FOR IMMEDIATE RELEASE
BCM Resources announces initial assay results for the Shan South portion of its expanded Phase 3 drill program, which finished in December 2007. Assay results for the Shan North portion of the drill program are pending.
Five holes totaling 1080 m were drilled at the Shan South Triangle Zone. Eleven holes totaling 2476 m were drilled at Shan North.
Significant Intercepts include .07% Mo over 9 m and .09% Mo over 5 m. Results of scattered samples at Shan South returned up to .31% Mo over 1 m and .12% Mo over 2.5 m. (See Table) This pattern of scattered high-grade mineralization is similar to that observed at the nearby Camp Zone during Phase I & II drill programs.
Shan South Highlights
| Hole | From (m) | To (m) | Length (m) | % Mo |
|---|---|---|---|---|
| LM041 | 66.5 | 71.5 | 5 | .09 |
| LM042 | 271 | 280 | 9 | .07 |
| LM042 | 256.5 | 258.5 | 2 | .12 |
| LM042 | 100 | 101 | 1 | .31 |
The current interpretation of gently dipping mineralization at the surface, with scattered higher-grade steeply dipping feeder zones in the drill holes beneath, indicates that this may be a second mineralized zone similar to Las Margaritas. This suggests there may be potential for a cluster of such mineralized zones. A combination of molybdenum in rock and soils at surface and low magnetic zones beneath (resulting from magnetite-destructive alteration) may be a key to identifying other targets to the south, east and west of the Las Margaritas and Camp zones.
Both the Triangle and Camp Zones are believed to be high-grade feeder zones to broader sub-horizontal mineralized zones, now partly eroded, or these zones may be areas adjacent to the principal mineralization; the Camp Zone is about 300 m NE from the main Las Margaritas mineralized zone.
The proposed work program at Shan South in 2008 will focus on further exploring indications of additional such zones, including drill-testing magnetic lows in the prospective areas to the south, east and west of the Las Margaritas and Camp zones as well as carrying out additional drilling on Las Margaritas zone to better define its extent and grade. Further drilling is also planned on the lower portion of the Triangle zone closer to the adit, of which historical reports refer to narrow quartz veins containing visible molybdenite with assay values of up to 0.42% Mo.
The Company is waiting for the receipt of full results from Shan North, when a further news release will be issued.
All assays were carried out at Acme Analytical Laboratories in Vancouver B.C.
Qualified Person: Daryl Hanson, P.Eng., a Qualified Person as defined in NI 43-101, has reviewed the technical content of this news release.
Contact:
Dale McClanaghan
President & CEO
604.646.0144
www.bcmresources.com
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