BCM Resources Corporation (TSX-V: B) has completed additional sampling on the Shan property located 20 kilometres northeast of Terrace, BC. These results, combined with data released October 2, 2006, support the existence of a broadly mineralized area 800 by 500 m with important high grade mineralization in the southwestern zone, untested in earlier exploration programs.
All samples from the second round were located in the previously untested southwestern zone, and will be followed up with a diamond drill program in October.
These second round surface samples include:
| Sample Number |
type | width (m) |
Mo percent |
Sample Number |
type | width (m) |
Mo percent |
|---|---|---|---|---|---|---|---|
| SH-118 | chip | 3 | 0.081 | SH-141 | chip | 0.007 | |
| SH-119 | chip | 3 | 0.082 | SH-142 | chip | 0.002 | |
| SH-120 | chip | 3.5 | 0.101 | SH-143 | chip | 0.002 | |
| SH-121 | chip | 2 | 0.131 | SH-144 | chip | 1.7 | 0.001 |
| SH-122 | chip | 3.3 | 0.050 | SH-145 | float | 0.113 | |
| SH-123 | chip | 2.5 | 0.079 | SH-146 | chip | 0.148 | |
| SH-124 | chip | 1.8 | 0.031 | SH-147 | float | 0.023 | |
| SH-125 | chip | 4.3 | 0.024 | SH-148 | chip | 0.032 | |
| SH-126 | chip | 3.5 | 0.046 | SH-149 | chip | 0.029 | |
| SH-127 | chip | 2.25 | 0.060 | SH-150 | sub-crop | 0.014 | |
| SH-128 | chip | 1.8 | 0.105 | SH-151 | float | 0.075 | |
| SH-129 | recce chip | 0.022 | SH-152 | chip | 0.047 | ||
| SH-130 | sub-crop grab | >0.2% | SH-153 | float | >0.2% | ||
| SH-131 | sub-crop grab | 0.031 | SH-154 | float | 0.006 | ||
| SH-132 | sub-crop grab | 0.006 | SH-155 | chip | 0.046 | ||
| SH-133 | sub-crop grab | 0.036 | SH-156 | chip | 2.4 | 0.000 | |
| SH-134 | sub-crop grab | 0.006 | SH-157 | chip | 2 | 0.001 | |
| SH-135 | recce chip | 0.017 | SH-158 | SC | 0.001 | ||
| SH-136 | float | 0.001 | SH-159 | chip | 0.001 | ||
| SH-137 | sub-crop grab | 0.035 | SH-160 | float | 0.000 | ||
| SH-138 | float grab | 0.009 | SH-161 | sub-crop | 0.005 | ||
| SH-139 | float grab | 0.093 | SH-162 | sub-crop | 0.007 | ||
| SH-140 | chip channel | 2.2 | 0.039 | SH-163 | sub-crop | 0.021 |
SH-123 to SH-127 are contiguous samples taken from an embankment. With two samples over 0.2% Mo, five samples in the 0.1-0.2% range, and six samples in the 0.05-0.1% range, these results are highly encouraging and form the basis for the preliminary drill program.
Qualified Person
Lindsay Bottomer P.Geo., who is a Qualified Person as defined in NI 43-01, has reviewed the technical content of this news release. The surface sample assays were done at ACME Analytical Laboratories Ltd.
Contact:
Dale McClanaghan
President & CEO
604.646.0144
www.bcmresources.com
To receive BCM Resources news releases by e-mail, contact CEO & President Dale McClanaghan at d.mcclan@bcmresources.com or call (604)646-0144. The TSX has neither approved nor disapproved of the information contained herein.
Forward Looking Statements: Statements in this news release are forward-looking statements .Forward-looking statements include without limitation, statements regarding the company's plans, goals or objectives and future completion of mine feasibility studies, mine development programs, capital and operating costs, production, potential mineralization and reserves, exploration results and future plans and objectives of BCM. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will,", "expect," "intend," "estimate," "anticipate," "believe," or "continues" or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated with mining generally and pre-development stage projects in particular including but not limited to changes in general economic conditions, litigation, legislative, environmental and other judicial, regulatory, technological and operational difficulties, labor relations matters, foreign exchange costs & rates. Potential investors should conduct their own investigations as to the suitability of investing in securities of BCM.