Bam Bam Resources (OTCMKTS:NPEZF) was up 14% after releasing results for its main drilling samples of the current Majuba Hill copper drilling copper project located in Pershing County in Nevada.
Trading Data
On Monday, NPEZF stock gained 13.73% at $0.1615 with more than 2.07 million shares, compared to its average volume of 252K shares. The stock has moved within a range of $0.1414 – 0.1734 after opening the trade at $0.1620.
Discovers New Copper Porphyry At Majuba Hill Project
The company’s first hole drilled into the gold-copper target established an altered diorite starting at 81m. Usually, Pyrite and Chalcopyrite occur together as the main copper-bearing sulphide mineral. They appear as the core sulphide minerals related to the late potassic alteration veins, but the company also noted minor bornite amounts.
CEO David Greenway stated that he and the board are excited with the initialresults for the new discovery 2km from the company’s maiden drill program. Greenway added that they are optimistic that subsequent drilling will demonstrate that this is a potential extension to the company’s perspective copper asset. Bam Bam said that holder MHB-22 and MHB-20 target the copper-gold claims established by geological mapping, geophysics, and soil chemistry. So, NPEZF is a mining stock to watch in the coming weeks.
Key Quote
“The board and I couldn’t be more excited with the preliminary results from our new discovery 2 kilometers (km) from our initial drill program,” president and CEO David Greenway said in a statement.
