VANCOUVER, BC — January 12, 2021 — Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) (“Bam Bam” or the “Company”) is pleased to announce that the size of the Majuba Hill Project has been increased by almost seventy five percent. The Company has added 168 new, unpatented lode mining claims and over 600 acres of private mineral and surface rights. This new land further centralizes control of the emerging porphyry copper district under the Bam Bam umbrella.
David Greenway, President & CEO, commented: “I am pleased that we have been able to expand the Majuba Hill Project to over 13 square miles (approx. 34 square kilometers). This substantial increase to our land package continues our strategy of turning Majuba Hill into a much larger and established, district size porphyry project. The goal is to continue to step out and find the true depth and size of the deposit”
About Majuba Hill Property
Majuba Hill is a large contiguous land position controlling the emerging Majuba Hill Copper District, located northeast of Reno, Nevada. “Majuba Hill District” 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.
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2021) - Bam Bam Resources Corp. (CSE: BBR) (OTC PINK: NPEZF) (FSE: 4NPB) ("Bam Bam" or the "Company") is pleased to announce that its board of directors has approved a three for one stock split of the Company's common shares (the "Stock Split") held by shareholders as of February 23, 2021 (the "Record Date"). Consequently, shareholders as of the Record Date will receive, on March 2, 2021 (the "Payment Date"), two additional common shares for each common share held. In accordance with the Company's Articles, shareholder approval was not required for the Stock Split. The Company will not be changing its name, CUSIP or its current trading symbol in connection with the Stock Split.
The Company's common shares are expected to begin trading on a split-adjusted basis on or around February 22, 2021.
The scientific and technical information contained in this news release has been reviewed by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").