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BCM Resources Corp
Symbol B
Shares Issued 187,210,523
Close 2023-05-24 C$ 0.095
Market Cap C$ 17,785,000
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BCM drills 510 ft of 0.66% Cu at Thompson Knolls

2023-05-24 07:42 ET - News Release

Dr. Sergei Diakov reports

BCM INTERCEPTS 510 FT @ 0.66% CU IN PHASE 3 DRILLING AT THOMPSON KNOLLS GREENFIELD CU-AU PORPHYRY PROJECT, UTAH, USA

BCM Resources Corp. has provided an update to its shareholders on the progress at Thompson Knolls (TK) greenfield Cu-Au-Ag-Mo (copper-gold-silver-molybdenum) porphyry project in southwestern Utah, United States. Phase 3 drilling at TK envisaged drilling of seven core holes. To date, four drill holes have been completed. Assay results have been received for three of these drill holes (TK7, TK8 and TK9). The highlight of the assay results is a significant mineral intercept of 510 feet (155.4 metres) at 0.66 per cent Cu, 0.12 gram per tonne Au and 7.4 g/t Ag in drill hole TK8, with eight sample intervals containing values greater than 1 per cent Cu over 80 ft (24.3 m).

President and chief executive officer Dr. Sergei Diakov stated: "I am very excited about this very encouraging mineralized intercept in drill hole TK8 as it indicates significant potential for the TK project to host a sizable copper-gold porphyry system with skarn mineralization. We continue testing TK project potential focusing our exploration porphyry Cu expertise to vector-in on the discovery of the greenfield porphyry system copper core."

Summary of drill hole TK8

TK8 was collared between TK3 and TK5 drill holes. It was drilled vertically, reaching a downhole depth of 3,062.5 ft (933.45 m). The hole was designed to test the northwestern flank of the TK magnetic anomaly and continuity of mineralization from TK3. At 1,915 ft (583.7 m) depth, TK8 intercepted mineralized diopside-marble skarn oxidized to a 2,040 ft (621.8 m) depth and then encountered primary magnetite-chalcopyrite mineralization that was documented for an extended interval from 2,040 ft (621.8 m) to 3,050 ft (929.6 m), a total of 1,010 ft (307.8 m). Sampling returned assay results averaging 0.40 per cent Cu, 0.08 g/t Au and 4.92 g/t Ag, including a more intensely mineralized interval from 2,040 ft (621.8 m) to 2,550 ft (777.2 m) of total 510 ft (155.4 m) at 0.66 per cent Cu, 0.12 g/t Au and 7.4 g/t Ag, with eight sample intervals containing values greater than 1 per cent Cu over 80 ft (24.3 m).

Summary of drill hole TK7

Drill hole TK7 was drilled vertically to a depth of 1,230 ft (375 m) and located south-southwest of hole TK3 which was drilled vertically to a depth of 2,641 ft (805 m) and designed to test the strong part of the TK magnetic anomaly. It reached a quartz-monzonite porphyry intrusion at 1,321 ft (402.6 m) carrying weak quartz-chalcopyrite mineralization in numerous thin quartz pyrite-chalcopyrite veinlets and rare quartz stockworks. Typical alteration developed includes: i) weak potassic (biotite-K-feldspar); ii) propylitic (chlorite) with magnetite; and iii) patchy argillic alteration. Copper grades in the sampled interval from 2,060 ft (627.9 m) to the bottom returned low copper metal values below 0.1 per cent.

Summary of drill hole TK9

Drill hole TK9 located east-southeast of TK6 1,923 ft (586 m) away was drilled to a depth of 2,322.5 ft (707.9 m) and designed to test the northern edge of the TK magnetic anomaly in carbonate rocks. It encountered strongly silicified marbleized dolomites and limestones with some patchy quartz-magnetite-hematite breccia mineralization. Assay results were low copper grades below 0.1 per cent Cu.

Summary of drill hole TK10

This drill hole was located east-southeast of TK9 1,585 ft (483 m) away to test the northern edge of the TK anomaly similarly to TK9. It was drilled vertically to a depth of 3,633 ft (1.107 m) in dolomitized marbles with no visual mineralization.

Drilling continues

The company is currently actively advancing hole TK14 which is strategically located between holes TK3a and TK6. Hole TK14 is designed to test the northwestern extension of the TK magnetic anomaly both in carbonate rocks and underlying quartz-monzonite intrusion. Mineralized skarn lithologies have been intersected in TK14 so far and drilling is proceeding.

TK is located approximately 210 kilometres southwest of Rio Tinto's giant Bingham Canyon porphyry copper-molybdenum-gold mine and smelter complex near Salt Lake City, Utah.

Qualified person and quality assurance/quality control

Richard R. Redfern, MSc, and certified professional geologist, a company qualified person for the purposes of National Instrument 43-101, has verified and approved the information contained in this news release. Core sampling was conducted on 10-foot mineralized intervals with standards and blank samples inserted in every 10 batches of samples for quality control procedures.

About BCM Resources Corp.

BCM Resources is a diversified Canadian mineral exploration company focused on the continued exploration of the Thompson Knolls porphyry Cu-Au-Ag-Mo project. BCM also controls perspective copper, gold and molybdenum exploration projects in British Columbia. BCM Resources is managed by experienced and successful board members and technical advisers.

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