. Since then, the US Government and mining companies have been working to digitise and update historic mining data.
The company has been conducting ongoing exploration work on the site, alongside reviewing the significant cache of historic data, which initially identified silver on the site using drilling, rock chipping and soil sampling techniques.
The primary silver zone on the site overlaps with an oxide copper target that Bam Bam has already drilled. Four of the previously unknown silver zones lie on or near the property’s gold zone areas.
President and CEO of Bam Bam, David Greenway commented on the new targets and the valuable historical data the company recently received.
“I am pleased that we are improving our understanding of the Majuba Hill copper-gold-silver porphyry system. The historic production of 184,000 ounces reported by Matson significant.
“These additional target zones will be one of the keys we use to advance Majuba to a district scale exploration property,” he said.
Bam Bam Resources (BBR) is up 7.1 per cent and is trading at C$0.075 per share at 10:00 am EDT.
