Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
Bam Bam Resources (CSE: BBR) announced that it has increased the size of the Majuba Hill project in Nevada by almost 75% after adding 168 new, unpatented lode mining claims and over 600 acres of private mineral and surface rights.
In a press release, the Vancouver-based miner said the new land further centralizes control of the emerging porphyry copper district under the Bam Bam umbrella.
The Majuba Hill copper-silver-gold project is a large, contiguous land position controlling the emerging Majuba Hill Copper District, located 156 miles northeast of Reno.
“This substantial increase to our land package continues our strategy of turning Majuba Hill into a much larger and established, district-size porphyry project,” David Greenway, Bam Bam’s president and CEO, said in the media brief. “The goal is to continue to step out and find the true depth and size of the deposit.”
The Majuba Hill copper-silver-gold project is a large, contiguous land position controlling the emerging Majuba Hill Copper District
According to Greenway, the property 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.
According to the company, 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 modelled to produce a mineral resource estimate,” Bam Bam said.
“A few deeper drill holes, IP geophysical surveys, and surface geochemistry have tentatively identified target areas with potential to significantly expand the mineralization.”
