Drone Magnetic Survey Outlines Large Intrusive Complex At Majuba Hill Porphyry District

VANCOUVER - Bam Bam Resources Corp. reported that a property-wide, 322 line-km drone magnetic survey was completed by Zonge International, Inc. at the Majuba Hill Porphyry Copper Project in Pershing County, Nevada. The 2020 drone results were merged with the 2018 ground magnetic survey. The combined magnetic survey shows that the Tertiary Intrusive Assemblage at Majuba Hill is at least 2.5 times larger than the geologic mapping indicated. The much larger extent shown by the positive magnetic response is consistent with the 2020 drilling and exploration by Bam Bam. The 2021 drone survey collected 196,532 readings on east-west lines spaced 150 meters apart. Flight elevations were at an average magnetometer elevation of 43.0 meters above the ground, providing the opportunity to merge the drone results with the 2018 ground magnetic survey covering the central portion of the property.

David Greenway, President and CEO, said, "The size of the Tertiary Intrusive is extremely encouraging. We recognized that Majuba Hill had characteristics showing the scale of the intrusive was much larger than was historically known. The widespread copper and the extensive copper-porphyry indicators all gave me confidence as we proceeded with our staged-exploration program. The drone magnetic results confirm our expectations. It is incredibly positive for Bam Bam to be able to operate in a Tier 1 jurisdiction and get these positive results."

2021 report provides a qualitative magnetic interpretation defining a large, prominent intrusive complex, which is centered on the company's Majuba Hill Property. By utilizing the total magnetic intensity (TMI) data, reduced to pole (RTP) data, and reduced to pole-residual (RTP-RES) data he has outlined the large footprint encompassing the copper-bearing portions of the Majuba Hill Tertiary Intrusive Assemblage. The large Majuba Hill Intrusive Complex can be subdivided into three zones which appear to be part of a continuum related to a large magma-chamber. 1. The "Ti1" zone has a distinct, positive magnetic signature. Porphyry-style pyrite, pyrrhotite, chalcopyrite, and arsenopyrite associated with quartz-sericite-pyrite (phyllic) and possible potassic alteration was logged in the recent deep core holes drilled within the Ti1 zone. 2. The "Ti2" zone forms a more subdued response within Ti1 that is likely related to silica alteration which has been attributed to a phyllic alteration zone that outcrops on the top of Majuba Mountain. 3. The "KTi" zone consists primarily of the surrounding granitic intrusive rocks with a remanent magnetic signature. The remanent signature is distinctly different from the regional granite intrusive units. Noted: Peripheral dikes, and faults have distinct orientations with some of the zones also showing a remanent magnetic signature.

The Company currently exploring the known Oxide Mineralization, Majuba Extension, and Sulfide Zones. They lay well within the Ti1 magnetic zone. Drone mag results indicate that these zones are much larger than the Company had envisioned. Recent and historic drilling has been limited to a small portion of the Ti1 zone. Historic underground mining and drilling outlined the known oxide copper and silver mineralization along the southern margin of the Ti2 zone at Majuba Hill. Within the known oxide and extension zone Bam Bam drilled hole MHB-2, which returned: 146 feet (44.5m) of 1.41% Cu and 97.6 ppm Ag from 0 to 146 feet (0-44.5m). Bam Bam RC drill holes MHB-3, 4, 5 and 6 results give strong evidence that the known Oxide Mineralization and Extension Zone is a single zone with good economic potential. Modeling of the oxide copper and zones of secondary enrichment is currently in-progress for an NI43-101 update. This zone occurs along the southern margin of the Ti2 magnetic zone. Over 70% of the margin of the Ti2 zone is untested.

Correlation of Geochemistry Results: Soil geochemical grids do not yet completely cover the Ti1 zone. The Ti1 zone covers approximately 2 square miles (5 sq km). It contains all the historically reported copper mining and the majority of the silver mining. This zone also includes several large, multi-sample, continuous, greater than 100 ppm copper in soil anomalies. The Ti1 zone also contains several large, multi-sample, continuous, greater than 1 g/t silver in soil anomalies. Over 1 g/t silver is also associated with dike/fault zones cutting the Ti1 intrusive assemblage. Multi-sample, continuous, greater than 1 g/t silver soil anomalies are also coincident with 50-100 ppm copper, anomalous gold, anomalous zinc, and anomalous molybdenum on dike/fault zones up to 2 miles (3.2 km) from the center of the Majuba Hill Intrusive Complex. Additional soil sampling, rock geochemical sampling, and SWIR sampling is planned during 2021.